Consenting Prepetition Lenders definition

Consenting Prepetition Lenders means those Holders of the Prepetition Credit Agreement Claims that are party to the Plan Support Agreement as “Consenting Prepetition Lenders” thereunder.
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Consenting Prepetition Lenders means those Prepetition Lenders that are party to the Restructuring Support Agreement as “Consenting Lenders” thereunder.
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Consenting Prepetition Lenders. Participation Agreement” means the agreement between a Prepetition Lender and the Settling Builders that memorializes the parties’ respective obligations to each other as is contemplated by Section 3.4(F) of this Plan (the “Meritage Repayment Guaranty Election”), the form of which will be included in the Plan Supplement.
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Examples of Consenting Prepetition Lenders in a sentence

  • Among other things, the Consenting Prepetition Lenders have agreed to forego $500,000 from the plan consideration, which amount shall be used to fund junior creditor recoveries.

  • As also described above, under the terms contemplated by the RSA, the Consenting Prepetition Lenders have agreed to forego material consideration for the benefit of the Debtor’s creditors.

  • It is hereby acknowledged by the Parties hereto that no consideration shall be due or paid to the Sponsors or the Consenting Prepetition Lenders for their agreement to act in accordance with the terms and conditions of this Agreement.

  • The foregoing shall not prohibit the disclosure of the approximate aggregate holdings of Relevant Claims by the Consenting Prepetition Lenders as a group or the Sponsors as a group.

  • Neither Sponsor shall have or acquire any liability or responsibility for the other Sponsor's performance or non-performance under this Agreement, and no Consenting Prepetition Lender shall have or acquire any liability or responsibility for any other Consenting Prepetition Lender's performance or non-performance under this Agreement.

  • The Settlement Agreement also provided for the subordination of Lender Deficiency Claims held by the Consenting Prepetition Lenders to all other unsecured and undersecured claims.

  • In accordance with Section 1125 of the Bankruptcy Code, the acceptances of the Sponsors and the Consenting Prepetition Lenders will not be solicited until such Parties have received the disclosure statement and related ballot(s), after approval by the Bankruptcy Court.

  • NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Sponsors, the Administrative Agent, and the Consenting Prepetition Lenders hereby agree as follows: 1.

  • A secured party that desires to accept collateral in partial satisfaction of the obligation it secures shall send its proposal to any secondary obligor in addition to the persons described in subsection (a) of this section.Sec.

  • WHEREAS, because of certain events occurring in New York City on and after September 11, 2001, the Sponsors, the Administrative Agent and the Consenting Prepetition Lenders desire to extend the term of the Lockup Agreement.


More Definitions of Consenting Prepetition Lenders

Consenting Prepetition Lenders has the meaning set forth in the recitals to this Agreement.
Sample 1
Consenting Prepetition Lenders means those Prepetition Lenders party to the Restructuring Support Agreement.. “Required Consenting Lenders” shall mean (i) the Required DIP Lenders and (ii) the Prepetition Lenders holding at least two-thirds of the aggregate outstanding principal amount of Prepetition Term Loans. “Participating GUC Holder” means any holder of a General Unsecured Claim that does not vote to reject the Plan and does not “opt out” of the Third-Party Release; and “Non-Participating GUC Holder” means any holder of a General Unsecured Claim that votes to reject the Plan or “opts out” of the Third-Party Release. Capitalized terms used but not defined in this RSA Term Sheet have the meanings ascribed to them in the RSA. OVERVIEW Pursuant to, and subject to the terms and conditions of the RSA, the Consenting Lenders agree to vote for and support a Plan (defined below), which shall be consistent with the terms set forth herein (unless otherwise agreed by the Company Entities (defined below) and Required Consenting Lenders) and otherwise reasonably acceptable to the Company Entities and Required Consenting Lenders. Company Entities Starry Group Holdings, Inc. (“Holdings”); Starry, Inc.; Connect Everyone LLC.; Starry Installation Corp.; Starry (MA) Inc.; Starry Spectrum LLC; Testco LLC; Widmo Holdings LLC; Vibrant Composites, Inc.; Starry Foreign Holdings Inc.; Starry PR Inc. and Starry Spectrum Holdings LLC (collectively, “Company Entities” or “Debtors”). Existing Funded Indebtedness The Company Entities’ existing funded indebtedness consists of: i. the “Tranche A Loans” (the “Tranche A Loans”) under the Credit Agreement, dated as of December 13, 2019 (as amended by that certain First Amendment to Credit Agreement, dated as of September 4, 2020, that certain Second Amendment to Credit Agreement, dated as of January 28, 2021, that certain Third Amendment to Credit Agreement, dated as of June 2, 2021, that certain Fourth Amendment to Credit Agreement, dated as of August 20, 2021, that certain Fifth Amendment to Credit Agreement, dated as of October 6, 2021, that certain Sixth Amendment to Credit Agreement, dated as of January 13, 2022, that certain Seventh Amendment to Credit Agreement, dated as of March 26, 2022, that certain Eighth Amendment to Credit Agreement, dated as of September 13, 2022, that certain Ninth Amendment to Credit Agreement, dated as of December 14, 2022, that certain Tenth Amendment to Credit Agreement, dated as of January 30, 2023, and as may be further amended,...
Sample 1
Consenting Prepetition Lenders means the Holders of Prepetition Term Loan Claims that are or become party to the Restructuring Support Agreement in accordance with the terms thereof.
Sample 1

Related to Consenting Prepetition Lenders

  • Prepetition Lenders means the lenders party to the Prepetition Credit Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Consenting Lenders has the meaning set forth in Section 2.21(b).

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • DIP Lender means a lender under the DIP Facility.

  • Non-Consenting Lenders has the meaning specified in Section 3.07(d).

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Term Loan Lenders means the “Lenders” under and as defined in the Term Loan Credit Agreement.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Increasing Lenders shall have the meaning given to that term in Section 2.01(b)(i).

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Non-Consenting Lender means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Tranche B Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche B Loans.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.