Put Backstop Facilities definition
Put Backstop Facilities means, individually or collectively as the context may indicate, each of (a) a senior subordinated bridge facility of the Borrower entered into, if at all, within 60 days after the Closing Date in an aggregate principal amount of not less than $320,000,000 for the purpose of providing liquidity in the event that more than $25,000,000 of the Subordinated Notes are tendered in response to an offer to repurchase such Subordinated Notes as a result of the consummation of the Merger, and (b) a senior bridge facility of ▇▇▇▇▇▇▇ Water Products entered into, if at all, within 60 days after the Closing Date in an aggregate principal amount of not less than $145,000,000 for the purpose of providing liquidity in the event that more than $25,000,000 of the ▇▇▇▇▇▇▇ Water Products Notes are tendered in response to an offer to repurchase such notes as a result of the consummation of the Merger, in each with terms consistent with Put Backstop Commitment Letter.
Put Backstop Facilities means, individually or collectively as the context may indicate, each of (a) a senior subordinated bridge facility of ▇▇▇▇▇▇▇ Group entered into, if at all, within 60 days after the Closing Date in an aggregate principal amount of not less than $320,000,000 for the purpose of providing liquidity in the event that more than $25,000,000 of the existing ▇▇▇▇▇▇▇ Group Notes are tendered in response to an offer to repurchase such notes as a result of the consummation of the Merger, and (b) a senior bridge facility of ▇▇▇▇▇▇▇ Water Products entered into, if at all, within 60 days after the Closing Date in an aggregate principal amount of not less than $145,000,000 for the purpose of providing liquidity in the event that more than $25,000,000 of the ▇▇▇▇▇▇▇ Water Products Notes are tendered in response to an offer to repurchase such notes as a result of the consummation of the Merger.
Put Backstop Facilities means, individually or collectively as the context may indicate, each of (a) a senior subordinated bridge facility of the Borrower entered into, if at all, within 60 days after the Closing Date in an aggregate principal amount of not less than