Defaulting Preferred Backstop Investor definition

Defaulting Preferred Backstop Investor has the meaning assigned to it in Section 8(b)(i).

Examples of Defaulting Preferred Backstop Investor in a sentence

  • To the extent the Defaulting Preferred Backstop Investor had agreed to purchase more than its Backstop Percentage of the PropCo Preferred Equity Upsize Shares or the Available Put Shares, such shares may be reallocated to Non-Defaulting Preferred Backstop Investors who have agreed to purchase less than their respective Backstop Percentages of such shares up to their respective Backstop Percentages, in each case in proportion to their respective Backstop Percentages.

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