Examples of Secured Lender Group in a sentence
For purposes of this Section 2.2 and Section 2.3(e) hereof, the parties have agreed that such decreases in the Beneficial Ownership of Capital Stock of the Plan Secured Lender Group in the aggregate shall cause such decreases in the Lender Group's right to designate Directors and such forfeitures of Board seats as provided in those sections.
If the Plan Secured Lender Group shall decrease its Beneficial Ownership of Common Equivalent Shares by more than twenty five percent (25%), the Lender Group will forfeit one Audit Committee seat.
Any of the Investor Group, the Xxxxxxxxx Group, the Lender Group and the Plan Secured Lender Group may use the Common Equivalent Shares held by Affiliates of its members to calculate its total Common Equivalent Shares ownership if such Affiliates have agreed in writing, for the benefit of all parties to this Agreement, to be bound by this Agreement.
If the Plan Secured Lender Group shall decrease its Beneficial Ownership of Common Equivalent Shares by more than fifty percent (50%), the Lender Group will forfeit two Audit Committee seats.
If the Plan Secured Lender Group shall decrease its Beneficial Ownership of Common Equivalent Shares by more than seventy five percent (75%), the Lender Group will forfeit all three of its Audit Committee seats.
AndromalosEmail Address: AAndromalos@brownrudnick.com (c) if to a Consenting Secured Lender represented by Secured Lender Group Representatives, to: Davis Polk & Wardwell LLP 450 Lexington AvenueNew York, New York 10017Attention: Damian S.
The Collateral Agent shall hold all Collateral for the benefit of the Secured Lender Group.
The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and shall be assignable only to an Affiliate of a party hereto and, with respect to assignment by Secured Lenders, to any member of the Plan Secured Lender Group and any Affiliate of such a member, and only if such Affiliate of a party hereto, member of the Plan Secured Group or Affiliate of a member of the Plan Secured Lender Group agrees in writing to be bound by this Agreement.
It will not create, incur, assume or suffer to exist any Lien upon any of its property, assets, income or profits, whether now owned or hereafter acquired, or pledge or encumber any assets, except (i) in favor of the Collateral Agent for the benefit of the Secured Lender Group and (ii) Liens set forth on Schedule 10.3. 10.4. Accumulated Funding Deficiency.
Bordi);(e) counsel to the DIP Agent, Thompson Hine LLP, 335 Madison Ave., 12th Floor, New York, NY 10017 (Attn.: Yesenia Batista); (f) counsel to the Secured Lender Group, Davis Polk & Wardwell LLP, 450 Lexington Avenue, New York, New York 10017 (Attn.: Darren S.