Backstop Commitments. Upon the terms and subject to the conditions hereof, (i) Valaris shall conduct the Rights Offering and (ii) the Backstop Parties shall provide their respective Backstop Commitment, in each case pursuant to and in accordance with the Backstop Agreement.
Appears in 2 contracts
Sources: Restructuring Support Agreement, Restructuring Support Agreement
Backstop Commitments. Upon the terms and subject to the conditions hereof,
, (i) Valaris shall conduct the Rights Offering and (ii) the Backstop Parties shall provide their respective Backstop Commitment, in each case pursuant to and in accordance with the Backstop Agreement.
Appears in 2 contracts
Sources: Restructuring Support Agreement (Valaris PLC), Restructuring Support Agreement (Valaris PLC)