Restructuring Agreement. An execution copy of the Restructuring and Lock-Up Agreement dated as of May 22, 2008 (the “Restructuring Agreement”)among, inter alia, Vertis, various other Affiliates of ▇▇▇▇▇▇ and the holders of the 2003 Senior Secured Notes, the February 2003 Senior Subordinated Notes, the 2002 Senior Notes and the Mezzanine Notes (each as defined in the Existing Credit Agreement) party thereto or to agreements (each, an “Ancillary Noteholder Agreement” and, together, the “Ancillary Noteholder Agreements”) entered into by ▇▇▇▇▇▇ and/or one or more other Transaction Parties in connection therewith and a certificate executed by the chief financial officer of ▇▇▇▇▇▇ stating that (I) the Restructuring Agreement and/or the Ancillary Noteholder Agreements have been executed and delivered by the ▇▇▇▇▇▇ Parties (as defined in the Restructuring Agreement), the ACG Parties (as defined in the Restructuring Agreement), the holders of at least 66-2/3% of the outstanding principal amount of each of the 2003 Senior Secured Notes, the February 2003 Senior Subordinated Notes and the 2002 Senior Notes and the holders of at least 60% of the outstanding principal amount of ACG Second Lien Notes (as defined in the Restructuring Agreement) and are in effect; and (II) Ancillary Noteholder Agreements have been executed by the ▇▇▇▇▇▇ Parties thereto and the legal and/or beneficial holders of a substantial majority of the outstanding principal amount of the Mezzanine Notes (the “Majority Mezzanine Holders”), contain provisions pursuant to which the Majority Mezzanine Holders have agreed to support (and/or to cause the legal holders thereof to support) the transactions contemplated in the Restructuring Agreement and are in effect.
Appears in 1 contract
Sources: Forbearance Agreement (Vertis Inc)
Restructuring Agreement. An execution copy of the Restructuring and Lock-Up Agreement dated as of May 22, 2008 (the “Restructuring Agreement”)amongAgreement”) among, inter alia, VertisBorrower, various other Affiliates of ▇▇▇▇▇▇ Credit Parties and the holders of the 2003 Senior Secured Notes, the February 2003 Senior Subordinated Notes, the 2002 Senior Notes and the Mezzanine Notes (each as defined in the Existing Credit Agreement) party thereto or to agreements (each, an “Ancillary Noteholder Agreement” and, together, the “Ancillary Noteholder Agreements”) entered into by ▇▇▇▇▇▇ Borrower and/or one or more other Transaction Credit Parties in connection therewith and a certificate executed by the chief financial officer of ▇▇▇▇▇▇ Borrower stating that (I) the Restructuring Agreement and/or the Ancillary Noteholder Agreements have been executed and delivered by the ▇▇▇▇▇▇ Parties (as defined in the Restructuring Agreement), the ACG Parties (as defined in the Restructuring Agreement), the holders of at least 66-2/3% of the outstanding principal amount of each of the 2003 Senior Secured Notes, the February 2003 Senior Subordinated Notes and the 2002 Senior Notes and the holders of at least 60% of the outstanding principal amount of ACG Second Lien Notes (as defined in the Restructuring Agreement) and are in effect; and (II) Ancillary Noteholder Agreements have been executed by the ▇▇▇▇▇▇ Parties thereto and the legal and/or beneficial holders of a substantial majority of the outstanding principal amount of the Mezzanine Notes (the “Majority Mezzanine Holders”), contain provisions pursuant to which the Majority Mezzanine Holders have agreed to support (and/or to cause the legal holders thereof to support) the transactions contemplated in the Restructuring Agreement and are in effect.
Appears in 1 contract
Sources: Forbearance Agreement (Vertis Inc)