Waiver of Conditions to Obligation of Backstop Parties. All or any of the conditions set forth in Section 7.1 may only be waived in whole or in part with respect to all Backstop Parties by a written instrument executed by the Requisite Backstop Parties in their sole discretion and if so waived, all Backstop Parties shall be bound by such waiver.
Appears in 4 contracts
Samples: Joinder Agreement (Noble Corp PLC), Joinder Agreement (Valaris PLC), Joinder Agreement (Valaris PLC)
Waiver of Conditions to Obligation of Backstop Parties. All or any of the conditions set forth in Section 7.1 7.01 may only be waived in whole or in part with respect to all Backstop Parties by a written instrument executed by the Requisite Required Backstop Parties in their sole discretion and if so waived, all Backstop Parties shall be bound by such waiver.; provided that notwithstanding the foregoing, the Required Backstop Parties desiring to waive all or any of the conditions set forth in Section 7.01 (such Required Backstop Parties, the “Waiving Backstop Parties”) may require any other Backstop Parties that are not willing to waive the applicable conditions (the “
Appears in 2 contracts
Samples: Backstop Commitment Agreement (Legacy Reserves Inc.), Sponsor Backstop Commitment Agreement (Legacy Reserves Inc.)
Waiver of Conditions to Obligation of Backstop Parties. All or any of the conditions set forth in Section 7.1 may only be waived in whole or in part with respect to all Backstop Parties by a written instrument executed by each of the Requisite Backstop Parties in their sole discretion and if so waived, all Backstop Parties shall be bound by such waiverdiscretion.
Appears in 1 contract
Samples: Backstop Commitment Agreement
Waiver of Conditions to Obligation of Backstop Parties. All or any of Except for the conditions condition set forth in Section 7.1 7.2(n) (which may only be waived in whole or in part with respect to all Backstop Parties by a written instrument executed by the Requisite each Backstop Parties in their sole discretion and if so waivedParty), all Backstop Parties shall be bound by such waiver.any other conditions set forth in
Appears in 1 contract