Backstop Commitment Letters definition

Backstop Commitment Letters means those certain Amended and Restated Chapter 11 Plan Backstop Commitment Letters (as amended, supplemented or otherwise modified from time to time prior to the date of this Agreement in accordance with the terms thereof and the Backstop Approval Order and as may be otherwise permitted under the Plan of Reorganization and the RSA) entered into with the investors party thereto, pursuant to which the Backstop Parties have separately committed to purchase, and will receive as consideration thereunder, shares of Common Stock, on the terms and subject to the conditions of the Backstop Commitment Letters and the Backstop Approval Order.
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Backstop Commitment Letters means those certain letter agreements, as may be amended or modified from time to time in accordance with the terms thereof and the Backstop Approval Order, pursuant to which the Backstop Parties have agreed to purchase shares of New HoldCo Common Stock on the terms and subject to the conditions thereof.
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Backstop Commitment Letters means the amended letter agreements dated around March 2, 2020, or such later date as may be applicable, pursuant to which the parties thereto (other than the Company) have agreed to purchase, on the terms and subject to the conditions thereof, shares of Common Stock to be issued as part of the Plan Funding.
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Examples of Backstop Commitment Letters in a sentence

  • Id. In addition, 211,337,189 shares were issued to nearly 200 entities representing6 Backstop Parties pursuant to the terms of the Backstop Commitment Letters and the Forward7 Stock Purchase Contracts, and 342,105,261 shares of common stock were issued to other private8 investors.

  • New HoldCo Common Stock shall be issued to each Eligible Offeree that exercises its respective subscription rights pursuant to the Rights Offering Procedures and the Plan.16 The consummation of the Rights Offering shall be conditioned on the occurrence of the Effective Date, and any other condition specified in the Backstop Commitment Letters.

  • Second Amended Motion for Entry of Orders (I) Approving Terms of Debtors’ Entry Into and Performance Under, Equity Backstop Commitment Letters, (II) Approving Terms of, and Debtors’ Entry Into and Performance Under, Debt Financing Commitment Letters and (III) Authorizing Incurrence, Payment and Allowance of Related Fees and/or Premiums, Indemnities, Costs and Expenses As Administrative Expense Claims, U.S. Bankruptcy Court for the Northern District of California, Case No. 19-30088, ECF No. 6013, Ex. 4.

  • Debtors’s Second Amended Motion for Entry of Orders (I) Approving Terms of, and Debtors’ Entry into and Performance under, Equity Backstop Commitment Letters, (II) Approving Terms of, and Debtors’ Entry Into And Performance Under, Debt Financing Commitment Letters and (III) Authorizing PG&E has been on notice of the $200 million fine and the potential impact on its backstop financing since the POD was first released on February 27, 2020.

  • Executed Backstop Commitment Letters from certain financial institutions are annexed hereto as Schedule 1, and the Debtors intend to solicit and expect to receive additional Backstop Commitment Letters aggregating up to $14 billion.

  • However, not all U.S. Government securities are backed by the full faith and credit of the United States.

  • Harrington, the United States Trustee for Region 2 (the “United States Trustee”) submits the following objection to the Debtors’ Motion for Entry of an Order (I) Authorizing the Debtors to File Exit Backstop Commitment Letter (the “Exit Backstop Commitment Letter”) and Fee Letters (the “Fee Letters”, together with the Exit Backstop Commitment Letters collectively referred to herein as the “Letters”) Under Seal and (II) Granting Relayed Relief (the “Motion”).

  • To help you make an informed decision, this section will cover banking options, the cost of financial services, changing financial institutions, how to handle transac- tion disputes and banking resources.

  • PG&E also wrote the terms of the Backstop Commitment Letters that it now claims prohibits any Commission fine.

  • An agreement to facilitate the sharing of this information is near final execution, and there are plans to include information from ISBE on ECEC paraprofessionals working in school district settings in future reports.


More Definitions of Backstop Commitment Letters

Backstop Commitment Letters means, individually or collectively, (a) that certain Amended and Restated Backstop Commitment Letter between Lee Enterprises and Goldman Sachs Lending Partners LLC, dated December 2, 2011, (b) that certain Amended and Restated Backstop Commitment Letter between Lee Enterprises and Mutual Quest Fund, dated December 2, 2011, (c) that certain Amended and Restated Backstop Commitment Letter between Lee Enterprises and Monarch Master Funding Ltd, dated December 2, 2011, (d) that certain Backstop Commitment Letter between Lee Enterprises and Mudrick Distressed Opportunity Fund Global, LP, dated December 2, 2011, and (e) that certain Backstop Commitment Letter between Lee Enterprises and Blackwell Partners, LLC, dated December 2, 2011.
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Related to Backstop Commitment Letters

  • Backstop Commitment Agreement means that certain Backstop Commitment Agreement, by and between CEOC and the PropCo Preferred Backstop Investors party thereto from time to time, as the same may be amended, amended and restated, supplemented, or otherwise modified from time to time in accordance with its terms, the form of which shall be included in the Plan Supplement.

  • Commitment Letters has the meaning set forth in Section 4.5.

  • Backstop Commitment has the meaning set forth in Section 2.2(b).

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Debt Commitment Letter has the meaning set forth in Section 4.20.

  • Commitment Letter has the meaning set forth in Section 5.7.

  • Equity Commitment Letter has the meaning set forth in Section 3.4(a).

  • Financing Commitments has the meaning set forth in Section 5.7.

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

  • Financing Commitment shall have the meaning set forth in Section 6.4.

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in substantially the form of Exhibit F (appropriately completed, and with such modifications as may be reasonably satisfactory to the Administrative Agent) executed and delivered in accordance with Section 2.14.

  • Debt Financing has the meaning set forth in Section 5.7.

  • Equity Commitment means (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person's Organizational Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • Commitment Parties means the “Commitment Parties” as defined in the Commitment Letter.

  • Backstop Parties means, collectively, the Initial Backstop Parties and the Additional Backstop Parties.

  • Debt Financing Sources means the Persons that have committed to provide, or otherwise entered into agreements in connection with, the Debt Financing (including the parties to any joinder agreements, credit agreements or other definitive agreements relating thereto) and their respective Affiliates and such Person’s (and their respective Affiliates’), officers, directors, employees, attorneys, advisors, agents and representatives involved in the Debt Financing and their successors and permitted assigns.

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Investment Agreements or “Flow-Through Agreements” means written agreements pursuant to which the Partnership will subscribe for Flow-Through Shares (including Flow-Through Shares issued as part of a unit) or agreements by the Partnership to otherwise invest in or purchase securities of a Resource Issuer, and in respect of Flow-Through Shares comprised of units, the Resource Issuer will covenant and agree:

  • Exit Financing means the financing under the Exit Facility.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Investment Agreement shall have the meaning set forth in the Recitals hereto.