Required Consenting First Lien Creditors means, as of the relevant date, at least two (2) non- Affiliated Consenting First Lien Creditors represented by Akin Gump that collectively hold at least a majority of the aggregate outstanding principal amount of First Lien Notes Claims held by all such Consenting First Lien Creditors represented by Akin Gump.
Required Consenting First Lien Creditors means, as of the relevant date, Consenting Creditors that are members of the First Lien Ad Hoc Group (a) holding at least 50.01% of the aggregate principal amount of First Lien Claims held by all Consenting First Lien Creditors that
Required Consenting First Lien Creditors means, as of the relevant date (a) at least two (2) unaffiliated Initial Consenting First Lien Creditors holding at least 55.01% of the aggregate principal amount of First Lien Claims that are held by all Initial Consenting First Lien Creditors in aggregate; (b) if there are not at least two (2) unaffiliated Initial Consenting First Lien Creditors holding at least 55.01% of the aggregate outstanding principal amount of such First Lien Claims, then the Consenting First Lien Creditors holding at least 55.01% of the aggregate outstanding principal amount of First Lien Claims that are held by the Initial Consenting First Lien Creditors; or (c) if there are no Initial Consenting First Lien Creditors party to this Agreement, Consenting First Lien Creditors holding at least 55.01% of the aggregate outstanding principal amount of the First Lien Claims held by such Consenting First Lien Creditors.
Examples of Required Consenting First Lien Creditors in a sentence
Mr. Bolster explained that Executive Order 58 further defines the Commission’s activities related to mandates.
Uniti will pay to the subsidiary or subsidiaries of Windstream designated by the mutual agreement of the Debtors, the Required Consenting First Lien Creditors, and the Requisite Backstop Parties$490,109,111 in 20 equal consecutive quarterly installments beginning on the 5th business day of the first month following the Effective Date.
In the event that the Debtors or the Reorganized Debtors, as applicable, object to all or any portion of the amounts requested to be reimbursed in a Distribution Agent’s invoice, the Debtors (with the consent of the Required Consenting First Lien Creditors) or the Reorganized Debtors, as applicable, and such Distribution Agent shall endeavor, in good faith, to reach mutual agreement on the amount of the appropriate payment of such disputed fees and/or expenses.
Uniti shall have paid the APA Purchase Price (as defined below) and the IRU Purchase Price (as defined below) to the Windstream Entity or Entities designated by the mutual agreement of the Debtors, the Required Consenting First Lien Creditors, and the Requisite Backstop Parties (as defined in the Backstop Commitment Agreement).Dismissal of Litigation; Withdrawal of Proofs of Claim.
This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual written agreement among all of the following: (a) the Required Consenting First Lien Creditors and (b) each Company Party.
More Definitions of Required Consenting First Lien Creditors
Required Consenting First Lien Creditors means, as of the relevant date, Consenting Creditors that are members of the First Lien Ad Hoc Group (a) holding at least 50.01% of the aggregate principal amount of First Lien Claims held by all Consenting First Lien Creditors that are members of the First Lien Ad Hoc Group and (b) constituting at least two (2) members2 of the First Lien Ad Hoc Group.
Required Consenting First Lien Creditors means, as of the relevant date, Consenting Creditors that are members of the First Lien Ad Hoc Group (a) holding at least 50.01% of the aggregate principal amount of First Lien Claims held by all Consenting First Lien Creditors that are members of the First Lien Ad Hoc Group and (b) constituting at least two (2) members2 of the First Lien Ad Hoc Group. “Required Consenting Midwest Noteholders” means, as of the relevant date, Consenting Midwest Noteholders that are members of the Ad Hoc Group of Midwest Noteholders holding at least 50.01% of the aggregate principal amount of Midwest Notes Claims held by all Consenting Midwest Noteholders that are members of the Ad Hoc Group of Midwest Noteholders. “Restructuring Term Sheet” has the meaning set forth in the recitals to this Agreement. “Restructuring Transactions” has the meaning set forth in the recitals to this Agreement. “Rules” means Rule 501(a)(1), (2), (3), and (7) of the Securities Act. “Second Lien Claims” means any Claim on account of the Second Lien Notes. “Second Lien Notes” means the (i) 10.50% Senior Second Lien Notes due 2024 and (ii) 9.00% Senior Second Lien Notes due 2025 issued by Services and Windstream Finance Corp. “Secured Tax Claim” means any Secured Claim that, absent its Secured status, would be entitled to priority in right of payment under section 507(a)(8) of the Bankruptcy Code (determined irrespective of time limitations), including any related Secured Claim for penalties. 2 For purposes of determining the number of Consenting First Lien Creditors in the First Lien Ad Hoc Group, each member thereof, together with any of its affiliates or managed funds, shall be counted as one Consenting First Lien Creditor in the First Lien Ad Hoc Group. 8
Required Consenting First Lien Creditors shall require the consent of each member of the First Lien Ad Hoc Group holding First Lien Claims that was a Consenting Creditor and member of the First Lien Ad Hoc Group as of the date of such modification, amendment, or change, (y) any modification, amendment, or change to the definition of “Uniti Parties” shall require the consent of the Uniti Parties and (z) any modification, amendment, or change to the definition of “Required Consenting Midwest Noteholders” shall require the consent of each member of the Ad Hoc Group of Midwest Noteholders holding Midwest Notes Claims that was a Consenting Creditor and member of the Ad Hoc Group of Midwest Noteholders as of the date of such modification, amendment, or change, (iii) any change, modification, amendment, or supplement to the Uniti Parties Termination Events shall require the written consent of the Uniti Parties and (iv) any change, modification, or amendment to this Agreement that affects any Consenting Creditor in a manner that is materially and adversely disproportionate, on an economic or non-economic basis, to the manner in which such Consenting Creditor was treated pursuant to the terms of this Agreement immediately prior to such change, modification, or amendment shall require the written consent of such materially adversely and disproportionately affected Consenting Creditor.
Required Consenting First Lien Creditors means, collectively, the Required Consenting First Lien Noteholders and the Required Consenting Xxxxxxx Ad Hoc Group Members.
Required Consenting First Lien Creditors means, as of the relevant date, Consenting First Lien Creditors holding at least 50.01% of the aggregate principal amount of First Lien Claims held by all Consenting First Lien Creditors; provided, that with respect to any terms or conditions that relate to the implementation or approval of the Claims Settlement or the treatment and allowance of the First Lien Claims under the Plan, such term shall mean, as of the relevant date, both (i) Consenting Creditors holding at least 50.01% of the aggregate principal amount of Term Loan Claims held by all Consenting First Lien Creditors and (ii) Consenting Creditors holding at least 50.01% of the aggregate principal amount of First Lien Notes Claims held by all Consenting First Lien Creditors.
Required Consenting First Lien Creditors shall require the consent of each member of the First Lien Ad Hoc Group holding First Lien Claims that was a Consenting Creditor and member of the First Lien Ad Hoc Group as of the date of such modification, amendment, or change and (y) any modification, amendment, or change to the definition of “Uniti Parties” shall require the consent of the Uniti Parties, (iii) any change, modification, amendment, or supplement to the Uniti Parties Termination Events shall require the written consent of the Uniti Parties, and (iv) any change, modification, or amendment to this Agreement that affects any Consenting Creditor in a manner that is materially and adversely disproportionate, on an economic or non-economic basis, to the manner in which such Consenting Creditor was treated pursuant to the terms of this Agreement immediately prior to such change, modification, or amendment shall require the written consent of such materially adversely and disproportionately affected Consenting Creditor. 28
Required Consenting First Lien Creditors means, collectively, the Required Consenting First Lien Noteholders and the Required Consenting Jackson Ad Hoc Group Members.