Equity Backstop Commitment Agreement definition

Equity Backstop Commitment Agreement means that certain Replacement Equity Backstop Commitment Agreement, dated as of March 9, 2021, as may be amended or modified from time to time in accordance with the terms thereof and the Plan Support Agreement (subject to the applicable consent rights of the Commitment Parties provided in the Plan Support Agreement), among GMI, the other Debtors party thereto, and the Equity Backstop Parties thereto.
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Equity Backstop Commitment Agreement means the Equity Backstop Commitment Agreement, dated as of April 25, 2019, by and among Hexion Holdings LLC, the other debtors party thereto and the commitment parties party thereto.
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Examples of Equity Backstop Commitment Agreement in a sentence

  • For the avoidance of doubt, for so long as the Equity Backstop Commitment Agreement remains effective and has not been terminated, the Plan Sponsor’s commitment to fund the Equity Backstop Amount on the Effective Date pursuant to the Equity Backstop Commitment Agreement shall not be reduced by any component of the Sponsor Equity Downsize except to the extent that readily available funds are received by the Debtors on or before the Effective Date.

  • For the avoidance of doubt, the Incremental Downsize shall be in addition to any Noteholder Subscription Downsize, and the Incremental Downsize may, whether individually or in aggregate with the Noteholder Subscription Downsize, reduce the amount of the Backstop Commitment to be funded pursuant to the Plan and Equity Backstop Commitment Agreement to zero.

  • For the avoidance of doubt, upon the occurrence of the Noteholder Termination, the Sponsor Backstop Commitment Agreement (as defined in Exhibit A-1 hereto) shall automatically terminate, and, for so long as this Agreement remains in effect with respect to the Plan Sponsor, the Equity Backstop Commitment Agreement (as defined in Exhibit A-2 hereto) shall remain in full force and effect.

  • Rights Offering Procedures The procedures governing the Rights Offering attached as an exhibit to the Equity Backstop Commitment Agreement.