Examples of Blackstone Commitment in a sentence
Each Blackstone Party has all requisite power and authority to execute and deliver this Agreement, the Blackstone Commitment Letter (in the case of the Blackstone Funds), and the Contracts attached hereto as Annexes A-K to which it is a party (the “Blackstone Transaction Documents”), to consummate the transactions contemplated by the Blackstone Transaction Documents to which it is a party and to perform all of the terms and conditions of the Blackstone Transaction Documents to be performed by it.
The Settlors 2 shall settle such number of Units to the Trust within the timelines and in accordance with the conditions agreed to under the Blackstone Commitment Letter.
The Blackstone Funds have, or have access to, and at Closing will have, unfunded capital commitments or otherwise have sufficient funds in an amount not less than amount necessary to fund its obligations under the Blackstone Equity Commitment Letter and no internal or other approvals that have not been obtained as of the date of this Agreement will be required for each of the Blackstone Funds to fulfill each of its obligations under the Blackstone Commitment Letter.
It is clarified that the Settlors 2 and Settlor 3 will have no rights or obligations vis-à-vis the Trust, the Plan 2020 or any other Employee Incentive Plan operated by the Trust, save and except for their respective obligations to settle the Sponsor Settlement Corpus (as defined hereinafter) into the Trust as per the Blackstone Commitment Letter and Embassy Commitment Letter, respectively, as contemplated in Clause 5.2.2 hereunder.
Blackstone may, at or prior to the Closing, allocate a portion of its equity commitments set forth in the Blackstone Commitment Letters to one or more potential equity financing sources who are passive investors in investments, funds, vehicles or accounts that are managed, sponsored or advised by Blackstone (or special purpose vehicles in which any such passive investors are the sole investors), the equity investments of which are managed or controlled by an Affiliate of Blackstone.