Common use of Additional Condition to the Obligations of the FRBNY, the UST, AIG and the SPVs Clause in Contracts

Additional Condition to the Obligations of the FRBNY, the UST, AIG and the SPVs. The obligations of AIG, the AIA SPV, the ALICO SPV, the FRBNY and the UST to consummate the Recapitalization are subject to the satisfaction (or, to the extent permitted by applicable Law, waiver by each of AIG, the AIA SPV, the ALICO SPV, the FRBNY and the UST) of the following further condition: AIG shall have in place at the Closing available cash and third party financing commitments in amounts and on terms reasonably acceptable to the FRBNY, the UST and AIG.

Appears in 6 contracts

Samples: Master Transaction Agreement, Master Transaction Agreement, Master Transaction Agreement

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