Initial Backstop Party definition

Initial Backstop Party means each party listed in Part 1 (Initial Backstop Parties) of Schedule 4 (Backstop Parties and Undertakings).
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Initial Backstop Party means a Backstop Party identified on Schedule 3 hereof (as it may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement).
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Initial Backstop Party s Commitment Percentage” means, with respect to each Initial Backstop Party, (x) the amount of the Initial Backstop committed by such Initial Backstop Party pursuant to its Initial Backstop Agreement divided by (y) the New Loan Amount;
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Examples of Initial Backstop Party in a sentence

  • Notwithstanding anything in this Agreement to the contrary, if a Backstop Party or an Initial Backstop Party is a Defaulting Backstop Party, it shall not be entitled to any portion of the Backstop Premiums applicable solely to such Defaulting Backstop Party provided, or to be provided, under or in connection with this Agreement.

  • The Credit Parties shall have paid in cash or issued, as applicable (or such amounts shall be paid or issued, as applicable, concurrently with the Closing) to each Backstop Party and each Initial Backstop Party its portion of the Backstop Premiums as set forth in Section 3.2 hereof.

  • Each Berry Initial Backstop Party shall exercise all Berry First Tranche Rights issued to such party, and the Berry Backstop Parties shall provide an aggregate backstop commitment equal to the total of the Berry Second Tranche Rights Offering Amount.

  • Finance reports of each booster club should be open to 100% of all members.

  • In consideration of the execution and delivery of this Backstop Commitment Letter by each Initial Backstop Party, you agree to pay the reasonable fees, costs and expenses of each Initial Backstop Party in connection with the transactions contemplated by this Backstop Commitment Letter, including, without limitation, reasonable and documented fees and expenses of Osler, Hoskin & Harcourt LLP as legal counsel to the Initial Backstop Parties.

  • These debts are further detailed below as follows: 2 TABLE 6Long-Term Debt (In Thousands)TotalGovernmental Business-Type PercentageActivities Activities Total Change 2011 Totals$ 6,775 $6,778 $23,854 $18,109 $30,629 $24,88723.1% ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES Economic conditions improved slightly over last year but sales tax figures are down from last year and also down from budgetary numbers but we are optimistic that sales tax and use tax figures will remain steady.

  • Each Backstop Party agrees that such Backstop Party will act under this Backstop Commitment Letter as an independent contractor and that nothing in this Backstop Commitment Letter will be deemed to create an advisory, fiduciary or agency relationship between such Backstop Party on the one hand and any other Backstop Party (including any Initial Backstop Party) on the other hand.


More Definitions of Initial Backstop Party

Initial Backstop Party means the Consenting LINN Noteholders that are party to the Backstop Commitment Letter as of the date hereof.
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Initial Backstop Party means Osmium Capital, LLC.
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Related to Initial Backstop Party

  • Backstop Parties means, collectively, the Initial Backstop Parties and the Additional Backstop Parties.

  • 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).

  • Investor is defined in the preamble to this Agreement.

  • Original Purchasers means RBC Capital Markets, LLC, Chicago, Illinois, and the other original purchasers designated by the Fiscal Officer in the Certificate of Award.

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

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Lead Investor means Empery Asset Master, Ltd.

  • Original Purchaser means the original purchaser of the Bonds designated by the Fiscal Officer in the Certificate of Award.

  • Additional Purchasers means purchasers of Additional Notes.

  • Purchasers is defined in Section 12.3.1.

  • Placement Agent means X.X. Xxxxxxxxxx & Co., LLC.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

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

  • PIPE Investors means those certain investors participating in the PIPE Investment pursuant to the Subscription Agreements.

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

  • Placement Agent Agreement means that certain placement agent agreement dated as of the date hereof between the Company and the Placement Agent.

  • Ultimate purchaser means, with respect to any new motor vehicle or new motor vehicle engine, the first person who in good faith purchases a new motor vehicle or new motor vehicle engine for purposes other than resale.

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

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

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

  • Underwriting Agreement means the Underwriting Agreement, dated ______ __, 19__, among the Trust, the Depositor and the underwriters named therein.

  • First Closing has the meaning set forth in Section 2.1(a).

  • Purchaser Group means, at any time, the group of companies comprised of the Purchasers, the Guarantor and the Guarantor’s subsidiaries at that time.

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