Restructuring Support Agreement definition
Examples of Restructuring Support Agreement in a sentence
Prior to or substantially concurrently with the effectiveness of this Agreement, the Restructuring Conditions Precedent set forth and defined in the Restructuring Support Agreement shall have been satisfied or waived in accordance with the terms thereof.
Prior to or substantially concurrently with the effectiveness of this Agreement, the Restructuring Plan (as defined in the Restructuring Support Agreement) shall be consummated (or become effective, as applicable) and an order recognizing the Sanction Orders (as defined in the Restructuring Support Agreement) shall have been entered in the Chapter 15 Proceedings (as defined in the Restructuring Support Agreement).
The proceeds of the Loans are being used (a) to consummate the transactions contemplated by the Restructuring Support Agreement and the Restructuring Plan (including, without limitation, the refinancing, exchange, compromise or discharge of certain existing Indebtedness of the Borrower and its Subsidiaries), (b) to pay fees, costs and expenses incurred in connection with the foregoing and the Transactions and (c) for general corporate purposes of the Borrower and its Restricted Subsidiaries.
On March 17, 2026, the Company entered into a Restructuring Support Agreement by and among the Company, certain of the Company’s subsidiaries (collectively with the Company, the “Group”), and certain of the Group’s lenders and noteholders (together with all exhibits, annexes, schedules, and appendices thereto, the “Restructuring Support Agreement”) setting forth the terms and conditions to govern a recapitalization of the Group’s outstanding indebtedness (the “Restructuring Transaction”).
As of the Closing Date, the Lenders hereby consent to this Agreement, the Restructuring Support Agreement, the transactions contemplated by the CoreCo-BlockerCo & FLNG2 Management Agreement, and the other transactions contemplated by the Restructuring Support Agreement and any other Transaction.