Conditions to the Obligations of the Commitment Parties. The obligations of the Commitment Parties to purchase Rights Offering Equity Interests and Unsubscribed Equity Interests pursuant to their respective Commitments on the 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
Conditions to the Obligations of the Commitment Parties. The obligations of the Commitment Parties to purchase Rights Offering Equity Interests Securities, Unsubscribed Securities and Unsubscribed Equity Interests 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)
Conditions to the Obligations of the Commitment Parties. The obligations of the Commitment Parties to purchase Rights Offering Equity Interests Shares and Unsubscribed Equity Interests 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)