Supporting Lenders definition
Examples of Supporting Lenders in a sentence
Each of the Releasors hereby unconditionally and irrevocably agrees that it will not sue the Agent, the Supporting Lenders, or the Released Parties on the basis of any Claim released, remised, and discharged by such Releasor pursuant to this paragraph.
This Agreement may only be amended or modified in writing by the Borrower and the Required Supporting Lenders; provided, that any such amendment (including, without limitation, any extension of the Forbearance Period) may be effectuated through e-mail confirmation.
This Agreement shall be binding upon each of the Loan Parties, the Supporting Lenders, and their respective successors and assigns, and shall inure to the benefit of each such person and their permitted successors and assigns.
The undersigned hereby agrees, as of the date first above written, to join and to be bound as a Supporting Lender by all of the terms and conditions of the Forbearance Agreement to the same extent as each of the other Supporting Lenders thereunder.
This Agreement shall be binding upon each of the Loan Parties, the Supporting Lenders and the Agent and their respective successors and assigns, and shall inure to the benefit of each such person and their permitted successors and assigns.
Prior to consummation of the Plan, the Debtors shall not settle, compromise or discharge any Cause of Action that is not agreed to be released pursuant to this Term Sheet without the consent of the Required Supporting Lenders.
The Company hereby acknowledges and agrees that the termination of this Agreement and the obligations hereunder as a result of a Supporting Lender Termination Event, and the delivery of any notice by the Supporting Lenders pursuant to any of the provisions of this Section 9.1(b) shall not violate the automatic stay imposed in connection with the Chapter 11 Cases.
This Agreement and the obligations hereunder shall automatically and immediately terminate if, following the delivery of any notice by the Supporting Lenders pursuant to Section 9.1(b), the Company or any other party-in-interest asserts that the termination of this Agreement or the delivery of such notice violates the automatic stay imposed in connection with the Chapter 11 Cases.
The Supporting Lenders consent to the Loan Parties incurring Indebtedness under the Second Lien Facility, as modified by the Support Agreement, during the Forbearance Period.
The acceptance of the Plan by the Supporting Lenders will not be solicited until the Supporting Lenders have received the Disclosure Statement and related ballots.