New Commitment Letter has the meaning set forth in Section 6.13(b).
New Commitment Letter means the instrument replacing the existing Commitment Letter that (A) is on terms no less beneficial to Parent and its Subsidiaries (after giving effect to the Merger and Subsequent Merger) than those set forth in the Commitment Letter, including as to permitted dividends and the impact of the Financing contemplated thereby on Parent’s credit rating; (B) does not involve any conditions precedent to funding the Financing that are not contained in the Commitment Letter; and (C) would not reasonably be expected to prevent or materially delay the consummation of the transactions contemplated by this Agreement.
New Commitment Letter means the instrument replacing the existing Commitment Letter that (A) is on terms not materially less beneficial to Buyer than those set forth in the Commitment Letter; (B) does not involve any material conditions precedent to funding the Financing that are not contained in the Commitment Letter; and (C) would not reasonably be expected to prevent or materially delay the consummation of the Contemplated Transactions.
Examples of New Commitment Letter in a sentence
Buyer shall promptly provide Seller with an executed copy of the New Commitment Letter that provides for such Alternative Debt Financing.
As applicable, references in this Agreement (i) to “Debt Financing” shall include Alternate Debt Financing, and (ii) to the “Commitment Letter” shall include the New Commitment Letter.
More Definitions of New Commitment Letter
New Commitment Letter means that certain Commitment Letter dated on or about July 28, 2021 by and among certain financing sources and Clarivate Science Holdings Corporation in connection with the transactions contemplated by this Agreement, and any associated fee letter, each of which has been delivered (in the case of any associated fee letter, in customarily redacted form, provided that no such redactions would adversely affect the amount, conditionality, enforceability, availability or termination of the Financing pursuant thereto or rights and remedies with respect to breaches thereof) by the Cornell Transaction Parties to Penn Parent.”
New Commitment Letter means the instrument replacing the existing Commitment Letter that (A) is on terms not materially less beneficial to Buyer than those set forth in the Commitment Letter; (B) does not involve any material conditions precedent to funding the Financing that are not contained in the Commitment Letter; and (C) would not reasonably be expected to prevent or materially delay the consummation of the Contemplated Transactions.
New Commitment Letter means that certain Commitment Letter dated on or about July 28, 2021 by and among certain financing sources and Clarivate Science Holdings Corporation in connection with the transactions contemplated by this Agreement, and any associated fee letter, each of which has been delivered (in the case of any associated fee letter, in customarily redacted form, provided that no such redactions would adversely affect the amount, conditionality, enforceability, availability or termination of the Financing pursuant thereto or rights and remedies with respect to breaches thereof) by the Cornell Transaction Parties to Penn Parent.”