Required Supporting Creditors definition

Required Supporting Creditors means, as of any date of determination, the Supporting Creditors who own or control as of such date at least 66.67% of the aggregate outstanding principal amount of the Second Lien Notes Claims held by the Supporting Creditors.
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Required Supporting Creditors has the meaning assigned thereto in the Restructuring Term Sheet.
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Required Supporting Creditors means, at any relevant time, the Supporting Creditors holding greater than 50.0% of the outstanding principal amount of Loans held by Supporting Creditors.
Sample 1Sample 2

Examples of Required Supporting Creditors in a sentence

  • Following Confirmation, the Plan will be consummated on the Effective Date, which is a date that is the first Business Day after the Confirmation Date on which (1) no stay of the Confirmation Order is in effect, (2) all conditions to Consummation have been satisfied or waived (see Article IX of the Plan), and (3) the Debtors, with the consent of the Required Supporting Creditors, declare the Plan effective.

  • Except as set forth in Section 13(b), this Agreement, including any exhibits or schedules hereto, may not be waived, modified, amended or supplemented except with the written consent of the Company and the Required Supporting Creditors.

  • Receipts will be provided to consumers for medications and all other valuables held by staff.Consumers will have access to their own medications.Consumers may not have access to other consumers‟ medication.All consumers will be given their medication bottles or reminded to take medication bottles on discharge from the facility.Each emergency housing facility shall have an approved policy for disposal of used syringes and for timely and safe disposal of medications left by consumers at discharge or exit.

  • Subject to the limitations contained in the Plan, and with the consent of the Required Supporting Creditors and the Committee (such consent not to be unreasonably withheld, conditioned, or delayed), the Debtors reserve the right to modify the Plan prior to Confirmation and seek Confirmation consistent with the Bankruptcy Code and, as appropriate, not resolicit votes on such modified Plan.

  • Those programs/divisions include: Grants and Special Programs (repair program, Affordable Housing Fund, federal housing grants such as HOME and CDBG); Social Services, Planning, Zoning, Code Enforcement, Public Safety (Sheriff and Police), Vacant and Blighted Property, Infill and Redevelopment, Land Bank.

  • The Plan and all supporting and implementing documentation (including all briefs and other pleadings filed in support thereof, all documents filed as part of the Plan Supplement, and the Confirmation Order) shall be in form and substance acceptable to the Debtors and the Required Supporting Creditors.

  • Notwithstanding the foregoing, the Plan, the Confirmation Order, the Disclosure Statement, the DIP Documents, and the documents comprising the Plan Supplement shall be in form and substance acceptable to the Required Supporting Creditors.

  • The New Organizational Documents shall be in form and substance acceptable to the Debtors and Required Supporting Creditors.

  • The Debtors, subject to the terms and conditions of the Plan and the Restructuring Support Agreement (including the requirement that the Plan be in form and substance acceptable to the Required Supporting Creditors), reserve the right to modify the terms and conditions of the Plan as necessary for Confirmation.

  • Executory Contracts and Unexpired Leases The Debtors shall seek to assume or reject executory contracts and unexpired leases in consultation with the Supporting Creditors and with the consent (such consent not to be unreasonably withheld) of the Required Supporting Creditors.


More Definitions of Required Supporting Creditors

Required Supporting Creditors has the meaning assigned thereto in the Plan.
Sample 1
Required Supporting Creditors has the meaning assigned thereto in the Plan. “Restructuring Transactions” has the meaning assigned thereto in the Plan. “Rights Offering” means the rights offering that is backstopped by the Backstop Parties substantially on the terms reflected in the RSA and this Agreement, and in accordance with the Rights Offering Procedures.
Sample 1

Related to Required Supporting Creditors

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • Closing protection letter means an agreement by the division to indemnify a lender or owner or both for loss caused by a division closer’s theft of settlement funds or failure to comply with written closing instructions relating to title certificate coverage when agreed to by the division closer.

  • Required Secured Parties has the meaning given to it in the Intercreditor Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Backstop Parties means, collectively, the Initial Backstop Parties and the Additional Backstop Parties.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Designated Senior Representative means (i) if at any time there is only one Senior Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the Applicable Authorized Representative (as defined in the First Lien Intercreditor Agreement) at such time.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Disclosure Statement Order means the order of the Bankruptcy Court approving the Disclosure Statement.

  • Disclosure Statement means the written disclosure statement that relates to this Plan, as approved by the Bankruptcy Court pursuant to section 1125 of the Bankruptcy Code and Bankruptcy Rule 3017, as such disclosure statement may be amended, modified or supplemented from time to time.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Second Lien Agent means has the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • Existing Credit Agreements has the meaning set forth in the recitals hereto.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Term Loan Claims means any Claim on account of, arising under, derived from, or based upon the Term Loan Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • DIP means debtor-in-possession.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.