Examples of RCF Creditors in a sentence
The RCF Creditors and the Hedge Counterparties will receive (i) the proceeds from any enforcement of the Transaction Security and the Guarantees and certain distressed disposals and (ii) any payments following any other enforcement event prior to the Bondholders (but otherwise rank pari passu in right of payment with the Bonds) in accordance with the waterfall provisions of the Intercreditor Agreement.
The Bond Trustee, acting in its sole discretion, may, regarding this Clause 6.1 (C onditions precedent for disbursement to the Issuer), waive the requirements for documentation or decide that delivery of certain documents shall be made subject to an agreed closing procedure between the Bond Trustee, the Issuer and the RCF Creditors.
The RCF Creditors and the Hedge Counterparties will receive Enforcement Proceeds prior to the Bondholders (but otherwise rank pari passu in right of payment with the Bonds) in accordance with the waterfall provisions of theIntercreditor Agreement.
He stated that the fee was “intended to incentivise” RCF Creditors and Noteholders to work together as the Ad Hoc Group to streamline the negotiation process and reduce costs, and to compensate them for time spent and “opportunity cost” resulting from participation in the negotiations.
Importantly for part of the class analysis to which I refer below, it is readily apparent that the claims of the holders of the English law Notes and the New York law Notes and the RCF Creditors are, by their nature, very unlikely to be disputed.