Required Consenting Lenders definition

Required Consenting Lenders means the Required Consenting First Lien Lenders and the Required Consenting Second Lien Lenders.

Required Consenting Lenders means one or more Consenting Lenders that individually or collectively who hold, in the aggregate, greater than fifty percent (50%) of the principal amount of Loan Claims that are held by all such Consenting Lenders.

Required Consenting Lenders means, collectively, the Consenting ABL Lenders and the Majority Consenting Term Lenders.

Examples of Required Consenting Lenders in a sentence

• In the event the Purchaser is Newco, Holders of Allowed First Lien Claims shall also be given the right of first refusal to participate in the Exit Facility, if the Required Consenting Lenders determine such facility should be entered into, on a Pro Rata basis.

• The Distribution Agent shall have no obligation to recognize any transfer of Claims or Interests occurring on or after the Distribution Record Date; provided, however, that any Holder of Claims in Class 3 as of the Distribution Record Date may direct the transfer of distributionsunder the Plan to a separate entity communicated to the Debtors in advance of the Effective Date pursuant to procedures to be agreed by the Debtors and the Required Consenting Lenders.

• If there is a dispute regarding whether a contract or lease is or was executory or unexpired at the time of assumption, the Debtors or the Reorganized Debtors, as applicable (in each case with the consent of the Required Consenting Lenders and, to the extent set forth in the Restructuring Support Agreement, the Consenting Sponsor), shall have forth-five (45) days following entry of a Final Order resolving such dispute to alter their treatment of such contract or lease.

• The organizational documents for such holding and/or blocker entities shall be acceptable to the Required Consenting Lenders in their sole discretion.

More Definitions of Required Consenting Lenders

Required Consenting Lenders means, collectively, the Required Priority Lenders, the Required Consenting First Lien Term Lenders, and the Required Consenting Second Lien Term Lenders.

Required Consenting Lenders means, as of any time of determination, the Consenting Lenders that hold, in aggregate on the relevant date, at least a majority in principal amount outstanding of Existing Loans held by the Consenting Lenders.

Required Consenting Lenders means, as of the relevant date, Consenting Lenders holding at least 50.01% of the aggregate outstanding principal amount of Credit Facility Claims that are held by Consenting Lenders at the relevant time.

Required Consenting Lenders means the Required Consenting Lenders as defined in the RSA.

Required Consenting Lenders means the Consenting Lenders representing fifty and one-tenth percent (50.1%) of the aggregate principal amount of the Term Loan Claims held by the Consenting Lenders.

Required Consenting Lenders means, together and collectively, the Required Consenting First Lien Lenders and the Required Consenting Second Lien Noteholders.

Required Consenting Lenders means Consenting Lenders holding at least 50.1% of the aggregate principal outstanding amount of Credit Agreement Claims held by all Consenting Lenders; provided that, with respect to the declaration of a termination event as a result of any failure to comply with any Milestone pursuant to Section 11.01(p) hereof, “Required Consenting Lenders” means Consenting Lenders holding at least 66.67% of the aggregate outstanding principal amount of Credit Agreement Claims held by all Consenting Lenders; provided further, that if any Consenting Lender fails to respond to a request for consent, waiver, amendment of or in relation to any of the terms of this Agreement within ten (10) Business Days of that request being made, the outstanding principal amount of such Consenting Lender’s Credit Agreement Claims at such time shall not be included for the purpose of calculating the aggregate outstanding principal amount of Credit Agreement Claims held by all Consenting Lenders at such time when ascertaining whether any relevant percentage of the aggregate outstanding principal amount of Credit Agreement Claims held by all Consenting Lenders has been obtained to approve that request.