Backstop Parties means, collectively, the Initial Backstop Parties and the Additional Backstop Parties.
Backstop Parties means those parties that agree to backstop the Rights Offering pursuant to the Backstop Commitment Letter, each in its respective capacity as such.
Backstop Parties means, collectively, the Senior Notes Backstop Parties and the Lender BackstopParties.
Examples of Backstop Parties in a sentence
The Backstop Fee is 3.0% of the total principal amount of commitments under the DIP Facility, and is payable to the Backstop Parties on the Closing Date of the DIP Facility.
Further, upon entry of this Interim Order, the terms and conditions of the Backstop Payment shall have been fully satisfied by the DIP Lenders and the Backstop Parties and the Backstop Payment shall have been fully and finally earned as a bargained for and integral part of the DIP Facility contemplated in these Chapter 11 Cases.
Entry of this Interim Order shall constitute final approval of the Backstop Payment (as defined in the Restructuring Support Agreement) to be paid to the Backstop Parties.
More Definitions of Backstop Parties
Backstop Parties means, collectively, those Entities or Persons that are parties to the Backstop Commitment Agreement set forth on Schedule 1 thereto, each solely in its capacity as a provider of its Backstop Commitment.
Backstop Parties means those parties that agree to backstop the Rights Offering for the Exit Senior Unsecured Notes pursuant to the Backstop Commitment Agreement, each in its respective capacity as such.
Backstop Parties means those Noteholders that have entered into the Backstop Agreement (including a Backstop Consent Agreement), and a “Backstop Party” means any one of the Backstop Parties, and their permitted assignees;
Backstop Parties means the “Backstop Term Lenders” as defined in the Backstop Commitment Letter, each in their capacity as such.
Backstop Parties means certain of the Consenting Stakeholders or their successors, assigns, or Related Funds (in each case, as allowed pursuant to the Backstop Commitment Agreement) that have committed to backstop the DIP Term Facility on the terms set forth in the Backstop Commitment Letter, solely in their capacities as such.
Backstop Parties means the “Commitment Parties” under, and as defined by, the Backstop Commitment Agreement.
Backstop Parties means the Noteholders that have provided the Backstop Commitment, which, for greater certainty, includes the Initial Backstop Parties and the Additional Backstop Parties.