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

  • 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.

  • If such put option is exercised, the Backstop Premium should reduce the DIP Backstop Parties' basis in the DIP Facility.

  • 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).

  • If such notice is given, View Royal will pay only for time and expenses incurred by the proponent up to the termination date and for any reasonable time and expenses incurred to bring the services to a close in a prompt and orderly manner.

  • No Entity (other than the Consenting Lenders, the DIP Agent, the DIP Lenders, the DIP Backstop Parties and the Exit Backstop Parties) may rely on the absence of a specific reference in the Plan, the Plan Supplement (including the Schedule of Retained Causes of Action), or the Disclosure Statement to any Cause of Action against it as any indication that the Debtors or the Reorganized Debtors, as applicable, will not pursue any and all available Causes of Action of the Debtors against it.

  • In accordance with the U.S. Plan, the WHOA Plan, and the RSA, the Company and/or Reorganized Debtors, as applicable, will distribute (i) New Common Stock (other than the Additional New Common Stock) to Holders of U.S. Plan Class 5 Claims, U.S. Plan Class 6 Claims, WHOA Plan Class 1 Claims, WHOA Plan Class 2 Claims, WHOA Plan Class 3 Claims, and (ii) the Additional New Common Stock to the DIP Backstop Parties and DIP Lenders pursuant to and in accordance with the terms of the DIP Facility.

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

  • Any waiver, change, modification or amendment to this Agreement and the Term Sheet that adversely affects the right of the DIP Backstop Parties or the DIP Commitment Parties as a class in their capacity as such shall require the consent of the Requisite DIP Commitment Parties, as applicable.

  • There is at least one (1) field office in each of New Mexico’s 33 counties, except Los Alamos.

  • The DIP Agent shall have received customary closing documentation, including officer’s certificates, a borrowing notice, customary legal opinions, evidence of authority, good standing certificates and lien searches, in each case in form and substance reasonably satisfactory to the DIP Agent and the Required DIP Backstop Parties.


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

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

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

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

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

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

  • Purchaser Parties means, collectively, the Purchasers and any of their respective former, current or future directors, officers, employees, agents, general or limited partners, managers, members, stockholders, Affiliates or assignees or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder, Affiliate or assignee of any of the foregoing.

  • 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.

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

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

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

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

  • Placement Agents shall have the meaning set forth in the preamble.

  • 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.

  • Oaktree means Oaktree Capital Management, LLC and its Affiliates, including any partnerships, separate accounts or other entities managed by Oaktree.

  • Transaction Parties As defined in Section 5.3(o).

  • CEOC means Caesars Entertainment Operating Company, Inc., a Delaware corporation.

  • Required Secured Parties has the meaning given to it in the Intercreditor Agreement.

  • Purchasers is defined in Section 12.3.1.

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

  • 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.

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

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Bank Parties means Administrative Agent and the Banks.