Backstop Notes definition

Backstop Notes has the meaning set forth in the recitals.

Backstop Notes means the 8.00% senior secured notes issued by the Issuer on the Backstop Issue Date, if any.

Backstop Notes means any Notes issued by the Issuers upon consummation of the Exchange Offer as contemplated by, and in accordance with, the Backstop Commitment Letter, to the Holders party thereto.

Examples of Backstop Notes in a sentence

• Immediately prior to the First Merger, it is anticipated that the PIPE Investment and, if applicable, the Backstop Financing will be funded, shares of Pubco Common Stock will be issued to PIPE Investors and, if applicable, the Backstop Notes will be issued to the lender(s) providing Backstop Financing.

• See section entitled “Proposal No. 1—The Business Combination Proposal—Certain Agreements Related to the Business Combination—Backstop Financing” for key terms of the Backstop Notes.

• There will be no over-subscription privilege in the New Notes Rights Offering, such that any Unsubscribed Notes will not be offered to other Rights Offering Participants, but rather will be purchased by the Backstop Parties (subject to their respective Backstop Notes Commitment Amounts) in accordance with the terms and conditions of the Backstop Purchase Agreement and the Backstop Order.

• Perhaps because of this, few interviewees spoke of inclusion with named reference to other student differences.

• Reflects interest expense and amortization of debt issuance costs related to the Backstop Notes.

More Definitions of Backstop Notes

Backstop Notes means the 18.00% Senior Secured Notes issued by the Loan SPV, as in effect on the Issue Date and with such modifications as the holders thereof and Loan SPV may agree, which modifications are immaterial or which reflect corresponding modifications to the loans under the Credit Agreement in accordance with the Credit 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 pursuant to the Backstop Financing.

Backstop Notes has the meaning assigned to it in Section 2.2(a).

Backstop Notes has the meaning given to such term in Section 1.2(d) hereof.

Backstop Notes means the Company’s senior unsecured exchangeable notes due 2028 issued and outstanding as of the date of this Agreement.

Backstop Notes means the Unsubscribed Notes in an aggregate principal amount of up to $160,000,000 that will be issued and sold by Exide in the Rights Offering to the Backstop Parties in accordance with their respective Aggregate Commitment Amounts pursuant to this Commitment Agreement.

Backstop Notes means the senior unsecured convertible notes in an aggregate principal amount of $120.0 million issued to a lender and its affiliates by a subsidiary of the Company and guaranteed by the Company;