Backstop Lender definition

Backstop Lender means each Lender who is party to the Commitment Letter.

Backstop Lender means each Lender who is party to this Agreement on the Closing Date and is designated as a “Backstop Lender” on Schedule 1.01.

Backstop Lender means (a) each of Harbinger II S.à x.x., Blue Line ACDL, Inc. and Breakaway ACDL, Inc., and (b) any Entity Affiliate of Harbinger II S.à x.x., Blue Line ACDL, Inc. and/or Breakaway ACDL, Inc. who becomes a party to the Backstop Loan Agreement in connection with its assumption of a portion of one or more Backstop Advances and (c) if and when it becomes a party to the Backstop Loan Agreement or makes an Alternate Backstop Loan, Pinnacle and/or its Entity Affiliates.

Examples of Backstop Lender in a sentence

• Notwithstanding anything contained herein or otherwise, no Backstop Lender shall be deemed to have released or exculpated any Defaulting Backstop Lender from any such Exculpated Claim or obligation, Cause of Action or liability for any Exculpated Claim.

• Each DIP Facility Backstop Lender shall fund no less than such DIP Facility Backstop Lender’s pro rata share (based on Total Credit Exposure, without regard to any Total Credit Exposure held by Lenders other than the DIP Facility Backstop Lenders) of 60% of the aggregate commitments under the DIP Facility.

• This Agreement has been duly and validly executed and delivered by such Backstop Lender and constitutes its valid and binding obligation, enforceable against such Backstop Lender in accordance with its terms.

• From and after the occurrence of a Backstop LC Drawing, each Backstop Lender will be entitled to all interest, fees and other remuneration provided for pursuant to the Senior Subordinated Loan Agreement with respect to the Additional Loan deemed issued by such Backstop Lender pursuant to the Backstop LC Drawing.

• The Company agrees to promptly provide any written backup, information and documentation relating to the information contained in the applicable Purchase Notice as any Backstop Lender may reasonably request.

More Definitions of Backstop Lender

Backstop Lender has the meaning given to it in the Implementation Term Sheet.

Backstop Lender means each Lender who is party to this Agreement on the Closing Date and is designated as a “Backstop Lender” on Schedule 2.01.

Backstop Lender means each Lender as of the Closing Date.

Backstop Lender has the meaning specified in the Commitment Letter. “Blocked Person” means any Person (a) that is publicly identified (i) on the most current list of “Specially Designated Nationals and Blocked Persons” published by OFAC or resides, is organized or chartered, or has a place of business in a country or territory subject to OFAC sanctions or embargo program or (ii) as prohibited from doing business with the United States under the International Emergency Economic Powers Act, the Trading With the Enemy Act, or any other Anti-Terrorism Law, (b) that is owned or controlled by, or that owns or controls, or that

Backstop Lender means each Amendment No. 3 Term Lender as of the Amendment No. 3 Effective Date.

Backstop Lender means, as of the date of determination, a Lender with a Backstop Loan Commitment or, if the Backstop Loan has been funded, a Lender holding all or any portion of the Backstop Loan.

Backstop Lender means each Existing Notes Creditor or Existing RCF Lender who has elected to risk participate for its Total Backstop Allocation in accordance with the terms of the CRPA, together with their permitted transferees pursuant to the terms of the CRPA.