Restructuring Conditions definition
Examples of Restructuring Conditions in a sentence
Following the issuance of the RED Notice, the Deed Company, the Deed Administrators, Holdco and Opco (among others) shall, execute, for and on behalf of themselves and the Deed Company Creditors pursuant to the power of attorney set out in Clause 7.3 (Appointment of Deed Company as Attorney) (as applicable) the Restructuring Implementation Deed following which the parties thereto shall use their reasonable endeavours to satisfy the Restructuring Conditions as soon as reasonably practicable.
Following the issuance of the RED Notice, the Deed Administrators, Holdco and Opco (among others) shall, execute, for and on behalf of themselves and the Deed Company Creditors pursuant to the power of attorney set out in Clause 7.3 the Restructuring Implementation Deed following which the parties thereto shall use their reasonable endeavours to satisfy the Restructuring Conditions as soon as reasonably practicable.
From and after the BRG Restructuring Effective Date (subject only to compliance with the BRG Restructuring Conditions), (x) the Initial BRG Sponsor shall have no obligations or liabilities whatsoever to the Lenders including but not limited to under the Loan Documents, and (y) all references herein or under any of the Loan Documents to “BRG Sponsor” shall instead mean and refer to the Replacement BRG Sponsor and not to Bluerock Residential Growth REIT, Inc.
The restructuring or Refinancing, if any, of Other Bilateral Debt, shall have been performed in compliance with the Other Bilateral Debt Restructuring Conditions and Aracruz Celulose shall have provided a certificate signed by the Chief Financial Officer of Aracruz Celulose to such effect.
The following conditions (the "Restructuring Conditions") shall be conditions precedent to the obligations of the parties hereunder, and all of such Restructuring Conditions will be effected as simultaneously as practical.
Subsection 8.15 of the Credit Agreement is hereby amended by adding immediately prior to the ":" at the end thereof the following new parenthetical phrase: "(provided, however, that the consummation of the Hennepin Project Restructuring shall not constitute an Event of Default under this subsection 8.15 so long as the Hennepin Project Restructuring Conditions are satisfied)".
Schedule 2.6.1(a)(i) hereof sets forth the relevant information with respect to the Borrower Property Account, and as required by the Restructuring Conditions, will be amended in connection with the Restructuring to reflect the relevant information with respect to the Operating Lessee Property Account.
Subsection 8.15 of the Credit Agreement is hereby amended by inserting immediately prior to the ")" at the end of the last parenthetical phrase contained therein the following: "; and provided, further, however, that the consummation of the Onondaga Project Restructuring shall not constitute an Event of Default under this subsection 8.15 so long as the Onondaga Project Restructuring Conditions are satisfied".
Schedule 2.6.1(a)(v) hereof sets forth the relevant information with respect to the Borrower Operating Account, and as required by the Restructuring Conditions, will be amended in connection with the Restructuring to reflect the relevant information with respect to the Operating Lessee Operating Account.
Each Consenting Lender agrees to the Restructuring, as set forth herein and in the Restructuring Term Sheet, subject to the Restructuring Conditions, the other conditions set forth herein, and the conditions set forth in the Restructuring Term Sheet.