Initial Consenting Noteholders definition

Initial Consenting Noteholders means, subject to section 12.7 hereof, the Noteholders that executed the RSA on March 30, 2012.

Initial Consenting Noteholders means the Noteholders that executed the RSA on March 30, 2012.

Initial Consenting Noteholders means the Consenting Noteholders who executed this Agreement on the date first written on the first page of this Agreement.

Examples of Initial Consenting Noteholders in a sentence

• Nothing in this Plan impairs, affects or limits in any way the ability of SFC, the Monitor or the Initial Consenting Noteholders to seek or obtain an Order, whether before or after the Plan Implementation Date, directing that any Unresolved Claims should be disallowed in whole or in part or that such Unresolved Claims should receive the same or similar treatment as is afforded to Equity Claims under the terms of this Plan.

• Unless otherwise agreed between the Monitor, SFC and the Initial Consenting Noteholders, all Existing Shares and Equity Interests shall be fully, finally and irrevocably cancelled in accordance with and at the time specified in section 6.5 hereof.

• SFC shall pay to the Noteholder Advisors and the Initial Consenting Noteholders, as applicable, each such Person’s respective portion of the Expense Reimbursement.

• SFC reserves the right to revoke or withdraw the Plan at any time prior to the Sanction Date, with the consent of the Monitor and the Initial Consenting Noteholders.

• Nothing in this Plan impairs, affects or limits in any way the ability of SFC, the Monitor or the Initial Consenting Noteholders to seek or obtain an Order, whether before or after the Plan Implementation Date, directing that Class Action Indemnity Claims in respect of Noteholder Class Action Claims or any other Claims of the Third Party Defendants should receive the same or similar treatment as is afforded to Class Action Indemnity Claims in respect of Equity Claims under the terms of this Plan.

More Definitions of Initial Consenting Noteholders

Initial Consenting Noteholders means, collectively, the Senior Unsecured Noteholders who are identified as "Initial Consenting Noteholders" in the Support Agreement;

Initial Consenting Noteholders means Noteholders who, on or prior to July 13, 2020 entered into the Support Agreement (including by way of a Joinder Agreement), provided that such Initial Consenting Noteholder continues to hold at least 80% of its respective principal amount of Relevant Senior Unsecured Notes as set out on its signature page to the Support Agreement. "Joinder Agreement" means a joinder agreement, the form of which will be appended to the form of Support Agreement, pursuant to which a Noteholder agrees, among other things, to be bound by and subject to the terms of the Support Agreement and thereby become a Consenting Noteholder. "Majority Commitment Parties" has the meaning given to it in the Commitment Letter. "Majority Initial Consenting Noteholders" means Initial Consenting Noteholders holding not less than 66 2/3% of the aggregate principal amount of the Senior Unsecured Notes held by all Initial Consenting Noteholders. "New 1.5 Lien Notes" means in aggregate the CAD$60 million in new 10% PIK interest convertible secured notes to be issued prior to or concurrent with the completion of the Recapitalization Transaction. "New Shares" means all Common Shares of CWS issued to Senior Unsecured Noteholders pursuant to the Plan. "Noteholders" means, collectively, the Senior Unsecured Noteholders. "Proceedings" means the Company's proceedings under the CBCA pursuant to which the Plan shall be implemented. "Pro Forma Common Shares" means all of the issued and outstanding common shares of CWS, as at immediately following the Effective Time and taking into account the Existing Shareholder Shares and the New Shares, but not taking into account the Backstop Shares issued pursuant to the Plan, and subject to dilution pursuant to conversion of the New 1.5 Lien Notes. "Record Date" means July 13, 2020. "Second Lien Noteholders" means a holder or holders of the Second Lien Notes, in their capacity as such.

Initial Consenting Noteholders means those Consenting Noteholders who execute this Agreement on the Agreement Effective Date.

Initial Consenting Noteholders means the Noteholders that executed the Noteholder Support Agreement as of October 7, 2020;

Initial Consenting Noteholders means the Noteholders that have executed and delivered counterpart signature pages to this Agreement as of the Execution Date.

Initial Consenting Noteholders means the Senior Unsecured Noteholders that executed the Noteholder Support Agreement as of March 28, 2019;

Initial Consenting Noteholders has the meaning ascribed to such term in the Plan Support Agreement.