Common use of Second Follow On Commitments Clause in Contracts

Second Follow On Commitments. (a) MCE Cotai and New Cotai hereby agree to purchase additional Securities up to a maximum aggregate amount equal to US$100 million (Second Follow On Commitments and, together with the remaining US$100 million of the MCE Follow On Commitment, the Aggregate Remaining Commitments), in which MCE Cotai has a Financial Interest of 60% and New Cotai has a Financial Interest of 40%.

Appears in 4 contracts

Samples: Commitment Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Commitment Agreement (Melco Resorts & Entertainment LTD), Commitment Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

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