Instructing Creditors definition

Instructing Creditors has the meaning set forth in the Intercreditor Agreement.
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Instructing Creditors. The Majority Facility A Creditors (as defined in Intercreditor Agreement) and the Majority Facility B Creditors (as defined in Intercreditor Agreement) acting jointly.
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Instructing Creditors has the meaning set forth in the Tranche 1 Intercreditor Agreement. “Insurance Proceeds” means, with respect to any Event of Loss, any proceeds received from insurance policies, any condemnation awards or other compensation, awards, damages and other payments or relief (including any compensation payable in connection with a taking) by the Company, any Drilling Rig Owner, any party to a Charter Agreement or any collateral agent under a Security Document with respect to such Event of Loss, in each case, relating to any Drilling Rig.
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Examples of Instructing Creditors in a sentence

  • Promptly after receipt of such Decision Request, the Intercreditor Agent shall provide each Representative (on behalf its applicable Instructing Creditors) with a copy of such Decision Request, and shall request the vote of the Instructing Representatives on such proposed Decision, by delivering an Intercreditor Vote Notice accompanied by a Voting Certificate, to the Instructing Representatives in accordance with the procedures set forth in Section 7.09.


More Definitions of Instructing Creditors

Instructing Creditors has the meaning set forth in the New 2026 First Lien Notes Indenture.
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Instructing Creditors means the Administrative Agent or the Inventory Party, acting independently; provided that until the Discharge of First Lien Obligations occurs (a) unless the relevant Collateral Agent believes in good faith that a delay would adversely affect the rights of each of the Secured Parties, such Collateral Agent will be required to refrain from acting on the instructions of the initial Instructing Creditors for a period of five (5) Business Days after its receipt of such instructions; (b) if the Administrative Agent or the Inventory Party give or make conflicting instructions regarding such initial instructions within such five (5) Business Days period, the relevant Collateral Agent will organize a conference call with the Collateral Agents, the Inventory Party and the Administrative Agent to be held within five (5) Business Days thereafter (or any other time as agreed between the Administrative Agent and the Inventory Party); and (c) (i) if during such conference call the Administrative Agent and the Inventory Party agree on a plan that resolves the conflicting instructions, such Collateral Agent will be required to act on the revised instructions reflecting such resolution or (ii) if during such conference call or otherwise the Administrative Agent and the Inventory Party fail to agree on a plan that resolves the conflicting instructions within such five (5) Business Day period, the instructions delivered with respect to any Collateral by the First Lien Agent or the First Lien Secured Parties for such Collateral will prevail and the relevant Collateral Agent will be required to act on such instructions.
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Instructing Creditors has the meaning set out in Clause 2.6.4;
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Instructing Creditors means: with respect to any Intercreditor Action relating to Real Estate Collateral, until the Discharge of NFL Deferral Obligations under the NFL Deferral Agreement, the First Priority Creditors holding NFL Deferral Obligations; following the Discharge of NFL Deferral Obligations under the NFL Deferral Agreement and until the Discharge of all other First Priority Obligations, the First Priority Creditors; after the Discharge of First Priority Obligations under the First Priority Debt Documents, but prior to the Discharge of Third Priority Obligations, the Third Priority Creditors; and after the Discharge of Third Priority Obligations under the Third Priority Debt Documents, Fourth Priority Creditors; and with respect to any Intercreditor Action relating to any Collateral (other than Real Estate Collateral), until the Discharge of First Priority Obligations (other than the NFL Deferral Obligations) under the First Priority Debt Documents, the First Priority Creditors; following the Discharge of First Priority Obligations (other than the NFL Deferral Obligations) and until the Discharge of NFL Deferral Obligations under the NFL Deferral Agreement, the First Priority Creditors holding NFL Deferral Obligations; after the Discharge of First Priority Obligations under the First Priority Debt Documents, but prior to the Discharge of Third Priority Obligations, the Third Priority Creditors; and after the Discharge of Third Priority Obligations under the Third Priority Debt Documents, Fourth Priority Creditors.
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Related to Instructing Creditors

  • Designated Senior Representative means (i) if at any time there is only one Senior Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the Applicable Authorized Representative (as defined in the First Lien Intercreditor Agreement) at such time.

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Senior Representative means, with respect to any series of Permitted First Priority Refinancing Debt, Permitted Second Priority Refinancing Debt or other Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Authorized Issuer Representative means any person at the time designated to act on behalf of the Issuer by a written certificate furnished to the Company and the Trustee containing the specimen signature of such person and signed on behalf of the Issuer by its Chairman. Such certificate may designate an alternate or alternates.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Second Priority Representative means, in respect of a Second Priority Debt Facility, the trustee, administrative agent, security agent or similar agent under such Second Priority Debt Facility, as the case may be, and each of their successors in such capacities.

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Requisite Holders means the holders of the Warrants representing a majority of the shares of Common Stock underlying the Warrants then outstanding.

  • Required Secured Parties has the meaning given to it in the Intercreditor Agreement.

  • Customer Representative means the representative appointed by the Customer from time to time in relation to this Call Off Contract;