Backstop Warrants definition

Backstop Warrants means, in accordance with and subject to the terms and conditions of the Safeguard Plan, the warrants to be issued at no cost by CGG to members of the Ad Hoc Senior Noteholder Committee as of June 13, 2017 (or their transferees as authorized under the New Second Lien Private Placement Agreement) as partial compensation for the backstop of the New Second Lien Notes provided by such members of the Ad Hoc Senior Noteholder Committee (or their transferees as authorized under the New Second Lien Private Placement Agreement). CGG and the beneficiaries of the Backstop Warrants (as of the date which is the closest to such decision), acting unanimously, may decide to procure the delivery of the Backstop Warrants or the underlying New CGG Shares through alternative means (excluding payment in Cash of the value of the Backstop Warrants by CGG).
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Backstop Warrants means collectively, the Harbinger Backstop Warrants, the Blue Line Backstop Warrants and the Breakaway Backstop Warrants.
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Backstop Warrants shall have the meaning set forth in the A&R Forward Purchase Agreement.
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Examples of Backstop Warrants in a sentence

  • The payment of the Backstop Fee and issuance of the Backstop Warrants to the Backstop Parties shall be approved by the Bankruptcy Court pursuant to the Approval Order.

  • In connection with the reverse recapitalization treatment of the Business Combination, the Company effectively issued 37,360,000 warrants to purchase shares of Grindr’s common stock, which included 13,800,000 public warrants, 18,560,000 Private Warrants, 2,500,000 Forward Purchase Warrants, and 2,500,000 Backstop Warrants.

  • Backstop Warrants mean the warrants to purchase shares of the New Common Stock issuable to the Backstop Parties in accordance with the terms of the Backstop Agreement.

  • In the event that the Holder shall sell or otherwise transfer any of the Holder’s Backstop Warrants, the restrictions of the prior sentence shall apply to such transferee.

  • The payment of the Backstop Fee and issuance of the Backstop Warrants to the Backstop Parties shall be approved by the Bankruptcy Court pursuant to the Approval Order.The Share Purchase Rights will be exercisable for a purchase price of $1.10 per share of the New Common Stock.

  • The Forward Purchase Warrants and Backstop Warrants will become exercisable thirty (30) days after the Merger Closing and will expire five (5) years after the Merger Closing or upon redemption or the liquidation of the Company, if earlier, as described in the Warrant Agreement.

  • No registration under the Securities Act is required for the offer and sale by Borrower to HCP-FVA of the Loan & Backstop Warrants or the HCP-FVA Financing Unit Warrants.

  • None of the Loan Parties, their Subsidiaries or their Affiliates, nor any Person acting on its or their behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D promulgated under the Securities Act) in connection with the offer or sale of the Loan & Backstop Warrants, the HCP-FVA Financing Unit Warrants or the Financing.

  • Except as set forth on Schedule 9.30, no brokerage or finder’s fees or commissions are or will be payable by any Loan Party or any of its Subsidiaries to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or other Person with respect to the transactions contemplated by this Agreement (including the issuance of the Loan & Backstop Warrants and the HCP-FVA Financing Unit Warrants).

  • Prior to the record date for any Company stockholders meeting held in connection with the Stockholder Approval, HCP-FVA agrees to exercise any Loan & Backstop Warrants and any Financing Unit Warrants for which the Company has sufficient authorized capital and will vote the Common Stock it receives upon such exercise in favor of the proposals set forth in the preceding sentence.


More Definitions of Backstop Warrants

Backstop Warrants shall the meaning ascribed to such term in the Backstop Loan Agreement.
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Backstop Warrants means the warrants to purchase shares of New Molecular Insight Preferred Stock with an exercise price of $0.01 per share and with a seven-year term, exercisable for an aggregate of 6.5% of New Molecular Insight Common Stock issuable upon conversion of the New Molecular Insight Preferred Stock outstanding as of the Effective Date (excluding shares of New Molecular Insight Common Stock issuable upon the conversion of New Molecular Insight Preferred Stock issuable upon exercise of the New Warrants), which warrants will be issued by the Reorganized Debtor to certain Exit Lenders on the Effective Date pursuant to the New Warrant Agreement.
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Backstop Warrants mean the 10,000,000 warrants to purchase shares of the Common Stock issued to the Backstop Parties pursuant to the Backstop Agreement.
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Backstop Warrants has the meaning specified in the Preamble hereto.
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Backstop Warrants means the warrants to be issued pursuant to the Backstop Issue.
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Backstop Warrants means, collectively, the warrants issued to the investors under the Standby Purchase Agreement in the Offering, as more fully described in the Purchase Agreement.
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Related to Backstop Warrants

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Parent Warrants has the meaning set forth in Section 5.3(a).

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Backstop Agreement has the meaning set forth in the recitals to this Agreement.

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • Sponsors’ Warrants means the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; and (vi) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Initial Warrants means the warrant to purchase shares of common stock of the Issuer issued pursuant to the Initial Warrants Purchase Agreement.

  • Qualifying Warrants means net share settled warrants to purchase Common Stock that have an exercise price greater than the current Market Value of the issuer’s Common Stock as of their date of issuance, that do not entitle the issuer to redeem for cash and the holders of such warrants are not entitled to require the issuer to repurchase for cash in any circumstance.

  • Backstop Commitment has the meaning set forth in Section 2.2(b).

  • Backstop Parties means those parties that agree to backstop the Rights Offering pursuant to the Backstop Commitment Letter, each in its respective capacity as such.

  • Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

  • Series A Securities means the Company's Series A 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028 as authenticated and issued under this Indenture.

  • Sponsor Warrants shall have the meaning given in the Recitals hereto.

  • Private Placement Warrants shall have the meaning given in the Recitals hereto.

  • Placement Warrants shall have the meaning given in the Recitals hereto.