PARTIES’ COMMITMENTS. Each Party agrees to the following commitments and undertakings:
PARTIES’ COMMITMENTS. Each Party represented on the Committee will ensure that its representatives are representatives of that Party’s senior management or otherwise have the authority to make decisions on behalf of that Party.
PARTIES’ COMMITMENTS. 4.1 Target Company’s current business will maintain and continue in normal operations and no substantial change shall be made to their nature, scope or mode.
PARTIES’ COMMITMENTS. 6.1 The Association commits to be generally committed to the delivery of the Key Objectives and to provide its resources in the form of staff, land, money and any other resources as it sees fit to further the Key Objectives. It will be responsible for delivery and ensure there is effective communication and consultation with residents, seeking their input on any plans.
PARTIES’ COMMITMENTS. 68 A. The AOC will:
PARTIES’ COMMITMENTS a) LICENSOR provides herewith LICENSEE a license to use the play (or part thereof) within the Production in form of public performances and advertising in usual media. The LICENSOR grants the LICENSEE the use Work with other works in Play (the consent on join work), i. e. of stage design, costume-design, musical works or other copyrighted works within the Play as well as in the promotion/presentation of the Production or the LICENSEE.
PARTIES’ COMMITMENTS. The Parties understand that the exact form of the capital structure of the reorganized Company described in the Recapitalization Term Sheet is subject to change. Vestar agrees that so long as the Subordinated Noteholder Claims are equitized as contemplated by the Recapitalization Term Sheet, Vestar’s obligations with respect to its existing equity interests in Investments will remain unchanged. The treatment of other claims against the Company, including claims under the Credit Agreement (as defined in the Recapitalization Term Sheet), the Second Lien Notes, the OnCure Notes (as defined in the Recapitalization Term Sheet) and the SFRO Credit Agreement (as defined in the Recapitalization Term Sheet), other secured lenders and holders of general unsecured claims shall be subject to the due diligence investigation by the Company and the Consenting Subordinated Noteholders. The Parties further understand that in connection with the consummation of the Recapitalization additional adjustments to the capital structure may also be required to reflect any new equity investments or senior debt that may be raised, a lesser equitization of the Subordinated Noteholder Claims or an equitization of other parts of the capital structure (an “Adjustment”). In the event of any such Adjustment, the Parties agree (i) to work in good faith to further adjust the terms set forth in the Recapitalization Term Sheet to modify the recoveries in the Recapitalization to reflect the proportionate change in the value of each Party’s recovery resulting from such Adjustment (e.g., if equitization of Second Lien Notes were to occur there would need to be a commensurate reduction in the equity to be received by all Parties pursuant to the Recapitalization Term Sheet and this Agreement); and (ii) so long as each Party, in the exercise of its reasonable discretion, determines that such Adjustment provides a proportionate adjustment to the economic value that was to be received prior to such Adjustment, use commercially reasonable efforts to implement the Recapitalization and such Adjustment in accordance with Sections 2, 3, 4 and 5 of this Agreement.
PARTIES’ COMMITMENTS. Each Seller undertakes to use all reasonable endeavors to ensure that the Conditions are fulfilled to the satisfaction of the Purchaser as soon as reasonably practicable and in any event within one Business Day after the date of this Agreement. The Purchaser shall notify the Sellers in writing immediately after all such Conditions have been fulfilled to the satisfaction of the Purchaser or waived.
PARTIES’ COMMITMENTS. (i) The Sellers shall use their reasonable endeavors to ensure the satisfaction of the conditions set out in Section 2.03(a)(i); Section 2.03(a)(iii); and Section 2.03(a)(v).
