Common use of Conditions to the Obligations of the Commitment Parties Clause in Contracts

Conditions to the Obligations of the Commitment Parties. The obligations of the Commitment Parties to purchase Rights Offering Securities, Unsubscribed Securities and Management Commitment Securities, as applicable, pursuant to their respective Commitments on the Plan Effective Date are subject to the satisfaction of the following conditions (unless waived by the Required Commitment Parties), except where the failure to satisfy any such condition results solely from the failure by any Commitment Party to comply with this Agreement:

Appears in 2 contracts

Samples: Restructuring Support Agreement (Pioneer Energy Services Corp), Backstop Commitment Agreement (Pioneer Energy Services Corp)

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Conditions to the Obligations of the Commitment Parties. The obligations of the Commitment Parties to purchase Rights Offering Securities, Equity Interests and Unsubscribed Securities and Management Commitment Securities, as applicable, Equity Interests pursuant to their respective Commitments on the Plan Effective Date are subject to the satisfaction of the following conditions (unless waived by the Required Commitment Parties), except where the failure to satisfy any such condition results solely from the failure by any Commitment Party to comply with this Agreement:

Appears in 2 contracts

Samples: Backstop Commitment Agreement, Backstop Commitment Agreement

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Conditions to the Obligations of the Commitment Parties. The obligations of the Commitment Parties to purchase Rights Offering Securities, Unsubscribed Securities Shares and Management Commitment Securities, as applicable, Backstop Shares pursuant to their respective Commitments hereto on the Plan Effective Date are subject to the satisfaction of the following conditions (unless waived by the Required Commitment Parties), except where the failure to satisfy any such condition results solely from the failure by any Commitment Party to comply with this Agreement:):

Appears in 1 contract

Samples: Backstop Commitment Agreement (Hornbeck Offshore Services Inc /La)

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