Common use of Term Sheet Conditions Clause in Contracts

Term Sheet Conditions. Without limiting the conditions set forth herein, each Party's agreement to this Agreement and support for the Conforming Plan, the Conforming Restructuring Loan Documents and the Term Sheet is expressly conditioned on satisfaction of each of the terms and conditions set forth in the Term Sheet and this Agreement. To the extent that any such conditions involve a time period or an outside date for satisfaction, the Parties acknowledge and agree that time is of the essence with respect to each such condition.

Appears in 3 contracts

Samples: Noteholder Plan Support Agreement (Ddi Corp), Plan Support Agreement (Ddi Corp), Restructuring Support Agreement (Ddi Corp)

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Term Sheet Conditions. Without limiting the conditions set forth herein, each Party's agreement to this Agreement and support for the Conforming Plan, the Conforming Restructuring Loan Documents and the Term Sheet is expressly conditioned on satisfaction of each of the terms and conditions set forth in the Term Sheet and this Agreement. To the extent that any such conditions involve a time period or an outside date for satisfaction, the Parties acknowledge and agree that time is of the essence with respect to each such condition.

Appears in 2 contracts

Samples: Plan Support Agreement (Petroleum Geo Services Asa), Plan Support Agreement (Petroleum Geo Services Asa)

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