Equity Backstop Commitment Letter definition

Equity Backstop Commitment Letter means each, as amended and restated as of the Amendment No. 6 Effective Date, (a) that certain letter regarding the equity financing commitment, between Vintage Capital Management, LLC and X. Xxxxx Financial, Inc. and (b) that certain letter regarding the equity financing commitment, between the Borrower and Vintage Capital Management, LLC.
Equity Backstop Commitment Letter means (a) that certain letter regarding the equity financing commitment, dated as of the Amendment No. 5 Effective Date, between Vintage Capital Management, LLC and B. Riley Financial, Inc. and (b) that certain letter regarding the equity financing commitment, dated as of the Amendment No. 5 Effective Date, between the Borrower and Vintage Capital Management, LLC.
Equity Backstop Commitment Letter means each, as amended and restated as of the Amendment No. 6 Effective Date, (a) that certain letter regarding the equity financing commitment, between Vintage Capital Management, LLC and B. Riley Financial, Inc. and (b) that certain letter regarding the equity financing commitment, between the Borrower and Vintage Capital Management, LLC.

Examples of Equity Backstop Commitment Letter in a sentence

  • Form of Equity Backstop Commitment Letter, In re PG&E Corp., No. 19-30088 (DM) (Bankr.

  • The Borrower amends, supplements or otherwise modifies (or permits the amendment, supplement or other modification of) the Equity Backstop Commitment Letter or consents to the assignment of any obligations of Vintage Capital Management, LLC or B.

  • Riley Financial Inc.’s obligations under the Equity Backstop Commitment Letter; (viii) The consummation of the Recapitalization Transaction; and/or (ix) 5:00 p.m. (New York City time) on May 22, 2018.

  • Filed by Debtor PG&E Corporation (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C # 4 Exhibit D # 5 Exhibit E) (March 3, 2020) at Exhibit C, Equity Backstop Commitment Letter, available at: https://restructuring.primeclerk.com/pge/Home-DownloadPDF?id1=MzMzNDEx&id2=0 .

  • Del Monte notes that he is not attempting to bring in extra-record evidence of their own in regard to the Equity Backstop Commitment Letter, Tort RSA, and proposed reorganization plans.

  • The Joint Parties note that they are not attempting to bring in extra-record evidence of their own in regards to the Equity Backstop Commitment Letter, Tort RSA, and proposed reorganization plans.

  • The Equity Backstop Commitment Letter provides that the agreement can be modified and/or clauses can be waived with agreement of the majority of the Backstop Parties.143 As The Utility Reform Network has explained, “PG&E projects that it will raise $59 billion in financing in order to emerge from bankruptcy; a $264 million increase in cash payments represents a mere 0.45% of that total.

Related to Equity Backstop 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.

  • Equity Commitment Letter has the meaning set forth in Section 3.4(a).

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

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

  • Commitment Letters has the meaning set forth in Section 4.5.

  • Debt Commitment Letter has the meaning set forth in Section 4.20.

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

  • Commitment Letter has the meaning set forth in Section 5.7.

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

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Financing Commitment shall have the meaning set forth in Section 6.4.

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

  • Equity Commitment means (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person's Organizational Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in substantially the form of Exhibit F (appropriately completed, and with such modifications as may be reasonably satisfactory to the Administrative Agent) executed and delivered in accordance with Section 2.14.

  • Investment Agreement shall have the meaning set forth in the Recitals hereto.

  • SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Alternative Acquisition Agreement shall have the meaning set forth in Section 6.5(c).

  • Repayment Agreement means an agreement

  • Investment Letter shall have the meaning specified in subsection 9.07(a).

  • Post Closing Letter is that certain Post Closing Letter dated as of the Effective Date by and between Collateral Agent and Borrower.

  • Exit Financing means the financing under the Exit Facility.

  • Investment Agreements or “Flow-Through Agreements” means written agreements pursuant to which the Partnership will subscribe for Flow-Through Shares (including Flow-Through Shares issued as part of a unit) or agreements by the Partnership to otherwise invest in or purchase securities of a Resource Issuer, and in respect of Flow-Through Shares comprised of units, the Resource Issuer will covenant and agree:

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Co-Lender Agreement With respect to any Loan Combination, the co-lender agreement, intercreditor agreement, agreement among noteholders or similar agreement, dated as of the date set forth in the Loan Combination Table under the column heading “Date of Co-Lender Agreement” and governing the relative rights of the holders of the related Mortgage Loan and Companion Loan(s), as the same may be amended, restated or otherwise modified from time to time in accordance with the terms thereof. A Co-Lender Agreement exists with respect to each Loan Combination as of the Closing Date.