Examples of Supporting Creditors in a sentence
This agreement shall in no way be construed to preclude the Supporting Creditors from acquiring additional Supporting Debt provided, however, that such acquired Indebtedness shall automatically and immediately upon acquisition by a Supporting Creditor be deemed subject to the terms of this agreement (regardless of when or whether notice of such acquisition is given to BLY).
Except where waivers are expressly provided for otherwise, a waiver by a party of a provision of, or of a right under, this agreement that would not have a materially adverse impact on BLY’s and/or any Supporting Creditor’s economic rights and entitlements under the Restructuring Term Sheet shall be binding (i) against BLY, if granted, in writing, by BLY and (ii) all Supporting Creditors, if granted, in writing, by all Initial Supporting Creditors, acting unanimously.
BLY shall promptly notify the Supporting Creditors of any uncured breach by BLY in respect of any of the obligations, representations, warranties or covenants set forth in this agreement by furnishing written notice to the Supporting Creditors pursuant to clause 14 hereof within three (3) business days of actual knowledge of such breach.
Each Supporting Creditor (in respect of itself only) warrants to each other party that each Supporting Creditors Warranty is true and correct at the Commencement Date and on all days following the Commencement Date up to and including the End Date.
Each of the Supporting Creditors will provide a certificate to BLY confirming whether it has breached any of its obligations under this agreement (including a breach of a representation or warranty), and if it has, giving details of such breach.On the day after the Second Court Date:(a) BLY will provide a copy of the sealed Scheme Approval Orders to the Supporting Creditors.