Requisite Consenting Creditors definition

Requisite Consenting Creditors means, as of any time of determination, the Consenting Creditors holding greater than two-thirds of the aggregate amount of all First Lien Bond Claims held at such time by all of the Consenting Creditors; provided that any First Lien Bond Claims held by any of the Caesars Parties and/or their respective Affiliates shall not be included in the foregoing calculation.

Requisite Consenting Creditors means the Requisite April Convertible Noteholders and the Requisite August Convertible Noteholders.

Requisite Consenting Creditors means, as of any time of determination, the Consenting Creditors holding greater than two-thirds of the aggregate amount of all First Xxxx Xxxx Claims held at such time by all of the Consenting Creditors; provided that any First Xxxx Xxxx Claims held by any of the Caesars Parties and/or their respective Affiliates shall not be included in the foregoing calculation.

Examples of Requisite Consenting Creditors in a sentence

• This Agreement may be terminated by mutual agreement among (a) the Caesars Parties, and (b) the Requisite Consenting Creditors.

• The Company shall keep the Consenting Creditors informed of any amendments, modifications or developments with respect to such Alternative Proposal and any material information related to such Alternative Proposal, and, to the extent an Alternative Proposal is amended in any material respect, the Requisite Consenting Creditors shall have three (3) Business Days from any such amendment to propose changes to the terms of this Agreement.

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

• After the Effective Date, the Reorganized Debtors shall be authorized, but not directed, to submit an order to the Bankruptcy Court under certification of counsel that is in form and substance reasonably acceptable to the U.S. Trustee, the Reorganized Debtors, and the Requisite Consenting Creditors (subject to the parties’ rights and obligations under the RSA) that closes and issues a final decree for each of the Chapter 11 Cases.

• On the Effective Date, or as soon as practicable thereafter, all Intercompany Claims shall be adjusted, Reinstated, or discharged (each without any distribution) to the extent reasonably determined to be appropriate by the Debtors or Reorganized Debtors, as applicable, with the consent of the Requisite Consenting Creditors (subject to the parties’ rights and obligations under the RSA).

More Definitions of Requisite Consenting Creditors

Requisite Consenting Creditors means (a) all members of the Ad Hoc Committee that are Consenting Creditors, (b) Holder B and (c) Holder A, unless, in the case of Holder B and Holder A, it has terminated its obligations under this Agreement pursuant to Section 5 hereof.

Requisite Consenting Creditors means, collectively, the Consenting Bondholders and the DIP Lenders.

Requisite Consenting Creditors means, as of any date of determination, the Consenting Creditors who own or control as of such date at least a majority of the aggregate principal amount of the First Lien Notes owned or controlled by all of the members of the Ad Hoc Committee in the aggregate as of such date.

Requisite Consenting Creditors means, as of any time of determination, a group of creditors that includes the Requisite Consenting Priority Guaranteed Noteholders and the Requisite Consenting Legacy Noteholders.

Requisite Consenting Creditors means, as of the date of determination, three non- affiliated Consenting Creditors who hold a majority of the aggregate principal amount outstanding of the DIP Loans held by all Consenting Creditors.

Requisite Consenting Creditors means, as of the date of determination, Consenting Creditors holding at least a majority in aggregate principal amount outstanding of the Prepetition Secured Loans held by all Consenting Creditors as of such date, which shall include each of both Brigade Capital Management and Special Situations Investing Group for so long as such institutions and/or their affiliates are Consenting Creditors.

Requisite Consenting Creditors means the Requisite Consenting Bank Creditors and Requisite Consenting Bond Creditors.