Approved Restructuring Plan definition

Approved Restructuring Plan means a Proposed Plan that receives Sufficient Plan Approval.

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Approved Restructuring Plan means a document that includes “Restructuring Plan” in its title and contemplates restructuring the Credit Parties’ Indebtedness, as adopted by Company and approved by the Lenders Steering Committee as the same may be amended, supplemented or otherwise modified from time to time with the consent of the Lenders Steering Committee and which plan may provide for debt exchanges, debt incurrences, asset sales, debt repayments, recapitalizations, restructurings, acquisitions, and 23A Transactions.

Approved Restructuring Plan has the meaning assigned to such term in the Junior Intercreditor Agreement.

Examples of Approved Restructuring Plan in a sentence

Company will use its best efforts (subject to the directors’ fiduciary duties and Lenders Steering Committee’s obligation to negotiate in good faith) to have an Approved Restructuring Plan (which shall not require the sale of any assets to one or more of the Lenders Steering Committee) acceptable to Company adopted by August 14, 2009 and shall comply with such plan in all material respects at all times thereafter.
Unless extended by the Lenders Steering Committee, Company shall adopt such an Approved Restructuring Plan by October 1, 2009 and shall comply with such plan at all times thereafter.
No Credit Party nor any of its Restricted Subsidiaries shall enter into any material documentation of the transactions contemplated under, or in connection with, the Approved Restructuring Plan unless such documentation is reasonably satisfactory to the Lenders Steering Committee.
Upon the effective date of the Approved Restructuring Plan, automatically and without any further consent or action required by the Administrative Agent, the L/C Issuer or any Lender, the Company, in its capacity as Reorganized Company, shall assume all of its Obligations hereunder and all other monetary obligations in respect hereof, all parties hereto shall continue to be bound hereby and each reference herein to “the Company” shall be deemed to be a reference to the Reorganized Company.
Each Secured Party hereby further authorizes Administrative Agent and/or Collateral Agent, as applicable, on behalf of and for the benefit of Secured Parties, to enter into one or more intercreditor agreements as the agent for and representative of Secured Parties with respect to the Collateral in accordance in all material respects with the Approved Restructuring Plan.
The Borrower will use its best efforts (subject to the directors’ fiduciary duties and the Lenders’ obligation to negotiate in good faith) to have an Approved Restructuring Plan adopted by October 1, 2010 and shall comply with such plan at all times thereafter.
Pursuant to the Approved Restructuring Plan and upon the effective date thereof, all of the assets of the Company shall have vested in the reorganized Company (the “Reorganized Company”) in a manner reasonably acceptable to the Administrative Agent.
Company shall comply in all material respects with the Approved Restructuring Plan at all times.
Solely with respect to the Tranche B Term Loan Borrowing, the Borrower shall have agreed to an Approved Restructuring Plan.

More Definitions of Approved Restructuring Plan

Approved Restructuring Plan means Second Amended Joint Chapter 11 Plan of CHC Group Ltd. and its Affiliated Debtors as may be further amended, supplemented or otherwise modified in accordance with its terms and the terms of the Plan Support Agreement dated as of October 11, 2016 among CHC Group Ltd., the CHC Parties named therein, the Milestone Parties named therein, the Plan Sponsors named therein, the Official Committee of Unsecured Creditors, Marble Ridge Capital L.P., Solus Alternative Asset Management LP and the Additional Consenting Parties party thereto, as amended as of November 23, 2016 pursuant to an amendment among CHC Group Ltd., the Plan Sponsors named therein, the Official Committee of Unsecured Creditors, the Milestone Aviation Group Limited, Marble Ridge Capital L.P. and Solus Alternative Asset Management LP.

Approved Restructuring Plan means the restructuring transactions contemplated in that certain document entitled “CIT Group Inc. and CIT Group Funding Company of Delaware LLC Offers to Exchange Relating to Any and All of their respective Outstanding Notes Listed Below and Solicitation of Acceptances of a Prepackaged Plan of Reorganization” dated October 16, 2009 and supplemented on October 23, 2009 on the terms and subject to the conditions on which the Lenders Steering Committee adopted same as an “Approved Restructuring Plan” as of October 16, 2009, as the same may be amended, supplemented or otherwise modified from time to time with the consent of the Lenders Steering Committee.

Approved Restructuring Plan has the meaning set forth in the First Lien Credit Agreement.

Approved Restructuring Plan shall have the meaning ascribed thereto in the Existing Credit Agreement.

Approved Restructuring Plan means the restructuring transactions contemplated in that certain document entitled “CIT Group Inc. and CIT Group Funding Company of Delaware LLC Offers to Exchange Relating to Any and All of their respective Outstanding Notes Listed Below and Solicitation of Acceptances of a Prepackaged Plan of Reorganization” dated October 16, 2009, as and supplemented on October 23, 2009, as modified on November 25, 2009 and December 7, 2009, and as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

Approved Restructuring Plan means the restructuring transactions contemplated in that certain document entitled “CIT Group Inc. and CIT Group Funding Company of Delaware LLC Offers to Exchange Relating to Any and All of their respective Outstanding Notes Listed Below and Solicitation of Acceptances of a Prepackaged Plan of Reorganization” dated October 16, 2009 and supplemented on October 23, 2009 on the terms and subject to the conditions on which the Lenders Steering Committee adopted same as an “Approved Restructuring Plan” as of October 16, 2009 as the same may be amended, supplemented or otherwise modified from time to time.