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.
Backstop Purchase Price means $2.50 per share of Common Stock.
Backstop Purchase Price means, with respect to any Preferred Backstop Investor, the product of the (i) Per Share Purchase Price and (ii) the aggregate number of shares of Backstop Shares to be purchased by such Preferred Backstop Investor.
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.
More Definitions of Backstop Purchase Price
Backstop Purchase Price has the meaning assigned to it in Section 2.1(c)(i) hereof.
Backstop Purchase Price is defined in Section 2.2(b).
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.
Backstop Purchase Price means, with respect to any Backstop Investor, such Backstop Investor’s Backstop Percentage of the product of the (i) Per Share Purchase Price and (ii) the greater of (A) the Minimum Commitment Shares and (B) the Unsubscribed Shares.
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.