Examples of Initial Consenting Creditors in a sentence
Work Fees On the Restructuring Effective Date, either NewCo or the Peruvian OpCos shall pay, from existing working capital or the proceeds of the New Money Facility, to each of the Initial Consenting Creditors and HSBC-HK an amount equal to 1.5% of their respective Senior Claims as of 2 March 2021, provided that the Initial Consenting Creditors and HSBC-HK are party to this Agreement as Consenting Creditors and are Senior Creditors on the Restructuring Effective Date.
All Parties agree to this Agreement and its Schedules being publicly disclosed by the Company (except for Schedule 1 (The Initial Consenting Creditors), which shall not be disclosed to any person other than the Initial Parties, ING and the Information Agent).
This Term Sheet forms a schedule to the restructuring support agreement dated 14 March 2018 between, amongst others, the Company, the Initial Consenting Creditors and the Fronting Banks, as amended on 28 September 2018 and as amended and restated on 5 November 2018 (the “Restructuring Support Agreement”).
The Alternative Recapitalization shall be proposed for the purpose of implementing the Recapitalization except that the Companies shall be entitled, with the consent of the Initial Consenting Creditors, to make such amendments as the Companies may deem appropriate to achieve the desired result.
This Agreement shall become effective and binding upon the Restructuring Support Parties when counterpart signature pages to this Agreement have been executed and delivered by the Debtors, and each of the Initial Consenting Creditors holding, in the aggregate, more than 50% of the aggregate outstanding principal amount of the First Lien Notes (the date and time this Agreement becomes effective and binding upon the Restructuring Support Parties, the “Restructuring Support Effective Date”).