Common use of Conditions to the Obligation of the Backstop Parties Clause in Contracts

Conditions to the Obligation of the Backstop Parties. The obligations of each Backstop Party to consummate the transactions contemplated hereby shall be subject to (unless waived in accordance with Section 7.02) the satisfaction of the following conditions:

Appears in 5 contracts

Samples: Backstop Commitment Agreement (Legacy Reserves Inc.), Backstop Commitment Agreement (Legacy Reserves Inc.), Backstop Commitment Agreement (Legacy Reserves Inc.)

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Conditions to the Obligation of the Backstop Parties. The obligations of each Backstop Party to consummate the transactions contemplated hereby shall be subject to (unless waived in accordance with Section 7.027.2) the satisfaction of the following conditions:

Appears in 3 contracts

Samples: Backstop Commitment Agreement (Noble Corp PLC), Backstop Commitment Agreement (Valaris PLC), Restructuring Support Agreement (Valaris PLC)

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