Required Consenting Parties definition

Required Consenting Parties means the Required Consenting Noteholders, the Consenting Sponsors, and the Debtors.

Required Consenting Parties means the Required Consenting First Lien Noteholders, the Required Consenting 1.5L Noteholders, the Required Consenting Crossholder Noteholders, the Consenting Sponsors and the Company.

Required Consenting Parties means, collectively: (a) the “Required Consenting Parties” as defined in the Plan Support Agreement at the time of the relevant determination; and (b) the “Requisite Commitment Parties” as defined in the Backstop Commitment Agreement at the time of the relevant determination, in the case of each of (a) and (b), each voting as a separate class (and with each class within each such class voting separately, as set forth in the Plan Support Agreement and the Backstop Commitment Agreement).

Examples of Required Consenting Parties in a sentence

• The Debtors reserve the right, subject to the terms of the RSA and the approval rights of the Required Consenting Parties set forth therein and the Investment Agreement and the approval rights of the Commitment Parties set forth therein, to revoke or withdraw the Plan with respect to any or all Debtors before the Confirmation Date and to File subsequent chapter 11 plans.

• The failure of the Debtors or Reorganized Debtors, as applicable, or the Required Consenting Parties, to exercise any of the foregoing rights shall not be deemed a waiver of any other rights, and each such right shall be deemed an ongoing right, which may be asserted at any time.

• The Debtors shall consult with the Required Consenting Parties and the Committee prior to designating any Debtor as a Non-Reorganizing Debtor.

• The failure of the Debtors or Reorganized Debtors, as applicable, or the Required Consenting Parties or the Committee, to exercise any of the foregoing rights shall not be deemed a waiver of any other rights, and each such right shall be deemed an ongoing right, which may be asserted at any time.

• The Debtors shall consult with the Committee and the Required Consenting Parties to ensure that holders of General Unsecured Claims participate in the Note Rights Offering and Equity Rights Offering in accordance with Article III of the Plan.

More Definitions of Required Consenting Parties

Required Consenting Parties means, collectively, the Required Commitment Parties and the Bank CoCom.

Required Consenting Parties means the Required Consenting First Lien Noteholders and the Required Consenting Second Lien Noteholders.

Required Consenting Parties means, collectively, the Required Commitment Parties and the Bank

Required Consenting Parties means, collectively, the Required Consenting First Lien Lenders, the Required Consenting Second Lien Lenders, and the Potter Group Entities party to the RSA from time to time.

Required Consenting Parties means each of the (a) Consenting Noteholders holding, collectively, more than 66.67% by principal face amount of all 2022 Notes held by the Consenting Noteholders as of the time of determination and (b) the Revolving Lenders holding, collectively, more than 50% by principal face amount of all Revolving Commitments held by the Revolving Lenders as of the time of determination.

Required Consenting Parties means, as of the date such consent, direction, approval or other action is required, those Consenting Parties (a) anticipated to hold greater than 66⅔% of the New Common Stock immediately after the occurrence of the Plan Effective Date (without giving effect to the MIP), calculated in accordance with (i) the Backstop Commitment Agreement and (ii) the Restructuring Term Sheet; provided that such calculation shall disregard shares offered in the Equity Rights Offering to non-Backstop Parties; and (b) committed to provide greater than 50% of the Backstop Commitment Percentages.

Required Consenting Parties means, as of the relevant date, each of (a) the Required Consenting First Lien Creditors, (b) the Strategic Investor, and (c) the Required DIP Commitment Parties.