Examples of TLB Lenders in a sentence
There followed a series of negotiations and mediation sessions between the Debtors, the Committee, the Prepetition Agent, the RCF/TLA Lenders, the TLB Lenders, and the Existing Equity Holders.
This Agreement is the product of negotiations among the Company Parties and the Consenting TLB Lenders, and in the enforcement or interpretation hereof, is to be interpreted in a neutral manner, and any presumption with regard to interpretation for or against any Party by reason of that Party having drafted or caused to be drafted this Agreement, or any portion hereof, shall not be effective in regard to the interpretation hereof.
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.
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.
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.
Pursuant to the terms of the Term Loan B Credit Agreement, the agent was granted, for the benefit of itself and the TLB Lenders, a first-priority security interest in and continuing lien on substantially all of the Debtor Loan Parties’ assets and property.
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).
This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual written agreement among all of the following: (a) the Required Consenting TLB Lenders; and (b) each Company Party.
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.
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.