Restructuring Support Agreements definition
Examples of Restructuring Support Agreements in a sentence
Except as otherwise specifically provided in the Plan and subject to and not limiting the respective rights of each party to the Restructuring Support Agreements or the ▇▇▇▇▇▇ Agreement, the Debtors reserve the right to modify the Plan, whether such modification is material or immaterial, and seek Confirmation consistent with the Bankruptcy Code and, as appropriate, unless otherwise ordered by the Bankruptcy Court, not resolicit votes on such modified Plan.
The Debtors reserve the right, subject to the Restructuring Support Agreements, to revoke or withdraw the Plan prior to the Confirmation Date and to file subsequent plans of reorganization.
On the Effective Date, pursuant to the Restructuring Support Agreements, the Debtors, the Subsidiary-Guaranteed Notes Trustee, the Unsecured Creditors Committee, the Ad Hoc Group of First Lien Bank Lenders, the Ad Hoc Group of First Lien Noteholders, and the Second Priority Noteholders Committee will consent to the dismissal, as moot, of any currently pending adversary proceedings, claim objections, and appeals involving such parties related to the Chapter 11 Cases.
Solicitation Period In the event that the Company obtains executed Restructuring Support Agreements from the Requisite Participating Lenders, the Company shall commence a pre-packaged solicitation of the Plan with a voting deadline as provided for under the Restructuring Support Agreement (the “Solicitation Period”), such that the Plan could become effective no later than December 16, 2013 or such later date as provided for under the Restructuring Support Agreement.
Transaction Overview Implementation: The Company will commence the Chapter 11 Case and implement the Restructuring pursuant to the Plan as provided in the Restructuring Support Agreements.
Payments Upon execution of the Restructuring Support Agreements and until the commencement of chapter 11 proceedings, Company to pay monthly interest payments to the Senior Lenders (including all interest then accrued and unpaid) and reimburse all legal fees and expenses of Sidley Austin LLP, as the Agent’s counsel, and ▇▇▇▇▇▇ Del Genio, as Agent’s financial advisor, in accordance with the terms of their respective engagement letters.
The Company shall comply with its obligations under the Restructuring Support Agreements.
Other Terms Acceptable to the Required Parties in accordance with the applicable Restructuring Support Agreements.
Implementation: The Company will commence the Chapter 11 Case and implement the Restructuring pursuant to the Plan as provided in the Restructuring Support Agreements.
The Definitive Documents will contain terms, conditions, representations, warranties, and covenants, each customary for the transactions described herein consistent with the terms of this Term Sheet, and in accordance with the applicable Restructuring Support Agreements.