Debt Backstop Parties definition

Debt Backstop Parties means the Consenting Noteholders that have executed the Debt Backstop Agreement.
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Examples of Debt Backstop Parties in a sentence

  • Such amount of total shares will be calculated shortly prior to the Effective Date and will depend on the extent, if any, to which Equity Backstop Parties and/or Debt Backstop Parties elect to receive payment of the Equity Backstop Premium or Debt Backstop Premium, as applicable, in shares of New Common Equity.

  • Pursuant to the Debt Backstop Agreement, the Debtors will indemnify and hold harmless the Debt Backstop Parties from claims by a third party arising out of or in connection with the Debt Backstop Agreement (the “ Debt Backstop Indemnity Obligations”).

  • Plans, coordinates, and activates, when required, C4 systems facilities to provide rapid and reliable communications in support of the JFLCC.

  • These amounts represent compensation for the capital commitments that the Equity Backstop Parties and Debt Backstop Parties are providing under the applicable Backstop Agreements, are reflective of the certainty and other benefits that those commitments provide to the Debtors and their estates, and were necessary inducements for the applicable Backstop Parties to enter into the Backstop Agreements.

  • In addition to the Debt Commitment Premiums, the Debtors agreed to pay all reasonable and documented fees and expenses of the advisors to the Debt Backstop Parties (including advisors’ fees) under the Debt Backstop Agreement, including if the Debt Backstop Agreement is terminated (the “Debt Expense Reimbursement” and, together with the Equity Expense Reimbursement, the “Expense Reimbursements”).

  • In addition, certain of the Debt Backstop Parties will share an additional premium equal to 1.5% of the New Debt (or $24,615,000), payable in cash (the “Additional Premium” and, together with the Debt Backstop Commitment Premium, the “Debt Commitment Premiums”).

  • The Debtors, recognizing this fact, obtained commitments from certain of the Consenting Noteholders to backstop the New Debt (in such capacity, the “ Debt Backstop Parties” and, together with the Equity Backstop Parties, the “Backstop Parties”) by locking in terms on which the Debt Backstop Parties will fund the New Debt, as set forth in the Debt Backstop Agreement.

  • The Debtors and the Debt Backstop Parties negotiated the Debt Backstop Agreement in good faith and at arm’s-length.

  • With respect to any Debt Backstop Party, such Debt Backstop Party’s percentage of the Debt Backstop Obligations as set forth opposite such Debt Backstop Party’s name under the column titled “Debt Backstop Percentage” on the Debt Backstop Allocation Schedule; provided, that nothing herein shall prohibit the consensual reallocation of such obligations among the Debt Backstop Parties.

  • For the most part, this just involves a simple relabelling of various quantities in our position detector; this is done in Table 4.1. The input signal to the detector is now a voltage vin(t), and the output quantity that is read out is also a voltage: theoutput operator Iˆ thus now becomes an operator Vˆout.Fig.

Related to Debt Backstop Parties

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

  • Investor Parties has the meaning set forth in the Preamble.

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

  • 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.

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

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

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

  • Debt Financing Documents means the agreements, documents and certificates contemplated by the Debt Financing.

  • 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.

  • Lead Investors means collectively, BlackRock, GSO, Magnetar and, solely for purposes of Section 2.02(b), Investment Partners V (II), LLC.

  • Financing Parties means Parties financing the Project, pursuant to Financing Documents.

  • Note Parties means, collectively, the Company and each Guarantor.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

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

  • CEC means the California Energy Commission or its successor agency.

  • Exit Financing means the financing under the Exit Facility.

  • Co-Investors means each of (a) the Fund and the Fund Affiliates (excluding any of their portfolio companies) and (b) the Management Group.

  • PIPE Investors means those certain investors participating in the PIPE Investment pursuant to the Subscription Agreements.

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • Existing Investors shall have the meaning given in the Preamble hereto.

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

  • Oaktree means Oaktree Capital Management, LLC and its Affiliates, including any partnerships, separate accounts or other entities managed by Oaktree.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.