Minimum Participation Threshold definition
Minimum Participation Threshold. The date and time upon which (a) the minimum participation threshold for the holders of Senior Notes Claims in connection with the Exchange Offer of 99% of the principal amount outstanding of the Senior Notes is met, and (b) the minimum consent threshold for First Lien Lenders in connection with the Restructuring of 90% of the aggregate principal amount of the First Lien Claims is met, in each case, as determined by the Company, the Requisite Noteholders, the First Lien Agent and the Requisite First Lien Lenders; provided, however, that the Company, the First Lien Agent, and the Requisite Noteholders may agree in writing to amend, modify or supplement the Minimum Participation Threshold as it applies to the holders of Senior Notes Claims; provided, further, however, that the Company, the First Lien Agent, the Requisite First Lien Lenders, and the Requisite Noteholders may agree in writing to amend, modify or supplement the Minimum Participation Threshold as it applies to the First Lien Claims.
Minimum Participation Threshold means all of the following: (i) Term Lenders holding obligations representing at least 95% of the aggregate principal amount of the Term Loans outstanding under the Term Loan Facility shall have consented to the Credit Agreement Amendment; (ii) Senior Noteholders holding Senior Notes representing at least 95% of the aggregate principal amount of Senior Notes outstanding shall have validly tendered and not withdrawn such Senior Notes, and consented to the amendments to the Senior Notes Indenture, in the Consent Solicitation and Exchange Offer, consistent with the terms set forth in this Agreement; and (iii) Convertible Noteholders holding Convertible Notes representing at least 95% of the aggregate principal amount of Convertible Notes outstanding shall have (x) validly tendered and not withdrawn their Convertible Notes into the Tender Offer and (y) voted in favor of the Restructuring, in each case consistent with the terms set forth in this Agreement and the Term Sheet.
Minimum Participation Threshold means all of the following: (i) Term Lenders holding obligations representing at least 95% of the aggregate principal amount