Backstop Purchase Price definition

Backstop Purchase Price means, with respect to any Preferred Backstop Investor, such Preferred Backstop Investor’s Backstop Percentage of the product of the (i) Per Share Purchase Price and (ii) the Unsubscribed Shares.
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Backstop Purchase Price means $2.50 per share of Common Stock.
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Backstop Purchase Price has the meaning assigned to it in Section 2.1(c)(i) hereof.
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Examples of Backstop Purchase Price in a sentence

  • Payment for the Backstop Shares to be purchased by each Preferred Backstop Investor at the Closing shall be effected by each such Preferred Backstop Investor delivering to [the Notice and Claims Agent] [two (2)] Business Days prior to the Closing in immediately available funds its respective Backstop Purchase Price, against delivery at Closing of the respective Backstop Shares.

  • Maxim Group LLC will receive a commission equal to 2% of the Backstop Purchase Price and 2% of the gross proceeds attributable to Backstop Investor’s participation in the Rights Offering as a Rights Holder.

  • The Company Notice shall constitute the binding obligation of the Purchasers to purchase, and the Company to sell to the Purchasers, the Backstop Purchase Shares for the aggregate Backstop Purchase Price, subject to the terms and conditions of this Agreement, at the closing of the sale of Backstop Purchase Shares (the “Backstop Closing”).

  • At least one (1) Business Day prior to the Backstop Closing Date, each Purchaser shall deliver to the Company the aggregate Backstop Purchase Price for all Backstop Purchase Shares purchased by such Purchaser, if any, by wire transfer of U.S. dollars in immediately available funds to the account specified in the Company Notice to be held in escrow until the Backstop Closing.

  • The Closing Date shall be delayed only to the extent necessary to allow each DNC 2025 Commitment Party to fund their respective DNC 2025 Backstop Purchase Price payable in respect of such unpurchased DNC 2025 Subscribed New Notes.

  • In the event the Closing does not occur on the anticipated Closing Date, the Company shall promptly (but no later than two (2) Business Days thereafter) return the FPS Purchase Price and value of the Backstop Purchase Price to the Purchaser.

  • The Backstop Party has, and on the Effective Date will have, available to it funds in amounts sufficient to pay its portion of the Backstop Purchase Price and to effect the transactions contemplated hereby.

  • Within five business days after delivery of the above-described notice, the Backstop Party shall deliver the Backstop Purchase Price funds to the Backstop Funds Escrow.

  • Delivery of the Backstop Membership Interests will be made to the accounts of the respective Backstop Parties (or to such other accounts as the Backstop Parties may designate) at 10:00 a.m., New York City time, on date specified in Section 5.4 against payment of the Backstop Purchase Price in immediately available funds to an account specified by Reorganized TER Holdings at least 24 hours in advance of the Effective Date.

  • The New Common Shares which each of the Backstop Investors is required to purchase pursuant to this Section 2.2(a) are referred to herein as such Backstop Investor’s “Backstop Shares.” The Backstop Investors will purchase such New Common Shares by exchanging the principal amount of New Senior Notes equal to such Backstop Investor’s Backstop Purchase Price.


More Definitions of Backstop Purchase Price

Backstop Purchase Price is defined in Section 2.2(b).
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Backstop Purchase Price is the aggregate amount to be paid by wire transfer of U.S. dollars in immediately available funds by each Backstop Investor equal to the number of Backstop Shares representing such Backstop Investor’s Backstop Entitlement multiplied by the Subscription Price.
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Backstop Purchase Price means, with respect to each Backstop Party, an amount equal to the sum of (x) the aggregate Purchase Price for such Backstop Party’s Backstop Commitment Amount and (y) the aggregate Purchase Price for the New First Lien Notes such Backstop Party has subscribed for in the Concurrent Notes Offering, less such Backstop Party’s Backstop Fee.
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Backstop Purchase Price has the meaning set forth in Section 13(b).
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Related to Backstop Purchase Price

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Purchase Price has the meaning set forth in Section 2.2.