EPL Banks definition
Examples of EPL Banks in a sentence
The Parent shall promptly forward to every Party any notification received by it under this sub-paragraph (b) (such notification to be made, in the case of Consenting Bondholders, to the Ad Hoc Committee’s Legal Advisers and in the case of the Consenting EPL Banks, to the EPL Facility Agent).
If at any time before the Notified Filing Date there is a continuing Material Adverse Change, an Objecting Majority (which in the case of the EPL Banks shall require an EPL Bank Special Majority) may by notice given to the Parent before the Notified Filing Date terminate this Agreement, in which case the provisions of Clause 8 shall apply and the Parent shall not file the Creditors’ Scheme Order.
CLAIM AMOUNTS AND COMPROMISE ENTITLEMENTS Bondholders £ 407,891,000 EPL Banks £ 210,000,000 ECTEF £ 72,000,000 TOTAL £ 85,000,000 TPL £ 159,000,000 RBS £ 37,500,000 Bondholders £ 154,067,314 52.3 % EPL Banks1 £ 20,000,000 14 % ECTEF £ 19,981,465 6.8 % RBS £ 14,160,599 4.8 % TOTAL £ 23,267,225 7.7 % TPL £ 43,523,397 14.4 % 1 The EPL Banks will also have rights under the New EPL Arrangements.
The Consenting EPL Banks agree not to take or encourage (unless it would be permitted under the terms of this Agreement and the Creditor Restructuring Agreement) any action to require the EPL Facility Agent to declare an Event of Default under (and as defined in) the EPL Facility Agreement, or enforce payment under the EPL Facility Agreement or the making of advances under the EPL SLA (including enforcement of security).