Debt Backstop Parties definition

Debt Backstop Parties means the Consenting Noteholders that have executed the Debt Backstop Agreement.
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Examples of Debt Backstop Parties in a sentence

  • Such amount of total shares will be calculated shortly prior to the Effective Date and will depend on the extent, if any, to which Equity Backstop Parties and/or Debt Backstop Parties elect to receive payment of the Equity Backstop Premium or Debt Backstop Premium, as applicable, in shares of New Common Equity.

  • The backstop will include the Debt Backstop funded by the Debt Backstop Parties and New Common Stock up to an amount equal to the shortfall between the New Money Investment and the aggregate amount raised through the Rights Offering and the Debt Backstop.

  • With respect to any Debt Backstop Party, such Debt Backstop Party’s percentage of the Debt Backstop Obligations as set forth opposite such Debt Backstop Party’s name under the column titled “Debt Backstop Percentage” on the Debt Backstop Allocation Schedule; provided, that nothing herein shall prohibit the consensual reallocation of such obligations among the Debt Backstop Parties.

  • Pursuant to that agreement, the Debt Backstop Parties agree to backstop the New Long-Term Debt on a several, and not joint and several, basis, on the terms set forth therein, and in exchange for certain consideration including the Debt Backstop Premium and the Additional Debt Backstop Premium.

Related to Debt Backstop Parties

  • 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.

  • Investor Parties has the meaning set forth in the Preamble.

  • Commitment Parties means the “Commitment Parties” as defined in the Commitment Letter.

  • Backstop Commitment Agreement means that certain Backstop Commitment Agreement, by and between CEOC and the PropCo Preferred Backstop Investors party thereto from time to time, as the same may be amended, amended and restated, supplemented, or otherwise modified from time to time in accordance with its terms, the form of which shall be included in the Plan Supplement.

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

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

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Debt Financing has the meaning set forth in Section 5.7.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Debt Financing Documents means the agreements, documents and certificates contemplated by the Financing, including all credit agreements, loan documents, purchase agreements, underwriting agreements, indentures, debentures and notes pursuant to which the Financing will be governed or contemplated by the Debt Commitment Letter.

  • Debt Financing Sources means the financial institutions identified in the Debt Financing Commitment Letters, together with each other Person that commits to provide or otherwise provides the Debt Financing, whether by joinder to the Debt Financing Commitment Letters or otherwise.

  • Lead Investors means collectively, BlackRock, GSO, Magnetar and, solely for purposes of Section 2.02(b), Investment Partners V (II), LLC.

  • Financing Parties means Parties financing the Project, pursuant to Financing Documents.

  • Note Parties means, collectively, the Issuer and each Guarantor.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

  • Second Lien Secured Parties means, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.

  • Prepetition Lenders means the Persons identified as "Lenders" under the Prepetition Credit Agreement, in their capacities as lenders under the Prepetition Credit Agreement, together with their successors and permitted assigns.

  • CEC means the California Energy Commission or its successor agency.

  • Exit Financing means the financing under the Exit Facility.

  • Co-Investors means each of (a) the Fund and the Fund Affiliates (excluding any of their portfolio companies) and (b) the Management Group.

  • PIPE Investors means those certain investors participating in the PIPE Investment pursuant to the Subscription Agreements.

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Existing Investors shall have the meaning given in the Preamble hereto.