Backstop Agreements definition

Backstop Agreements means the Debt Backstop Agreement and the Equity Backstop Agreement.
Backstop Agreements shall have the meaning set forth in the Recitals hereof.
Backstop Agreements means those certain agreements providing for the allocation of liability and contribution for losses arising from any “bad boy” guaranties constituting part of the Loan Documents.

Examples of Backstop Agreements in a sentence

  • WSW will make every effort to do everything necessary to collect the amounts due from the Municipalities under the Backstop Agreements.

  • The total amount of loans that the Municipalities have to provide to WSW under the Backstop Agreements in the event of a Deficit.

  • Each Secured Loan raised by a Participant is at all times subject to one or more other Backstop Agreements with Municipalities in addition to the Backstop Agreement with the State.

  • The municipality that is a party to this Agreement, where either itself or its legal predecessor(s) has/have previously entered into one or more Backstop Agreements with WSW.


More Definitions of Backstop Agreements

Backstop Agreements means, collectively:
Backstop Agreements means, collectively, (a) the Credit and Guaranty Agreement, dated as of October 17, 2017, among TPO, as borrower, TerraForm Power, LLC, as a guarantor, certain subsidiaries of TPO, as guarantors, the lenders party thereto from time to time, and HSBC Bank USA, National Association, as administrative agent and collateral agent (the “Revolver”); (b) the Credit Agreement, dated as of October 16, 2017, by and among Parent, as Borrower, and Brookfield Asset Management Inc., a corporation existing under the laws of the Province of Ontario, and Brookfield Finance Luxembourg S.ÀR.L., a société à responsabilité limitée organized under the laws of the Grand Duchy of Luxembourg, as Lenders (the “Sponsor Line”); and (c) the Support Agreement dated as of February 6, 2018 by and among Parent and Brookfield Asset Management Inc. (the “Support Agreement”).
Backstop Agreements means, collectively, (i) the Backstop Commitment Agreement, dated as of April 11, 2018, by and between the Company and York Capital Management Global Advisors, LLC, severally on behalf of certain funds or accounts advised by it or its Affiliates, (ii) the Backstop Commitment Agreement, dated as of April 11, 2018, by and between the Company and Valinor Management, L.P., severally on behalf of certain funds or accounts for which it is investment manager and (iii) the Backstop Commitment Agreement, dated as of April 11, 2018, by and between the Company and Halcyon Capital Management LP, severally on behalf of certain funds or accounts advised by it or its Affiliates.
Backstop Agreements means, collectively, the Additional Backstop Agreements and the Initial Backstop Agreements;
Backstop Agreements means, collectively, (i) the Backstop Commitment Agreement, dated as of April 11,2018, by and between the Company and York Capital Management Global Advisors, LLC, severally on behalf of certain funds or accounts advised by it or its Affiliates, (ii) the Backstop Commitment Agreement, dated as of April 11, 2018, by and between the Company and Valinor Management, L.P., severally on behalf of certain funds or accounts for which it is investment manager and (iii) the Backstop Commitment Agreement, dated as of April 11, 2018, by and between the Company and Halcyon Capital Management LP, severally on behalf of certain funds or accounts advised by it or its Affiliates.
Backstop Agreements means the backstop agreements among Compton, Compton Finance and the Backstoppers, including any adhesion agreements associated therewith and entered into by Additional Backstoppers.
Backstop Agreements shall have the meaning specified in the Transaction Agreement.