Common use of Restructuring Plan Clause in Contracts

Restructuring Plan. The Borrower shall have provided to the Agent a non-binding preliminary term sheet for a stand-alone restructuring plan for the Borrower, and a preliminary analysis of how the Borrower would propose to implement such plan. Such term sheet shall be substantially identical to the term sheet for a stand-alone restructuring provided to the Consenting Noteholders.

Appears in 2 contracts

Sources: Credit Agreement (American Color Graphics Inc), Consent Agreement (American Color Graphics Inc)