DIP Backstop Party definition

DIP Backstop Party means KKR Credit Advisors (US) LLC, Melody Capital Partners, L.P., Grantham, Mayo Van Otterloo & Co., LLC, and Silver Point Capital Fund, L.P. and/or certain funds or accounts managed, advised or controlled by, or by any subsidiary or Affiliate of, any of the foregoing.
Sample 1Sample 2Sample 3
DIP Backstop Party means the DIP Lenders that are party to the DIP Backstop Commitment Letter.
Sample 1Sample 2Sample 3
DIP Backstop Party has the meaning set forth in the recitals to this Agreement.
Sample 1Sample 2

Examples of DIP Backstop Party in a sentence

  • On the Plan Implementation Date, in accordance with the steps and sequence set out in Section 5.4, each DIP Backstop Party shall receive its DIP Backstop Party’s Pro Rata Share of 10% of the New Common Shares issued and outstanding on the Plan Implementation Date.

  • Each Holder of an Allowed DIP Claim that is also a DIP Backstop Party shall also receive its pro rata share of the DIP Backstop Equity Issuance.

  • In addition, in connection with the DIP Facility, the Debtors have agreed to pay the following amounts to the applicable DIP Lenders:• Backstop Premium: in exchange for their commitment to backstop the New Money DIP Loans under the DIP Facility, to each DIP Backstop Party, a premium in an amount equal to 8.0% of the aggregate principal amount of such DIP Backstop Party’s DIP Commitments as of the Support Effective Date.


More Definitions of DIP Backstop Party

DIP Backstop Party s Pro Rata Share” means with respect to each DIP Backstop Party,
Sample 1Sample 2
DIP Backstop Party has the meaning set forth in Section 4(e) of this Agreement.
Sample 1

Related to DIP Backstop Party

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

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

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

  • 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.

  • 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.

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

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

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

  • DIP Lender means a lender under the DIP Facility.

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

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

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

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

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

  • Investor is defined in the preamble to this Agreement.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Investor Party has the meaning set forth in Section 4.7.

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

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

  • Exit Financing means the financing under the Exit Facility.

  • Second Lien Noteholders means the holders of Second Lien Notes.

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

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

  • Related Transactions Documents means the Loan Documents and all other agreements or instruments executed in connection with the Related Transactions.

  • Purchaser Representative means any person who satisfies all of the following conditions or who the issuer reasonably believes satisfies all of the following conditions:

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.