Crossover Group definition

Crossover Group means that certain ad hoc group of certain Holders of First Lien Senior Secured Notes Claims and Second Lien Term Loan Claims represented by the Crossover Group Advisors.
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Crossover Group means that certain ad hoc group comprising certain unaffiliated Consenting First Lien Creditors and Consenting Second Lien Creditors represented by Akin Gump and Houlihan Lokey and listed on the signature pages to the Restructuring Support Agreement.
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Crossover Group means, collectively, the holders of, or investment advisors, sub-advisors, or managers of holders of, the First Lien Term Loans, Second Lien Term Loans, Second Lien Notes, and Unsecured Notes represented by ▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP and PJT Partners LP.
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Examples of Crossover Group in a sentence

  • Ad Hoc Crossover Group The ad hoc group comprising certain holders of the Company’s funded debt represented by Milbank LLP and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Partners LP and listed on the signature pages to the Restructuring Support Agreement (the “Ad Hoc Crossover Group” and, together with the Ad Hoc First Lien Group, the “Ad Hoc Groups”).

  • For the avoidance of doubt the obligation to pay such fees and expenses shall be included in the orders approving the DIP Facility and the Plan shall provide that any fees and expenses of the Crossover Group Representatives unpaid as of the Plan Effective Date shall be paid on the Plan Effective Date.

  • It shall be a condition precedent to the Effective Date of the Plan that the definitive documentation concerning the MIP shall be completed, provided, that such condition precedent may be waived by written agreement between the Required Consenting ▇▇▇▇▇▇▇ Crossover Group Members and the Debtors.

  • The Equity Issuer, the Required Consenting ▇▇▇▇▇▇▇ Crossover Group Members, and the Required Consenting HoldCo Creditors will explore mechanisms that provide for periodic “cashless” exercise of the warrants in Luxembourg; provided, that the implementation of any such mechanisms shall be subject to the consent of the Required Consenting ▇▇▇▇▇▇▇ Crossover Group Members and shall not have any materially adverse impact on the Equity Issuer or the New Common Stock of the Equity Issuer.

  • The Required Consenting ▇▇▇▇▇▇▇ Crossover Group Members and the Debtors shall negotiate the terms of the definitive MIP documentation in good faith prior to the Emergence Date.

  • Crossover Group Representatives Fees and Expenses The Debtors shall pay all reasonable and documented fees and expenses of the Crossover Group Representatives, in each case in accordance with the terms of their applicable engagement letters.

  • With respect to invoices for Transaction Expenses submitted to the Company Parties by counsel to the Secured Group and counsel to the Crossover Group, such invoices shall provide reasonable supporting detail in summary format (with such redactions as may be necessary to maintain attorney-client privilege), and such invoices shall not be required to provide the Company Parties with attorney time entries.

  • The Required Consenting ▇▇▇▇▇▇▇ Crossover Group Members may, in their sole discretion, permit other parties (that are not already entitled to be Backstop Parties under this Agreement) to become Backstop Parties and participate in the Backstop Proposal; subject to the consent of the Company Parties, not to be unreasonably withheld, delayed, or conditioned.

  • Series A Warrant Agreement That certain agreement providing for, among other things, the issuance of the Series A Warrants, which shall include anti-dilution protections and Black-Scholes protections in the event of certain change of control or sale transactions and be in form and substance reasonably acceptable to the Debtors, the Required Consenting ▇▇▇▇▇▇▇ Crossover Group Members, and the Required Consenting HoldCo Creditors.

  • Term Loan Commitments will be allocated among the Lenders ratably in accordance with their anticipated entitlements under the Plan to receive equity in the reorganized Borrower (which shall be calculated by reference to their respective holdings of First Lien Notes and Unsecured Notes as of April 10, 2019, as reported to the Borrower by Counsel to the First Lien Ad Hoc Group and Counsel to the Crossover Group no later than April 8, 2019).


More Definitions of Crossover Group

Crossover Group means that ad hoc group of holders of Credit Agreement Claims and Notes Claims represented by the Crossover Group Representatives.
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Crossover Group means that certain ad hoc group of holders of First Lien Senior Secured Notes Claims and Second Lien Term Loan Claims (each as defined below), represented by ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLC, as counsel, and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Inc., as financial advisor. Management Incentive Plan The Plan will provide for the establishment of a customary management equity incentive plan (the “Management Incentive Plan”), designed, implemented, and determined by New Board, under which no less than 10% of the New Common Stock outstanding on the Effective Date (on a fully diluted and fully distributed basis, treating the Management Incentive Plan as fully allocated) will be reserved for grants made from time to time to the management or officers of Reorganized LCI. The Plan will provide that grants of at least 30% of the New Common Stock reserved under the Management Incentive Plan will be allocated within 60 days of the Plan Effective Date. The Consenting Stakeholders further agree that the employment agreement for the Debtors’ CEO shall be amended on the Plan Effective Date to provide the Debtors’ CEO with the right to leave for “good reason” pursuant to the terms of such agreement in the event the terms and conditions (including allocation) of the award to the Debtors’ CEO under the MIP are not reasonably acceptable to the Debtors’ CEO. The Consenting Stakeholders further agree that the employment agreements for the Named Executive Officers shall be amended on the Plan Effective Date to provide the Named Executive Officers with the right to leave for “good reason” pursuant to the terms of such agreements, in which case they will be entitled to 75% of their applicable severance, in the event the award to such Named Executive Officer under the Management Incentive Plan (i) is not on substantially similar terms and conditions (but not allocation) as the award reasonably acceptable to the Debtors’ CEO or (ii) provides for an allocation to such Named Executive Officer that is materially less than the award that the Debtors’ CEO reasonably recommended to the New Board in writing. Indemnification Obligations The Plan will provide for the assumption of all indemnification provisions currently in place (whether in the by-laws, certificates of incorporation, board resolutions, indemnification agreements, or employment contracts) for the current and former directors, managers, and officers of the Company and any affiliates, which assumption shall be irrevocable and shall survive the Plan Effecti...
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Crossover Group or groups (as described in the definition of the Class A-S Crossover Amount), and will be added to the amounts distributable as principal on the Class A Certificates related to the "loss group" (as described in the definition of the Class A-S Crossover Amount); provided that if the losses described in clause (A) (1) of the definition of Class A-S Crossover Amount were allocated to two Class A-S Components, then the Class A-S Crossover Amount will be subtracted on a pro rata basis from the amounts distributable as principal on the Class A Certificates related to the two crossover groups, allocated in proportion to the respective amounts of the losses so allocated to each of those Class A-S Components.
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Crossover Group means the ad hoc group of crossover holders of First Lien Notes and Unsecured Notes represented by Davis Polk & Wardwell LLP, Haynes and Boone, LLP, and Houlihan Lokey Capital Inc.
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Crossover Group means the ad hoc group of crossover holders of First Lien Notes and Unsecured Notes represented by ▇▇▇▇▇ ▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP, ▇▇▇▇▇▇ and ▇▇▇▇▇, LLP, and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Capital Inc.
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Related to Crossover Group

  • MNE Group means any Group that (i) includes two or more enterprises the tax residences of which are in different jurisdictions, or includes an enterprise that is resident for tax purposes in one jurisdiction and is subject to tax with respect to the business carried out through a permanent establishment in another jurisdiction, and (ii) is not an Excluded MNE Group;

  • DBS Group means any of DBS’s subsidiaries, DBS’s holding company and any subsidiaries of DBS’s holding company;

  • Related Group For Loan Group 1, Group 1 and for Loan Group 2, Group 2.

  • Top Paid Group means the top 20 percent of Employees who performed services for the Employer during the applicable year, ranked according to the amount of "415 Compensation" (determined for this purpose in accordance with Section 1.26) received from the Employer during such year. All Affiliated Employers shall be taken into account as a single employer, and Leased Employees within the meaning of Code Sections 414(n)(2) and 414(o)(2) shall be considered Employees unless such Leased Employees are covered by a plan described in Code Section 414(n)(5) and are not covered in any qualified plan maintained by the Employer. Employees who are non-resident aliens and who received no earned income (within the meaning of Code Section 911(d)(2)) from the Employer constituting United States source income within the meaning of Code Section 861(a)(3) shall not be treated as Employees. Additionally, for the purpose of determining the number of active Employees in any year, the following additional Employees shall also be excluded; however, such Employees shall still be considered for the purpose of identifying the particular Employees in the Top Paid Group:

  • Mortgage Group Either of Group One or Group Two.