Required Consenting RBL Lenders definition

Required Consenting RBL Lenders means, as of any time of determination, beneficial Holders of (or investment advisors, sub-advisors, or managers of discretionary accounts that hold) at least 50.01% of the aggregate outstanding principal amount of the RBL Loans subject to the Restructuring Support Agreement.
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Required Consenting RBL Lenders means, as of any time of determination, the Consenting RBL Lenders holding at least 50.01% of the aggregate outstanding principal amount of RBL Loans that are held by all Consenting RBL Lenders.
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Required Consenting RBL Lenders means, at any given time of determination, the Consenting RBL Lenders who hold, in the aggregate, more than 50 percent in principal amount outstanding of all RBL Facility Claims held by the Consenting RBL Lenders or their transferees pursuant to a valid transfer under the RSA.
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Examples of Required Consenting RBL Lenders in a sentence

  • Subject to the limitations contained in the Plan, and subject to the terms of the RSA and with the consent of the Required Consenting Noteholders and the Required Consenting RBL Lenders, and the RBL Agent (to the extent such modification directly and adversely affects its rights hereunder), the Debtors reserve the right to modify the Plan and seek Confirmation consistent with the Bankruptcy Code and the Bankruptcy Rules and, as appropriate, not resolicit votes on such modified Plan.

  • The New Board will consist of managers selected by the Required Consenting RBL Lenders.

  • This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual agreement by and among VNR, on behalf of itself and each other Debtor, the Required Consenting Senior Note Holders and the Required Consenting RBL Lenders.

  • Reorganized Parent shall use its commercially reasonable efforts to list the New Equity Interests for trading on a national securities exchange or over-the-counter securities market, reasonably acceptable to the Debtors and the Required Consenting Noteholders and the Required Consenting RBL Lenders with such listing to be effective as soon as practicable after the Effective Date.

  • This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual written agreement among all of the following: (a) each Company Party; (b) the Required Consenting RBL Lenders; (c) the Required Consenting Second Lien Noteholders; and (d) the Required Consenting Convertible Noteholders.

  • The Debtors reserve the right (with the consent of the (i) Prepetition RBL Agent (acting at the direction of the Required Consenting RBL Lenders) and (ii) Required Consenting Noteholders (in each case, such consent not to be unreasonably withheld or delayed)), at any time prior to the Effective Date, except as otherwise specifically provided herein, to seek to reject any Executory Contract or Unexpired Lease and to file a motion requesting authorization for the rejection of any such contract or lease.

  • The respective organizational documents of each of the Debtors shall be amended and restated or replaced (as applicable) in form and substance reasonably acceptable to the Debtors, the Required Consenting RBL Lenders, and the Required Consenting Noteholders and as necessary to satisfy the provisions of this Plan and the Bankruptcy Code.

  • Notwithstanding the above, a specific Milestone may be extended or waived with the express prior written consent of the Debtors, the Required Consenting Senior Note Holders, and the RBL Agent on behalf of the Required Consenting RBL Lenders; provided that the Milestone set forth in section (h) may not be extended beyond 185 days from the Petition Date without the additional consent of the Required Consenting Second Lien Note Holders.

  • Intercreditor arrangements in form and substance acceptable to the Amended RBL Credit Facility Agent, the Required Consenting RBL Lenders, the Debtors and the Required Consenting Noteholders shall be incorporated into the Amended RBL Credit Agreement or a separate intercreditor agreement as such parties may determine.

  • The conditions to Confirmation and Consummation set forth in this Article IX may be waived by the Debtors, with the reasonable consent of the Required Consenting RBL Lenders, Required Consenting Senior Noteholders, and the Requisite Commitment Parties, and in consultation with the Creditors’ Committee, without notice, leave, or order of the Bankruptcy Court or any formal action other than proceedings to confirm or consummate the Plan.


More Definitions of Required Consenting RBL Lenders

Required Consenting RBL Lenders means the Consenting RBL Lenders (as such term is defined in the RSA) holding at least sixty-six and two-thirds percent (66.66%) of the Consenting RBL Facility Claims (as such term is defined in the RSA).
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Required Consenting RBL Lenders means, as of the relevant date, Consenting RBL Lenders holding at least 50.01% of the aggregate outstanding principal amount of the OpCo RBL Claims that are held by the Consenting RBL Lenders.
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Required Consenting RBL Lenders means, as of any time of determination, Consenting RBL Lenders holding at least 50.01% of the aggregate outstanding principal amount of RBL Loans that are held by all Consenting RBL Lenders.
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Required Consenting RBL Lenders means (i) the Initial Consenting RBL Lenders plus(ii) the holders of at least a majority in principal amount of the RBL Loan Claims held by all Consenting RBL Lenders (which may be the Initial Consenting RBL Lenders).
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Required Consenting RBL Lenders has the meaning set forth in the Restructuring Support Agreement.
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Related to Required Consenting RBL Lenders

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Non-Consenting Lenders has the meaning specified in Section 3.07(d).

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Required Term A Lenders means, as of any date of determination, Term A Lenders holding more than 50% of the Term A Facility on such date; provided that the portion of the Term A Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term A Lenders.

  • Required Consent has the meaning set forth in Section 4.4.

  • Existing Lenders as defined in the recitals hereto.

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Required Term Lenders means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.

  • Lender Consent means any lender consent delivered by a Lender on the Closing Date in the form of Exhibit 4.1(a).

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Required Term B Lenders means, as of any date of determination, Term B Lenders holding more than 50% of the Term B Facility on such date; provided that the portion of the Term B Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term B Lenders.

  • Non-Consenting Lender means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders.

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • DIP Lender means a lender under the DIP Facility.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.