Backstop Commitment Percentage definition

Backstop Commitment Percentage means, with respect to any Commitment Party, such Commitment Party’s percentage of the Backstop Commitment as set forth opposite such Commitment Party’s name under the column titled “Backstop Commitment Percentage” on Schedule 1 (as it may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement). Any reference to “Backstop Commitment Percentage” in this Agreement means the Backstop Commitment Percentage in effect at the time of the relevant determination.

Backstop Commitment Percentage in this Agreement means the Backstop Commitment Percentage in effect at the time of the relevant determination.

Backstop Commitment Percentage means, with respect to any Commitment Party, such Commitment Party’s percentage of the Backstop Commitment as set forth opposite such Commitment Party’s name under the column titled “Backstop Commitment Percentage” on Schedule 2 (as it may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement). Any reference to “Backstop Commitment Percentage” in this Agreement means the Backstop Commitment Percentage in effect at the time of the relevant determination.

Examples of Backstop Commitment Percentage in a sentence

• Nothing in this Agreement shall be deemed to require a Commitment Party to purchase more than its Backstop Commitment Percentage of the Unsubscribed Shares.

• Such Commitment Party has and will maintain sufficient immediately available funds to make and complete the payment of the aggregate purchase price for its Rights Offering Equity Interests subscribed for in the Rights Offering and its Backstop Commitment Percentage of the Unsubscribed Equity Interests on the Funding Deadline.

• Nothing in this Agreement shall be deemed to require a Backstop Party to purchase more than its Backstop Commitment Percentage of the Unsubscribed New First Lien Notes.

• When attaching a copy of this Agreement to any public disclosure, the Credit Parties will redact any reference to a specific Backstop Party, its Backstop Commitment Percentage, its Initial Backstop Commitment Percentage or any of its holdings information, including the signature pages, Schedule 2 and Schedule 3 hereto .

• In accordance with the Backstop Agreement and subject to the terms and conditions thereof, each of the Backstop Parties has agreed, severally but not jointly, to purchase, on or prior to the Effective Date, its respective Backstop Commitment Percentage (as defined in the Backstop Agreement) of the Unsubscribed Shares (as defined in the Backstop Agreement).

More Definitions of Backstop Commitment Percentage

Backstop Commitment Percentage means, with respect to each Backstop Party, the percentage set forth opposite such Backstop Party’s name under the column titled “Backstop Commitment Percentage” on Schedule 1 (as it may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement). Schedule 1 shall be redacted in any public filings with the SEC, the Bankruptcy Court or otherwise and shall be updated from time to time to reflect the addition of Additional Backstop Parties that become party hereto, which updates shall be provided to the counsel to the Initial Backstop Parties upon reasonable request.

Backstop Commitment Percentage means the HoldCo Equityholders Backstop Commitment Percentage and/or the HoldCo Noteholders Backstop Commitment Percentage, as applicable.

Backstop Commitment Percentage means, with respect to any Commitment Party, the percentage set forth opposite such Commitment Party’s name as follows (as such Schedule 1, Schedule 2A, or Schedule 2B, may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement):

Backstop Commitment Percentage means, for each Backstop Party, the percentage set forth on the Backstop Commitment Schedule opposite such Backstop Party’s name.

Backstop Commitment Percentage means the Secured Backstop Commitment Percentage and/or the Unsecured Backstop Commitment Percentage, as applicable.

Backstop Commitment Percentage means, for each Backstop Party, the percentage set forth opposite such Backstop Party’s name on Schedule 3 hereto.

Backstop Commitment Percentage means, with respect to any Backstop Party, a fraction, expressed as a percentage, the numerator of which is the outstanding principal amount of Term Loans that are held by such Backstop Party as of the Execution Date (which amount shall include (or exclude) all committed and/or agreed to purchases or sales, respectively, of Term Loans by such Backstop Party that have not yet settled as of the Execution Date) and the denominator of which is the aggregate outstanding principal amount of Term Loans that are held by all Backstop Parties as of the Execution Date (which amount shall include (or exclude) all committed and/or agreed to purchases or sales, respectively, of Term Loans by Backstop Parties that have not yet settled as of the Execution Date).