Revolving Credit Agreement Lenders definition
Examples of Revolving Credit Agreement Lenders in a sentence
Nothing herein shall require the Consenting Senior Noteholders, the Ad Hoc Noteholder Group, the Ad Hoc Noteholder Group Representatives, the Revolving Credit Agreement Lenders, or Revolving Credit Agreement Representatives to file applications, a Proof of Claim or otherwise seek approval of the Bankruptcy Court as a condition to the payment of such Allowed Administrative Claims.
After careful evaluation, the Revolving Credit Agreement Lenders declined to join the Restructuring Support Agreement; however, a subset of the Revolving Credit Agreement Lenders continued to work to provide the DIP financing (as described below) and all Revolving Credit Agreement Lenders worked to provide consensual use of cash collateral upon filing.
Further, upon the Debtors’ decision to forego the 2024 Senior Notes interest payment, the Debtors began discussions with their Revolving Credit Agreement Lenders via the Revolving Credit Agreement Agent regarding a potential DIP financing.
This Agreement, including the Restructuring Term Sheet, may not be modified, amended, restated, or supplemented in any manner except in writing signed by all of: (a) the Required Revolving Credit Agreement Lenders; (b) the Required Secured Noteholders; (c) Tema; and (d) each of the Company Parties; provided, however, that this Section 10 shall not be amended without the consent of each Consenting Creditor.
This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual agreement among the Required Revolving Credit Agreement Lenders, the Required Secured Noteholders, Tema, and each of the Company Parties.
In April 2020, the Debtors initiated discussions to consider potential paths forward to address their liquidity constraints and various debt obligations with their stakeholders, primarily including the Ad Hoc Noteholder Group, a group of holders of the Debtors’ Existing Preferred Stock (the “Preferred Holdings Group”), and the Revolving Credit Agreement Lenders via the Revolving Credit Agreement Agent.
All Intercompany Claims and Intercompany Interests will be reinstated or modified as agreed by the Company and the Majority DIP Lenders in consultation in good faith with the Consenting Revolving Credit Agreement Lenders.
To address their working capital needs and fund their reorganization efforts, the Debtors require the use of cash subject to liens (the “Cash Collateral”) granted in favor of the holders of the Revolving Credit Agreement Lenders, the Second Lien Noteholders and the Third Lien Noteholders, pursuant to the Guarantee and Collateral Agreement, the Second Lien Security Agreement and the Third Lien Security Agreement.
Each SPC shall be conclusively presumed to have made arrangements with its Granting Lender for the exercise of voting and other rights hereunder in a manner which is acceptable to the SPC, the Administrative Agent, the Lenders and the Borrower, and each of the Administrative Agent, the 115 Revolving Credit Agreement Lenders and the Obligors shall be entitled to rely upon and deal solely with the Granting Lender with respect to Loans made by or through its SPC.
D1 Oils, one of the major players in the biofuel industry, also concluded, based on their own research and experience with jatropha, that the claims being made about the crop, including that it can grow under marginal conditions, is pest and disease resistant, and does not require fertilizer, are simply not true (Volckaert 2009).