Examples of QTCB Group in a sentence
DiConza, Esq.Email: mdiconza@omm.com Facsimile: 212-326-2061 (d) If to the LCDC, to: QUINN EMANUEL URQUHART & SULLIVAN, LLP51 Madison Avenue, 22nd Floor New York, NY 10010Attn: Susheel Kirpalani, Esq.Email: susheelkirpalani@quinnemanuel.com Eric Kay, Esq.Email: erickay@quinnemanuel.com Facsimile: 212-849-7100 (e) If to the QTCB Group, to: MORGAN, LEWIS & BOCKIUS LLPOne State Street Hartford, CT 06103 Attn: Kurt A.
This means that the PSA Restriction Fee for the LCDC and the QTCB Group (whose members signed the PSA on May 31, 2019 and who, collectively, hold more than $2.9 billion in GO and PBA bonds) would be more than $44 million for the first 120 days (i.e., until September 28, 2019) and would then jump to more than $88 million on the 121st day (i.e., September 29, 2019).
On the other hand, the QTCB Group seems to have had over $252 million in challenged bonds.
If all terms were subject to further negotiation, this would surely trigger the Breakup Fee.3. Second, the Breakup Fee also becomes payable if the Oversight Board terminates the PSAfor any reason other than (i) a breach of PSA by a non-Governmental Party, (ii) the denial of confirmation of the Plan by the Title III Court, or (iii) a failure of the Oversight Board, the LCDC and the QTCB Group to reach agreement on the terms of the New Bonds.PSA Tem Sheet § II.M (emphasis added).
QTCB Group: The QTCB Noteholder Group consisting of CanyonCapital Advisors LLC, Sculptor Capital LP, and Davidson Kempner Capital Management LP, each on behalf of itself or on behalf of its participating clients or certain of its respective managed funds and, in each case, their respective successors and assigns with respect to transfers made in accordance with the terms and conditions of the GO/PBA Plan Support Agreement.