Obligor Debtor means a Debtor against which another Debtor holds an Intercompany Claim.
Obligor Debtor means any Debtor that is the primary obligor of any obligations guaranteed by another Debtor.
Examples of Obligor Debtor in a sentence
Each holder of an Allowed Claim against any other Schedule III Obligor Debtor (including any Senior/Bridge Deficiency Claim) shall receive, in full and complete satisfaction of its Allowed Claim, Participation Rights, but excluding any amounts for postpetition interest or post-Effective Date interest.
Each holder of a Bridge Loan Claim against an Obligor Debtor is entitled to vote to accept or reject the Plan.
Each holder of an Allowed Senior Secured Claim against any Non-Schedule III Obligor Debtor is entitled to vote to accept or reject the Plan.
Each holder of a General Unsecured Claim and Senior/Bridge Deficiency Claim against a Schedule III Obligor Debtor is entitled to vote to accept or reject the Plan.
As set forth in Section 4.10 of the Plan, holders of General Unsecured Claims and Senior/Bridge Deficiency Claims against each Schedule III Obligor Debtor (other than MCI) will also be entitled to receive a contractual right from the applicable MCI Subsidiary.
More Definitions of Obligor Debtor
Obligor Debtor means any Debtor listed on Exhibit A-1 to the Plan Support Agreement 3 GENERAL PROVISIONS REGARDING THE RESTRUCTURING New Common Stock Rights On the Plan Effective Date, the Debtors will consummate a $750 million Offering common equity rights offering (the “Rights Offering”) pursuant to which holders of Allowed First Lien Secured Claims will be distributed subscription rights (the “Subscription Rights”) to purchase the New Common Stock in accordance with this Plan Term Sheet at a 37.5% discount to a stipulated equity value equal to $1,250 million (the “Plan Equity Value”). Both the amount of the Rights Offering and the Plan Equity Value are subject to a proportionate downward adjustment (the “Flex Adjustment”) in the event that the Flex Exit Facility Term Loans are funded on the Plan Effective Date in a manner that preserves the 37.5% discount to Plan Equity Value, as will be set forth in the Backstop Commitment Agreement, such that if the aggregate principal amount of the Flex Exit Facility Terms Loans is $350 million the Plan Equity Value will equal $900 million and the Rights Offering amount will equal $540 million. Xxxxxxx and the members of the First Lien Ad Hoc Group (the “Backstop Parties”) will backstop the Rights Offering. Within 10 days of the Agreement Effective Date, the Debtors and the Backstop Parties will enter into a backstop commitment agreement (including all schedules and exhibits thereto, the “Backstop Commitment Agreement”) that will provide for, among other things, a backstop commitment premium equal to 8% of the $750 million committed amount (the “Backstop Premium”) payable in New Common Stock (calculated to reflect a 37.5% discount to Plan Equity Value) to the Backstop Parties on the Plan Effective Date (or, as set forth in the Backstop Commitment Agreement, in cash if the Plan Effective Date does not occur) and shall not be subject to any reduction on account of the Flex Adjustment. Xxxxxxx will provide 52.5% of the backstop commitments under the Backstop Commitment Agreement and the members of the First Lien Ad Hoc Group (on a pro rata basis) will provide 47.5% of the backstop commitments under the Backstop Commitment Agreement. Without limiting the obligations of the Backstop Parties to fund the full amount of the Rights Offering, the Backstop Parties will have the option to purchase up to $375 million of the New Common Stock issued pursuant to the Rights Offering (the “Backstop Priority Tranche”), on a pro rata basis based on th...
Obligor Debtor means any Debtor listed on Exhibit A-1 to the Plan Support Agreement
Obligor Debtor means Basell Finance USA Inc., Basell Germany Holdings GmbH, Basell North America Inc., Basell USA Inc., Equistar Chemicals, LP, Houston Refining LP, LBI Acquisition LLC, LBIH LLC, Lyondell (Pelican) Petrochemical L.P. 1, Inc., Lyondell Chemical Company, Lyondell Chemical Delaware Company, Lyondell Chemical Espana Co., Lyondell Chemical Europe, Inc., Lyondell Chemical Nederland, Ltd., Lyondell Chemical Products Europe, LLC, Lyondell Chemical Technology 1 Inc., Lyondell Chemical Technology Management, Inc., Lyondell Chemical Technology, L.P., Lyondell Chimie France LLC, Lyondell Europe Holdings Inc., Lyondell Houston Refinery Inc., Lyondell LP3 GP, LLC, Lyondell LP3 Partners, LP, Lyondell LP4 Inc., Lyondell Petrochemical L.P. Inc., Lyondell Refining Company LLC, Lyondell Refining I LLC, LyondellBasell Finance Company, LyondellBasell Industries AF S.C.A., Lyondell-Equistar Holdings Partners, Millennium America Holdings Inc., Millennium America Inc., Millennium Chemicals Inc., Millennium Petrochemicals GP LLC, Millennium Petrochemicals Partners, LP, Millennium Worldwide Holdings I Inc. and Xxxx Acquisition (US) LLC.
Obligor Debtor means Tronox Incorporated, Tronox Finance Corp., Tronox Worldwide LLC, Cimarron Corporation, Kerr-McGee Holdings, Inc., Kerr- McGee Minerals Resources Corporation, Kerr-McGee Pigments (Savannah) Inc., Kerr-McGee Refining Corporation, Southwestern Refining Company, Inc., Transworld Drilling Company, Triangle Refineries, Inc., Triple S, Inc. and Tronox LLC.
Obligor Debtor means Tronox Incorporated, Tronox Finance Corp., Tronox Worldwide LLC, Cimarron Corporation, Xxxx-XxXxx Holdings, Inc., Xxxx- XxXxx Minerals Resources Corporation, Xxxx-XxXxx Pigments (Savannah) Inc., Xxxx-XxXxx Refining Corporation, Southwestern Refining Company, Inc., Transworld Drilling Company, Triangle Refineries, Inc., Triple S, Inc. and Tronox LLC.
Obligor Debtor means any Debtor listed on Exhibit A-1 to the Plan Support Agreement GENERAL PROVISIONS REGARDING THE RESTRUCTURING
Obligor Debtor means any Debtor listed on Exhibit A-1 to the Plan Support Agreement 3