Backstop Commitment Premium. All premiums and other amounts, including the Backstop Commitment Premium, required to be paid or reimbursed by the Reorganized CRC to the Backstop Parties as of the Plan Effective Date shall have been so paid or reimbursed (or shall be paid concurrently with the occurrence of the Plan Effective Date).
Appears in 2 contracts
Sources: Backstop Commitment Agreement (California Resources Corp), Backstop Commitment Agreement (California Resources Corp)