Summary of Principal Terms. Subject to the terms and conditions of the License and Collaboration Agreement, Zealand Pharma has an option to Co-Promote Products in the Shared Co-Promotion Territory and the Exclusive Co-Promotion Territory. This schedule outlines the framework for this part of the collaboration, which the Parties agree to memorialize in a definitive agreement or agreements (each a “Co-Promotion Agreement”) should Zealand Pharma exercise any of its options with respect to Co-Promotion.
Summary of Principal Terms. The following is the summary of principal terms in respect of this Lease:
Summary of Principal Terms. Borrower California Resources Corporation, a Delaware corporation, as borrower and a reorganized debtor (the “Borrower”). Guarantors Each direct or indirect material wholly owned subsidiary of the Borrower, subject to certain exceptions to be agreed (the “Guarantors” and, together with the Borrower, the “Loan Parties”), it being understood and agreed that (i) each subsidiary of the Borrower that is an obligor under the DIP Term Facility or the First Lien Exit Facility (as defined herein) shall be a Guarantor and (ii) the Elk Hills Entities (as defined herein) shall not be Guarantors.
Summary of Principal Terms. 3.1 The principal terms and conditions of the sale of the Land comprise the following:
Summary of Principal Terms. Appointment of a non-executive director ● Xxxxx is entitled to nominate one non-executive director (the “Oasis Nominee”) to the Board of Premier (the “Board”). ● The Oasis Nominee will be appointed to the Remuneration Committee of the Board. ● The Oasis Nominee will resign as a director of Board and the Relationship Agreement will terminate: (i) if Oasis breaches the Relationship Agreement in any material respect; (ii) if Oasis ceases to hold at least 7% of the ordinary share capital of Premier at any time or Oasis does not acquire, in aggregate, a holding of 10% of the ordinary share capital of Premier by 30 June 2018 (excluding any non-preemptive issues of new ordinary shares by Premier); (iii) if Oasis elects to terminate the Relationship Agreement on 5 business days’ notice; or (iv) on the day following the 2019 Annual General Meeting of Premier. ● The Oasis Nominee will be subject to annual re-election by Premier’s shareholders. The Board will re-nominate the Oasis Nominee for re-election at the 2017 and 2018 Annual General Meetings of Premier.
Summary of Principal Terms. DIP Facility Borrower Fieldwood Energy LLC, as a debtor and debtor-in-possession (the “DIP Facility Borrower”). Guarantors Fieldwood Energy Inc. and each subsidiary of the DIP Facility Borrower that is a Debtor, each as a debtor and debtor-in-possession (the “Guarantors” and, together with the DIP Facility Borrower, the “Loan Parties”), it being understood and agreed that each subsidiary of the DIP Facility Borrower that is an obligor under any of the Prepetition Facilities (as defined below) shall be a Guarantor. DIP Facility Agent Xxxxxx Xxxxxxxxxx Securities (“Cantor”), as administrative agent and collateral agent (in such capacities, the “DIP Facility Agent”) DIP Lenders The entities specified on Exhibit D to the Restructuring Support Agreement, each of which is a lender (or manages funds or other entities that are lenders) under the Prepetition FLTL Credit Agreement (as defined below) on the Petition Date (as defined below), or an affiliate or related fund that is a designee of any of the foregoing, as lenders under the DIP Facility (in such capacities, together with their successors and permitted assigns, collectively, the “DIP Lenders”). On the Closing Date (as defined below), the Initial DIP Loan (as defined below) will be made, and all DIP Commitments (as defined below) will be held, by Xxxxxx or another initial DIP Lender as determined by the Requisite DIP Backstop Parties. The Initial DIP Loan will be assigned among the DIP Lenders in accordance with their allocated commitments after the Closing Date. Amount & Type A multiple-draw senior secured debtor-in-possession US dollar term loan credit facility in an aggregate principal amount not to exceed $100 million (the commitments under the DIP Facility, the “DIP Commitments”; the loans under the DIP Facility, the “DIP Loans”), subject to the terms and conditions of this DIP Facility Term Sheet and the DIP Documents. The borrowing of DIP Loans shall permanently decrease the DIP Commitments, and any DIP Loans repaid may not be reborrowed. Upon the Bankruptcy Court’s entry of the Interim DIP Order (as defined below) and upon satisfaction of all other applicable conditions precedent described below, the DIP Facility Borrower shall make an initial draw of DIP Loans in an aggregate amount equal to $10,000,000 (the “Initial DIP Loan”). Thereafter, upon satisfaction of all other applicable conditions precedent described below, the DIP Facility Borrower may make an additional draw of DIP Loans on or prior t...
Summary of Principal Terms. Appointment of a non-executive director • Xxxxx is entitled to nominate one non-executive director (the “Oasis Nominee”) to the Board of Premier (the “Board”). Xxxxx is required to consult with the Chairman of Premier as to the identity of the Oasis Nominee prior to nominating any such person. • The Oasis Nominee will resign as a director of the Board and the Relationship Agreement will terminate: (i) if Oasis breaches the Relationship Agreement in any material respect; (ii) if Oasis ceases to hold at least 10% of the ordinary share capital of Premier at any time (excluding any non- preemptive issues of new ordinary shares by Premier); or (iii) if Oasis elects to terminate the Relationship Agreement, subject to giving 5 business days’ notice. • The Oasis Nominee will be subject to annual re-election by Premier’s shareholders.
Summary of Principal Terms. Co-Borrowers Certain subsidiaries of the Company to be identified (any such subsidiaries that maintain REIT (as defined herein) status, the “REIT Co-Borrowers” and collectively, the “Borrowers”). Guarantors An intermediate holding company to be identified and (i) the subsidiaries that guarantee the Revolving and Term Loan Credit Agreements and/or that have borrowed under or guaranteed the Weberstown Term Loan Agreement (each as defined the Restructuring Term Sheet) and (ii) future domestic wholly owned subsidiaries that are Material Subsidiaries (as defined in the Revolving and Term Loan Credit Agreements) (it being understood that subsidiaries that have issued equity interests in respect of directors’ qualifying shares or to foreign nationals to the extent required by applicable law or custom shall be treated as wholly-owned subsidiaries), subject to exceptions consistent with the Exit Term Loan Documentation Principles. Administrative Agent and Collateral Agent GLAS USA LLC and GLAS AMERICAS LLC, as administrative agent and collateral agent (in such capacities, the “Exit Term Loan Agent”).
Summary of Principal Terms. Borrower Revlon Consumer Products Corporation, as reorganized pursuant to the Plan, or any other wholly-owned subsidiary of Reorganized Holdings acceptable to the Required Consenting BrandCo Lenders (the “Borrower”). Guarantors (i) Reorganized Holdings; (ii) all direct and indirect wholly-owned domestic material subsidiaries of Reorganized Holdings (other than the Borrower and subject to customary exclusions); (iii) Xxxxxxxxx Xxxxx (Canada) Limited, Xxxxxxxxx Xxxxx (UK) Ltd. and Revlon Canada, Inc.; and (iv) the BrandCos, in each case as reorganized pursuant to the Plan (collectively, the “Guarantors” and, together with the Borrower, the “Loan Parties”).
Summary of Principal Terms. Issuer: Chaparral Energy, Inc. (or its reorganized successor, the “Company”). Notes: 9%/13% Second Lien Secured Convertible PIK Toggle Notes (the “New Second Lien Notes”).
