Consenting First Lien Lenders definition
Examples of Consenting First Lien Lenders in a sentence
Likewise, the DIP Lenders, Initial Consenting First Lien Lenders, Avenue Capital, Black Diamond and Trilogy have made substantial contributions to the success of the Plan including DIP financing, exit financing, and funding of the Global Settlement with the Committee.
The initial board of directors of Reorganized TER will consist of five (5) members, comprised of individuals to be designated by the Consenting First Lien Lenders.
If, however, the Consenting First Lien Lenders terminate the Forbearance Agreement prior to the Confirmation Date or the First Lien Lenders cease to forbear from exercising remedies against non-Debtor guarantors under the Holding First Lien Secured Term Loan prior to the Confirmation Date or fail to vote in favor of the Plan in accordance with section 1126(c) of the Bankruptcy Code, then the Debtors reserve the right to seek Reinstatement of the Holding First Lien Secured Term Loan Claims.
On the Effective Date, the Reorganized Debtors shall enter into such new employment and severance policies and compensation and benefit plans, policies, and programs, on terms and conditions and in form and substance acceptable to the Consenting First Lien Lenders, as shall be set forth in the Plan Supplement.
Stop Work Order In addition to the penalties listed in Section 116.702 above, if construction activities are conducted contrary to the provisions of this code or approved final stormwater management plans, the City Engineer may order the work stopped, by notice, in writing, served on any person engaged in the doing or causing of such work to be done.