Examples of First Lien Lender Group in a sentence
To the extent requested by the Committee, with the consent of the First Lien Lender Group (not to be unreasonably withheld), any of the Specified Officers and Directors shall enter into an agreement prior to the Effective Date pursuant to which he will agree to cooperate with the Litigation Trust and provide reasonable assistance to the Litigation Trust until the Litigation Trust is terminated, regardless of whether he remains an officer of the Reorganized Debtors.
In addition, the Reorganized Debtors shall continue to pay when due and payable in the ordinary course, reasonable and documented fees and expenses of the Ad Hoc Crossholder Lender Group Advisors (as defined in the RSA) and the Ad Hoc First Lien Lender Group Advisors (as defined in the RSA) related to implementation, consummation, or defense of the Plan.
The Company shall promptly furnish counsel to the First Lien Lender Group and counsel to the Committee with copies of any written offer relating to an Alternative Transaction.
In the event that the Reorganization Transaction is consummated, the Board of Directors of Reorganized FCI (the “Reorganized FCI Board”) will consist of seven directors: (i) the Chief Executive Officer of Reorganized FCI and (ii) six directors selected by the Ad Hoc First Lien Lender Group, at least one of which shall be independent.
The Plan Administrator, subject to the terms and conditions of this Plan and the Plan Administration Agreement, shall be authorized to execute, deliver, file or record (in consultation with the Ad Hoc DIP and First Lien Lender Group) such documents, contracts, instruments, releases and other agreements and to take such actions as may be necessary or appropriate to effectuate and further evidence the terms and conditions of this Plan.
In the event that a RMA is issued by CAC for an out of box failure, it will be replaced immediately upon receipt of product and verification of defect at CAC.
As described above, during the forbearance period, the Company and the First Lien Lender Group continued discussions to build a path toward a consensual sale or reorganization transaction.
On the Effective Date, the Litigation Trust Oversight Committee shall become effective and shall consist of (i) the Original Trustee, (ii) [] (together with any successor, the “First Lien Lender Designee”), a designee appointed by the First Lien Lender Group, and (iii) [____] (together with any successor, the “UCC Designee”), a designee appointed by the Creditors’ Committee.
Releases, Exculpation, Discharge and Injunction: The Plan will contain release, exculpation, discharge and injunction provisions to be agreed to by the Company and the Ad Hoc First Lien Lender Group.
The Debtors and the MDL Facility lenders intended for the incremental liquidity provided by the MDL Facility to fund the Debtors’ operations while the Crossover Group and the First Lien Lender Group (each as defined herein) engaged with the Debtors regarding the terms of a consensual restructuring.