Backstop Lenders definition

Backstop Lenders means the financial institutions (or any Affiliate, investment advisor, manager or beneficial owner for the account of such Person, or an affiliated fund or trade counterparty designated by such Person) listed on Schedule 2.5.2.

Backstop Lenders means the Initial Lenders and the Secondary Lenders.

Backstop Lenders means those certain Lenders party to the Backstop Commitment Letter.

Examples of Backstop Lenders in a sentence

• The Plan provides for distribution of (a) New Holdco Common Stock to holders of Allowed Claims in Class 4, the Exit Term Facility Backstop Lenders (or their respective designated investment advisors, managers, affiliates, related funds or managed accounts) and the Exit Term Facility Lenders (or their respective designated investment advisors, managers, affiliates, related funds or managed accounts) and (b) New Opco Common Units to New Holdco (collectively, the “Plan Securities”).

• Following the Closing Date, the Company shall use commercially reasonable efforts to assist the Backstop Lenders in connection with the primary syndication process (the “Syndication”) for the assignment of a proportionate share of the Term Loans and Commitments in accordance with the RSA.

• Neither the Borrower nor any of its Subsidiaries shall, except as otherwise permitted pursuant to the DIP Order, any Approved Plan or a motion filed by or after consultation of the Majority Backstop Lenders or a motion to assume the RSA, assume, assume and assign or reject any executory contract or unexpired lease not assumed, assumed and assigned or rejected on or before the date hereof.

• The Solicitation Assignments may be consummated on the Final Order Funding Availability Date and the payment of the purchase prices by the Electing Noteholders to the applicable Backstop Lenders may be made through the Administrative Agent pursuant to a netting arrangement in connection with the funding of the initial Loans made in connection with the Final Order Funding Availability Date.

• Rights (the “DIP Facility Participation Rights”) to fund up to 40% of the aggregate commitments under the DIP Facility (the “DIP Facility Participation Amount”) shall be offered to the Lenders that are Supporting Creditors, other than the DIP Facility Backstop Lenders, in each case up to such Lender’s pro rata share (based on Total Credit Exposure, without regard to any Total Credit Exposure held by the DIP Facility Backstop Lenders) of the DIP Facility Participation Amount.

More Definitions of Backstop Lenders

Backstop Lenders means those certain Noteholders who are members of the Ad Hoc Group of Noteholders and who executed and delivered the RSA and who hold Facility Amounts in the DIP Facility and any other Person to whom any Backstop Lender assigns its Facility Amount and Loans (other than in connection with any Solicitation Assignment) and who becomes a party hereto pursuant to an Assignment and Assumption and the RSA in accordance with the terms thereof.

Backstop Lenders means each of the Consenting Noteholders that are signatories to that certain commitment letter, agreed to and accepted by the Company on September 22, 2010 with respect to the DIP Credit Agreement.

Backstop Lenders means those Lenders identified on Schedule 2.01 hereto as “Backstop Lenders.”

Backstop Lenders has the meaning specified in Section 5.25.

Backstop Lenders means those certain Lenders party to the Backstop Commitment Letter. "Bankruptcy Code" has the meaning assigned to it in the recitals to the Agreement. "Bankruptcy Court" has the meaning assigned to it in the recitals to the Agreement.

Backstop Lenders means, individually or collectively, the Initial Backstop Lenders and any assignee thereof, in accordance with the terms of the applicable Backstop Commitment Letter.

Backstop Lenders means those certain Prepetition First Lien Lenders who executed the Restructuring Support Agreement and, pursuant to the terms thereof, shall backstop the Term DIP Commitments, as defined therein.