Required Consenting Lenders definition

Required Consenting Lenders means the Required Consenting First Lien Lenders and the Required Consenting Second Lien Lenders.

Required Consenting Lenders means, collectively, the Required Priority Lenders, the Required Consenting First Lien Term Lenders, and the Required Consenting Second Lien Term Lenders.

Required Consenting Lenders means one or more Consenting Lenders that individually or collectively who hold, in the aggregate, greater than fifty percent (50%) of the principal amount of Loan Claims that are held by all such Consenting Lenders.

Examples of Required Consenting Lenders in a sentence

• The Restructuring Transactions may include one or more intercompany mergers, consolidations, amalgamations, arrangements, continuances, restructurings, conversions, dissolutions, transfers, liquidations, or other corporate transactions as may be determined by the Debtors, with the consent of the Required Consenting Lenders, or the Reorganized Debtors, as applicable, to be necessary or appropriate.

• Notwithstanding anything to the contrary in the Plan, the Debtors or the Reorganized Debtors, as applicable, with the consent of the Required Consenting Lenders, reserve the right to alter, amend, modify, or supplement the Schedules identified in Article V of the Plan and in the Plan Supplement at any time through and including 45 days after the Effective Date.

• The Updated Governance Documents shall be in form and substance reasonably satisfactory to the Required Consenting Lenders.

• Among other things, the Updated Governance Documents shall reflect a form of the New Parent Company that provides for a tax efficient treatment satisfactory to the Required Consenting Lenders, in consultation with the Debtors.

• On the Effective Date, each Intercompany Claim shall be reinstated or extinguished in the discretion of the Debtors with the written consent of the Required Consenting Lenders.

More Definitions of Required Consenting Lenders

Required Consenting Lenders means, collectively, the Consenting ABL Lenders and the Majority Consenting Term Lenders.

Required Consenting Lenders means, as of the relevant date, Consenting Lenders holding at least 50.01% of the aggregate outstanding principal amount of Credit Facility Claims that are held by Consenting Lenders at the relevant time.

Required Consenting Lenders means, as of the relevant date, Consenting Lenders holding at least 50.01% of the aggregate outstanding principal amount of the Credit Agreement Claims that are held by the Consenting Lenders.

Required Consenting Lenders means the Required Consenting Lenders as defined in the RSA.

Required Consenting Lenders means the Consenting Lenders representing fifty and one-tenth percent (50.1%) of the aggregate principal amount of the Term Loan Claims held by the Consenting Lenders.

Required Consenting Lenders means, as of any time of determination, the Consenting Lenders that hold, in aggregate on the relevant date, at least a majority in principal amount outstanding of Existing Loans held by the Consenting Lenders.

Required Consenting Lenders means Consenting Lenders holding at least 50.1% of the aggregate principal outstanding amount of Credit Agreement Claims held by all Consenting Lenders; provided that, with respect to the declaration of a termination event as a result of any failure to comply with any Milestone pursuant to Section 11.01(p) hereof, “Required Consenting Lenders” means Consenting Lenders holding at least 66.67% of the aggregate outstanding principal amount of Credit Agreement Claims held by all Consenting Lenders; provided further, that if any Consenting Lender fails to respond to a request for consent, waiver, amendment of or in relation to any of the terms of this Agreement within ten (10) Business Days of that request being made, the outstanding principal amount of such Consenting Lender’s Credit Agreement Claims at such time shall not be included for the purpose of calculating the aggregate outstanding principal amount of Credit Agreement Claims held by all Consenting Lenders at such time when ascertaining whether any relevant percentage of the aggregate outstanding principal amount of Credit Agreement Claims held by all Consenting Lenders has been obtained to approve that request.