Requisite Commitment Parties definition

Requisite Commitment Parties means Commitment Parties holding Commitments constituting at least sixty-six and two-thirds percent (66-2/3%) of the Aggregate Commitment at the time of the relevant determination.

Requisite Commitment Parties means the Commitment Parties holding at least a majority of the aggregate Backstop Commitment Percentages as of the date on which the consent or approval is solicited; provided, however, the votes and commitments of any Defaulting Commitment Party shall be excluded from the calculation of Backstop Commitment Percentages for purposes of this definition.

Requisite Commitment Parties means (a) HoldCo Noteholder Commitment Parties holding at least sixty-six and two-thirds percent (66-2/3%) of all outstanding HoldCo Noteholders Backstop Commitments at the time of the relevant determination and (b) HoldCo Equityholders Commitment Parties holding at least sixty-six and two-thirds percent (66-2/3%) of all outstanding HoldCo Equityholders Backstop Commitments at the time of the relevant determination, in the case of each of (a) and (b), voting as a separate class.

Examples of Requisite Commitment Parties in a sentence

• This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time prior to the Closing Date by mutual written consent of the Company and the Requisite Commitment Parties.

• The Bankruptcy Court shall have entered the Confirmation Order in form and substance reasonably satisfactory to the Requisite Commitment Parties, and such Order shall be a Final Order.

• The Subscription Expiration Deadline may be extended with the consent of the Requisite Commitment Parties, or as required by law.

• Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned by any Party (whether by operation of Law or otherwise) without the prior written consent of the Company and the Requisite Commitment Parties, other than an assignment by a Commitment Party expressly permitted by Section 2.3 or Section 2.6 and any purported assignment in violation of this Section 10.2 shall be void ab initio.

• Notwithstanding the foregoing, the Commitment Schedule shall be revised as necessary without requiring a written instrument signed by the Company and the Requisite Commitment Parties to reflect changes in the composition of the Commitment Parties and Commitment Percentages as a result of Transfers permitted in accordance with the terms and conditions of this Agreement.

More Definitions of Requisite Commitment Parties

Requisite Commitment Parties means, as of the date of determination, First Lien Exit Facility Commitment Parties who have committed to provide a majority of the aggregate principal amount of the term loans pursuant to the First Lien Exit Facility.

Requisite Commitment Parties means members of the Ad Hoc Committee holding at least 50 percent of the Backstop Commitment that is held by the Commitment Parties that are members of the Ad Hoc Committee as of the date on which the consent or approval of such members is solicited; provided, that for the purposes of this definition, each Commitment Party shall be deemed to hold the Backstop Commitment held by such Commitment Party’s Related Purchasers.

Requisite Commitment Parties means the Required Consenting Stakeholders (as defined in the RSA).

Requisite Commitment Parties means Commitment Parties holding at least 50.1% of the aggregate Backstop Commitments.

Requisite Commitment Parties means the Senior Commitment Parties holding at least two-thirds of the aggregate Rights Offering Backstop Commitments as of the date on which the consent or approval of such members is solicited.

Requisite Commitment Parties means the Commitment Parties holding at least sixty-six and two-thirds percent (66 2/3%) of the aggregate Commitments as of the date on which the consent or approval of the Requisite Commitment Parties is solicited.

Requisite Commitment Parties means, both (i) each Consenting 2024 Noteholder (as defined in the PSA) holding at least 18% of the aggregate principal amount of outstanding 2024 Notes Claims and (ii) Commitment Parties holding, in aggregate, a percentage of the aggregate principal amount of outstanding 2024 Notes Claims held by all Consenting 2024 Noteholders equal to at least 50.1% of the aggregate principal amount of outstanding 2024 Notes Claims held by all Consenting 2024 Noteholders, as of the date on which the consent or approval is solicited; provided, however, that the votes and commitments of any Defaulting Commitment Party shall be excluded from the calculation of Backstop Commitment Percentages for purposes of this definition.