Back Stop Party definition
Examples of Back Stop Party in a sentence
This Section 3.05 shall not impose any obligation on the Company to issue any “cleansing letter” or otherwise publicly disclose information for the purpose of enabling a Consenting Holder to Transfer any Back Stop Party Prepetition Term Loan Claims or Senior Subordinated Notes Claims.
Back Stop Party Prepetition Term Loan Claims: Each Holder of an Allowed Back Stop Party Prepetition Term Loan Claim shall receive, in full and final satisfaction of such Allowed Claim, New Common Stock of Reorganized Keystone as set forth above.
The Company hereby declares and undertakes in favour of the Back Stop Party that all of the Conditions have been satisfied or validly waived in accordance with the terms of the Agreement.