Requisite Commitment Parties means the Senior Commitment Parties holding at least two-thirds of the aggregate Rights Offering Backstop Commitments as of the date on which the consent or approval of such members is solicited.
Requisite Commitment Parties means the Commitment Parties holding at least a majority of the aggregate Backstop Commitment Percentages as of the date on which the consent or approval is solicited; provided, however, the votes and commitments of any Defaulting Commitment Party shall be excluded from the calculation of Backstop Commitment Percentages for purposes of this definition.
Requisite Commitment Parties means the Required Consenting Stakeholders (as defined in the RSA).
Examples of Requisite Commitment Parties in a sentence
This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Closing Date by mutual written consent of the Company and the Requisite Commitment Parties.
Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned by any Party (whether by operation of Law or otherwise) without the prior written consent of the Company and the Requisite Commitment Parties, other than an assignment by a Commitment Party expressly permitted by Section 2.3 or Section 2.6 and any purported assignment in violation of this Section 10.2 shall be void ab initio.
The Bankruptcy Court shall have entered the Confirmation Order in form and substance reasonably satisfactory to the Requisite Commitment Parties, and such Order shall be a Final Order.
The Subscription Expiration Deadline may be extended with the consent of the Requisite Commitment Parties, or as required by law.
The Plan shall be in form and substance reasonably acceptable to the Company Parties and the Requisite Commitment Parties.
More Definitions of Requisite Commitment Parties
Requisite Commitment Parties means, as of the date of determination, First Lien Exit Facility Commitment Parties who have committed to provide a majority of the aggregate principal amount of the term loans pursuant to the First Lien Exit Facility.
Requisite Commitment Parties means (a) HoldCo Noteholder Commitment Parties holding at least sixty-six and two-thirds percent (66-2/3%) of all outstanding HoldCo Noteholders Backstop Commitments at the time of the relevant determination and (b) HoldCo Equityholders Commitment Parties holding at least sixty-six and two-thirds percent (66-2/3%) of all outstanding HoldCo Equityholders Backstop Commitments at the time of the relevant determination, in the case of each of (a) and (b), voting as a separate class.
Requisite Commitment Parties means the Commitment Parties holding at least sixty-six and two-thirds percent (66 2/3%) of the aggregate New Notes Offering Backstop Commitments as of the date on which the consent or approval of the Requisite Commitment Parties is solicited.
Requisite Commitment Parties means Commitment Parties holding Commitments constituting at least sixty-six and two-thirds percent (66-2/3%) of the Aggregate Commitment at the time of the relevant determination.
Requisite Commitment Parties means Commitment Parties holding at least 50.1% of the aggregate Backstop Commitments.
Requisite Commitment Parties means the “Required Backstop Parties” (as defined in the Restructuring Support Agreement).
Requisite Commitment Parties means Commitment Parties holding at least 50.1% of the aggregate Backstop Commitments. Customary transferability restrictions will apply with respect to the Backstop Commitments. The Company and the Debtors will make customary representations and warranties and covenants (including interim operating covenants) to the Commitment Parties and will reimburse the reasonable, documented, out-of-pocket expenses of the Commitment Parties (the “Expense Reimbursement”). Consummation of the transactions contemplated above will be subject to agreed-upon documentation and subject to customary conditions precedent. The Commitment Parties’ and the Debtors’ obligations will, in each case, be terminable upon the occurrence of certain events or the continuation of certain conditions to be reasonably agreed upon between the Debtors and the Requisite Commitment Parties. Exhibit C Transfer Agreement The undersigned (“Transferee”) (a) hereby acknowledges that it has read and understands the Restructuring Support Agreement, dated as of , 2020 (as it may be amended, restated, amended and restated, modified and/or otherwise supplemented from time to time, the “Agreement”),1 by and among the Company and each of the Consenting Creditors party thereto, (b) desires to acquire the Claims described below (the “Transferred Claims”) from one of the Consenting Creditors (the “Transferor”) and (c) hereby irrevocably agrees to be bound by the terms and conditions of the Agreement to the same extent Transferor was thereby bound with respect to the Transferred Claims, and shall be deemed a Consenting Creditor for all purposes under the Agreement. The Transferee hereby specifically and irrevocably agrees (i) to be bound by the terms and conditions of the Agreement, (ii) to be bound by the vote of the Transferor if cast prior to the effectiveness of the transfer of the Transferred Claims, except as otherwise provided in the Agreement, and (iii) that each of the Parties shall be an express third-party beneficiary of this Provision for Transfer Agreement and shall have the same recourse against the Transferee as such Party would have had against the Transferor with respect to the Transferred Claims under the Agreement. By: Name: Title: Principal amount of Term Loan Claims: $ Principal amount of Revolving Credit Facility Claims: $ Principal amount of Senior Notes: $ Principal amount of DIP Claims: $ Principal amount of other Claims against the Company (describe below): $ Notice Address: