Required Secured Noteholders definition

Required Secured Noteholders means Supporting Stakeholders holding, in the aggregate, more than two-thirds of the aggregate outstanding principal amount of Existing Secured Note Claims held by all Supporting Stakeholders at such time; and (C) the “Required Convertible Noteholders” shall mean Supporting Stakeholders holding, in the aggregate, more than two-thirds of the aggregate outstanding principal amount of Existing Convertible Note Claims held by all Supporting Stakeholders at such time.
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Required Secured Noteholders means, as of the date of determination, Holdersof at least 66-2/3% of the principal amount of the ROC Secured Note Claims that are signatory to the Restructuring Support Agreement as of such date.
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Required Secured Noteholders means Secured Noteholders holding Secured Notes having an aggregate principal amount of at least 67% of the Secured Notes held by all of the Secured Noteholders in the aggregate.
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Examples of Required Secured Noteholders in a sentence

  • Any waiver of any condition, term or provision to this Agreement must be in writing signed by the Company, the Required Supporting Stakeholders, the Required Secured Noteholders and/or the Required Convertible Noteholders, as applicable.

  • This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual agreement among the Required Revolving Credit Agreement Lenders, the Required Secured Noteholders, Tema, and each of the Company Parties.

  • This Agreement, including the Restructuring Term Sheet, may not be modified, amended, restated, or supplemented in any manner except in writing signed by all of: (a) the Required Revolving Credit Agreement Lenders; (b) the Required Secured Noteholders; (c) Tema; and (d) each of the Company Parties; provided, however, that this Section 10 shall not be amended without the consent of each Consenting Creditor.

  • Management: Other than pursuant to the KERP, the Company shall not pay any bonuses of any kind to members of executive management of the Company prior to or during the Chapter 11 Cases, unless otherwise agreed to in advance in writing by the Required Secured Noteholders.

  • Once effective, this Restructuring Agreement (including the Term Sheet) may not be modified, amended or supplemented except in writing signed by the Company and the Required Secured Noteholders; provided however, that any modification or amendment of this Section 11 shall require the written consent of all of the parties hereto.

  • Any debt incurred for capital expenditures prior to the Effective Date shall be in amounts and on terms mutually acceptable to the Company and the Required Secured Noteholders.

  • Each Budget delivered pursuant to this paragraph shall be approved by, and in form and substance reasonably satisfactory to, the Required Secured Noteholders and the Required Term Loan Lenders (it being acknowledged and agreed that the Budget attached hereto as Schedule 1 is approved and satisfactory for such purpose).

  • On the Effective Date, the Revolving Credit Agreement will be amended, restated and/or replaced or otherwise modified on the terms set forth as Exhibit 2 (the “RBL Term Sheet”) hereto and such other terms mutually agreed in good faith among ROC and the Consenting Revolving Credit Agreement Lenders (subject to the consent of the Required Secured Noteholders).

  • The Company shall seek, as part of its first day motions and applications, an order: (a) authorizing the use of cash collateral, pursuant to section 363 of the Bankruptcy Code, through the earlier of (i) January 31, 2005, or (ii) the Effective Date; and (b) granting adequate protection for the Secured Notes, in each case in form and substance satisfactory to the Required Secured Noteholders.

  • It shall be a condition precedent to the effectiveness of the Plan that the aggregate amount of general unsecured claims (including “convenience class” claims described below, but excluding the deficiency claims of the holders of the Secured Notes) entitled to distributions under the Plan shall not exceed an aggregate amount of $25,000,000 (or such other amount that is agreed upon by the Company and the Required Secured Noteholders).


More Definitions of Required Secured Noteholders

Required Secured Noteholders means, at any time, the holders of a majority in aggregate principal amount of the First Lien Notes as modified by Section 9.02(g); provided that, with respect to each Series of First Lien Notes, the holders of a majority in aggregate principal amount of First Lien Notes in such Series shall be deemed to vote the full outstanding principal amount of such Series.
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Required Secured Noteholders has the meaning set forth in Section 9.01 hereof.
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Required Secured Noteholders. Has the meaning set forth in the RSA.
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Related to Required Secured Noteholders

  • Required Noteholders means Holders of Outstanding Notes evidencing more than 66 2/3% of the principal balance of the most senior Class of Notes Outstanding.

  • Senior Noteholders means the holders of the Senior Notes.

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • Requisite Noteholders Holders of Notes evidencing not less than a majority of the Outstanding Amount of the Controlling Class.

  • Senior Noteholder means the Holder of any Senior Note.

  • Requesting Noteholders shall have the meaning ascribed thereto in Section 12.01 of the Indenture.

  • Required Secured Parties has the meaning given to it in the Intercreditor Agreement.

  • Initial Noteholders shall have the meaning assigned to such term in the recitals.

  • Lead Securitization Noteholder means the holder of the Lead Securitization Note.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • 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.

  • Class E Noteholder means the Person in whose name a Class E Note is registered on the Note Register.

  • Non-Lead Securitization Noteholder herein shall mean the Non-Lead Securitization Subordinate Class Representative under the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer) has been given written notice. The Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Lead Securitization Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing Agreement shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”); provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for all purposes of this Agreement. Prior to Securitization of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead Securitization Noteholder Representative, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement. Following Securitization of any Non-Lead Securitization Notes by the Non-Lead Securitization Noteholder, all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may forward such items to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement.

  • Class D Noteholders means the holders of any Class D Notes from time to time.

  • Consenting Noteholders has the meaning set forth in the preamble to this Agreement.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Senior Secured Notes Trustee means U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee under the Senior Secured Notes Indenture.

  • Noteholders means the holders of the Notes.

  • Class B Noteholders Distribution Amount” means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Non-Lead Securitization Noteholder Representative shall have the meaning assigned to such term in the definition of “Non-Lead Securitization Noteholder”.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Controlling Noteholder means as of any date of determination the holder or holders of a majority of the Lead Securitization Note. At any time the Lead Securitization Note is the Controlling Noteholder and is included in the Lead Securitization, references to the “Controlling Noteholder” herein shall mean the holders of the majority of the class of securities issued in the Lead Securitization designated as the “controlling class” (or such lesser amount as permitted under the terms of the Servicing Agreement) or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided in the Servicing Agreement.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • A-2 Noteholders means the holders of record of the A-2 Notes.