Backstop Amount definition

Backstop Amount has the meaning set forth in Section 2.4(a)(iv).

Backstop Amount means $23,199,785.

Backstop Amount means, with respect to any Consenting Noteholder, a dollar amount (rounded down to the nearest $1,000) equal to (x) such Consenting Holder’s Backstop Percentage times (y) the Aggregate Backstop Amount.”

Examples of Backstop Amount in a sentence

• Backstop Each Backstop Party shall advance its Final Backstop Amount to the Agent of the New Money Facility and complete all “know-your-customer” requirements of the Agent of the New Money Facility by the deadlines set out in the Explanatory Statement.

• Each Backstop Party who has advanced its Final Backstop Amount to the Agent of the New Money Facility and complete all “know-your-customer” requirements of the Agent of the New Money Facility by the deadlines set out in the Explanatory Statement shall be paid a Backstop Fee.

• The Company shall have the right, exercisable in its sole discretion, to require the Backstopper or an Affiliate thereof, if designated by the Backstopper, to deliver to the Company at Closing an amount equal to the Backstop Percentage multiplied by the Required Backstop Amount, by delivering written notice of the decision to exercise such right to the Backstopper no less than three (3) Business Days prior to the Closing.

• Subject to and in accordance with the terms and conditions set forth herein, upon Company’s exercise of its right to call the Backstop Amount set forth in Section 2.3, the Backstopper irrevocably commits to purchase, at the Closing, up to a number of shares of Convertible Preferred Stock (and accompanying Warrants) determined by dividing (i) the Backstop Amount by (ii) the Purchase Price (the “Commitment”).

• Defined Term Section Affiliate §1(c)(v) Agreed Budget §5(h)(vi) Agreement Preamble Alternate Transaction §9(a)(iv) Alternate Transaction Agreement §9(a)(iv) Amended and Restated Constituent Documents §8(c) Anti-Terrorism Law §3(w)(i) Appeals §9(a)(x) Audited Financial Statements §3(h)(i) Backstop Amount.

More Definitions of Backstop Amount

Backstop Amount means up to $125,000,000 in proceeds from the sale by the SPAC to the Backstop Party of up to 12,500,000 New SPAC Class A Common Shares at a price per share equal to $10.00 immediately prior to (and contingent upon) the Closing, contingent upon the terms of and subject to the conditions set forth in the Backstop Agreement.

Backstop Amount means $3,845,030.

Backstop Amount means the amount calculated as follows: Total Subscription minus the sum of (i) the Basic Subscription Amount and (ii) the Over-Subscription Amount, which such aggregate dollar amount will be finally-determined by the Company and the Subscription Agent, as described in Section 1.

Backstop Amount means $7,955,185.

Backstop Amount means the aggregate principal amount of Company Convertible Note(s) purchased by the Investors (as defined in the Backstop Agreement) pursuant to the Backstop Agreement.

Backstop Amount means the aggregate principal amount of Rights Offering Convertible Bonds payable to the Backstop Parties committed to backstop pursuant to the Backstop Commitment Agreement, which amount is $118,013,000.

Backstop Amount has the meaning assigned to it in Section 2.2(a).