Examples of Second Lien Committee in a sentence
The Consenting Second Lien Creditors and the Second Lien Committee agree that, prior to the termination of this Agreement with respect to any particular Caesars Party, the Consenting Second Lien Creditors and the Second Lien Committee shall not commence any litigation or interpose or join in any claim arising from or in any way relating to the Second Lien Indentures against any such Caesars Party.
This Agreement may be terminated by mutual agreement among (a) the Caesars Parties and (b) the Second Lien Committee.
It is understood and agreed that no Consenting Second Lien Creditor has any duty of trust or confidence in any kind or form with any other Consenting Second Lien Creditor or the Second Lien Committee, and, except as expressly provided in this Agreement, there are no commitments among or between them.
Xxxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 E-mail Address: xxxxxxxx@xxxxxxxx.xxx xxxxxxxxx@xxxxxxxx.xxx xxxxxxx@xxxxxxxx.xxx If to the Second Lien Committee: Xxxxx Day 000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxx Xxxxx Xxx Xxxxxxx, XX 00000 Attn: Xxxxx Xxxxxxx Xxxxxx X.
Notwithstanding any Consenting Second Lien Creditors being members of the Second Lien Committee, all Consenting Second Lien Creditors are entering into this Agreement in their individual capacities as creditors of the Company and not as members of the Second Lien Committee.
This Constitution may be changed, or amended, or revoked by a two-thirds vote of the eligible voting members present in a meeting of the Voters Assembly.
This Agreement shall only become effective and enforceable against the parties hereto on the date that this Agreement shall have been executed by (i) the Caesars Parties; (ii) the Second Lien Committee; and (iii) all Second Lien Committee Members that are holders of Second Xxxx Xxxx Debt (the date upon which this Agreement becomes so effective, the “Agreement Effective Date”).
The Parties further acknowledge that all representations, warranties, covenants, and other agreements made by the Second Lien Committee shall not apply to (or be deemed to be made in relation to) any Claims legally or beneficially owned by any holder of a Second Xxxx Xxxx Claim; provided, however, that all Second Lien Committee Members that are holders of Second Xxxx Xxxx Debt have also signed this Agreement as Consenting Second Lien Creditors.
The Second Lien Committee participated in the Debtors’ marketing process for the Digital Imaging Patent Portfolio, which is discussed further below, and has otherwise participated actively with the Debtors’ management and professional advisors in reviewing the Debtors’ business plans and operations as well as the negotiation of the Plan.
The Debtors have regularly informed the Second Lien Committee of the Debtors’ business operations and have sought the support ofthe Second Lien Committee to the extent its constituency would be affected by proposed actions and transactions outside the ordinary course of the Debtors’ businesses.