Backstop Investors definition

Backstop Investors means the Noteholder signatories to the Backstop Commitment Agreement.

Backstop Investors means, collectively, Highland Crusader Holding Corporation, a Delaware corporation, Longacre Fund Management, L.L.C., a Delaware limited liability company, Merrill Lynch, Pierce, Fenner & Smith Incorporated, a Delaware corporation, GMAM Investment Funds Trust II, a trust organized under the laws of New Hampshire, ReCap International (Master) Ltd., a company organized under the laws of the British Virgin Islands, Institutional Benchmarks Series (Master Feeder) Ltd., a Bermuda segregated accounts company, solely with respect to the Muscida series, Southpaw Asset Management LP, a Delaware limited partnership and UBS Securities LLC, a Delaware limited liability company, each of which has agreed to backstop the Rights Offering pursuant to the terms of the Backstop Commitment Agreement.

Backstop Investors shall have the meaning set forth in the Stock Purchase Agreement.

Examples of Backstop Investors in a sentence

• Each Preferred Backstop Investor shall have the right to purchase its pro rata share of such amount, based on its Backstop Percentage and to the extent any Preferred Backstop Investor elects to not purchase its pro rata share, such share(s) shall be made available to the Preferred Backstop Investors that are purchasing their pro rata share.

• Under the Rights Offering Sub Plan, the Distribution Agent shall on the Effective Date issue, and shall deliver, on the Effective Date, or as soon as practicable thereafter, to the Cash Recovery Backstop Investors pro rata relative to their Allotted Portions the Cash Recovery Subscription Equity.

• To the extent that the Non-Defaulting Preferred Backstop Investors (in the aggregate) desire to purchase more than the total number of Default Shares, such Default Shares shall be allocated between the Non-Defaulting Preferred Backstop Investors pro rata, based on their respective Backstop Percentages.

• If at the conclusion of such five (5) Business Day period, the Non-Defaulting Preferred Backstop Investors have not elected to exercise the Default Purchase Right in its entirety or have not found a third-party to replace the commitment of the Defaulting Backstop Purchaser, then the Company or CEOC may terminate this Agreement.

• CEOC agrees to file a motion and supporting papers (the “Approval Motion”) (including an order in form and substance materially consistent with this Agreement and otherwise reasonably satisfactory to CEOC and the Required Preferred Backstop Investors) seeking an order of the Bankruptcy Court (the “Approval Order”) approving this Agreement.

More Definitions of Backstop Investors

Backstop Investors means the third-party investors who entered into the PIPE Subscription Agreements to purchase Backstop Shares.

Backstop Investors means those affiliates of each of Black Diamond Capital Management L.L.C. and Spectrum Investment Partners LP identified as having Commitments in the Backstop Agreement.

Backstop Investors has the meaning given in the Preamble.

Backstop Investors means 222 Investments, LLC, a Delaware limited liability company (including permitted assignees under its Backstop Agreement, “222I, LLC”) and any other investor that enters into a Backstop Agreement with the Company.

Backstop Investors is defined in the recitals to this Agreement.

Backstop Investors means those Common Stockholders party to the Backstop Securities Agreement that will receive Backstop Securities in partial payment for their shares of Common Stock (if Backstop Securities are issued in accordance with Section 2.1(b)) pursuant to the terms and conditions contained herein and in the Backstop Securities Agreement.

Backstop Investors means D. E. Shaw Valence Portfolios LLC, Coliseum Capital Partners, L.P., Coliseum Capital Partners II, L.P., Xxxxxxxxx Partners, LLC, Series A, Pine River Master Fund Ltd. and Sunrise Partners Limited Partnership.