Restructuring Term Sheets definition
Examples of Restructuring Term Sheets in a sentence
The Debtors, the members of the “ad-hoc committee of holders of Senior Subordinated Notes” and the members of the Prepetition Steering Committee shall have agreed the form and content of the Restructuring Term Sheets, which shall be in form and substance reasonably satisfactory to the Instructing Group and the Last Out Requisite Lenders.
For the avoidance of doubt, if any Party shall cease to be a Party to this Agreement in accordance with its terms, such Party’s consent will not be required to modify, amend or supplement this Agreement, including the Restructuring Term Sheets, nor to waive any provision of this Agreement, including the Restructuring Term Sheets, in accordance with this Section 11.
Until the Termination Date, no Party shall enter into any other restructuring support agreement related to a partial or total restructuring of the Debtors unless such support agreement is consistent in all material respects with the Restructuring Term Sheets and/or Approved Plan and is acceptable to the Debtors, the Requisite Commitment Creditors and the Requisite Backstop Shareholders.
No waiver of any provisions of this Agreement, including, for the avoidance of doubt, the Restructuring Term Sheets shall be deemed to constitute a waiver of any other provision hereof or thereof, whether or not such provisions are similar, nor shall any waiver of a provision of this Agreement be deemed a continuing waiver of such provision.