Common use of Claim Amounts Clause in Contracts

Claim Amounts. To facilitate the Rights Offerings, as soon as reasonably practicable after the Amendment Effective Date but in no event later than 5 Business Days before the hearing to confirm the Amended Plan, the Commitment Parties shall provide to the Debtors a schedule of Unsecured Notes holdings, identifiable by CUSIP or similar unique identifier, specifying those (i) held as of September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and still held, (ii) purchased after September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and still held, (iii) held as of September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and subsequently transferred to a third party, or (iv) purchased after September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and subsequently transferred to a third party. For any Unsecured Notes held by a Commitment Party as of held as of September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and subsequently transferred by a Commitment Party to a third party after September 12, 2017 for (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties), the applicable Commitment Party shall provide to the Seadrill the identity of such third party and an executed joinder in compliance with the Restructuring Support Agreement as soon as reasonably practicable after the Amendment Effective Date but in no event later than the 5 Business Days before the hearing to confirm the Amended Plan. The Consenting Stakeholders hereby represent and warrant that such schedule and the Company Claims/Interests schedule on their signature page to this Amendment are accurate. During the Agreement Effective Period, each Consenting Stakeholder must notify counsel to the Company Parties as soon as reasonably practicable of any change to that Consenting Stakeholder’s Company Claims/Interests and provide an executed joinder, in each case, in compliance with Section 9 of the Restructuring Support Agreement.

Appears in 2 contracts

Sources: Restructuring Support and Lock Up Agreement, Restructuring Support and Lock Up Agreement (Seadrill LTD)