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 means the Consenting LINN Noteholders that are party to the Backstop Commitment Letter as of the date hereof.
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Examples of Initial Backstop Party in a sentence

  • 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.

  • Upon the occurrence of the JPM Backstop Termination Date, all of JPM’s rights and interests in and to the Backstop Participation Agreement, with respect to the obligations of any Initial Backstop Party that elects to become a Continuing Backstop Party, shall be assigned upon the terms and conditions set forth in Section 39 of the Term Sheet.

  • For the avoidance of doubt, any amendments, supplements or modifications to Schedule I shall not be effective until each Backstop Party which is not an Initial Backstop Party has executed a joinder to this Agreement pursuant to which such Backstop Party agrees in writing to be bound by the representations, warranties, covenants and obligations as a Backstop Party hereunder.

  • Any such Available Securities purchased by a Replacing Backstop Party shall be included in the determination of (x) the Backstop Securities, Holdback Securities and Additional Notes, as applicable, of such Replacing Backstop Party for all purposes hereunder and (y) the Backstop Commitment Percentage of such Initial Backstop Party for purposes of Section 3.1.


More Definitions of Initial Backstop Party

Initial Backstop Party means Osmium Capital, LLC.
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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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Related to Initial 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 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 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.

  • 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 Cavalry Fund I LP.

  • 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.

  • 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.

  • Investors means the Initial Investors and any transferee or assignee who agrees to become bound by the provisions of this Agreement in accordance with Section 9 hereof.