Majority Consenting Noteholders definition

Majority Consenting Noteholders means Consenting Noteholders holding at least a majority of the aggregate principal amount of all Notes held by all Consenting Noteholders at the time that a consent, approval, waiver or agreement is sought pursuant to the terms of this Plan;

Majority Consenting Noteholders means Consenting Noteholders holding in aggregate not less than a majority of the aggregate principal amount of the Notes held by all Consenting Noteholders.

Majority Consenting Noteholders means the Consenting Noteholders whose Locked- Up Notes Debt represents at least 50% by value of the aggregate Locked-Up Notes Debt of all Consenting Noteholders.

Examples of Majority Consenting Noteholders in a sentence

• If the conditions contained in Section 12.3 are not satisfied or waived (to the extent permitted under Section 12.4) by the Outside Date, unless the Applicant and the Majority Consenting Noteholders agree in writing to extend such period, this Plan and the Sanction Order shall cease to have any further force or effect and will not be binding on any Person.

• The Applicant reserves the right to revoke or withdraw this Plan at any time prior to the Implementation Date, with the consent of the Monitor and the Majority Consenting Noteholders.

• The Applicant and the Majority Consenting Noteholders may at any time and from time to time waive the fulfillment or satisfaction, in whole or in part, of the conditions set out herein, to the extent and on such terms as such parties may agree to provided however that the conditions set out in Section 12.3(a) cannot be waived and that the conditions set out in Section 12.3(l) can only be waived by the Applicant and the Majority Backstop Parties.

• On the applicable Distribution Date, each holder of an Allowed General Unsecured Claim shall receive, in full satisfaction, settlement, release, and discharge of and in exchange for such Allowed General Unsecured Claim, either (i) Cash equal to the unpaid portion of such Allowed General Unsecured Claim or (ii) such different treatment as to which such holder and the Debtor (with the consent of the Majority Consenting Noteholders) or the Reorganized Debtor, as applicable, shall have agreed upon in writing.

• The Debtor, with the consent of the Majority Consenting Noteholders, reserves the right, at any time prior to the Effective Date, except as otherwise specifically provided herein, to seek to reject any executory contract or unexpired lease to which the Debtor is a party and to file a motion requesting authorization for the rejection of any such contract or lease.

More Definitions of Majority Consenting Noteholders

Majority Consenting Noteholders. Consenting Noteholders who hold, in the aggregate, at least 50.1% in principal amount outstanding of all Notes Claims held by Consenting Noteholders.

Majority Consenting Noteholders means Consenting Noteholders holding a majority in principal amount of the Old Notes held by the Consenting Noteholders.

Majority Consenting Noteholders means, at any time, with respect to any approval, notice, objection or similar right set forth in this Agreement, holders whose Consenting Notes, in aggregate, constitute more than 50 percent by face value of all Consenting Notes currently outstanding at such time held by Consenting Noteholders that exercised their approval, notice, objection or similar rights, as applicable.

Majority Consenting Noteholders. As of the date of determination, at least two unaffiliated Consenting Noteholders, who together hold, in the aggregate, at least 50.1% of the outstanding aggregate principal amount of the Genco Notes as of such date.

Majority Consenting Noteholders means Consenting Noteholders holding at least a majority of the aggregate principal amount of all Notes held by ail Consenting Noteholders at the applicable time, in respect of which the Applicant and the Monitor shall be entitled to rely on written confirmation from Goodmans LLP that the Majority Consenting Noteholders have agreed, waived, consented to or a pproved a particular matter, and Goodmans LLP shall be entitled to rely on a communication in any form acceptable to Goodmans LLP, in its sole discretion, from any Consenting Noteholder for the purpose of determining whether such Consenting Noteholder has agreed, waived, consented to or approved a particular matter, and the principal amount of Notes held by such Consenting Noteholder;

Majority Consenting Noteholders means Consenting Noteholders who hold Supporting Notes constituting more than 50 per cent in aggregate of the aggregate principal amount of all Supporting Notes held by all Consenting Noteholders at the relevant time.

Majority Consenting Noteholders means Consenting Noteholders who hold, in the aggregate, at least 66.67% in principal amount outstanding of all Note Claims held by Consenting Noteholders.