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Master Restructure Agreement means the Master Restructure and Debt Exchange Agreement, dated as of the date hereof, among Pac-Van, GFNA, the lenders party to the Existing Investment Agreement and the Administrative Agent.

Advantages of a Restructuring Plan The company can compromise both the claims of secured and unsecured creditors. It can bind dissenting creditors when in other rescue procedures they could block the rescue. An all encompassing procedure whereas previous restructuring may have involved a separate scheme and a CVA.

An agreement entered into by a borrower and its lenders in the course of a restructuring of the borrower's debts. The agreement sets out the basis on which those lenders will continue to lend to the borrower and may, for example, consolidate all the outstanding lending arrangements into one master agreement.

At its core, an RSA acts as a 'lockup agreement,' ensuring that the signing stakeholders ? usually financial creditors, but sometimes shareholders or other stakeholders too ? will support and not vote against a plan that is consistent with the terms of the agreed restructuring.

A Restructuring Plan is a formal arrangement between a company and its creditors and/or its shareholders. It may be used by companies facing financial difficulties that are capable of being rescued as a going concern (there is no need to wait for imminent insolvency).

A restructuring support agreement is a legally binding contract that protects both debtors and creditors in a bankruptcy proceeding by outlining the responsibilities of each in a consistent and agreed-upon manner. A restructuring support agreement is sometimes referred to as a plan support agreement.

Changes in a company's organizational structure, such as decreasing its hierarchy level, revamping job roles, shrinking the workforce, and modifying reporting connections, are all examples of operational restructuring.

Challenges of debt restructuring Some of these negative impacts include lower credit rating, higher borrowing costs or dilution of ownership. Lastly, it can create moral hazard or adverse selection problems by encouraging the debtor to overborrow or underperform, or by attracting opportunistic creditors.