DIP Backstop Parties definition

DIP Backstop Parties means those Entities set forth on Exhibit A to the Term Sheet, together with their affiliates, and any affiliated investment funds, investment vehicles or Entity that is managed, advised or sub-advised by such Entity or such affiliate.
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DIP Backstop Parties means the parties identified on Exhibit 6 to the Restructuring Support Agreement, as may be updated or amended.
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DIP Backstop Parties means those Noteholders that have executed the Support Agreement and are signatories to the DIP Backstop Commitment Letter, and “DIP Backstop Party” means any one of them.
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Examples of DIP Backstop Parties in a sentence

  • The distributions to be made to: the DIP Backstop Parties pursuant to section 5.3(1), the New Lenders pursuant to section 5.3(2) and the Initial Consenting Noteholders pursuant to section 5.3(3) shall be made in accordance with this section 4.3.

  • On the Plan Implementation Date, the Applicant shall, upon receipt of and in accordance with a written direction of the Monitor prepared based on the information received by the Monitor pursuant to section 4.3(b), register or deliver, as applicable, to the DIP Backstop Parties, the New Lenders and the Initial Consenting Noteholders, the applicable amount of New Common Shares as so directed by the Monitor.

  • If the Backstop Premium is allowed to lapse unexercised, the DIP Backstop Parties should recognize capital gain in an amount equal to the Backstop Premium.

  • Under the model Work Health and Safety Act 2011 ( WHS Act), an agency worker who is an employee, is considered a “worker” for the purposes of the WHS Act, with similar Acts of Parliament operating in most Australian jurisdictions.

  • Two lists were created using the 120 KS sentences and 120 US sentences, each with 60 KS sentences and 60 US sentences.

  • Upon the earlier of (x) the DIP Closing Date and the funding of the DIP Loans and (y) the termination or expiration of this Agreement in accordance with its terms prior to the DIP Closing Date, the commitments of the DIP Backstop Parties and the Joining DIP Commitment Parties to provide their respective portions of the DIP Facility pursuant to this Section 3.08 shall terminate.

  • On the Closing Date (as defined below), the Initial DIP Loan (as defined below) will be made, and all DIP Commitments (as defined below) will be held, by Xxxxxx or another initial DIP Lender as determined by the Requisite DIP Backstop Parties.

  • The DIP Backstop Parties and any other qualifying Noteholders who participate in the DIP Loan are referred to herein as the “DIP Lenders”.

  • Participation in the DIP Facility will be open to all holders of the 8.875% Senior Secured Notes due 2018 (the “Secured Noteholders,” and those Secured Noteholders that elect to participate in the DIP Facility, the “DIP Lenders”), and shall be fully backstopped by the DIP Backstop Parties (as defined in the DIP Facility Term Sheet) on the terms and conditions set forth in the DIP Facility Term Sheet.

  • For the avoidance of doubt, the Debtors and the Reorganized Debtors do not reserve any Causes of Action or Litigation Claims that have been expressly released (including, for the avoidance of doubt, Claims against the Consenting Lenders, the DIP Agent, the DIP Lenders, the DIP Backstop Parties and the Exit Backstop Parties and Claims otherwise released pursuant to the Debtor Releases provided in Article X.B and the Exculpation contained in Article X.E of this Plan).


More Definitions of DIP Backstop Parties

DIP Backstop Parties means the members of the Ad Hoc Groups that are set forth on Exhibit A of the Restructuring Term Sheet attached as Exhibit B to the Restructuring Support Agreement and that, pursuant to the DIP Backstop Agreement, agreed to backstop the DIP New Money Commitments.
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DIP Backstop Parties means Redwood Capital Management, LLC and Nut Tree Capital Management, LLC (including their respective Related Funds that are signatories to the DIP Commitment Letter).
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Related to DIP 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.

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

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

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

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

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Purchaser Parties means, collectively, the Purchasers and any of their respective former, current or future directors, officers, employees, agents, general or limited partners, managers, members, stockholders, Affiliates or assignees or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder, Affiliate or assignee of any of the foregoing.

  • 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.

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

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

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

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

  • Placement Agents shall have the meaning set forth in the preamble.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

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

  • Transaction Parties As defined in Section 5.3(o).

  • CEOC means Caesars Entertainment Operating Company, Inc., a Delaware corporation.

  • Required Secured Parties has the meaning given to it in the Intercreditor Agreement.

  • Purchasers is defined in Section 12.3.1.

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

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

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Bank Parties means Administrative Agent and the Banks.