Examples of Backstop Facility in a sentence
AVAILABILITY: From the Closing Date and prior to the Commitment Termination Date, the Borrowers may, subject to the terms of the Backstop Facility, borrow, repay and reborrow.
Going back a few verses, Corinthians supports Ephesians and the knowledge of the mystery of His will.
The Backstop Facility could only be used as a single draw to assist the Company in repaying the $250 million, 7.4% notes due on Apr.
While any such Borrowing is outstanding, it will be deemed usage of the Backstop Facility for the purposes of availability and the Commitment of each Lender (whether or not a Bidder) shall be reduced and deemed used for all purposes by its pro rata share (based on its respective Commitment) of an amount equal to the outstanding amount of such Borrowing.
Working on a script through a screen would actually provide some benefits if the final objective is to produce an online video format, as the delivery of lines could be tested in the medium that will eventually be used.
He stated that 60-70% of the current students at the Shrewsbury location are Worcester residents and are children of color, and that 80% of them are low to moderate income.
The Debtors do not have available sources of working capital or liquidity to maintain their estates without the authorized use of the Cash Collateral, including funds in the Holdback Accounts, and access to the Backstop Facility.
This is often known as horizontal and vertical extrapolation.There is broad academic consensus that the linear flow models that are often used in “simple” terrain simply cannot predict the winds and weather at complex sites because of the steep and changing slopes, forestry, and the effects of atmospheric stability.
The Debtors do not have sufficient available sources of working capital and financing to operate their business in the ordinary course of business or to maintain their property without the use of Cash Collateral and access to the Backstop Facility.
Subject to the Carve Out, upon the release of any Escrowed Funds to or for the benefit of the Debtors in accordance with the Investment Agreement, such funds shall be forthwith delivered to the Secured Party on account of amounts owing under the Backstop Facility (or to be held to satisfy amounts when due thereunder).