Examples of Initial Backstop Parties in a sentence
For the avoidance of doubt, neither the Consenting Noteholder Advisors, the Rowan Ad Hoc Group, nor the Initial Backstop Parties shall be required to file any interim or final fee application with the Bankruptcy Court with respect to any invoices.
Through the Effective Date, the Debtors shall pay currently in cash all reasonable and documented fees and expenses of the Consenting Noteholder Advisors, the Rowan Ad Hoc Group (other than those fees and expenses incurred in pursuing the Harris County Litigation), and the Initial Backstop Parties.
Upon the Confirmation Date, the Debtors shall pay all reasonable and documented unpaid fees and expenses of the Consenting Noteholder Advisors (as defined in the Restructuring Support Agreement), the Rowan Ad Hoc Group fees (as defined in the Restructuring Support Agreement) (other than those fees and expenses incurred in pursuing the Harris County Litigation), and the professionals retained by the Initial Backstop Parties (as defined in the Backstop Agreement) incurred prior to the Confirmation Date.
For the avoidance of doubt, neither the RCF Agent Advisors, the Consenting Noteholders Advisors, the Rowan Ad Hoc Group, nor the Initial Backstop Parties shall be required to file any interim or final fee application with the Bankruptcy Court with respect to any invoices.
On August 8, 2013, the GSO/FS Funds assigned and transferred a portion of their commitments under the Backstop Commitment Agreement to various funds managed by Serengeti Asset Management LP (such funds, together with the Initial Backstop Parties, the “Backstop Parties”).