Examples of Consenting Equity Holders in a sentence
The Water Safety Group confirmed that site engineering protocols were in accordance with current guidance and HTM 04-01.
Accordingly, the Plan Support Agreement may be terminated after the date of this Disclosure Statement, and such a termination would present a material risk to Confirmation of the Plan because the Plan may no longer have the support of the Consenting Term Lenders and the Consenting Equity Holders.
The obligations of the Parties and the effectiveness hereof are subject to the execution and delivery of signature pages for this Support Agreement by each of the Company, Consenting Equity Holders holding no less that 66% of the aggregate shares of Preferred Stock, and Consenting Noteholders holding no less than 66% of the principal amount of the Notes (the date upon which such condition is satisfied, the “Effective Date”).
The figures are perhaps surprising considering the legislative pressure that has been applied to food processors by the European Union, requiring, back in 2005, the mandatory labelling of 12 specified food allergens.
Nothing in the Restructuring Support Agreement shall require the Company or its board of directors to breach any fiduciary obligations it has under applicable law, and to the extent that such fiduciary obligations require the Company or its board of directors to terminate its obligations under the Restructuring Support Agreement, it may do so without incurring any liability to the Consenting Noteholders or the Consenting Equity Holders.
Notwithstanding the foregoing, if this Support Agreement is modified in a manner materially adverse to the Consenting Equity Holders, any Consenting Equity Holder may terminate this Support Agreement as to itself only, pursuant to Section 2.2(c) hereof.
The Company believes it will receive the requisite amount of votes in favor of the Prepackaged Plan, in light of the fact that the Consenting Noteholders who hold approximately two-thirds of the aggregate principal amount of the outstanding Senior Secured Notes, and the Consenting Equity Holders, who hold approximately 70% of the Existing Preferred Interests, have agreed to vote for, support and not object to the Prepackaged Plan.
After good-faith, arm’s-length negotiations, on July 13, 2012, the Company reached an agreement (as may be amended or modified, the “Restructuring Support Agreement”) with the Required Consenting Noteholders, who hold approximately two-thirds of the aggregate principal amount of the outstanding Senior Secured Notes, and the Consenting Equity Holders, who hold approximately 70% of the Existing Preferred Interests.
The Plan is the result of extensive, good faith, arm’s-length negotiations among the Debtors and certain of their principal constituencies (including the Required Consenting Noteholders and the Consenting Equity Holders, and each of their representatives), reflects substantial input from the principal constituencies having an interest in these cases, and achieves the goal of consensual reorganization embodied by the Bankruptcy Code.
During the vaccination campaign, the question of how the vaccination of minors should be approached from a health law perspective was raised.