Equity Backstop Fee definition

Equity Backstop Fee means the aggregate Equity Backstop, including the Excess Backstop, commitment fee for the use of capital set forth in the Commitment Letters.
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Equity Backstop Fee means the aggregate Equity Backstop commitment fee for the use ofcapital set forth in the Commitment Letters.
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Equity Backstop Fee means the" 304 Change "“Equity Backstop Parties” means" changed to "94. “Equity Backstop Parties” means"
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Examples of Equity Backstop Fee in a sentence

  • Each Equity Backstop Party shall receive from the Debtors (other than CII) the Equity Backstop Fee (if such fee is payable), for the use of capital, in Cash, as provided in clause (d) below; provided, that such Equity Backstop Party shall not have terminated its Commitment Letter with respect to the Equity Backstop on or prior to the Effective Date.

  • Pursuant to the Plan, in full and final satisfaction, settlement, release, and discharge of and in exchange for its Claim each U.S. Holder of an Allowed Term Loan Claim shall receive its Pro Rata share of and interest in (i) the Last Out Exit Term Loan Facility; (ii) New Common Stock, subject to dilution on account of the Management Incentive Plan and the Equity Backstop Fee, and (iii) potentially, the Participation Right.

  • Objectives and MilestonesThe partial repayment of the Red Kite Loan, the repayment of the Pala Bridge Loan and the Payment of the Subsequent Equity Backstop Fee were completed concurrently with the completion of the Offering.

Related to Equity Backstop Fee

  • 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.

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

  • Closing Fee has the meaning set forth in Section 2.09(c).

  • Structuring Fee has the meaning set forth in the Fee Letter.

  • Equity Commitment Letter has the meaning set forth in Section 3.4(a).

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Debt Commitment Letter has the meaning set forth in Section 4.20.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Exit Financing means the financing under the Exit Facility.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Restructuring Support Agreement has the meaning set forth in the Recitals.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Alternative Acquisition Agreement shall have the meaning set forth in Section 6.5(c).

  • Clawback Amount means the “Clawback Amount” and the “Interim Clawback Amount,” both as defined in Article One of the BREP VII Partnership Agreement, and any other clawback amount payable to the limited partners of BREP VII or to BREP VII pursuant to any BREP VII Agreement, as applicable.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such, or such earlier date as a majority of the Board of Directors shall become aware of the existence of an Acquiring Person.

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Exit Fee shall have the meaning specified in the Fee Letter.

  • Rights Offering Amount means $300,000,000.

  • Bridge Financing has meaning set forth in Section 7.6.

  • Equity Commitment means (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person's Organizational Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • Issuance Fee shall have the meaning given in paragraph 2A(8)(ii) hereof.