Requisite Consenting Lenders definition

Requisite Consenting Lenders means, at any relevant time, the Consenting Lenders holding at least a majority in principal amount of the Secured Credit Facility Claims held by such Consenting Lenders; and (4) the term “Requisite Consenting Equityholders” means, at any relevant time, the Consenting Equityholders holding at least a majority of the common stock in Xxxxxxx held by such Consenting Equityholders (each of the foregoing described in clauses (1) through (4), together with Honeywell, Oaktree, and Centerbridge, collectively, the “Requisite Commitment Parties”).
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Requisite Consenting Lenders means, as of the date of determination, Consenting Lenders holding at least a majority of the aggregate principal amount of the Unsecured Indebtedness held by all Consenting Lenders.
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Requisite Consenting Lenders means, as of the date of determination, (i) Consenting Lenders holding at least 50.1% of the outstanding principal amount of the First Lien Credit Agreement Claims held by the Consenting Lenders as of such date and (ii) Commitment Parties holding at least 66.67% of the First Lien Credit Agreement Claims held by the Commitment Parties.
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Examples of Requisite Consenting Lenders in a sentence

  • On the Effective Date, Reorganized Holdings and the Requisite Consenting Lenders shall enter into and deliver the Shareholders Agreement to each Entity that is intended to be a party thereto and such Shareholders Agreement shall be deemed to be valid, binding, and enforceable in accordance with its terms, and each Holder of New Equity shall be bound thereby, in each case without the need for execution by any party thereto other than Reorganized Holdings.

  • The initial directors and officers of the Reorganized Holdings shall be selected by the Requisite Consenting Lenders.

  • An up to $305 million senior secured asset-based revolving credit facility, on terms at least as favorable to the Debtors and the lenders under the New First Lien Term Loan Facility as the Prepetition ABL Facility, as determined by the Requisite Consenting Lenders (as defined herein) in their reasonable discretion.

  • Shareholders AgreementsOn the Effective Date, Holders of New Equity shall be parties to a Shareholders Agreement, in substantially the form included in the Plan Supplement, and which shall otherwise be satisfactory to the Requisite Consenting Lenders.

  • Any such payments shall be made pursuant to orders reasonably acceptable to the Requisite Consenting Lenders.


More Definitions of Requisite Consenting Lenders

Requisite Consenting Lenders means, as of any date of determination, the Consenting Lenders who own or control as of such date at least (i) a majority of the aggregate principal amount of the Prepetition Priming Facility Loans owned or controlled by all of the Consenting Lenders as of such date and (ii) a majority of the aggregate principal amount of the Prepetition Syndicated Facility Loans owned or controlled by all of the Consenting Lenders as of such date.
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Requisite Consenting Lenders means, at any relevant time, the Consenting Lenders holding at least a majority in principal amount of the Secured Credit Facility Claims held by such Consenting Lenders, excluding the Secured Credit Facility Claims held by the Plan Sponsors or the Additional Investors; and (4) the term “Requisite Consenting Equityholders” means, at any relevant time, the Consenting Equityholders holding at least a majority of the common stock in Xxxxxxx held by such Consenting Equityholders (each of the foregoing described in clauses (1) through (4), together with Honeywell, Oaktree, and Centerbridge, collectively, the “Requisite Commitment Parties”).
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Requisite Consenting Lenders means, as of the date of determination, Consenting Lenders holding at least a majority of the aggregate principal amount outstanding of the Loans held by all Consenting Lenders.
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Requisite Consenting Lenders means, collectively, the Requisite Consenting First Lien Lenders and the Requisite Consenting Second Lien Lenders.
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Requisite Consenting Lenders means, as of the relevant date, Consenting Lenders that collectively hold at least a majority of the aggregate outstanding principal amount of the First Lien Claims held by all of the Consenting Lenders as of such date.
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Requisite Consenting Lenders means, as of any date of determination, Consenting Lenders holding at least 66% of the outstanding principal amount of the First Lien Loans held by the Consenting Lenders in the aggregate as of such date.
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Requisite Consenting Lenders means, at any applicable time of determination, lenders under the Prepetition Credit Agreement that signed the Transaction Support Agreement [Docket No. 21] (the “TSA”) (attached to the First Day Declaration) (the “Consenting Lenders”) holding at least a majority of the aggregate outstanding principal amount held by all of the Consenting Lenders of (i) the Revolving Credit Exposure (as defined in the Prepetition Credit Agreement), (ii) the Term A Loan (as defined in the Prepetition Credit Agreement) and (iii) the Term B Loan (as defined in the Prepetition Credit Agreement), taken together.
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