Ad Hoc Group definition

Ad Hoc Group means the ad hoc group of Consenting Noteholders advised by the Ad Hoc Group Advisers.

Ad Hoc Group means the ad hoc group of noteholders represented by Kramer Levin Naftalis & Frankel LLP, Akin Gump LLP, Houlihan Lokey, and Porter Hedges LLP.

Ad Hoc Group means the ad hoc group of lenders consisting of certain lenders (and/or their investment managers) under the Senior Secured Credit Agreement, as referred to in the DIP Financing Order as the “Ad Hoc Group of Senior Secured Lenders.”

Examples of Ad Hoc Group in a sentence

• On January 22, 2020, the Debtors executed a restructuring support agreement (the “RSA”) with members of the Ad Hoc Group, pursuant to which the members of the Ad Hoc Group agreed to support a chapter 11 plan.

• On the Effective Date, the New Valaris Holdco Board shall consist of seven members, comprised of (i) the Chief Executive Officer of New Valaris Holdco; (ii) four members nominated by the Ad Hoc Group; and(iii) two members nominated by a majority of Holders by principal amount of Credit Facility Claims.

• An Ad Hoc Group with balanced representation could be established to assist in the evaluation of the candidates.

• The effectuating documents of any such transaction with a value in excess of $90 million shall be in form and substance reasonably satisfactory to the Ad Hoc Group and the Rights Offering Sponsors.

• If the Debtors or Reorganized Debtors, as applicable, the Credit Facility Agent or the Ad Hoc Group dispute the reasonableness of any such invoice, the Debtors or Reorganized Debtors, as applicable, or the affected Professional may submit such dispute to the Bankruptcy Court for a determination of the reasonableness of any such invoice, and the disputed portion of such invoice shall not be paid until the dispute is resolved.

More Definitions of Ad Hoc Group

Ad Hoc Group means the ad hoc group of noteholders represented by Xxxxxx Xxxxx, Xxxx Xxxx, Xxxxxxxx Xxxxx, and Xxxxxx Xxxxxx LLP.

Ad Hoc Group means the ad hoc group of certain Lenders under the Prepetition Credit Agreement represented by the Ad Hoc Group Advisors.

Ad Hoc Group means the Consenting Term Loan Lenders that are members of an ad hoc group represented by Gibson Dunn.

Ad Hoc Group means that certain ad hoc group of Holders of Syndicated Facility Claims represented by Kirkland & Ellis LLP.

Ad Hoc Group means that certain group of Holders of Senior Notes represented by the Consenting Noteholders’ Advisors.

Ad Hoc Group means the ad hoc group of Club Lenders and Noteholders represented by Xxxxxxxx & Xxxxx LLP as such group is constituted from time to time.

Ad Hoc Group means the group or committee of Consenting First Lien Term Lenders and Consenting Second Lien Term Lenders represented by Gibson Dunn & Crutcher LLP, as counsel.