PXF Lenders definition

PXF Lenders means the banks participating in the PXF Facilities; and(v)the amendment of Condition 19 (Definitions) by the deletion of the defined term “Repayment Date” and its replacement with the following:
Sample 1

Examples of PXF Lenders in a sentence

  • The current standstill arrangements between the Company and the PXF Lenders under the PXF Standstill and the proposed moratorium under the Scheme cannot, in the Company’s view, be extended to its providers of trade finance.

  • These markets will not reach the size of the North Sea, but over the longer term are clearly interesting.Meanwhile, we are also partnering with CIP once again and Danish energy company Andel Holding on the tender process in Denmark to develop the 800-1,000MW Thor wind farm off the country's west coast.These are initial steps, taken with partners who have the local knowledge that complements our developer expertise, and there will be more to come.

  • The Company therefore considers that the lenders under these loans should not be Scheme Creditors.As discussed in paragraph 2 above, Part B (Overview of the Scheme) and Part D (The Scheme), these Shareholder Loans were subject to subordination arrangements in favour of the PXF Lenders and Noteholders which expired on 27 May 2016.

  • On 1 December 2015 the Company entered into a contractual standstill arrangement (the PXF Standstill) with certain PXF Lenders which provides for a forbearance on the taking of enforcement action or the initiation of insolvency proceedings by the PXF Lenders who sign the PXF Standstill until 29 January 2016 unless the standstill period has been extended.

  • In the case of the Notes, fees shall be paid to the holders as of the record date established for purposes of voting in connection with the scheme, and the timing of payments remains subject to confirmation as to payment logistics with relevant paying agents and clearing systems, but in any case payments shall not be made earlier than the effective date of the restructuring and no earlier than the date on which the fees are paid to the PXF Lenders.

  • If the Company is successful in agreeing a consensual rescheduling with its Noteholders and the PXF Lenders the Company anticipates that it will be able to repay the full principal amount outstanding to its creditors in accordance with the terms of the Company’s Proposal.

  • PXF Lenders means the lenders participating in the PXF Facilities.

  • If this assumption proves to be incorrect, then the recoveries for Noteholders, if any, in bankruptcy proceedings of the Company are likely to be substantially lower.The estimated return also assumes that the subordination of the Shareholder Loans in favour of the Notes and the PXF Lenders respectively referred to in paragraph 2 above would be in effect at the point of insolvency.

  • In order to maintain the stability of the Group during the period in which a restructuring of the Company’s obligations to its creditors (including the holders of the Notes and the PXF Lenders) (a Restructuring) is agreed and implemented, the Company is seeking to maintain and extend the standstill arrangements currently in place in respect of the PXF Facilities (see paragraphs 24 to 26 below) and to implement the proposed moratorium under the Scheme.

  • The Company is liable to make further scheduled debt repayments under its PXF Facilities from 8 June 2016 to 30 November 2016 totalling approximately U.S.$126 million, unless a Restructuring is implemented prior to that date.The PXF Co-ordinating CommitteeOn 12 May 2015 the PXF Lenders formed the PXF Co-ordinating Committee and negotiations commenced for a standstill agreement with the PXF Lenders.

Related to PXF Lenders

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Extending Lenders has the meaning specified in Section 2.08.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • U.S. Lenders means the Lenders having U.S. Commitments or outstanding U.S. Loans.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Continuing Lenders as defined in the recitals hereto.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Incremental Lenders has the meaning set forth in Section 2.14(c).