Required Consenting Noteholders definition

Required Consenting Noteholders means, as of the relevant date, Consenting Noteholders holding at least 50.01% of the aggregate outstanding principal amount of Senior Notes that are held by Consenting Noteholders at the relevant time.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

Required Consenting Noteholders means, as of the relevant date, the Required Consenting 2L Noteholders and the Required Consenting 3L Noteholders.

Examples of Required Consenting Noteholders in a sentence

The go-forward corporate governance terms, New Organizational Documents, and identity of the new board of directors, board of managers, or other governing body (the “New Board”) will be disclosed in the Plan Supplement; provided, that the composition and identity of the New Board will be determined by the Required Consenting Noteholders in their sole discretion, notwithstanding anything to the contrary in the RSA.
Tax Structure The Restructuring Transactions contemplated by this Restructuring Term Sheet will be structured in a tax-efficient manner as determined in good faith by the Required Consenting Noteholders, subject to the consent of the Company Parties (not to be unreasonably withheld, conditioned, or delayed).
Registration Rights Agreement The Plan and Confirmation Order shall provide that if requested by the Required Consenting Noteholders, the Company shall enter into a registration rights agreement covering all New Equity Interests issued pursuant to the Plan with terms and conditions acceptable to the Required Consenting Noteholders.

More Definitions of Required Consenting Noteholders

Required Consenting Noteholders means, as of the relevant date, Consenting Noteholders that collectively hold at least 75% of the aggregate outstanding principal amount of the Notes Claims held by all such Consenting Noteholders.

Required Consenting Noteholders has the meaning set forth in the Restructuring Support Agreement.

Required Consenting Noteholders means, collectively, the Required Consenting First Lien Noteholders, the Required Consenting 1.5L Noteholders, and the Required Consenting Crossholder Noteholders.

Required Consenting Noteholders means the “Required Consenting Noteholders” under, and as defined in, the Restructuring Support Agreement.

Required Consenting Noteholders means at any time, each of (i) Consenting Noteholders holding more than 50.0% by principal amount outstanding of the GenOn Notes Claims held by the Consenting Noteholders and (ii) Consenting Noteholders holding more than 50.0% by principal amount outstanding of the GAG Notes Claims held by the Consenting Noteholders.

Required Consenting Noteholders means the “Required Consenting Noteholders” under, and as defined by, the Plan Support Agreement.

Required Consenting Noteholders means, as of the relevant date, Consenting Noteholders holding at least 50.01% of the aggregate outstanding principal amount of Secured Notes that are held by Consenting Noteholders.