Common use of Backstop Commitment Premium Clause in Contracts

Backstop Commitment Premium. All premiums and other amounts, including the Backstop Commitment Premium and the Transaction Expenses, required to be paid or reimbursed by the Debtors to the Commitment Parties as of the Effective Date shall have been so paid or reimbursed (or shall be paid concurrently with the occurrence of the Effective Date).

Appears in 2 contracts

Sources: Backstop Commitment Agreement, Backstop Commitment Agreement

Backstop Commitment Premium. All premiums fees and other amounts, including the Backstop Commitment Premium and the Transaction ExpensesManagement Commitment Premium, required to be paid or reimbursed by the Debtors Company or the Issuer, as applicable, to the Commitment Parties pursuant to this Agreement as of or on the Plan Effective Date shall have been so paid or reimbursed (reimbursed, or shall be paid substantially concurrently with upon the occurrence fulfilment of the Effective Date)obligations of the applicable Commitment Party.

Appears in 2 contracts

Sources: Restructuring Support Agreement (Pioneer Energy Services Corp), Backstop Commitment Agreement (Pioneer Energy Services Corp)