Examples of Ad Hoc Group of Seller Note Holders in a sentence
The provisions contained in the Confirmation Order regarding the Settlement Agreement shall be in form and substance reasonably acceptable to the Ad Hoc Group of Seller Note Holders and Ad Hoc Group of Equity Holders.
On or before August 21, 2020, the Ad Hoc Group of Seller Note Holders shall file a statement with the Bankruptcy Court in support of confirmation of the Amended Plan, which statement shall be in form and substance reasonably acceptable to the Sponsors and the Debtors.
First, the Settlement Agreement resolves the Objection and all other potential objections that the Ad Hoc Group of Equity Holders and the Ad Hoc Group of Seller Note Holders could raise to the Plan, eliminates all current and future litigation with respect to confirmation of the Plan, and limits the potential risk of the Debtors’ delayed emergence from chapter 11.
As more fully explained herein, on August 18, 2020, the Debtors, the Ad Hoc Group of Seller Note Holders, and the Ad Hoc Group of Equity Holders reached an agreement in principle on the terms of a settlement, which was documented on August 21, 2020 (the “Settlement Agreement”).
Identification of arthropods started from November 2018 to March 2019.
The Ad Hoc Group of Seller Note Holders did not file a formal objection on grounds that their concerns were addressed through the proposed action / response set forth herein.The Debtors and the Ad Hoc Group of Seller Note Holders have resolved these concerns through the following actions.
Disbursement metrics are number of loan accounts, total amount sanctioned and total amount disbursed.
Second, the issues raised by the Ad Hoc Group of Equity Holders and the Ad Hoc Group of Seller Note Holders are complex and time consuming as they deal with, among other things, valuation, financial projections, and certain tax liabilities.
See Docket No. 143.Ad Hoc Group of Seller Note Holders [Docket No. 66]The Ad Hoc Group of Seller Note Holders raised a series of concerns related to the Plan’s treatment of Seller Notes Claims.
Fifth, the Debtors, the Ad Hoc Group of Equity Holders, and the Ad Hoc Group of Seller Note Holders were each represented by competent counsel in the negotiations of the Settlement Agreement.