Backstop Commitment Letters definition

Backstop Commitment Letters means those certain Amended and Restated Chapter 11 Plan Backstop Commitment Letters (as amended, supplemented or otherwise modified from time to time prior to the date of this Agreement in accordance with the terms thereof and the Backstop Approval Order and as may be otherwise permitted under the Plan of Reorganization and the RSA) entered into with the investors party thereto, pursuant to which the Backstop Parties have separately committed to purchase, and will receive as consideration thereunder, shares of Common Stock, on the terms and subject to the conditions of the Backstop Commitment Letters and the Backstop Approval Order.
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Backstop Commitment Letters means those certain letter agreements, as may be amended or modified from time to time in accordance with the terms thereof and the Backstop Approval Order, pursuant to which the Backstop Parties have agreed to purchase shares of New HoldCo Common Stock on the terms and subject to the conditions thereof.
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Backstop Commitment Letters means the amended letter agreements dated around March 2, 2020, or such later date as may be applicable, pursuant to which the parties thereto (other than the Company) have agreed to purchase, on the terms and subject to the conditions thereof, shares of Common Stock to be issued as part of the Plan Funding.
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Examples of Backstop Commitment Letters in a sentence

  • The consummation of the Rights Offering shall be conditioned on the occurrence of the Effective Date, and any other condition specified in the Backstop Commitment Letters.

  • Harrington, the United States Trustee for Region 2 (the “United States Trustee”) submits the following objection to the Debtors’ Motion for Entry of an Order (I) Authorizing the Debtors to File Exit Backstop Commitment Letter (the “Exit Backstop Commitment Letter”) and Fee Letters (the “Fee Letters”, together with the Exit Backstop Commitment Letters collectively referred to herein as the “Letters”) Under Seal and (II) Granting Relayed Relief (the “Motion”).

  • Notwithstanding anything to the contrary in the Plan, all fees incurred in connection with the Plan Support Agreement and the Backstop Commitment, shall be paid in full, in accordance with the Backstop Commitment Letters on the Effective Date, and the Debtors or the Reorganized Debtors, as applicable, shall pay such other fees and expenses on the Effective Date as may have been agreed to by the Debtors prior to the Effective Date.

  • Second Amended Motion for Entry of Orders (I) Approving Terms of Debtors’ Entry Into and Performance Under, Equity Backstop Commitment Letters, (II) Approving Terms of, and Debtors’ Entry Into and Performance Under, Debt Financing Commitment Letters and (III) Authorizing Incurrence, Payment and Allowance of Related Fees and/or Premiums, Indemnities, Costs and Expenses As Administrative Expense Claims, U.S. Bankruptcy Court for the Northern District of California, Case No. 19-30088, ECF No. 6013, Ex. 4.

  • This is appropriate due to the unique situation of PG&E’s bankruptcy, its indebtedness to hundreds of wildfire claimants for loss of life and property, and the current upheaval in the financial markets.38 The Request for Review’s contentions that the fine should not be collected is based solely on PG&E’s unproven speculations questionably supported by extra-record evidence such as the Backstop Commitment Letters and PG&E’s served, but not filed, prepared testimony regarding ability to pay.


More Definitions of Backstop Commitment Letters

Backstop Commitment Letters means, individually or collectively, (a) that certain Amended and Restated Backstop Commitment Letter between Lee Enterprises and Goldman Sachs Lending Partners LLC, dated December 2, 2011, (b) that certain Amended and Restated Backstop Commitment Letter between Lee Enterprises and Mutual Quest Fund, dated December 2, 2011, (c) that certain Amended and Restated Backstop Commitment Letter between Lee Enterprises and Monarch Master Funding Ltd, dated December 2, 2011, (d) that certain Backstop Commitment Letter between Lee Enterprises and Mudrick Distressed Opportunity Fund Global, LP, dated December 2, 2011, and (e) that certain Backstop Commitment Letter between Lee Enterprises and Blackwell Partners, LLC, dated December 2, 2011.
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Related to Backstop Commitment Letters

  • Backstop Commitment Agreement means that certain Backstop Commitment Agreement, by and between CEOC and the PropCo Preferred Backstop Investors party thereto from time to time, as the same may be amended, amended and restated, supplemented, or otherwise modified from time to time in accordance with its terms, the form of which shall be included in the Plan Supplement.

  • Commitment Letters has the meaning set forth in Section 4.5.

  • Backstop Commitment has the meaning set forth in Section 2.2(b).

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Debt Commitment Letter has the meaning set forth in Section 6.6.

  • Commitment Letter has the meaning set forth in Section 5.7.

  • Equity Commitment Letter has the meaning set forth in Section 5.5(a).

  • Financing Commitments has the meaning set forth in Section 5.7.

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

  • Financing Commitment shall have the meaning set forth in Section 6.4.

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Refinancing Commitments shall have the meaning provided in Section 2.15(b)(i).

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.

  • Debt Financing has the meaning set forth in Section 5.7.

  • Equity Commitment means (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person's Organizational Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • Commitment Parties means the “Commitment Parties” as defined in the Commitment Letter.

  • Backstop Parties means those parties that agree to backstop the Rights Offering pursuant to the Backstop Commitment Letter, each in its respective capacity as such.

  • Debt Financing Sources means the financial institutions identified in the Debt Financing Commitment Letters, together with each other Person that commits to provide or otherwise provides the Debt Financing, whether by joinder to the Debt Financing Commitment Letters or otherwise.

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Investment Agreements has the meaning set forth in the Recitals.

  • Exit Financing means the financing under the Exit Facility.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Investment Agreement shall have the meaning set forth in the Recitals hereto.