Backstop Payment definition

Backstop Payment means a Cash payment equal to 3.00% of the amount of the Priority Exit Facility Loans payable to the Backstop Parties as consideration for providing the Priority Exit Facility Backstop Commitment.
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Backstop Payment has the meaning given to it in clause 3.1;
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Backstop Payment means the Interim Backstop Payment (as defined in Section 2) and the Aggregate Buyback Amount (as defined in Section 3).
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Examples of Backstop Payment in a sentence

  • AGN have much bluer colours and tend to separate nicely from the bulk of star forming non-active galaxies, as their 24 µm fluxes are dominated by the hot dust (torus) emission.

  • If this Plan is terminated for any reason or not implemented in accordance with the terms hereof by the Outside Date, the Escrow Agent shall as soon as practicable return all Electing Eligible Investor Funding Amounts and Backstop Payment Amounts to the applicable Participating Eligible Investors and Funding Backstop Parties.

  • The Escrow Agent shall be deemed to be holding the Electing Eligible Investor Funding Amounts and the Backstop Payment Amounts for Jaguar and shall release from escrow such amounts to Jaguar in accordance with the Escrow Agreement.

  • To the extent the Contractor receives a Vaccination Backstop Payment and Contractor is later able to receive payment from the individual’s health insurer or COVID-19 Uninsured Program Portal, Contractor shall return the Vaccination Backstop Payment to DPH within 30 days, either by directly returning payment or by reducing the amount billed to DPH on the next invoice.

  • Such termination payments range between 10% and 50% of the Backstop Payment, depending on the event that triggered the termination of such agreement.

  • Under Chapter 11 of the Bankruptcy Code, the Court shall approve these Backstop Agreements and the Backstop Payment.

  • On the Implementation Date, the Escrow Agent shall release from escrow to Jaguar, at the applicable time, the applicable Electing Eligible Investor Funding Amounts and Backstop Payment Amounts pursuant to and in accordance with Section 7.4 hereof.

  • Jaguar shall issue to each Funding Backstop Party the number of Backstopped Shares such Funding Backstop Party is entitled to receive in accordance with Section 5.1(c) hereof in consideration for such Funding Backstop Party’s Backstop Payment Amount, which Backstopped Shares shall be distributed in the manner described in Section 8.2 hereof.

  • On the Implementation Date, the Escrow Agent shall release from escrow to Jaguar, at the applicable time, the applicable Electing Eligible Investor Funding Amounts and Backstop Payment Amounts pursuant to and in accordance with Section7.4 hereof.

  • Jaguar shall issue to each Funding Backstop Party the number of Backstopped Shares such Funding Backstop Party is entitled to receive in accordance with Section 5.1(c) hereof in consideration for such Funding Backstop Party’s Backstop Payment Amount, which Backstopped Shares shall be distributed in the manner described in Section8.2 hereof.


More Definitions of Backstop Payment

Backstop Payment. If as of the Effective Date the Backstop Commitment Agreement has not been terminated, the Backstop Payment shall be paid on the Effective Date in an amount equal to the greater of (x) $15 million (payable in cash) and (y) 6% of the Amount (50% paid in cash and 50% in the form of Common Shares, based on the Conversion Price).
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Backstop Payment means a Cash payment equal to 2.50% of the amount of the Exit Term Loans payable to the Backstop Parties as consideration for providing the Exit Term Loan Backstop Commitment.
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Backstop Payment means a payment in the aggregate amount of $900,000.00 payable to the Backstop Parties in return for their agreement to backstop the commitments for the Investments.
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Related to Backstop Payment

  • Payoff Amount means with respect to a Receivable as of the close of business on the last day of a Collection Period, the remaining principal balance of such Receivable, plus accrued but unpaid interest thereon, and related fees.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Cash Payment has the meaning set forth in Section 2.03(b)(iii) below.

  • Closing Payment Amount will have the meaning set forth in Section 1.3(a).

  • Delta Payment means as it is described in this Agreement.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Payment Amount as defined in Section 3.5.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • Closing Cash Consideration has the meaning set forth in Section 2.02.

  • Closing Amount has the meaning set forth in Section 2.3.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • CVR Payment Amount has the meaning set forth in Section 2.4(a).

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Transaction Consideration has the meaning set forth in Section 11.7 hereof.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

  • Original Purchase Price means the price paid by you for the motor vehicle or a maximum of 110% of the market value of the vehicle as defined by Glass's Guide Retail at time of purchase, whichever is the lesser (including all factory fitted accessories) and after any discount given, but does not include the cost of dealer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, insurance premiums (including the premium for this policy), warranty premiums, any finance arrears and any such associated costs and any negative equity transferred from a previous finance agreement.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).