Backstop Commitments. Upon the terms and subject to the conditions hereof, (i) Valaris shall conduct the Rights Offering and (ii) the Backstop Parties shall provide their respective Backstop Commitment, in each case pursuant to and in accordance with the Backstop Agreement.
Appears in 2 contracts
Samples: Restructuring Support Agreement (Valaris PLC), Restructuring Support Agreement (Valaris PLC)
Backstop Commitments. Upon the terms and subject to the conditions hereof, ,
(i) Valaris shall conduct the Rights Offering and (ii) the Backstop Parties shall provide their respective Backstop Commitment, in each case pursuant to and in accordance with the Backstop Agreement.
Appears in 2 contracts
Samples: Restructuring Support Agreement, Restructuring Support Agreement
