Requisite Consenting First Lien Lenders definition

Requisite Consenting First Lien Lenders means the Consenting First Lien Lenders holding in excess of 50% of the First Lien Claims held by the Consenting First Lien Lenders as of the date such calculation is required under the Restructuring Support Agreement.
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Requisite Consenting First Lien Lenders means, as of the date of determination, Consenting First Lien Lenders holding at least a majority in aggregate principal amount outstanding of all First Lien Claims held by the Consenting First Lien Lenders as of such date.
Sample 1
Requisite Consenting First Lien Lenders means, as of the relevant date, Consenting First Lien Lenders who collectively hold at least 50.1% of the Prepetition First Lien Claims held by all Consenting First Lien Lenders.
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Examples of Requisite Consenting First Lien Lenders in a sentence

  • The Debtors, with the prior written consent of the Requisite Backstop Parties and the Requisite Consenting First Lien Lenders, may waive any of the conditions to the Effective Date set forth in Section 9.1 of the Plan (except for Section 9.1(d) thereof) at any time without any notice to any other parties in interest and without any further notice to or action, order, or approval of the Bankruptcy Court, and without any formal action other than proceeding to confirm or consummate the Plan.

  • A number of new international standards, amendments to standards and interpretations are effective for periods beginning after January 01, 2019.

  • On the Effective Date, the Reorganized Debtors will enter into the Exit Facility, the terms of which will be set forth in the Exit Facility Documents, which shall be in form and substance acceptable to the Debtors and the Required Lenders and reasonably acceptable to the Requisite Consenting First Lien Lenders.

  • Each Allowed Intercompany Interest shall be canceled as of the Effective Date or, at the Debtors' or the Reorganized Debtors' option, with the consent of the Requisite Consenting First Lien Lenders and Requisite Backstop Parties, shall be Reinstated or compromised.Reinstated.

  • Except as otherwise provided herein or agreed to by the Debtors, the Requisite Consenting First Lien Lenders, and the applicable counterparty, each assumed Executory Contract or Unexpired Lease shall include all modifications, amendments, supplements, restatements, or other agreements related thereto, and all rights related thereto, if any, including all easements, licenses, permits, rights, privileges, immunities, options, rights of first refusal, and any other interests.

  • Each Allowed Intercompany Claim shall be canceled as of the Effective Date or, at the Debtors' or the Reorganized Debtors' option, with the consent of the Requisite Consenting First Lien Lenders and Requisite Backstop Parties, shall be Reinstated or compromised; provided, that the treatment of the Allowed Intercompany Claims shall be effectuated in a tax efficient manner.

  • Each Allowed Intercompany Interest shall be canceled as of the Effective Date or, at the Debtors’ or the Reorganized Debtors’ option, with the consent of the Requisite Consenting First Lien Lenders and Requisite Backstop Parties, shall be Reinstated or compromised.

  • Any allowed Other Secured Claims that become due during the Chapter 11 Cases shall be paid in the ordinary course of business as and when such allowed Other Secured Claim comes due, subject to a budget to be agreed between the Company and the Requisite Consenting First Lien Lenders.

  • The Debtors, with the prior written consent of the Requisite Backstop Parties and the Requisite Consenting First Lien Lenders, may waive any of the conditions to the Effective Date set forth in Section 9.1 of this Plan (except for Section 9.1(d)) at any time without any notice to any other parties in interest and without any further notice to or action, order, or approval of the Bankruptcy Court, and without any formal action other than proceeding to confirm or consummate the Plan.

  • The terms of the Exit Facility will be set forth in the Exit Facility Documents, which will be in form and substance acceptable to the Debtors and the Required Lenders and reasonably acceptable to the Requisite Consenting First Lien Lenders.


More Definitions of Requisite Consenting First Lien Lenders

Requisite Consenting First Lien Lenders means, as of any date of determination, the Consenting First Lien Lenders (other than the Specified Backstop Parties (as defined in the Restructuring Support Agreement))) who own or control as of such date at least a majority of the aggregate principal amount of all First Lien Lender Claims owned or controlled by all of the Consenting First Lien Lenders (other than the Specified Backstop Parties) as of such date.
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Related to Requisite Consenting First Lien Lenders

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

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

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

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • 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.

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

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

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

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

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

  • Supermajority Lenders of any Tranche shall mean those Non-Defaulting Lenders which would constitute the Required Lenders under, and as defined in, this Agreement if (x) all outstanding Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with respect thereto were terminated and (y) the percentage “50%” contained therein were changed to “66-2/3%.”

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • 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.

  • Requisite Class Lenders means, at any time of determination (i) for the Class of Lenders having Revolving Loan Exposure, Lenders having or holding more than 50% of the aggregate Revolving Loan Exposure of all Lenders, and (ii) for the Class of Lenders having Term Loan Exposure, Lenders having or holding more than 50% of the aggregate Term Loan Exposure of all Lenders.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • 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.

  • DIP Lender means a lender under the DIP Facility.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • 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.

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

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

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.