Common use of BACKSTOP COMMITMENT      17 Clause in Contracts

BACKSTOP COMMITMENT      17. Section 2.1 The Rights Offering; Subscription Rights 17 Section 2.2 The Backstop Commitment 18 Section 2.3 Commitment Party Default 19 Section 2.4 Escrow Account Funding 21 Section 2.5 Closing 22 Section 2.6 Designation and Assignment Rights 23 Section 3.1 Premium Payable by the Company 25 Section 3.2 Payment of Commitment Premium 26 Section 3.3 Expense Reimbursement 26

Appears in 2 contracts

Sources: Bankruptcy Agreement (Ultra Petroleum Corp), Backstop Commitment Agreement (Ultra Petroleum Corp)

BACKSTOP COMMITMENT      17. Section 2.1 The Rights Offering; Subscription Rights 17 Section 2.2 The Backstop Commitment 18 17 Section 2.3 Commitment Party Default 19 17 Section 2.4 Escrow Account Funding 21 18 Section 2.5 Closing 22 19 Section 2.6 Designation and Assignment Rights 23 Section 3.1 Premium Payable by the Company 25 Section 3.2 Payment of Commitment Premium 26 Section 3.3 Expense Reimbursement 2619

Appears in 1 contract

Sources: Backstop Commitment Agreement (Penn Virginia Corp)

BACKSTOP COMMITMENT      17. Section 2.1 The Rights OfferingTransactions; Subscription Rights 17 Section 2.2 The Backstop Commitment 18 Commitments 17 Section 2.3 Commitment Party Default 19 Default; Replacement of Defaulting Commitment Parties 18 Section 2.4 Escrow Account Funding 21 20 Section 2.5 Closing 22 21 Section 2.6 Designation and Assignment Rights 23 Section 3.1 Premium Payable by the Company 25 Section 3.2 Payment of Commitment Premium 26 Section 3.3 Expense Reimbursement 2622

Appears in 1 contract

Sources: Backstop Commitment and Equity Investment Agreement (Vanguard Natural Resources, LLC)

BACKSTOP COMMITMENT      17. Section 2.1 The Rights Offering; Subscription Rights Offering 17 Section 2.2 The Backstop Commitment 17 Section 2.3 Backstop Party Default 18 Section 2.3 Commitment Party Default 19 Section 2.4 Backstop Escrow Account Funding 21 19 Section 2.5 Closing 22 20 Section 2.6 Designation and Assignment Rights 23 Section 3.1 Premium Payable by the Company 25 Section 3.2 Payment of Commitment Premium 26 Section 3.3 Expense Reimbursement 2621

Appears in 1 contract

Sources: Backstop Commitment Agreement (Exide Technologies)