Examples of Commitment Letters in a sentence
If applicable, Meaningful Relationship Commitment Letter(s) (MRCL) establishes the relationship and commitments of performance for Contractors who share Systems, Certifications, and Clearances from other affiliates, divisions, or subsidiaries within a Contractor’s internal corporate structure.
Consultant shall also submit Subcontractor Commitment Letters on Subcontractor’s letterhead, no more than one page each, from all proposed Subcontractors to acknowledge their commitment to the team, scope of services, and percent of participation in the project.
No event has occurred which, with or without notice, lapse of time or both, would constitute a default or breach on the part of the Buyer or any other party under any term or condition of any Commitment Letter, and the Buyer has no reason to believe that any term or condition of closing to be satisfied by under the Commitment Letters will not be timely satisfied.
The Commitment Letters contain all of the conditions precedent to the obligations of the parties thereunder to make the Financing available on the terms therein.
There are no other agreements, side letters or arrangements relating to any Commitment Letter that could affect the availability of the funding of the Purchase Price under such Commitment Letters (the “Financing”), and the Buyer does not know of any facts or circumstances that may be expected to result in any of the conditions set forth in any Commitment Letter not being satisfied, or the Financing not being available to the Buyer, on the Closing Date.