Secured Creditor Settlement definition
Examples of Secured Creditor Settlement in a sentence
This Term Sheet does not include a description of all of the terms, conditions and other provisions that are to be contained in the Plan, the Secured Creditor Settlement Order (as defined below), or definitive documents relating to or necessary to effectuate the Secured Creditor Settlement (as defined below), each of which remain subject to negotiation and completion and which shall be in form and substance reasonably acceptable to the Required Consenting First Lien Creditors (as defined below).
On the Effective Date, each holder of an Allowed Term Loan Facility Claim shall receive its pro rata share of the Cash payment pursuant to the Term Loan Recovery as compromised in accordance with the Secured Creditor Settlement.6 Impaired / Entitled to Vote A9 8.00% First Lien Notes Claims 8.00% First Lien Notes Claims shall be Allowed against all of the obligors and guarantors under the 8.00% First Lien Notes Indenture in accordance with the Secured Creditor Settlement.
Appellate Rights For the avoidance of doubt, nothing in this Term Sheet, the Secured Creditor Settlement, the Secured Creditor Settlement Order, the Plan, or the Confirmation Order shall in any way impair or prejudice the appellate rights available under applicable law to the holders of First Lien Claims or the ▇▇▇▇▇▇▇ Crossover Ad Hoc Group with regard to any Secured Creditor Settlement Order or any Secured Creditor Claims Litigation.
In addition to the general settlement described in Article IV.A., pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the mutual compromises described in this Article IV.A.2, the Plan shall effectuate the Secured Creditor Settlement, which includes certain following key terms: Settlement/Allowance.
D1 Unsecured Claims Except to the extent that a Holder of an Allowed Unsecured Claim against ICF agrees to less favorable treatment of its Allowed Claim, in full and final satisfaction, settlement, $[•] [•]% 5 For the avoidance of doubt, no payments in connection with the Secured Creditor Settlement shall be made out of the deposit accounts of the HoldCos.
First Lien Notes Recovery Cash in the aggregate amount consistent with the Secured Creditor Settlement.
Except to the extent otherwise provided in the Plan, the Plan will resolve any and all issues, controversies, disputes, Claims, entitlements, and Causes of Action by and among the Company Parties and Affiliates, including with respect to (i) any intercompany Claims by and among the Company Parties, (ii) valuation, (iii) tax attributes, (iv) Accelerated Relocation Payments, (v) Expense Reimbursements, and (vi) the Secured Creditor Settlement.
On the Effective Date, each holder of an Allowed First Lien Notes Claim shall receive its pro rata share of the Cash payment pursuant to the First Lien Notes Recovery as compromised in accordance with the Secured Creditor Settlement.7 Impaired / Entitled to Vote A10 9.50% First Lien Notes Claims 9.50% First Lien Notes Claims shall be Allowed against all of the obligors and guarantors under the 9.50% First Lien Notes Indenture in accordance with the Secured Creditor Settlement.
Secured Creditor Settlement Term Sheet That certain term sheet setting forth certain terms of the Secured Creditor Settlement attached to the Plan Term Sheet as Annex E.
Impaired / Deemed to Reject or Unimpaired / Deemed to Accept A8 Term Loan Facility Claims Term Loan Facility Claims shall be Allowed against all of the obligors and guarantors under the Term Loan Facility in accordance with the Secured Creditor Settlement.