Required Second Lien Creditors definition

Required Second Lien Creditors means the holders of at least a majority of the then outstanding principal amount of all Senior Secured Notes.
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Required Second Lien Creditors means Consenting Creditors holding at least 50.1% by principal amount outstanding of the Second Lien Note Claims held by the Consenting Creditors.
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Required Second Lien Creditors means the “Required Second-Lien Lenders” under, and as defined in, the Credit Agreement.
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Examples of Required Second Lien Creditors in a sentence

  • The New Organizational Documents for Reorganized SandRidge and any of its subsidiaries shall be in form and substance reasonably acceptable to SandRidge and the Required Second Lien Creditors; provided that the Debtors and the Consenting Second Lien Creditors shall reasonably consult with the Consenting Unsecured Creditors regarding minority protections in the New Organizational Documents.

  • The New Board of Reorganized SandRidge will be composed of five members as of the Effective Date as follows: (a) one will be Reorganized SandRidge’s chief executive officer; and (b) four will be nominated by the Required Second Lien Creditors; provided, however, that, if any one New Equity Party funds or backstops $100 million or more of the Rights Offering, an additional member will be added to the New Board of Reorganized SandRidge nominated by such New Equity Party.

  • From time to time, such other information, documents, or reports regarding the Vehicles or the financial position, the results of operations or business of the Lessee as the Lessor, the Master Collateral Agent or the Trustee may from time to time reasonably request in order to protect the interests of the Lessor, the Master Collateral Agent or the Trustee under or as contemplated by this Agreement or any other Related Document.

  • Corporate Governance Corporate governance for Reorganized XxxxXxxxx or any of its subsidiaries, including charters, bylaws, operating agreements, or other organization or formation documents, as applicable, shall be consistent with section 1123(a)(6) of the Bankruptcy Code, as applicable, and in form and substance reasonably acceptable to the Debtors and the Required Second Lien Creditors.

  • Required Second Lien Creditors As defined in the Restructuring Support Agreement.

  • The Reorganized XxxxXxxxx Board will be composed of five members as of the Effective Date as follows: (a) one will be Reorganized XxxxXxxxx’x chief executive officer; and (b) four will be nominated by the Required Second Lien Creditors; provided, however, that, if any one New Equity Party funds or backstops $100 million or more of the Rights Offering, an additional member will be added to the Reorganized XxxxXxxxx Board nominated by such New Equity Party.


More Definitions of Required Second Lien Creditors

Required Second Lien Creditors means (i) at all times prior to the occurrence of the Discharge of Second-Lien Lender Obligations, the Required Second-Lien Lenders (or, to the extent required by the Credit Agreement, the Second-Lien Lenders so required thereby) and (ii) at all times after the Discharge of the Second-Lien Lender Obligations, the Existing Senior Notes Trustee acting at the direction of Existing Senior Notes Holders holding at least a majority of the aggregate principal amount of Existing Senior Notes Obligations outstanding from time to time.
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Required Second Lien Creditors means each Creditor Representative acting on behalf of the Second Lien Creditors for which it is the Creditor Representative.
Sample 1
Required Second Lien Creditors means the Second-Lien Lenders holding at least a majority (or, for purposes of Section 9.3 hereof, at least two-thirds) in principal amount of the Second-Lien Obligations then outstanding (or, to the extent required by the Second-Lien Credit Agreement or the Second-Lien Exchange Indenture, each of the Second-Lien Lenders).
Sample 1
Required Second Lien Creditors means the holders of not less than a majority in aggregate principal amount of the Second-Lien Notes at the time outstanding (as determined in accordance with the Second-Lien Note Indenture).
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Related to Required Second Lien Creditors

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Original Closing Date, among Holdings, the Borrower, as borrower, the lenders party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent, as such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

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

  • Second Lien Secured Parties means, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Second Lien Collateral Agent means the “Collateral Agent” as defined in the Second Lien Credit Agreement.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);