Majority Consenting Lenders definition

Majority Consenting Lenders means the Majority Consenting First Lien Lenders and the Majority Consenting Second Lien Lenders.

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Majority Consenting Lenders means Consenting Term Lenders who hold, in the aggregate, at least 50.1% of the principal amount of the total outstanding loans under the Term Loan Agreement held by all Consenting Term Lenders as of such date the Majority Consenting Lenders make a determination in accordance with the Support Agreement or the Plan.

Majority Consenting Lenders means Consenting Lenders holding in the aggregate more than 66 2/3% of the aggregate principal amount of Loans held by the Consenting Lenders.

Examples of Majority Consenting Lenders in a sentence

This Amendment shall become effective and binding on each Party on the date (such date, the “Amendment Effective Date”) counsel to the parties hereto have received signature pages hereto signed by the Company and the Consenting Lenders constituting Majority Consenting Lenders.
This Waiver shall become effective and binding on each Party on the date (such date, the “Waiver Effective Date”) counsel to the parties hereto have received signature pages hereto signed by the Consenting Lenders constituting Majority Consenting Lenders.
The Company hereby acknowledges and agrees that the termination of this Agreement and the obligations hereunder as a result of a Consenting Creditor Termination Event, and the delivery of any notice by the Majority Consenting Lenders, the Committee, a Consenting Noteholder or an Initial Consenting Noteholder, pursuant to any of the provisions of this Section 5.02 shall not violate the automatic stay imposed in connection with the Bankruptcy Cases.
The Company hereby acknowledges and agrees that the termination of this Agreement and the obligations hereunder as a result of a Consenting Lender Termination Event, and the delivery of any notice by the Majority Consenting Lenders pursuant to any of the provisions of this Section 5.02 shall not violate the automatic stay imposed in connection with the Bankruptcy Cases.
This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual agreement by and among the Company and the Majority Consenting Lenders.
Notwithstanding the above, a specific Milestone may be extended or waived with the express prior written consent of both the Company and the Majority Consenting Lenders.
The Debtor, with the consent of the Majority Consenting Lenders (which consent will not be unreasonably withheld, conditioned, or delayed), may waive conditions set forth in Article X.A of the Plan at any time without leave of or order of the Court and without any formal action.
The Restructuring Transactions may include one or more intercompany mergers, consolidations, amalgamations, arrangements, continuances, restructurings, conversions, dissolutions, transfers, liquidations, or other corporate transactions as may be determined by the Debtors, with the consent of the Majority Consenting Lenders, or the Reorganized Debtors, as applicable, to be necessary or appropriate.
The Debtor, with the consent of the Majority Consenting Lenders (which consent shall not be unreasonably withheld, conditioned, or delayed), may waive conditions set forth in Article X.A above at any time without leave of or order of the Court and without any formal action.
Except as otherwise provided herein, this Agreement may not be modified, amended, or supplemented without the prior written consent of the Company and the Majority Consenting Lenders.

More Definitions of Majority Consenting Lenders

Majority Consenting Lenders means at least four (4) Consenting Lenders who are not affiliates of each other and who hold, in the aggregate, at least 66 2/3% of the principal amount of total outstanding Loans under the Credit Agreement held by all Consenting Lenders. 3 The Equity Warrants will be structured such that decisions regarding the timing for issuance of the New Debt and how the proceeds of such New Debt will be used will be value neutral to the Equity Warrants.

Majority Consenting Lenders means Consenting Lenders who hold, in the aggregate, at least 50.1% of the principal amount of the total outstanding Loans under the Term Loan Agreement held by all Consenting Lenders. Notwithstanding the foregoing, Section 8(o) hereof may not be amended, waived or otherwise modified without the consent of such affected Consenting Lender.

Majority Consenting Lenders has the meaning ascribed to such term in the Restructuring Support Agreement.

Majority Consenting Lenders means the Majority Consenting First