Required Consenting First Lien Lenders definition

Required Consenting First Lien Lenders means the First Lien Lenders party to the RSA who own or control at least two-thirds of the aggregate outstanding principal amount of loans under the First Lien Credit Agreement.

Required Consenting First Lien Lenders means, as of any date of determination, Consenting First Lien Lenders who collectively own (or have voting control of) at least 50.01% of the aggregate outstanding principal amount of each of the First Lien Loans held by all Consenting First Lien Lenders at such time.

Required Consenting First Lien Lenders means, as of any date of determination, Consenting First Lien Lenders who collectively hold at least 50.01% of the aggregate outstanding principal amount of the First Lien Obligations held by all Consenting First Lien Lenders at such time; provided, however, that for purposes of this definition, the term “Consenting First Lien Lenders” excludes any First Lien Lender that, on the relevant date of determination, is in breach of any of its material obligations under the Restructuring Support Agreement.

Examples of Required Consenting First Lien Lenders in a sentence

• Hypertrophic cardiomyopathy (HCM) is a common genetic heart disease, which can cause arrhythmias and heart failure [1].

• The conditions to the Effective Date set forth in this Article IX may be waived in whole or in part at any time by the Debtors only with the prior written consent of the Required Consenting First Lien Lenders (email shall suffice), without notice, leave, or order of the Bankruptcy Court or any formal action other than proceedings to confirm or consummate the Plan.

• The Debtors, with the prior written consent of the Required Consenting First Lien Lenders, reserve the right to revoke or withdraw the Plan prior to the Confirmation Date and to file subsequent chapter 11 plans, but without prejudice to the respective parties’ rights under the RSA.

• The Debtors (with the reasonable consent of the Required Consenting First Lien Lenders), or Reorganized Debtors, as applicable, reserve the right at any time to move to reject any Executory Contract or Unexpired Lease based upon the existence of any unresolved dispute or upon a resolution of such dispute that is unfavorable to the Debtors or Reorganized Debtors.

• The Debtors, with the consent of the Required Consenting First Lien Lenders, and in accordance with Article XII.A of the Plan, reserve the right to modify the Plan, the Plan Supplement or the Disclosure Statement in order to satisfy the requirements of section 1129(b) of the Bankruptcy Code, if necessary.

More Definitions of Required Consenting First Lien Lenders

Required Consenting First Lien Lenders means, as of the relevant date, Consenting First Lien Lenders holding at least 50.01% of the aggregate outstanding principal amount of First Lien Debt held by Consenting First Lien Lenders.

Required Consenting First Lien Lenders means the Required Consenting First Lien Lenders as defined in the RSA.

Required Consenting First Lien Lenders means, as of the relevant date, Consenting 1L Lenders holding, collectively, at least 50.01% of the aggregate outstanding principal amount of Prepetition 1L Term Loan Claims that are held by Consenting 1L Lenders as of the Effective Date.

Required Consenting First Lien Lenders means “Required Consenting Lenders” as defined in the PSA.

Required Consenting First Lien Lenders means as of any date of determination, Consenting First Lien Lenders who are part of the First Lien Group and own or control as of such date at least 66-2/3% of aggregate principal amount of all outstanding Existing First Lien Loans owned or controlled by all Consenting First Lien Lenders who are part of the First Lien Group.

Required Consenting First Lien Lenders means, as of any time of determination, Consenting First Lien Lenders holding at least 50.01% of the aggregate outstanding principal amount of First Lien Claims that are held by all Consenting First Lien Lenders.

Required Consenting First Lien Lenders means Consenting First Lien Lenders that hold, in the aggregate, greater than 50% in principal amount outstanding of all First Lien Claims held by Consenting First Lien Lenders that are (or whose managers or investment managers are) members of the Ad Hoc Group of First Lien Lenders.