Creditor Settlement definition
Examples of Creditor Settlement in a sentence
Such notice shall, notwithstanding anything to the contrary herein, be deemed effective upon receipt by Transpac and shall state the material terms of the proposed Non-Investor Creditor Settlement.
Term Loan Recovery Cash in the aggregate amount consistent with the Secured Creditor Settlement.
On the Effective Date, each holder of an Allowed First Lien Notes Claim shall receive its pro rata share of the Cash payment pursuant to the First Lien Notes Recovery as compromised in accordance with the Secured Creditor Settlement.7 Impaired / Entitled to Vote A10 9.50% First Lien Notes Claims 9.50% First Lien Notes Claims shall be Allowed against all of the obligors and guarantors under the 9.50% First Lien Notes Indenture in accordance with the Secured Creditor Settlement.
This Term Sheet does not include a description of all of the terms, conditions and other provisions that are to be contained in the Plan, the Secured Creditor Settlement Order (as defined below), or definitive documents relating to or necessary to effectuate the Secured Creditor Settlement (as defined below), each of which remain subject to negotiation and completion and which shall be in form and substance reasonably acceptable to the Required Consenting First Lien Creditors (as defined below).
On the Effective Date, each holder of an Allowed Term Loan Facility Claim shall receive its pro rata share of the Cash payment pursuant to the Term Loan Recovery as compromised in accordance with the Secured Creditor Settlement.6 Impaired / Entitled to Vote A9 8.00% First Lien Notes Claims 8.00% First Lien Notes Claims shall be Allowed against all of the obligors and guarantors under the 8.00% First Lien Notes Indenture in accordance with the Secured Creditor Settlement.
Secured Creditor Settlement That certain settlement between the Debtors and certain of the Prepetition Secured Parties incorporated into and embodied in the Plan consistent with the Secured Creditor Settlement Term Sheet.
D1 Unsecured Claims Except to the extent that a Holder of an Allowed Unsecured Claim against ICF agrees to less favorable treatment of its Allowed Claim, in full and final satisfaction, settlement, $[•] [•]% 5 For the avoidance of doubt, no payments in connection with the Secured Creditor Settlement shall be made out of the deposit accounts of the HoldCos.
The resolution of these issues pursuant to the Secured Creditor Settlement is embodied in the Plan and will avoid the need for protracted litigation, thereby preserving precious Estate resources.
Restructuring Expenses Collectively, the fees and expenses of the professionals to be paid by the Company Parties pursuant to the Plan Support Agreement, the Secured Creditor Settlement, or as adequate protection pursuant to the DIP Order.
Except to the extent otherwise provided in the Plan, the Plan will resolve any and all issues, controversies, disputes, Claims, entitlements, and Causes of Action by and among the Company Parties and Affiliates, including with respect to (i) any intercompany Claims by and among the Company Parties, (ii) valuation, (iii) tax attributes, (iv) Accelerated Relocation Payments, (v) Expense Reimbursements, and (vi) the Secured Creditor Settlement.