Initial Backstop Party definition

Initial Backstop Party means each party listed in Part 1 (Initial Backstop Parties) of Schedule 4 (Backstop Parties and Undertakings).
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Initial Backstop Party means a Backstop Party identified on Schedule 3 hereof (as it may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement).
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Initial Backstop Party means the Consenting LINN Noteholders that are party to the Backstop Commitment Letter as of the date hereof.
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Examples of Initial Backstop Party in a sentence

  • The Credit Parties shall have paid in cash or issued, as applicable (or such amounts shall be paid or issued, as applicable, concurrently with the Closing) to each Backstop Party and each Initial Backstop Party its portion of the Backstop Premiums as set forth in Section 3.2 hereof.

  • Each Berry Initial Backstop Party shall exercise all Berry First Tranche Rights issued to such party, and the Berry Backstop Parties shall provide an aggregate backstop commitment equal to the total of the Berry Second Tranche Rights Offering Amount.

  • Notwithstanding anything in this Agreement to the contrary, if a Backstop Party or an Initial Backstop Party is a Defaulting Backstop Party, it shall not be entitled to any portion of the Backstop Premiums applicable solely to such Defaulting Backstop Party provided, or to be provided, under or in connection with this Agreement.

  • Any such Available Securities purchased by a Replacing Backstop Party shall be included in the determination of (x) the Backstop Securities, Holdback Securities and Additional Notes, as applicable, of such Replacing Backstop Party for all purposes hereunder and (y) the Backstop Commitment Percentage of such Initial Backstop Party for purposes of Section 3.1.

  • Given there are a significant number of potential ideas for projects, one can see the realized projects are the outcome of small fraction of potential ideas.

  • Initial Backstop Party means each Backstop Party as of October 18, 2019.

  • Each Initial Backstop Party that is not a Defaulting Backstop Party thereunder, may assume the Defaulting Backstop Party’s Backstop Party Commitments and obligation to subscribe for such Defaulting Backstop Party’s New Equity Offering Shares available under its New Equity Offering Rights, subject to and in accordance with the terms and conditions of the Backstop Commitment Letter.

  • Within five (5) Business Days following the New Equity Participation Deadline, the Just Energy Entities shall provide written notice to each Initial Backstop Party and the Monitor setting forth the Just Energy Entities’ calculation of: (i) the number of Backstopped Shares, (ii) the New Equity Offering Shares subscribed for and funded by New Equity Offering Eligible Participants in the New Equity Offering, and (iii) such Backstop Party’s Backstop Party’s Commitments.

  • Within five (5) Business Days following the date the Authorization Order is granted, the Company shall send, or shall cause to be sent, a notice (the “ Additional Backstop Notice”) to each holder of a Term Loan Claim as of the Term Loan Record Date (that is not an Initial Backstop Party).

  • Each Backstop Party agrees that such Backstop Party will act under this Backstop Commitment Letter as an independent contractor and that nothing in this Backstop Commitment Letter will be deemed to create an advisory, fiduciary or agency relationship between such Backstop Party on the one hand and any other Backstop Party (including any Initial Backstop Party) on the other hand.


More Definitions of Initial Backstop Party

Initial Backstop Party means Osmium Capital, LLC.
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Initial Backstop Party s Commitment Percentage” means, with respect to each Initial Backstop Party, (x) the amount of the Initial Backstop committed by such Initial Backstop Party pursuant to its Initial Backstop Agreement divided by (y) the New Loan Amount;
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Related to Initial Backstop Party

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

  • 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.

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

  • Investor is defined in the preamble to this Agreement.

  • Original Purchasers means RBC Capital Markets, LLC, Chicago, Illinois, and the other original purchasers designated by the Fiscal Officer in the Certificate of Award.

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

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Lead Investor means Cavalry Fund I LP.

  • Original Purchaser means the original purchaser of the Bonds designated by the Fiscal Officer in the Certificate of Award.

  • Additional Purchasers means purchasers of Additional Notes.

  • Purchasers is defined in Section 12.3.1.

  • Placement Agent means X.X. Xxxxxxxxxx & Co., LLC.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

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

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

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

  • Placement Agent Agreement means that certain placement agent agreement dated as of the date hereof between the Company and the Placement Agent.

  • Ultimate purchaser means, with respect to any new motor vehicle or new motor vehicle engine, the first person who in good faith purchases a new motor vehicle or new motor vehicle engine for purposes other than resale.

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

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

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

  • First Closing has the meaning set forth in Section 2.1(a).

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Purchaser Group means, at any time, the group of companies comprised of the Purchasers, the Guarantor and the Guarantor’s subsidiaries at that time.

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