Backstop Agreement definition

Backstop Agreement has the meaning set forth in the recitals to this Agreement.

Backstop Agreement means that certain backstop commitment agreement by and among the Backstop Parties, Valaris, and the other Debtor parties thereto, as amended by that certain amended backstop commitment agreement, dated February 5, 2021, by and among the Backstop Parties, Valaris, and the other Debtor parties thereto, as may be further amended, supplemented, or modified from time to time, setting forth, among other things, the terms and conditions of the Rights Offering and the Backstop Commitments, attached as Exhibit 2 to the Restructuring Term Sheet.

Backstop Agreement means that certain Backstop Agreement, dated as of August 9, 2015, by and among EFH Corp., EFIH, New EFH, and the Backstop Purchasers, as may be amended, supplemented, or otherwise modified from time to time in accordance therewith, including all exhibits attached thereto.

Examples of Backstop Agreement in a sentence

• To the extent not previously assumed pursuant to an order of the Bankruptcy Court, the Backstop Agreement shall be assumed pursuant to the Confirmation Order and the Debtors shall continue to perform thereunder and comply therewith in all respects during the period through and including the Effective Date.

• For the avoidance of doubt, any DIP Claims and claims relating to the Backstop Agreement shall not be subject to the Administrative Claims Bar Date or the Claims Bar Date.

• In light of the Order, and at the request of [SUBDIVISION], the [SUBDIVISION], its counsel [COUNSEL], and the California Attorney General, on behalf of the State of California, are entering into this California-Subdivision Backstop Agreement (Backstop Agreement).

• On the Effective Date, the rights and obligations of the Debtors under the Backstop Agreement shall vest in the Reorganized Debtors.

• Issuance of the New Secured NotesOn the Effective Date, New Valaris Holdco will issue New Secured Notes, on the terms set forth in the Backstop Agreement, the Rights Offering Procedures, the New Secured Notes Term Sheet, and the Plan.

More Definitions of Backstop Agreement

Backstop Agreement means the backstop agreement dated November 13, 2013 (as amended from time to time) between certain Noteholders, Jaguar, MCT, MSOL and MTL, together with any Backstop Consent Agreements executed by other parties from time to time;

Backstop Agreement means (i) that certain Agreement for Purchase of Unsubscribed Firm Capacity and Rate Agreement for Rate Schedule MN365 dated June 26, 1998, between Pipeline and Mobil Natural Gas Inc. and (ii) that certain Backstop Service Agreement for Rate Schedule MN365 dated June 26, 1998, between Pipeline and Mobil Natural Gas Inc., both of which were filed on January 22, 1999 with the Commission as part of Pipeline's amendment application in Docket No.CP96-809.

Backstop Agreement means the Backstop Agreement that shall be included in the Plan Supplement in substantially final form, the terms of which shall be consistent with the Restructuring Term Sheet and otherwise acceptable to the Consortium and the Reorganized Debtors.

Backstop Agreement shall have the meaning given in the Recitals hereto.

Backstop Agreement means that certain Backstop Security Support Agreement entered into on November 2, 2015 by an individual investor and the Company, as amended to date.

Backstop Agreement means that certain backstop agreement, dated as of August 18, 2020, by and among the Backstop Parties, Valaris, and the other Debtor parties thereto, as may be amended, supplemented, or modified from time to time, setting forth, among other things, the terms and conditions of the Rights Offering and the Backstop Commitments, attached as Exhibit B to the Restructuring Term Sheet.

Backstop Agreement means that certain Amended and Restated Backstop Facility Agreement, dated as of January 10, 2022, by and between Trebia Acquisition Corp. and Cannae Holdings, Inc., which amends and restates that certain Backstop Facility Agreement, dated as of June 28, 2021, by and between Trebia Acquisition Corp. and Cannae Holdings, Inc. (as it may be further amended or otherwise modified from time to time).