TLB Lenders definition

TLB Lenders means the Lenders as such term is defined in the TLB Credit Agreement.
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TLB Lenders means the lenders under the TLB Facility from time to time.
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TLB Lenders means the lenders under the TLB Credit Agreement from time to time.
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Examples of TLB Lenders in a sentence

  • The Company Parties and the Consenting TLB Lenders were each represented by counsel during the negotiations and drafting of this Agreement and continue to be represented by counsel.

  • On July 30, 2020, following a consent solicitation available to each TLB Lender, the Debtor Loan Parties and TLB Lenders representing a majority of the TLB principal amount outstanding executed a third amendment to the Term Loan B Credit Agreement, which provided approximately $63.7 million in super senior revolving loans on a cashless basis in lieu of receipt of cash interest with respect to the interest payment due and payable on June 30, 2020.

  • Among other things, the Conflicts Committee: (a) conferred with the Debtors’ management team and the Conflicts Committee’s independent advisors; (b) engaged with the advisors to an ad hoc group of TLB Lenders (the “Ad Hoc Group”)3 regarding the situation; (c) considered the effect of Seadrill Limited’s actions or potential future actions on its operations, customers, and employees; and (d) engaged with independent counsel regarding potential legal recourse.

  • On the Agreement Effective Date, the Debtors shall file this Agreement with the Bankruptcy Court, other than the signature pages of the Consenting TLB Lenders.

  • Moreover, the Plan now embodies a global resolution supported by the Consenting TLB Lenders.

  • Nothing in this Agreement shall be construed as prohibiting a Company Party or any of the Consenting TLB Lenders from contesting whether any such termination is in accordance with its terms or to seek enforcement of any rights under this Agreement that arose or existed before a Termination Date.

  • On the Effective Date, the Debtors or Reorganized Debtors, as applicable, may with the prior written consent of the Required Consenting Lenders (such consent not to be unreasonably withheld) establish one or more reserves for alleged General Unsecured Claims that are contingent or have not yet been Allowed, in an estimated amount or amounts as reasonably determined by the applicable Debtors with the consent of the Consenting TLB Lenders (such consent not to be unreasonably withheld).

  • On October 30, 2020, following a consent solicitation available to each TLB Lender, the Debtor Loan Parties and TLB Lenders representing a majority of the TLB principal amount outstanding executed a fourth amendment to provide approximately $63.3 million in super senior revolving loans on a cashless basis in lieu of receipt of cash interest with respect to the interest payment due and payable on September 30, 2020.

  • To facilitate the swift resolution of these Chapter 11 Cases, the Debtors and the TLB Lenders have agreed, solely for purposes of voting on the Plan, to treat these intercompany claims as if the TLB Lenders have exercised their foreclosure rights.

  • Because the Debtors are in default under the Term Loan B Credit Agreement, the TLB Lenders allege that they are entitled to exercise their foreclosure rights against these Intercompany Claims in full or partial satisfaction of the Debtors’ outstanding obligations under the Term Loan B Credit Agreement.


More Definitions of TLB Lenders

TLB Lenders means the lenders under the TLB Facility from time to time. “Trademark Assignment Agreements” means the Trademark Assignment Agreement substantially in the form attached hereto as Exhibit C.
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TLB Lenders has the meaning set forth in the preamble to this Agreement.
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Related to TLB Lenders

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Canadian Lenders means the financial institutions listed on the signature pages of the Canadian Credit Agreement and their respective successors and assigns.