Extract to table

The Comprehensive Term Sheet shall reflect any feedback received from the Ad Hoc Group on the Preliminary Term Sheet and shall be in sufficient detail to facilitate meaningful negotiation among all constituencies

01 of the Credit Agreement) shall have executed a binding Restructuring Support Agreement on terms acceptable to the Ad Hoc Group, the Borrowers, and — to the extent required — the other creditor constituencies; or (b) if an RSA has not been finalized but negotiations are progressing in good faith and material progress has been achieved (as determined in the reasonable judgment of the Ad Hoc Group), the parties shall have agreed to a further extension of the forbearance on mutually acceptable terms to be negotiated at that time

The failure of TSL to satisfy any of the foregoing milestones within the time periods specified shall constitute a "Termination Event" under the First Amendment, upon the occurrence of which the Ad Hoc Group (acting through Nordbank as Administrative Agent) may terminate the forbearance upon five (5) business days' prior written notice to the Borrowers, at which point all rights and remedies of the Lenders under the Credit Agreement and applicable law shall be fully restored

Such statements shall be prepared in accordance with International Financial Reporting Standards ("IFRS"), applied on a basis consistent with TSL's audited financial statements, and shall be accompanied by a certificate of TSL's Chief Financial Officer confirming their accuracy and completeness in all material respects

TSL shall cause its senior management — including Mr

The parties shall use reasonable efforts to coordinate the scheduling of such calls in advance