Required Consenting Term Lenders definition

Required Consenting Term Lenders means Consenting Term Lenders who hold, in the aggregate, at least 50.1% of the principal amount of the total outstanding loans under the Term Loan Facility held by all Consenting Term Lenders as of such date the Required Consenting Term Lenders make a determination in accordance with the RSA or the Plan.

Required Consenting Term Lenders means, as of any date of determination, those Consenting Term Lenders holding more than 50% of the aggregate principal amount of the Term Loans that are held by all Consenting Term Lenders; provided, however, that as long as the Ad Hoc Lender Group holds at least 50% of the aggregate principal amount of the Term Loans, “Required Consenting Term Lenders” shall mean, as of any date of determination, those Consenting Term Lenders holding more than 50% of the aggregate principal amount of the Term Loans that are held by Consenting Term Lenders that are members of the Ad Hoc Lender Group.

Required Consenting Term Lenders means, as of the relevant date, Consenting Lenders holding at least 66.67% of the aggregate outstanding principal amount of the Term Loan Claims that are held by Consenting Lenders.

Examples of Required Consenting Term Lenders in a sentence

• The terms of the New Term Loan A Facility shall be consistent with the RSA and the documentation for the New Term Loan A Facility shall be included in the Plan Supplement and acceptable to the Debtors and the Required Consenting Revolving Lenders and reasonably acceptable to the Required Consenting Term Lenders and the Supporting Common Interest Holders.

• The Members of the Reorganized Holdco Board shall be appointed by the Supporting Common Interest Holders and the Consenting Term Lenders in accordance with the terms of the RSA and the members of the board of directors of any subsidiary of Reorganized Holdco shall be acceptable to the Supporting Common Interest Holders and the Required Consenting Term Lenders.

• Except as otherwise provided herein or agreed to by the Debtors, the Supporting Common Interest Holders, the Required Consenting Term Lenders, and the applicable counterparty, each assumed Executory Contract or Unexpired Lease shall include all modifications, amendments, supplements, restatements, or other agreements related thereto, and all rights related thereto, if any, including all easements, licenses, permits, rights, privileges, immunities, options, rights of first refusal, and any other interests.

• Each holder of an Allowed Claim or Allowed Interest, as applicable, shall receive under the Plan the treatment described below in full and final satisfaction, settlement, release, and discharge of and in exchange for such holder’s Allowed Claim or Allowed Interest, except to the extent different treatment is agreed to by: (a) the Debtors; (b) the holder of such Allowed Claim or Allowed Interest, as applicable; (c) the Supporting Common Interest Holders; and (d) the Required Consenting Term Lenders.

• The documentation for the New Unsecured Notes shall be included in the Plan Supplement and otherwise acceptable to the Debtors and reasonably acceptable to the Required Consenting Term Lenders and the Supporting Common Interest Holders (and solely with respect to terms affecting their treatment or rights, reasonably acceptable to the Required Consenting Revolving Lenders).

More Definitions of Required Consenting Term Lenders

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

Required Consenting Term Lenders means, as of the relevant date, Consenting Term Lenders holding at least three fourths (3/4) of the total aggregate outstanding principal amount of Prepetition Term Loan Claims held by all Prepetition Term Loan Lenders.

Required Consenting Term Lenders has the meaning given to such term in the Restructuring Support Agreement.

Required Consenting Term Lenders means the “Required Consenting Term Lenders” under, and as defined by, the Restructuring Support Agreement.

Required Consenting Term Lenders means, at any relevant time, the Consenting Term Lenders holding greater than 50.0% of the outstanding principal amount of Term Loans held by the Consenting Term Lenders. As used herein, the term “Required Consenting Revolving Lenders” means, at any relevant time, the Consenting Revolving Lenders holding greater than 50.0% of the outstanding principal amount of Revolving Loans held by the Consenting Revolving Lenders; provided that at any time there are two or more Consenting Revolving Lenders who are not affiliates of one another, “Required Consenting Revolving Lenders” shall in no event mean fewer than two such Consenting Revolving Lenders who are not affiliates of one another.

Required Consenting Term Lenders has the meaning set forth in the Form of Plan.

Required Consenting Term Lenders means, as of any date of determination, those Supporting Term Lenders holding at least 66 2/3% of the aggregate outstanding principal amount of the Term Loan Claims held by Supporting Term Lenders. For purposes of this definition, the term “Supporting Term Lenders” excludes any Holder of Term Loan Claims that, on the relevant date of determination, is in breach of any of its material obligations under the Plan Support Agreement.