Requisite First Lien Creditors definition
Examples of Requisite First Lien Creditors in a sentence
Amortization: To be determined, but acceptable to the Company and the Requisite First Lien Creditors.
Interest Rate: To be determined, but acceptable to the Company and the Requisite First Lien Creditors.
Takeback Debt The Takeback Debt under the Amended Plan may be issued on a second priority or “last out” basis with respect to the Syndicated Debt and shall be on terms acceptable to the Requisite First Lien Creditors and the Debtors with such terms to be set forth in the Plan Supplement; provided that to the extent necessary, any such Takeback Debt shall subject to one or more intercreditor agreements reasonably acceptable to the Debtors and the Requisite First Lien Creditors.
Definitive Agreement • The agreements and undertakings set forth herein shall be subject to completion of a definitive agreement materially consistent with this Term Sheet and otherwise reasonably acceptable to Executive, the Company and Requisite First Lien Creditors as defined in the Plan Support Agreement to which this Term Sheet is attached (the “Definitive Agreement”).
Notwithstanding the foregoing, Prepetition Debtor Intercompany Claims and Subsidiary Claims may be deemed settled, cancelled, extinguished, Reinstated or otherwise Unimpaired, in whole or in part, as of the Effective Date, in each case, at the discretion of the Debtors, with the consent of the Requisite First Lien Creditors, or Reorganized Debtors.
In making any determination as to whether the direction or consent of the Requisite First Lien Creditors or the Requisite Second Lien Creditors has been obtained for any purpose of this Agreement, the First Lien Agent and the Second Lien Agent may conclusively rely on a certificate of each First Lien Series Representative and Second Lien Series Representative, as applicable.
If, because of the Site Manager's failure to comply, any Tenant Certification is not received when due at its designated USDA-RD District Office, the Site Manager may be held financially responsible for any penalties the property may incur from USDA-RD.
The remaining initial directors shall be selected by the Requisite First Lien Creditors, and the composition of the Board shall satisfy SEC and NYSE/NASDAQ board/committee independence rules.
The Bankruptcy Court shall have entered the Confirmation Order, in form and substance materially consistent with the Plan and otherwise reasonably acceptable to the Debtors and the Requisite First Lien Creditors and such Confirmation Order shall be a Final Order; 2.
Administration The Warrants will be issued in book-entry form through DTC and administered by an agent agreed by the Company, the Requisite First Lien Creditors and the Requisite Crossover Creditors (the “Warrant Agent”).