DIP Backstop Parties definition

DIP Backstop Parties means those Entities set forth on Exhibit A to the Term Sheet, together with their affiliates, and any affiliated investment funds, investment vehicles or Entity that is managed, advised or sub-advised by such Entity or such affiliate.

DIP Backstop Parties means the parties identified on Exhibit 6 to the Restructuring Support Agreement, as may be updated or amended.

DIP Backstop Parties means those Noteholders that have executed the Support Agreement and are signatories to the DIP Backstop Commitment Letter, and “DIP Backstop Party” means any one of them.

Examples of DIP Backstop Parties in a sentence

• The distributions to be made to: the DIP Backstop Parties pursuant to section 5.3(1), the New Lenders pursuant to section 5.3(2) and the Initial Consenting Noteholders pursuant to section 5.3(3) shall be made in accordance with this section 4.3.

• On the Plan Implementation Date, the Applicant shall, upon receipt of and in accordance with a written direction of the Monitor prepared based on the information received by the Monitor pursuant to section 4.3(b), register or deliver, as applicable, to the DIP Backstop Parties, the New Lenders and the Initial Consenting Noteholders, the applicable amount of New Common Shares as so directed by the Monitor.

• If the Backstop Premium is allowed to lapse unexercised, the DIP Backstop Parties should recognize capital gain in an amount equal to the Backstop Premium.

• Under the model Work Health and Safety Act 2011 ( WHS Act), an agency worker who is an employee, is considered a “worker” for the purposes of the WHS Act, with similar Acts of Parliament operating in most Australian jurisdictions.

• Two lists were created using the 120 KS sentences and 120 US sentences, each with 60 KS sentences and 60 US sentences.

• Upon the earlier of (x) the DIP Closing Date and the funding of the DIP Loans and (y) the termination or expiration of this Agreement in accordance with its terms prior to the DIP Closing Date, the commitments of the DIP Backstop Parties and the Joining DIP Commitment Parties to provide their respective portions of the DIP Facility pursuant to this Section 3.08 shall terminate.

• On the Closing Date (as defined below), the Initial DIP Loan (as defined below) will be made, and all DIP Commitments (as defined below) will be held, by Xxxxxx or another initial DIP Lender as determined by the Requisite DIP Backstop Parties.

• The DIP Backstop Parties and any other qualifying Noteholders who participate in the DIP Loan are referred to herein as the “DIP Lenders”.

• Participation in the DIP Facility will be open to all holders of the 8.875% Senior Secured Notes due 2018 (the “Secured Noteholders,” and those Secured Noteholders that elect to participate in the DIP Facility, the “DIP Lenders”), and shall be fully backstopped by the DIP Backstop Parties (as defined in the DIP Facility Term Sheet) on the terms and conditions set forth in the DIP Facility Term Sheet.

• For the avoidance of doubt, the Debtors and the Reorganized Debtors do not reserve any Causes of Action or Litigation Claims that have been expressly released (including, for the avoidance of doubt, Claims against the Consenting Lenders, the DIP Agent, the DIP Lenders, the DIP Backstop Parties and the Exit Backstop Parties and Claims otherwise released pursuant to the Debtor Releases provided in Article X.B and the Exculpation contained in Article X.E of this Plan).

More Definitions of DIP Backstop Parties

DIP Backstop Parties means the members of the Ad Hoc Groups that are set forth on Exhibit A of the Restructuring Term Sheet attached as Exhibit B to the Restructuring Support Agreement and that, pursuant to the DIP Backstop Agreement, agreed to backstop the DIP New Money Commitments.

DIP Backstop Parties has the meaning set forth in the Transaction Term Sheet.

DIP Backstop Parties means the Consenting Term Lenders set forth on the DIP Backstop Allocation Schedule that have agreed to backstop and fund the full amount of the DIP Facility.

DIP Backstop Parties means Redwood Capital Management, LLC and Nut Tree Capital Management, LLC (including their respective Related Funds that are signatories to the DIP Commitment Letter).