Initial Backstop Parties definition

Initial Backstop Parties means those Noteholders (or their affiliates) who (i) are not disqualified by JPM’s customary policies and requirements for lending syndicate members, consistently applied and (ii) have, on or before the JPM Backstop Date, executed backstop loan commitment agreements with JPM as identified to Tembec.

Initial Backstop Parties means HBK Master Fund L.P., Barclays Bank PLC and Tricap Partners II L.P.

Initial Backstop Parties shall offer the opportunity to participate in the backstop to all qualifying holders of (a) Guaranteed Notes, (b) Legacy Notes, and (c) Paragon Litigation Claims against Noble Holding International Limited that have been agreed by the Company and the Paragon Litigation Trust (the “

Examples of Initial Backstop Parties in a sentence

• Through the Effective Date, the Debtors shall pay currently in cash all reasonable and documented fees and expenses of the Consenting Noteholder Advisors, the Rowan Ad Hoc Group (other than those fees and expenses incurred in pursuing the Harris County Litigation), and the Initial Backstop Parties.

• The backstop agreements with the Additional Backstop Parties shall not be on terms more favourable to the Additional Backstop Parties than contained in the backstop agreements with the Initial Backstop Parties.

• The Participation Shortfall (if any) shall be funded pro rata by the Initial Backstop Parties and the Additional Backstop Parties based on the Initial Backstop Parties' and the Additional Backstop Parties' respective proportions of the sum of the Initial Backstop Amount and the Additional Backstop Amount.

• Upon the Confirmation Date, the Debtors shall pay all reasonable and documented unpaid fees and expenses of the Consenting Noteholder Advisors (as defined in the Restructuring Support Agreement), the Rowan Ad Hoc Group fees (as defined in the Restructuring Support Agreement) (other than those fees and expenses incurred in pursuing the Harris County Litigation), and the professionals retained by the Initial Backstop Parties (as defined in the Backstop Agreement) incurred prior to the Confirmation Date.

• For the avoidance of doubt, neither the Consenting Noteholder Advisors, the Rowan Ad Hoc Group, nor the Initial Backstop Parties shall be required to file any interim or final fee application with the Bankruptcy Court with respect to any invoices.

More Definitions of Initial Backstop Parties

Initial Backstop Parties means each of the Backstop Parties party hereto and listed on Schedule I, in each case, as of the Execution Date.

Initial Backstop Parties means each Backstop Party that is a party to this Agreement as of the date of this Agreement.

Initial Backstop Parties means JPM SI and those Noteholders (or their affiliates) who have executed backstop participation agreements with JPM NA.

Initial Backstop Parties means those Second Lien Noteholders that entered into the Backstop Commitment Letter as of July 7, 2016, and their permitted assigns.

Initial Backstop Parties means the Noteholder parties who are the “Initial Backstop Parties” under the Backstop Commitment.

Initial Backstop Parties means (a) Cetus Capital, LLC and (b) Xxxxxxxxx Xxxxxx Investment Advisers LLC.

Initial Backstop Parties means funds and accounts managed or advised by (a) J.P. Morgan Investment Management Inc. and/or JPMorgan Chase Bank,N.A. (b) Millstreet Capital Management.