Assuming Backstop Party definition

Assuming Backstop Party means, in the event of a Backstop Default/Termination, if any, a Non-Defaulting Backstop Party, Non-Objecting Backstop Party, Non-Breaching/Non-Delivering Backstop Party, or such other party acceptable to the Backstop Parties and Jaguar in each case in accordance with the Backstop Agreement, that executes a Backstop Consent Agreement and that has assumed the obligations (and rights), or a portion thereof, of a Defaulting Backstop Party, Objecting Backstop Party, Breaching Backstop Party or Non-Delivering Backstop Party, as applicable, under the Backstop Agreement, in
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Related to Assuming Backstop Party

  • Backstop Parties means, collectively, the Initial Backstop Parties and the Additional Backstop Parties.

  • Seller has the meaning set forth in the Preamble.

  • Purchaser means the organization purchasing the goods.

  • Buyer has the meaning set forth in the preamble.

  • Sellers has the meaning set forth in the preamble.