{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "holders-of", "type": "clause", "offset": [6, 16]}, {"key": "prepetition-debt", "type": "clause", "offset": [26, 42]}, {"key": "aggregate-outstanding-amount", "type": "definition", "offset": [71, 99]}], "snippet": "means holders of Extended Prepetition Debt holding at least 51% of the aggregate outstanding amount of the Extended Prepetition Debt at such time.", "samples": [{"hash": "c829L3Rg0bJ", "uri": "/contracts/c829L3Rg0bJ#directing-creditors", "label": "Third Lien Security Agreement (School Specialty Inc)", "score": 30.0232715607, "published": true}, {"hash": "6tCB5weeiTG", "uri": "https://corporate.schoolspecialty.com/wp-content/investor-documents/1e189dc4-6440-47ee-a2b1-08768ed7822f.pdf", "label": "corporate.schoolspecialty.com", "score": 10.0116357803, "published": false}], "size": 2, "hash": "e72543aa727ad0c3b63d20c7254314e4", "id": 1}, {"snippet_links": [{"key": "the-intercreditor-agreement", "type": "clause", "offset": [41, 68]}], "snippet": "has the meaning assigned to such term in the Intercreditor Agreement.", "samples": [{"hash": "gYnv11PUZBc", "uri": "/contracts/gYnv11PUZBc#directing-creditors", "label": "Transaction Agreement (Quantum Corp /De/)", "score": 36.7262153625, "published": true}, {"hash": "ganBq4zJy9x", "uri": "/contracts/ganBq4zJy9x#directing-creditors", "label": "Indenture (Quantum Corp /De/)", "score": 34.961670089, "published": true}], "size": 2, "hash": "015fbfed3ed3ce28ee92cbe327426a05", "id": 2}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [6, 17]}, {"key": "aggregate-voting-credit", "type": "definition", "offset": [62, 85]}, {"key": "without-limitation", "type": "clause", "offset": [98, 116]}, {"key": "consents-obtained", "type": "clause", "offset": [140, 157]}, {"key": "in-connection-with", "type": "clause", "offset": [158, 176]}, {"key": "tender-offer-or-exchange-offer", "type": "clause", "offset": [179, 209]}, {"key": "purchase-of", "type": "clause", "offset": [218, 229]}, {"key": "senior-secured-notes", "type": "clause", "offset": [231, 251]}, {"key": "provided-that", "type": "definition", "offset": [254, 267]}, {"key": "for-purposes-of", "type": "clause", "offset": [276, 291]}, {"key": "release-of-collateral", "type": "clause", "offset": [304, 325]}, {"key": "pursuant-to-section", "type": "clause", "offset": [326, 345]}, {"key": "the-security-agreement", "type": "clause", "offset": [360, 382]}, {"key": "the-pledge-agreement", "type": "clause", "offset": [409, 429]}], "snippet": "means at any time Creditors holding more than 50% of the then Aggregate Voting Credit (including, without limitation, Noteholders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Senior Secured Notes); provided that, solely for purposes of directing a release of Collateral pursuant to Section 7.11(c)(A) of the Security Agreement and Section 8.11(c)(A) of the Pledge Agreement, the \u201cDirecting Creditors\u201d means at any time Creditors holding at least 75% of the then Aggregate Voting Credit (including, without limitation, Noteholders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Senior Secured Notes).", "samples": [{"hash": "gN5oPIkEYu8", "uri": "/contracts/gN5oPIkEYu8#directing-creditors", "label": "Intercreditor and Collateral Agency Agreement", "score": 29.3408622742, "published": true}, {"hash": "3bIcW1uJfn5", "uri": "/contracts/3bIcW1uJfn5#directing-creditors", "label": "Intercreditor and Collateral Agency Agreement (Duane Reade Holdings Inc)", "score": 21.0, "published": true}], "size": 2, "hash": "01605e138d9c533a901034280de0a507", "id": 3}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "at-any-time", "type": "clause", "offset": [65, 76]}, {"key": "aggregate-voting-credit", "type": "definition", "offset": [133, 156]}, {"key": "without-limitation", "type": "clause", "offset": [169, 187]}, {"key": "consents-obtained", "type": "clause", "offset": [207, 224]}, {"key": "in-connection-with", "type": "clause", "offset": [225, 243]}, {"key": "tender-offer-or-exchange-offer", "type": "clause", "offset": [246, 276]}, {"key": "purchase-of", "type": "clause", "offset": [285, 296]}, {"key": "debt-obligations", "type": "definition", "offset": [318, 334]}, {"key": "other-matters", "type": "definition", "offset": [365, 378]}], "snippet": "means (i) with respect to any matters described in Section 3.07, at any time Creditors holding more than 25% of the then outstanding Aggregate Voting Credit (including, without limitation, holders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Notes Priority Lien Debt Obligations) and (ii) with respect to any other matters, at any time Creditors holding more than 50% of the then outstanding Aggregate Voting Credit (including, without limitation, holders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Notes Priority Lien Debt Obligations).", "samples": [{"hash": "28uclQQoua6", "uri": "/contracts/28uclQQoua6#directing-creditors", "label": "Intercreditor and Collateral Agency Agreement", "score": 26.1704311371, "published": true}, {"hash": "hq2Lo8xDLMX", "uri": "/contracts/hq2Lo8xDLMX#directing-creditors", "label": "Intercreditor and Collateral Agency Agreement (Am-Pac Tire Dist. Inc.)", "score": 21.9664611816, "published": true}], "size": 2, "hash": "7c856c051bc6cfa90241b3f29bbf6667", "id": 4}, {"snippet_links": [{"key": "the-bank", "type": "definition", "offset": [10, 18]}, {"key": "required-purchasers", "type": "clause", "offset": [29, 48]}], "snippet": "means (i) the Bank, (ii) the Required Purchasers or (iii) NGOP.", "samples": [{"hash": "9Z5eRJIvEsj", "uri": "/contracts/9Z5eRJIvEsj#directing-creditors", "label": "Collateral Agency and Intercreditor Agreement (National Golf Properties Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "98ed665ac5867e6bc34f6c0ecedee3ad", "id": 5}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [6, 17]}, {"key": "aggregate-voting-credit", "type": "definition", "offset": [61, 84]}, {"key": "without-limitation", "type": "clause", "offset": [97, 115]}, {"key": "consents-obtained", "type": "clause", "offset": [139, 156]}, {"key": "in-connection-with", "type": "clause", "offset": [157, 175]}, {"key": "tender-offer-or-exchange-offer", "type": "clause", "offset": [178, 208]}, {"key": "purchase-of", "type": "clause", "offset": [217, 228]}, {"key": "senior-secured-notes", "type": "clause", "offset": [230, 250]}], "snippet": "means at any time Creditors holding at least 75% of the then Aggregate Voting Credit (including, without limitation, Noteholders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Senior Secured Notes).", "samples": [{"hash": "3bIcW1uJfn5", "uri": "/contracts/3bIcW1uJfn5#directing-creditors", "label": "Intercreditor and Collateral Agency Agreement (Duane Reade Holdings Inc)", "score": 21.0, "published": true}], "size": 2, "hash": "d24df94f55ececb794355d55935f7ef4", "id": 6}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [6, 17]}, {"key": "aggregate-voting-credit", "type": "definition", "offset": [62, 85]}, {"key": "without-limitation", "type": "clause", "offset": [98, 116]}, {"key": "consents-obtained", "type": "clause", "offset": [140, 157]}, {"key": "in-connection-with", "type": "clause", "offset": [158, 176]}, {"key": "tender-offer-or-exchange-offer", "type": "clause", "offset": [179, 209]}, {"key": "purchase-of", "type": "clause", "offset": [218, 229]}, {"key": "senior-secured-notes", "type": "clause", "offset": [231, 251]}, {"key": "provided-that", "type": "definition", "offset": [254, 267]}, {"key": "for-purposes-of", "type": "clause", "offset": [276, 291]}, {"key": "release-of-collateral", "type": "clause", "offset": [304, 325]}, {"key": "pursuant-to-section", "type": "clause", "offset": [326, 345]}, {"key": "the-security-agreement", "type": "clause", "offset": [363, 385]}, {"key": "the-pledge-agreement", "type": "clause", "offset": [415, 435]}], "snippet": "means at any time Creditors holding more than 50% of the then Aggregate Voting Credit (including, without limitation, Noteholders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Senior Secured Notes); provided that, solely for purposes of directing a release of Collateral pursuant to Section 7.11(c)(x)(A) of the Security Agreement and Section 8.11(c)(x)(A) of the Pledge Agreement, the \u201cDirecting Creditors\u201d means at any time Creditors holding at least 75% of the then Aggregate Voting Credit (including, without limitation, Noteholders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Senior Secured Notes).", "samples": [{"hash": "bZVBO5OR45T", "uri": "/contracts/bZVBO5OR45T#directing-creditors", "label": "Intercreditor and Collateral Agency Agreement (Duane Reade)", "score": 21.0, "published": true}], "size": 1, "hash": "37db864731ac7f8a3eb24612ff9bf987", "id": 7}, {"snippet_links": [], "snippet": "has the meaning specified in Section 31.", "samples": [{"hash": "h276fntDY4b", "uri": "/contracts/h276fntDY4b#directing-creditors", "label": "Security Agreement (Erickson Air-Crane Inc.)", "score": 24.3483905792, "published": true}], "size": 1, "hash": "f92b3e7427117cfa373f69178a1b0194", "id": 8}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "at-any-time", "type": "clause", "offset": [65, 76]}, {"key": "aggregate-voting-credit", "type": "definition", "offset": [133, 156]}, {"key": "without-limitation", "type": "clause", "offset": [169, 187]}, {"key": "consents-obtained", "type": "clause", "offset": [211, 228]}, {"key": "in-connection-with", "type": "clause", "offset": [229, 247]}, {"key": "tender-offer-or-exchange-offer", "type": "clause", "offset": [250, 280]}, {"key": "purchase-of", "type": "clause", "offset": [289, 300]}, {"key": "senior-secured-notes", "type": "clause", "offset": [302, 322]}, {"key": "other-matters", "type": "definition", "offset": [353, 366]}], "snippet": "means (i) with respect to any matters described in Section 3.07, at any time Creditors holding more than 25% of the then outstanding Aggregate Voting Credit (including, without limitation, Noteholders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Senior Secured Notes) and (ii) with respect to any other matters, at any time Creditors holding more than 50% of the then outstanding Aggregate Voting Credit (including, without limitation, Noteholders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Senior Secured Notes).", "samples": [{"hash": "hctR0T7FUvf", "uri": "/contracts/hctR0T7FUvf#directing-creditors", "label": "Intercreditor and Collateral Agency Agreement (Apria Healthcare Group Inc)", "score": 23.2423000336, "published": true}], "size": 1, "hash": "b484c064c44f39e86bc0fa76cfc02fcf", "id": 9}, {"snippet_links": [{"key": "required-creditors", "type": "definition", "offset": [14, 32]}, {"key": "prior-to-the", "type": "clause", "offset": [33, 45]}, {"key": "in-clause", "type": "clause", "offset": [61, 70]}, {"key": "time-at-which", "type": "clause", "offset": [137, 150]}, {"key": "party-or-parties", "type": "definition", "offset": [156, 172]}, {"key": "the-lenders", "type": "clause", "offset": [179, 190]}, {"key": "with-respect-to", "type": "clause", "offset": [191, 206]}, {"key": "respective-portion", "type": "definition", "offset": [347, 365]}, {"key": "the-secured-obligations", "type": "definition", "offset": [369, 392]}, {"key": "administrative-agent", "type": "definition", "offset": [398, 418]}], "snippet": "means (a) the Required Creditors prior to the time specified in clause (b), and (b) any one of the following parties, from and after the time at which such party or parties (i.e. the Lenders with respect to clause (i), the 1994 Noteholders with respect to clause (ii), and the 1996 Noteholders with respect to clause (iii)) have accelerated their respective portion of the Secured Obligations: (i) Administrative Agent, with respect to the Lenders, (ii) the Required 1994 Noteholders, or (iii) the Required 1996 Noteholders.", "samples": [{"hash": "lr2Vlf7IH5i", "uri": "/contracts/lr2Vlf7IH5i#directing-creditors", "label": "Security and Collateral Agency Agreement (National Golf Properties Inc)", "score": 18.0, "published": true}], "size": 1, "hash": "d9eb151ab18453785845a76f6d6a1e11", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIcZGlyZWN0aW5nLWNyZWRpdG9ycyMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Directing Creditors", "snippet": "means holders of Extended Prepetition Debt holding at least 51% of the aggregate outstanding amount of the Extended Prepetition Debt at such time.", "size": 16, "id": "directing-creditors", "examples": ["Subject to the terms and conditions of this Agreement, the Collateral Agent shall follow the instructions of the <strong>Directing Creditors</strong> from time to time conveyed to it by the representative or representatives of one or more Credit Classes pursuant to this Agreement, subject to and consistent with the Collateral Agent\u2019s rights and obligations expressed in the Collateral Documents and in accordance with applicable law.", "As to any matter not expressly provided for by this Agreement, the Collateral Agent shall act or refrain from acting as directed by the <strong>Directing Creditors</strong> and shall be fully protected in doing so.", "All calculations regarding satisfaction of compliance with the definition of the <strong>Directing Creditors</strong> shall be made by the Collateral Agent upon receipt of and in exclusive reliance upon the certificates described in Section 3.03, and shall be binding upon each Credit Class.", "Where the Collateral Agent is permitted but not required to take any action pursuant to any Collateral Document, the Collateral Agent may take any such action but shall have no obligation to take any such action without the direction of the <strong>Directing Creditors</strong> and the Collateral Agent shall not be liable to any party for not taking such action if the <strong>Directing Creditors</strong> have not directed the Collateral Agent to take such action.", "The Collateral Agent may at any time solicit confirmatory instructions, including from the <strong>Directing Creditors</strong> or an order of a court of competent jurisdiction, as to any action which it may be requested or required to take, or which it may propose to take, in the performance of any of its obligations under this Agreement.", "For purposes of calculation of the <strong>Directing Creditors</strong>, any Credit Class at the time comprising part of the Aggregate Voting Credit may, by the requisite vote of its Credit Class, delegate instructional authority to any subset of such Credit Class, in which event the Persons having been granted such instructional authority shall be deemed to represent 100% of the members of their respective Credit Class.", "The Collateral Agent is irrevocably authorized and empowered to enter into and perform its obligations under, and to protect, perfect, exercise and enforce its interest, rights, powers and remedies, in each case under and pursuant to the Collateral Documents and applicable law and to act as set forth in this Article II or as requested in any lawful directions given to it from time to time in respect of any matter by the <strong>Directing Creditors</strong>.", "In addition, at any time and from time to time prior to such termination of the Security Interests, the Collateral Agent may release any of the Collateral or subordinate its Security Interests therein to Liens in favor of certain third parties with the prior written consent of the <strong>Directing Creditors</strong> or as provided in Article V of the Collateral Agency Agreement.", "Upon any such resignation or removal, a successor Collateral Agent may be appointed by the Trustee, a Term Loan Agent and the Swap Representative, acting jointly, or by the instructions of the <strong>Directing Creditors</strong>, in each case with the consent of DRI.", "No instruction of the <strong>Directing Creditors</strong> shall be effective to impose any obligation or liability upon the Trustee, a Term Loan Agent or any Swap Representative, as applicable, unless it is a signatory party thereto."], "related": [["consenting-creditors", "Consenting Creditors", "Consenting Creditors"], ["additional-agent", "Additional Agent", "Additional Agent"], ["requisite-creditors", "Requisite Creditors", "Requisite Creditors"], ["senior-representative", "Senior Representative", "Senior Representative"], ["junior-representative", "Junior Representative", "Junior Representative"]], "related_snippets": [], "updated": "2025-12-20T05:53:03+00:00"}, "json": true, "cursor": ""}}