Examples of Consenting Sponsor in a sentence
In February 2023, arm’s-length, good-faith discussions began between the Debtors, the Administrative Agent, the Collateral Agent, certain of the Prepetition First Lien Lenders, the Consenting Sponsor, and their respective advisors.
The Company Parties acknowledge and agree that they will provide advance initial draft copies of the Definitive Documents to the Consenting Lenders Advisors and Consenting Sponsor Advisors as soon as reasonably practicable and will provide such documents no later than two (2) Business Days prior to the date when any Company Party intends to file the applicable Definitive Documents with the Bankruptcy Court.
If there is a dispute regarding whether a contract or lease is or was executory or unexpired at the time of assumption, the Debtors or the Reorganized Debtors, as applicable (in each case with the consent of the Required Consenting Lenders and, to the extent set forth in the Restructuring Support Agreement, the Consenting Sponsor), shall have forth-five (45) days following entry of a Final Order resolving such dispute to alter their treatment of such contract or lease.
Achieving the various Milestones under the RSA is crucial to maintaining the support of the Consenting Prepetition First Lien Lenders and the Consenting Sponsor and successfully restructuring the Debtors.
The Company Parties further acknowledge and agree that they will provide advance initial draft copies of any substantive pleadings other than the Definitive Documents to the Consenting Lenders Advisors and Consenting Sponsor Advisors no later than two (2) Business Days prior to the date when any Company Party intends to file the applicable substantive pleadings with the Bankruptcy Court.
On March 30, 2023, the Debtors, certain of the Prepetition First Lien Lenders holding more than 66.67% of the outstanding Prepetition First Lien Loans (such lenders, the “ Consenting Prepetition First Lien Lenders”), and the Consenting Sponsor entered into theRestructuring Support Agreement attached hereto as Exhibit B (the “RSA”).