Backstop Lender definition

Backstop Lender means each Lender who is party to the Commitment Letter.

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Backstop Lender means each Lender who is party to this Agreement on the Closing Date and is designated as a “Backstop Lender” on Schedule 2.01.

Backstop Lender means (a) each of Harbinger II S.à ▇.▇., Blue Line ACDL, Inc. and Breakaway ACDL, Inc., and (b) any Entity Affiliate of Harbinger II S.à ▇.▇., Blue Line ACDL, Inc. and/or Breakaway ACDL, Inc. who becomes a party to the Backstop Loan Agreement in connection with its assumption of a portion of one or more Backstop Advances and (c) if and when it becomes a party to the Backstop Loan Agreement or makes an Alternate Backstop Loan, Pinnacle and/or its Entity Affiliates.

Examples of Backstop Lender in a sentence

The precise terms of the Backstop Participation Agreement shall be agreed between each Backstop Lender and the relevant Intermediary Bank (in its sole discretion) as required by the Intermediary Bank pursuant to their risk participation criteria (including but not limited to satisfaction of any “know your client” checks, size of risk participation, credit assessment, access to a prime brokerage account, and the provision of any collateral in respect of that Backstop Lender’s participation).
By no later than 5.00 p.m. (London time) on 20 November 2018 (the “Risk Participation Deadline”), each Backstop Lender shall enter into a participation agreement with an Intermediary Bank acceptable to the Fronting Banks based on Loan Market Association terms (a “Backstop Participation Agreement”) pursuant to which it will fund its Total Backstop Allocation.
Each DIP Facility Backstop Lender shall fund no less than such DIP Facility Backstop Lender’s pro rata share (based on Total Credit Exposure, without regard to any Total Credit Exposure held by Lenders other than the DIP Facility Backstop Lenders) of 60% of the aggregate commitments under the DIP Facility.
Each Backstop Lender shall submit a copy of its Backstop Participation Agreement to the Information Agent by the Risk Participation Deadline.
The Company shall be deemed to have exercised each Put Option in full immediately prior to the end of the Put Option Exercise Period unless the Company shall have given written notice to such Backstop Lender on or prior to such time that it has elected not to exercise a Put Option.

More Definitions of Backstop Lender

Backstop Lender has the meaning given to it in the Implementation Term Sheet.

Backstop Lender means each Lender who is party to this Agreement on the Closing Date and is designated as a “Backstop Lender” on Schedule 1.01.

Backstop Lender means each Lender as of the Closing Date.

Backstop Lender at any time, any Lender (a) that is a Person listed on Schedule 1.1(a), (b) that is an Affiliate of or under common management with a Person listed on Schedule 1.1(a), (c) that is an entity or an Affiliate of an entity that administers or manages a Person listed on Schedule 1.1(a) or (d) that is an entity or an Affiliate of an entity that is the investment advisor to a Person listed on Schedule 1.1(a).

Backstop Lender means Franklin Advisers, Inc. and its managed funds and accounts and Affiliates thereof.

Backstop Lender means each Existing Notes Creditor or Existing RCF Lender who has elected to risk participate for its Total Backstop Allocation in accordance with the terms of the CRPA and, to the extent required under the terms of the CRPA, has entered into a risk participation agreement in respect thereof by the Risk Participation Deadline, together with their permitted transferees pursuant to the terms of the CRPA.

Backstop Lender means, as of the date of determination, a Lender with a Backstop Loan Commitment or, if the Backstop Loan has been funded, a Lender holding all or any portion of the Backstop Loan.