Consenting Debtholders definition

Consenting Debtholders means the Holders of Claims that are party to the Restructuring Support Agreement.

Consenting Debtholders means, collectively, the Consenting Secured Debtholders and the Consenting Unsecured Debtholders.

Consenting Debtholders means, collectively, the Consenting Secured Debtholders and the Consenting Unsecured Debtholders;

Examples of Consenting Debtholders in a sentence

• Termination Right Concordia and the Consenting Debtholders shall have the right to terminate the Support Agreement (including, for certainty, any Joinder Agreements) and to not proceed with the Recapitalization Transaction upon the occurrence of any termination events agreed to and included in the Support Agreement.

• The amount of unamortized original issue discount in respect of the Secured Debt shall be calculated on the basis as has been agreed to by Concordia and the Majority Initial Consenting Debtholders prior to the execution of the Support Agreement.

• No prior history, pattern or practice of sharing confidences among or between the Consenting Debtholders shall in any way affect or negate this understanding and agreement.

• Definitive Documentation The parties will work in good faith to negotiate, execute and deliver definitive documentation (the “Definitive Documentation”) necessary to implement the Recapitalization Transaction in accordance with the terms set out in this Term Sheet and in form and substance acceptable to Concordia and the Majority Initial Consenting Debtholders, the Majority Initial Consenting Secured Debtholders and the Majority Consenting Private Placement Parties, as applicable, each acting reasonably.

• All public announcements made in respect of the Recapitalization Transaction shall be made solely by the Company, provided that such public announcements shall be in form and substance acceptable to the Majority Initial Consenting Debtholders and the Company, each acting reasonably.

More Definitions of Consenting Debtholders

Consenting Debtholders means, collectively, the Consenting Secured Debtholders and the Consenting Unsecured Debtholders; “Consenting Secured Debtholders” means, collectively, the Secured Debtholders that have executed and remain, at the relevant time, subject to the Support Agreement (or a joinder agreement thereto); “Consenting Unsecured Debtholder Notes Election Pro Rata Share” means, with respect to each Consenting Unsecured Debtholder that holds Secured Term Loans, the percentage that such Consenting Unsecured Debtholder’s principal amount of Non- Elected Secured Term Loans bears to the total principal amount of Non-Elected Secured Term Loans held by all Consenting Unsecured Debtholders; “Consenting Unsecured Debtholders” means, collectively, the Unsecured Debtholders that have executed and remain, at the relevant time, subject to the Support Agreement (or a joinder agreement thereto); “Court” means the Ontario Superior Court of Justice (Commercial List); “Debt” means, collectively, the Secured Debt and the Unsecured Debt; “Debt Documents” means, collectively, the Secured Debt Documents and the Unsecured Debt Documents, and “Debt Document” means any one of such documents; “Debtholder Claims” means, collectively, the Secured Debtholder Claims and the Unsecured Debtholder Claims; “Debtholders” means, collectively, the Secured Debtholders and the Unsecured Debtholders; “Designated Offshore Securities Market” has the meaning given to that term in Rule 902 of Regulation S as promulgated by the United States Securities and Exchange Commission under the United States Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder, or any successor statute; “Direct Registration System” means an electronic register of the New Common Shares maintained by a transfer agent selected by Concordia; “Distribution Record Date” means a date to be determined by Concordia in consultation with the Trustees, the Agents and the Majority Initial Consenting Debtholders for purposes of distributions under this Plan, provided that in respect of the Secured Term Loans, the Secured Swap Instruments and the Unsecured Equity Bridge Loans the Distribution Record Date shall be the Record Date; “DTC” means the Depository Trust & Clearing Corporation and its successors and assigns;

Consenting Debtholders means those holders of the Notes and other Indebtedness of the Company and/or its Subsidiaries parties to the Restructuring Support Agreement as “Consenting Debtholders” thereunder; provided, that the Consenting Debtholders shall include, as a minimum, the holders of two-thirds of the aggregate principal amount of Notes outstanding from time to time.

Consenting Debtholders means, collectively, the Consenting Secured Debtholders and the Consenting Unsecured Debtholders. “Consenting Secured Debtholders” means the Secured Debtholders that have executed and remain, at the relevant time, subject to this Support Agreement or a Joinder Agreement hereto. “Consenting Unsecured Debtholders” means the Unsecured Debtholders that have executed and remain, at the relevant time, subject to this Support Agreement or a Joinder Agreement hereto. “Contracts” means all agreements, contracts, leases (whether for real or personal property), purchase orders, undertakings, covenants not to compete, employment agreements, confidentiality agreements, licenses, instruments, obligations and commitments to which a Person is a party or by which a Person or any of its assets are bound or affected, whether written or oral. “Court” means the Ontario Court or the Bankruptcy Court, as applicable. “Definitive Documents” means all definitive agreements, court materials and other material documents in connection with the Recapitalization Transaction and the CBCA Proceedings

Consenting Debtholders means the Debtholders that have executed and remain, at the relevant time, subject to the Support Agreement or a joinder agreement thereto.

Consenting Debtholders means the Holders of Claims that are party to theRestructuring Support Agreement.

Consenting Debtholders means the Debtholders that have executed and remain, at the relevant time, subject to the Support Agreement or a joinder agreement thereto. “Court” means the Ontario Superior Court of Justice (Commercial List). “Data Protection Laws” means all applicable laws, rules and regulations of any applicable jurisdiction from time to time relating to data protection, including but not limited to the Data Protection Xxx 0000 and the General Data Protection Regulation (EU) 2016/679. “Defaulting Private Placement Parties” means, collectively, the Non-Funding Private Placement Parties (other than any Objecting Private Placement Parties or Non-Investing Private Placement Parties) and the Breaching Private Placement Parties, as applicable. “Designated Offshore Securities Market” has the meaning given to that term in Rule 902 of Regulation S. “Effective Date” means the date of implementation of the Plan. “Effective Time” has the meaning given to such term in the Plan.

Consenting Debtholders has the meaning specified in the Lock-Up Agreement.