Examples of Supporting Term Loan Lenders in a sentence
On the Effective Date, Reorganized HoldCo and the Holders of Allowed Prepetition Term Loan Secured Claims and/or their designated affiliates shall (or be deemed to) enter into the Operating Agreement with respect to the New Units in substantially the form included in the Plan Supplement or in such other form as may be acceptable to the Supporting Term Loan Lenders.
Notwithstanding anything to the contrary in this Plan or in any order of the Court, the Payless Canada Entities may not waive satisfaction of the conditions set out in subsection 9.3(e) without the consent of the Supporting Term Loan Lenders.
On the Implementation Date and in accordance with the steps and sequence as set forth in the Plan Supplement, all Intercompany Claims shall be preserved or extinguished at the election of the Payless Canada Entities, with the consent of the Supporting Term Loan Lenders.
The Sanction Order shall be substantially in the form attached (without this Plan included as a schedule) as Schedule “B” hereto, with such amendments as the Payless Canada Entities, the Supporting Term Loan Lenders, and the Monitor may agree.
The Payless Canada Entities, with the consent of the Monitor and in consultation with the Supporting Term Loan Lenders, may at any time and from time to time waive the fulfillment or satisfaction, in whole or in part, of the conditions set out herein, to the extent and on such terms as such parties may agree.
If the conditions contained in section 9.3 are not satisfied or waived (to the extent permitted under section 9.4) by the Outside Date, unless the Payless Canada Entities, in consultation with the Monitor and in consultation with the Supporting Term Loan Lenders, agree in writing to extend such period, this Plan and the Sanction Order shall cease to have any further force or effect and will not be binding on any Person.
Notwithstanding anything to the contrary in this Plan or in any order of the Court, the Payless Canada Entities may not waive satisfaction of the conditions set out in subsection 9.3(f) hereof, which condition is for the exclusive benefit of, and may only be waived by, the Supporting Term Loan Lenders.
The CCAA Plan is the result of the Payless Canada Entities’ extensive consultation with the Monitor and various stakeholders, mostnotably the Supporting Term Loan Lenders, to determine the best available option for the Payless Canada Entities and their stakeholders.