Backstop Agreement definition

Backstop Agreement has the meaning set forth in the recitals to this Agreement.

Backstop Agreement means that certain backstop commitment agreement by and among the Backstop Parties, Valaris, and the other Debtor parties thereto, as amended by that certain amended backstop commitment agreement, dated February 5, 2021, by and among the Backstop Parties, Valaris, and the other Debtor parties thereto, as may be further amended, supplemented, or modified from time to time, setting forth, among other things, the terms and conditions of the Rights Offering and the Backstop Commitments, attached as Exhibit 2 to the Restructuring Term Sheet.

Backstop Agreement means that certain Backstop Agreement, dated as of August 9, 2015, by and among EFH Corp., EFIH, New EFH, and the Backstop Purchasers, as may be amended, supplemented, or otherwise modified from time to time in accordance therewith, including all exhibits attached thereto.

Examples of Backstop Agreement in a sentence

• For the avoidance of doubt, any DIP Claims and claims relating to the Backstop Agreement shall not be subject to the Administrative Claims Bar Date or the Claims Bar Date.

• Each Eligible Holder of an Allowed Senior Notes Claim that is party to the Cash Recovery Backstop Agreement.

• The Rights Offering will be fully backstopped by the Backstop Parties in accordance with and subject to the terms and conditions of the Backstop Agreement.

• The Company represents and warrants to the Purchaser that its representations and warranties made in Section 3 of the Backstop Agreement are true and correct as of the date hereof and will be true and correct as of the Closing Date (except for representations and warranties that are made as of a specific date, which are made only as of such date) with the same force and effect as if made at and as of the Closing Date.

• The Parties acknowledge and agree that the Purchased Shares, which include associated Warrants, will be sold and issued to the Purchaser subject to and in accordance with the Backstop Agreement.

More Definitions of Backstop Agreement

Backstop Agreement means that certain backstop agreement, dated as of August 18, 2020, by and among the Backstop Parties, Valaris, and the other Debtor parties thereto, as may be amended, supplemented, or modified from time to time, setting forth, among other things, the terms and conditions of the Rights Offering and the Backstop Commitments, attached as Exhibit B to the Restructuring Term Sheet.

Backstop Agreement means (i) that certain Agreement for Purchase of Unsubscribed Firm Capacity and Rate Agreement for Rate Schedule MN365 dated June 26, 1998, between Pipeline and Mobil Natural Gas Inc. and (ii) that certain Backstop Service Agreement for Rate Schedule MN365 dated June 26, 1998, between Pipeline and Mobil Natural Gas Inc., both of which were filed on January 22, 1999 with the Commission as part of Pipeline's amendment application in Docket No.CP96-809.

Backstop Agreement means the backstop agreement dated November 13, 2013 (as amended from time to time) between certain Noteholders, Jaguar, MCT, MSOL and MTL, together with any Backstop Consent Agreements executed by other parties from time to time;

Backstop Agreement means the Backstop Agreement that shall be included in the Plan Supplement in substantially final form, the terms of which shall be consistent with the Restructuring Term Sheet and otherwise acceptable to the Consortium and the Reorganized Debtors.

Backstop Agreement shall have the meaning given in the Recitals hereto.

Backstop Agreement means that certain Backstop Security Support Agreement entered into on November 2, 2015 by an individual investor and the Company, as amended to date.

Backstop Agreement means that certain backstop agreement dated July 27, 2021 between KORE Wireless Group, Inc., a wholly owned subsidiary of KORE, and Drawbridge Special Opportunities Fund LP, an affiliate of Fortress Credit Corp., in connection with the Backstop Financing.