Backstop Financing definition

Backstop Financing means the backstop for the Exit Financing provided by the Backstop Parties.
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Backstop Financing means the backstop financing to be provided by an affiliate of Fortress Credit Corp. pursuant to the Backstop Agreement. “Backstop Notes” means the senior unsecured convertible notes in an aggregate principal amount of up to $120,000,000 to be issued by KORE
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Backstop Financing means the backstop financing to be provided by an affiliate of Fortress Credit Corp. pursuant to the Backstop Agreement.
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Examples of Backstop Financing in a sentence

  • Cash proceeds from the Business Combination totaled approximately $467.5 million, which included funds held in Artius’s trust account and the completion of the concurrent PIPE and Backstop Financing.

  • Backstop Financing As defined in the Restructuring Support Agreement.

  • The HFOTCO Debt Commitment Letter is not subject to any conditions precedent related to the funding of the full amount of the HFOTCO Backstop Financing (including pursuant to any flex provisions in the related fee letter or otherwise) other than as set forth expressly therein and are in full force and effect and are the legal, valid, binding and enforceable obligations of SEMG and Buyers and, to the Knowledge of SEMG, each of the other parties thereto, as the case may be, subject to Creditors’ Rights.

  • The Acquiror will promptly deliver to the Company true, correct and complete copies of each Backstop Financing Documents entered into by the Acquiror and the Backstop Investors.

  • The development includes limited on-site parking and a travel plan to ensure that a minimal number of vehicles enter the site.• Three permanent disabled parking bays already restrict parking in the turnaround area.

  • This may be the result of: ▪ Adding or removing the DIO Type 1 card from Slot C▪ Adding or removing the PT/CT card from Slot F▪ Changing the “Type” version of any card from the previously installed card profile except for the COMM cards in Slot E.(NOTE: changing the “Type” version of a card by definition will change the Catalog Number).

  • Upon request of the Company, Acquiror shall keep the Company reasonably informed on a current basis and in reasonable detail of material developments in respect of the Committed Backstop Financing, the Credit Agreement Amendment and the processes relating thereto.

  • Notwithstanding anything herein to the contrary, none of the Financing Sources shall have any liability to the Company, Company Subsidiaries, Sellers or the Affiliates of any of the foregoing relating to or arising out of this Agreement or the HFOTCO Backstop Financing, whether at law, or equity, in contract, in tort or otherwise.

  • In furtherance, and not in limitation of, the foregoing waiver, it is acknowledged and agreed that no Financing Source shall have any liability for any claims or damages to the Company or any Company Related Party (other than Acquiror or Merger Sub) in connection with this Agreement, the Backstop Commitment Letter, the Committed Backstop Financing, the definitive financing arrangements or the transactions contemplated hereby or thereby, in each case in connection with the Transactions.

  • The Purchaser shall have received net proceeds from the Private Placement or Backstop Financing sufficient such that, after giving effect to the Merger, the Redemption and the receipt of such net proceeds, the Purchaser will satisfy the applicable listing requirements of Nasdaq.


More Definitions of Backstop Financing

Backstop Financing means any backstop arrangements and/or private placements of equity securities of the Purchaser which is permitted by Section 5.3 (including any such transactions which are permitted by Schedule 5.3) or to which the Company has consented pursuant to Section 5.3, other than a Bridge Loan.
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Backstop Financing means the potential issuance and sale of up to $20 million of shares of Tiberius Common Stock in a private placement to certain officers of Tiberius and their related company, the Gray Insurance Company, pursuant to the Backstop Subscription Agreements.
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Backstop Financing means the backstop financing to be provided by a prospective lender to help satisfy the minimum cash condition at Closing. “Backstop Notes” means the senior unsecured convertible notes in an aggregate principal amount of up to $120,000,000 to be issued by KORE
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Related to Backstop Financing

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Exit Financing means the financing under the Exit Facility.

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

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

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

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

  • New Financing has the meaning specified in Section 2.04(a).

  • 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.

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

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

  • Securities Financing Transactions means collectively securities lending transactions, sale and repurchase transactions and reverse repurchase transactions.

  • Refinancing Transactions means the transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

  • 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.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

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

  • Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

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

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Additional Financing has the meaning set forth in Section 16.3(a).