Restructuring Plans · glossary
A payment to noteholders who join the lock-up in time and then vote for the plan. Valkenrade’s is €1 for every €100, open to every noteholder on the same terms and paid only if the plan takes effect. A large fee for a few could split their class. Lock-up Agreement, as summarised, paragraph 6.4 · Chapter 4 · see Class, Lock-up
Explained in Chapter 4, The Lock-up Agreement: Undertakings and Consent Fee, of Restructuring Plans.
A consent fee is a payment to noteholders who sign the lock-up and then vote for the plan. It rewards them for committing early, before the outcome is known.Read Chapter 4, The Lock-up Agreement: Undertakings and Consent Fee →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Restructuring Plans and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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