Requisite Consenting Bank Creditors definition

Requisite Consenting Bank Creditors means, as of any time of determination, the Consenting Bank Creditors holding greater than two-thirds of the aggregate amount of all First Lien Bank Claims held at such time by all of the Consenting Bank Creditors; provided that any First Lien Bank Claims held by any of the Caesars Parties and/or their respective Affiliates shall not be included in either the numerator or the denominator of the foregoing calculation.
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Requisite Consenting Bank Creditors shall have the meaning set forth in the Bank RSA.
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Examples of Requisite Consenting Bank Creditors in a sentence

  • Any modifications to the New CEC Common Equity Buyback that adversely impacts CEOC’s or CEC’s ability to provide the treatment of, and the identical economic recoveries available to, the Holders of Secured First Lien Notes Claims or Prepetition Credit Agreement Claims require the consent of the Requisite Consenting Bond Creditors or the Requisite Consenting Bank Creditors, respectively.

  • The modified documents shall be in form and substance reasonably satisfactory to the Debtors, CEC, the Requisite Consenting Bond Creditors, the Requisite Consenting Bank Creditors, the Second Priority Noteholders Committee, and the Unsecured Creditors Committee.

  • Notwithstanding anything to the contrary in the Plan, the Debtors or the Reorganized Debtors, as applicable, reserve the right to alter, amend, modify, or supplement the Rejected Executory Contract and Unexpired Lease Schedule at any time up to and on the Effective Date, with the reasonable consent of the Requisite Consenting Bank Creditors, the Requisite Consenting Bond Creditors, the Second Priority Noteholders Committee, and the Unsecured Creditors Committee.

  • If the Effective Date has not occurred by the forty-fifth (45th) calendar day following the Election Expiration Date (which date may be extended by the Debtors with the consent of the Requisite Consenting Bank Creditors), Holders of Allowed Prepetition Credit Agreement Claims may transfer their Allowed Prepetition Credit Agreement Claims, which will have the effect of cancelling all Election Rights exercised with respect to such transferred Allowed Prepetition Credit Agreement Claims.

  • After the Election Expiration Date but prior to the date that is forty-five (45) calendar days following the Election Expiration Date (which date may be extended by the Debtors with the consent of the Requisite Consenting Bank Creditors), no First Lien Bank Election Form may be withdrawn or modified without the prior written consent of the Debtors or an order of the Bankruptcy Court.

  • Subject to the terms and conditions hereof, for the duration of the Restructuring Support Period, CEC (except with the prior written consent of the Requisite Consenting Bank Creditors) shall not, directly or indirectly through any of its non-Debtor subsidiaries take any actions outside the ordinary course of business that would have a material adverse effect on Consenting Bank Creditors’ recoveries under the Plans or the contributions to be provided to the Debtors under the Plans.

  • This Agreement shall only become effective and enforceable against the parties hereto on the date that this Agreement shall have been executed by (i) (A) the Caesars Parties, (B) LS3, and (C) LS5, and (ii) the Requisite Consenting Bank Creditors (such date, the “Agreement Effective Date”).

  • This condition can be waived only by the Requisite Consenting Bank Creditors.

  • The Debtors reserve the right to extend the Election Expiration Date, modify these Election Procedures, or adopt additional detailed procedures if necessary, in the Debtors’ business judgment and with the consent of the Requisite Consenting Bank Creditors and the Requisite Consenting Bond Creditors, to more efficiently administer the distribution and exercise of the Election Rights or comply with applicable law.

  • After receipt of the material terms of such Alternative Proposal, the Requisite Consenting Bank Creditors shall have three (3) Business Days after notice by such Caesars Party to propose changes to the terms of this Agreement, including the Transaction Term Sheets and any exhibits thereto.

Related to Requisite Consenting Bank Creditors

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

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

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

  • Non-Consenting Bank means any Bank that does not approve any consent, waiver or amendment that (a) requires the approval of each Bank or each affected Banks in accordance with the terms of Section 10.05 and (b) has been approved by the Required Banks.

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

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

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

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

  • 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.

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

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • DIP Lender means a lender under the DIP Facility.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Supermajority Lenders means, at any time, Lenders having or holding more than 66 2/3% of the aggregate Revolving Loan Exposure of all Lenders; provided, that (i) the Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the Supermajority Lenders, and (ii) at any time there are two or more Lenders (who are not Affiliates of one another), “Supermajority Lenders” must include at least two Lenders (who are not Affiliates of one another or Defaulting Lenders).

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

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

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

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • Continuing Lenders as defined in the recitals hereto.

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

  • Existing Lenders as defined in the recitals hereto.