DIP Backstop Party definition

DIP Backstop Party means KKR Credit Advisors (US) LLC, Melody Capital Partners, L.P., Grantham, Mayo Van Otterloo & Co., LLC, and Silver Point Capital Fund, L.P. and/or certain funds or accounts managed, advised or controlled by, or by any subsidiary or Affiliate of, any of the foregoing.
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DIP Backstop Party means the DIP Lenders that are party to the DIP Backstop Commitment Letter.
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DIP Backstop Party s Pro Rata Share” means with respect to each DIP Backstop Party,
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Examples of DIP Backstop Party in a sentence

  • On the Plan Implementation Date, in accordance with the steps and sequence set out in Section 5.4, each DIP Backstop Party shall receive its DIP Backstop Party’s Pro Rata Share of 10% of the New Common Shares issued and outstanding on the Plan Implementation Date.

  • Prior to DIP Closing Date, DIP Backstop Commitments (and any DIP Premiums (as defined in the DIP Term Sheet)) may not be transferred by any DIP Backstop Party except to another DIP Backstop Party, an affiliated designee of such DIP Backstop Party or any other party that executes a Joinder, and upon notice of any such transfer, the Company shall amend Exhibit G attached hereto to reflect such transfer.

  • For the avoidance of doubt, any Ad Hoc Group Lender (other than a DIP Backstop Party on the Petition Date) who funds their Incremental DIP Loan Commitment, shall be entitled to the Backstop Fee.


More Definitions of DIP Backstop Party

DIP Backstop Party has the meaning set forth in the recitals to this Agreement.
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DIP Backstop Party has the meaning set forth in Section 4(c)(i) of this Agreement.
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Related to DIP Backstop Party

  • 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.

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

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

  • 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.

  • 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.

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

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

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

  • DIP Lender means a lender under the DIP Facility.

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

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

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

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

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

  • Investor means the Buyer, any transferee or assignee thereof to whom a Buyer assigns its rights under this Agreement in accordance with Section 9 and who agrees to become bound by the provisions of this Agreement, and any transferee or assignee thereof to whom a transferee or assignee assigns its rights under this Agreement in accordance with Section 9 and who agrees to become bound by the provisions of this Agreement.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Investor Party has the meaning set forth in Section 4.7.

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

  • Exit Financing means the financing under the Exit Facility.

  • Second Lien Noteholders means the holders of Second Lien Notes.

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

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

  • Related Transactions Documents means the Loan Documents, and all other agreements or instruments executed in connection with the Related Transactions.

  • Purchaser Representative means any person who satisfies all of the following conditions or who the issuer reasonably believes satisfies all of the following conditions:

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