Examples of First Lien Ad Hoc Group in a sentence
Pursuant to section 510 of the Bankruptcy Code, the Debtors reserve the right to, with the written consent of the First Lien Ad Hoc Group, re-classify any Allowed Claim or Allowed Interest in accordance with any contractual, legal, or equitable subordination relating thereto.
The New Board will initially be comprised of the Chief Executive Officer of Jason NewCo and such other members to be selected by the First Lien Ad Hoc Group.
However, on March 2, 2020, the Debtors notified the Committee that they had reached an agreement (the “ Uniti Settlement”) with Uniti,the First Lien Ad Hoc Group, and Elliott Investment Management LP and its affiliated funds (“Elliott”), obviating the need to proceed with trial.
The First Lien Ad Hoc Group and the Second Lien Ad Hoc Group believe there is no viable avoidance claim to be asserted against their liens.
The Debtors will, until the Effective Date, continue to provide First Lien Ad Hoc Group and the Prepetition Administrative Agent, and their advisors, financial and other reporting on a monthly basis is a form and substance reasonably acceptable to them.