{"component": "clause", "props": {"groups": [{"snippet_links": [], "samples": [{"hash": "bcMSyX9Dmfa", "uri": "/contracts/bcMSyX9Dmfa#commitment-letters", "label": "Merger Agreement (Rayovac Corp)", "score": 18.0, "published": true}], "size": 7, "snippet": "38 Company...........................................................................................................1", "hash": "2ec758319dca113b90b6a6b1c709d782", "id": 3}, {"snippet_links": [{"key": "consultant-shall", "type": "clause", "offset": [0, 16]}, {"key": "proposed-subcontractors", "type": "clause", "offset": [130, 153]}, {"key": "the-team", "type": "definition", "offset": [189, 197]}, {"key": "scope-of-services", "type": "clause", "offset": [199, 216]}, {"key": "the-project", "type": "definition", "offset": [250, 261]}], "samples": [{"hash": "9j3gY3pDeQD", "uri": "/contracts/9j3gY3pDeQD#commitment-letters", "label": "Agreement With Amec Foster Wheeler for as Needed Storm Water Environmental Monitoring Services", 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"/contracts/6YoOF6KYPhJ#commitment-letters", "label": "Merger Agreement (Datto Holding Corp.)", "score": 33.4736480713, "published": true}, {"hash": "dNAnqmahel1", "uri": "/contracts/dNAnqmahel1#commitment-letters", "label": "Merger Agreement (Datto Holding Corp.)", "score": 33.2792625427, "published": true}], "size": 8, "snippet": "As of the date of this Agreement, Parent has delivered to the Company true, correct and complete copies of (i) duly executed equity commitment letters dated as of the date of this Agreement, between Parent and the Guarantors (the \u201cEquity Commitment Letters\u201d) relating to the commitment of the Guarantors to provide, or cause to be provided, and subject to the terms and conditions thereof, the respective amounts of the cash equity financing stated therein (the \u201cEquity Financing\u201d), (ii) a duly executed preferred equity commitment letter dated as of the date hereof (which may be redacted to exclude any fee or discount amounts) (as the same may be amended, restated, supplemented, replaced or otherwise modified in accordance with Section 6.4(a) or 6.4(d), including all exhibits, schedules and annexes thereto, collectively, the \u201cPreferred Equity Commitment Letter\u201d) from the equity investors referred to therein (the \u201cPreferred Equity Investors\u201d and, together with the Debt Financing Sources, the \u201cFinancing Sources\u201d), relating to the commitment of the Preferred Equity Investors to provide, or cause to be provided, and subject to the terms and conditions thereof, the amount of the preferred equity financing stated therein (collectively, the \u201cPreferred Equity Financing\u201d) and (iii) a duly executed debt commitment letter dated as of the date hereof (as the same may be amended, restated, supplemented, replaced or otherwise modified in accordance with Section 6.4(a) or 6.4(d), including all exhibits, schedules and annexes thereto, collectively, the \u201cDebt Commitment Letter\u201d and, together with the Equity Commitment Letters and the Preferred Equity Commitment Letter, the \u201cCommitment Letters\u201d) from the Debt Financing Sources, relating to the commitment of the Debt Financing Sources to provide, or cause to be provided, and subject to the terms and conditions thereof, the amount of the debt financing stated therein (collectively, the \u201cDebt Financing\u201d and, together with the Preferred Equity Financing, the \u201cThird Party Financing\u201d; collectively, with the Equity Financing, the \u201cFinancing\u201d) and related executed fee letter (which may be redacted to omit fee amounts and economic terms). Each of the Equity Commitment Letters provide that the Company is an express third-party beneficiary thereof in order to cause the Guarantors to fund the Equity Financing in accordance with Section 9.8.", "hash": "684521236d36ca8e1674103f4f4ff39c", "id": 2}, {"snippet_links": [{"key": "cancellation-or-suspension", "type": "clause", "offset": [3, 29]}, {"key": "subject-to", "type": "definition", "offset": [53, 63]}, {"key": "commitment-letter", "type": "definition", "offset": [68, 85]}, {"key": "by-the-bank", "type": "clause", "offset": [93, 104]}, {"key": "pursuant-to-section", "type": "definition", "offset": [105, 124]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [130, 158]}], "samples": [{"hash": "kVndIwslADx", "uri": "/contracts/kVndIwslADx#commitment-letters", "label": "Loan Agreement", "score": 21.0, "published": true}, {"hash": "hEeR8Jxot5k", "uri": "/contracts/hEeR8Jxot5k#commitment-letters", "label": "Loan Agreement", "score": 21.0, "published": true}, {"hash": "ghjhwJWgYMf", "uri": "/contracts/ghjhwJWgYMf#commitment-letters", "label": "Loan Agreement", "score": 21.0, "published": true}], "size": 5, "snippet": "No cancellation or suspension shall apply to amounts subject to any commitment letter issued by the Bank pursuant to Section 5.02 except as expressly provided in such commitment letter.", "hash": "7bd583b3b3c45430a1eea4649a4aff06", "id": 5}, {"snippet_links": [{"key": "the-team", "type": "definition", "offset": [187, 195]}, {"key": "scope-of-work", "type": "definition", "offset": [197, 210]}, {"key": "the-project", "type": "definition", "offset": [244, 255]}], "samples": [{"hash": "3nRXbhvaILL", "uri": "/contracts/3nRXbhvaILL#commitment-letters", "label": "Service Agreement", "score": 31.0504760742, "published": true}, {"hash": "heB4Wfs8kJP", "uri": "/contracts/heB4Wfs8kJP#commitment-letters", "label": "Service Agreement", "score": 21.0, "published": true}, {"hash": "13J6pODaqDC", "uri": 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"snippet": "The Purchaser shall use its reasonable best efforts to comply with its obligations and enforce its rights under the Commitment Letters in a timely manner and shall not permit any amendment or modification thereto, or any waiver of any provision or remedy thereunder, which would have the effect of introducing an additional condition to such counterparties\u2019 obligations, reducing the amount of the commitments thereunder or delaying the Closing. If any portion of the financing contemplated pursuant to the Commitment Letters (the \u201cFinancing\u201d) becomes unavailable on the terms and conditions contemplated in the Commitment Letters, the Purchaser shall notify the Seller within two (2) Business Days and shall use its reasonable best efforts to obtain alternative financing from alternative sources on substantially the same terms (including pricing) in an amount sufficient to consummate the Transactions as promptly as reasonably practicable following the occurrence of such event. The Purchaser shall deliver to the Seller true and complete copies of all agreements pursuant to which any such alternative source shall have committed to provide the Purchaser with any portion of the financing necessary to consummate the Transactions. The Purchaser shall give the Seller notice within two (2) Business Days of any material breach by any party to the Commitment Letters, or any termination of the Commitment Letters. The Purchaser shall refrain (and shall use its reasonable best efforts to cause its Affiliates to refrain) from taking, directly, or indirectly, any action that would result in a failure of any of the conditions contained in the Commitment Letters or in any definitive agreements related to the Financing. The Purchaser shall not agree to or permit any material amendment, supplement or other modification to be made to, or any waiver of any material provision or remedy under, the Commitment Letters or the definitive agreements relating to the Financing that would materially and adversely affect or delay in any material respect the Purchaser\u2019s ability to consummate the Transactions, without first obtaining the Seller\u2019s prior written consent (which shall not be unreasonably withheld, conditioned or delayed). Any material breach by the Purchaser of the Commitment Letters and/or any related fee or engagement letter shall be deemed a material breach by the Purchaser of this Section 6.14. The Purchaser will provide to the Seller any modifications or amendments to the Commitment Letters, or any material notices given in connection therewith, promptly but in any event within two (2) Business Days.", "hash": "eb4fbf58cb260c9d3637536c2d4f5fa4", "id": 4}, {"snippet_links": [{"key": "buyer-shall", "type": "clause", "offset": [0, 11]}, {"key": "efforts-to-obtain-the-financing", "type": "clause", "offset": [31, 62]}, {"key": "the-commitment", "type": "definition", "offset": [79, 93]}, {"key": "seller-parent", "type": "clause", "offset": [145, 158]}, {"key": "in-writing", "type": "definition", "offset": [159, 169]}, {"key": "business-days-of", "type": "clause", "offset": [265, 281]}, {"key": "the-terms", "type": "definition", "offset": [289, 298]}, {"key": "conditions-of-the", "type": "clause", "offset": [302, 319]}, {"key": "material-respect", "type": "definition", "offset": [370, 386]}], "samples": [{"hash": "iKraeGacpsq", "uri": "/contracts/iKraeGacpsq#commitment-letters", "label": "Recapitalization Agreement (Bausch & Lomb Inc)", "score": 18.0, "published": true}, {"hash": "htfqyaatOTO", "uri": "/contracts/htfqyaatOTO#commitment-letters", "label": "Recapitalization Agreement (Charles River Laboratories Holdings Inc)", "score": 18.0, "published": true}, {"hash": "5Z2H1YGN33m", "uri": "/contracts/5Z2H1YGN33m#commitment-letters", "label": "Recapitalization Agreement (Charles River Laboratories Inc)", "score": 18.0, "published": true}], "size": 3, "snippet": "Buyer shall use its Commercial Efforts to obtain the financing contemplated by the Commitment Letters and shall use Commercial Efforts to notify Seller Parent in writing within one (1) Business Day if any of the Commitment Letters are terminated or within five (5) Business Days of any of the terms or conditions of the Commitment Letters are amended or modified in any material respect.", "hash": "06ab84faf8bfd26b97eca73d944c009e", "id": 10}, {"snippet_links": [{"key": "at-closing", "type": "definition", 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{"key": "the-funding", "type": "clause", "offset": [2005, 2016]}, {"key": "contemplated-thereby", "type": "clause", "offset": [2037, 2057]}, {"key": "copies-of-the", "type": "clause", "offset": [2088, 2101]}, {"key": "parties-are", "type": "clause", "offset": [2385, 2396]}, {"key": "without-notice", "type": "definition", "offset": [2453, 2467]}, {"key": "lapse-of-time", "type": "clause", "offset": [2469, 2482]}, {"key": "breach-by-buyer", "type": "clause", "offset": [2522, 2537]}, {"key": "condition-of-the", "type": "clause", "offset": [2556, 2572]}, {"key": "reason-to-believe", "type": "definition", "offset": [2650, 2667]}, {"key": "other-party", "type": "definition", "offset": [2686, 2697]}, {"key": "the-debt-financing", "type": "clause", "offset": [2775, 2793]}, {"key": "pursuant-to-the", "type": "clause", "offset": [2810, 2825]}, {"key": "an-affiliate", "type": "clause", "offset": [2855, 2867]}, {"key": "fully-paid", "type": "clause", "offset": [2894, 2904]}, {"key": "other-fees", 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Buyer has delivered prior to the Execution Date to the MLP Parties true and complete copies of (a) the debt commitment letter, dated as of the date hereof, among Buyer, Citigroup Global Markets Inc. and Bank of America N.A., providing for a commitment to refinance the MLP Credit Agreements and the Buyer Credit Agreement (the \u201cDebt Refinancing\u201d) (such letter, including all exhibits, schedules, annexes and amendments thereof in effect as of the Execution Date, the \u201cRefinancing Commitment Letter\u201d); and (b) the debt commitment letter, dated as of the date hereof, among Buyer, Citigroup Global Markets Inc. and Bank of America N.A., providing for a commitment to finance any required repurchase of the Buyer Notes (the \u201cRepurchase Financing\u201d; and together with the Debt Refinancing, the \u201cDebt Financing\u201d) (such letter, including all exhibits, schedules, annexes and amendments thereof in effect as of the Execution Date, the \u201cRepurchase Commitment Letter\u201d and, together with the Refinancing Commitment Letter, the \u201cCommitment Letters\u201d). The Commitment Letters have been duly executed and delivered by Buyer and, assuming the due authorization, execution and delivery hereof by the other parties thereto, constitute a legal, valid and binding agreement of Buyer, enforceable against Buyer in accordance with its terms (except insofar as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors\u2019 rights generally and by general principles of equity (regardless of whether such enforceability is considered in a Proceeding in equity or at law)), and, to the Knowledge of the Buyer Parties, are not subject to any conditions precedent related to or other contingencies (including pursuant to any \u201cflex\u201d provisions other than the \u201cflex\u201d provisions contained in the \u201cFee Letter\u201d as defined in the Commitment Letters) to the funding of the full amounts contemplated thereby that are not set forth in the copies of the Commitment Letters. The Commitment Letters have not been amended or modified prior to the Execution Date and the respective commitments contained in the Commitment Letters have not been reduced, withdrawn or rescinded prior to the Execution Date. As of the Execution Date, the Buyer Parties are not aware of any event that has occurred which, with or without notice, lapse of time or both, would constitute a default or breach by Buyer under any term or condition of the Commitment Letters, and, as of the Execution Date, the Buyer Parties have no reason to believe that Buyer or any other party thereto will be unable to satisfy on a timely basis any of the conditions to the Debt Financing to be satisfied pursuant to the Commitment Letters. Buyer or an Affiliate thereof on its behalf has fully paid any and all commitment or other fees required by the Commitment Letters to be paid by the Execution Date.", "hash": "9f230e2a520df72676f28b937f6b7f67", "id": 6}, {"snippet_links": [{"key": "seller-a", "type": "definition", "offset": [27, 35]}, {"key": "complete-copy", "type": "definition", "offset": [55, 68]}, {"key": "fully-executed", "type": "definition", "offset": [74, 88]}, {"key": "equity-commitment-letter", "type": "definition", "offset": [89, 113]}, {"key": "date-hereof", "type": "clause", "offset": [124, 135]}, {"key": "appendices-and-schedules", "type": "clause", "offset": [186, 210]}, {"key": "the-sponsor", "type": "clause", "offset": [279, 290]}, {"key": "relating-to", "type": "definition", "offset": [292, 303]}, {"key": "the-commitment", "type": "definition", "offset": [304, 318]}, {"key": "terms-and", "type": "clause", "offset": [344, 353]}, {"key": "the-conditions", "type": "clause", "offset": [365, 379]}, {"key": "to-provide", "type": "definition", "offset": [399, 409]}, {"key": "equity-financing", "type": "clause", "offset": [421, 437]}, {"key": "cash-equity", "type": "clause", "offset": [489, 500]}, {"key": "purpose-of-funding", "type": "clause", "offset": [553, 571]}, {"key": "contemplated-hereby", "type": "clause", "offset": [589, 608]}, {"key": "debt-commitment-letters", "type": "clause", "offset": [856, 879]}, {"key": "midcap-financial-trust", "type": "definition", "offset": [960, 982]}, {"key": "fifth-street", "type": "definition", "offset": [984, 996]}, {"key": "management-llc", "type": "definition", "offset": [997, 1011]}, {"key": "respective-affiliates", "type": "definition", "offset": [1065, 1086]}, {"key": "commitment-of-the-lender", "type": "clause", "offset": [1119, 1143]}, {"key": "debt-financing", "type": "definition", "offset": [1259, 1273]}], "samples": [{"hash": "9VOdKW6jJxF", "uri": "/contracts/9VOdKW6jJxF#commitment-letters", "label": "Equity Purchase Agreement", "score": 29.3408622742, "published": true}, {"hash": "fnSnWlOOIkc", "uri": "/contracts/fnSnWlOOIkc#commitment-letters", "label": "Equity Purchase Agreement (Bankrate, Inc.)", "score": 25.1848049164, "published": true}], "size": 5, "snippet": "(i) Buyer has delivered to Seller a true, accurate and complete copy of a fully executed equity commitment letter dated the date hereof, including all amendments, exhibits, attachments, appendices and schedules thereto as of the date hereof (the \u201cEquity Commitment Letter\u201d) from the Sponsor, relating to the commitment of the Sponsor, upon the terms and subject to the conditions set forth therein, to provide Buyer with equity financing in the amount set forth therein (such amount, the \u201cCash Equity\u201d and such financing the \u201cEquity Financing\u201d) for the purpose of funding the transactions contemplated hereby.\n(ii) Buyer has delivered to Seller a true, accurate and complete copy of a fully executed debt commitment letter dated the date hereof, including all amendments, exhibits, attachments, appendices and schedules thereto as of the date hereof (the \u201cDebt Commitment Letters\u201d and together with the Equity Commitment Letter, the \u201cCommitment Letters\u201d) from Midcap Financial Trust, Fifth Street Management LLC and NewStar Financial, Inc. (collectively with their respective affiliates (the \u201cLender\u201d), relating to the commitment of the Lender, upon the terms and subject to the conditions set forth therein, to lend Buyer the amounts set forth therein (the \u201cDebt Financing\u201d and, together with the Equity Financing, the \u201cFinancing\u201d) for the purpose of funding the transactions contemplated hereby.", "hash": "eb365e91aef81f75c47c30ca1578e053", "id": 7}, {"snippet_links": [{"key": "agreement-date", "type": "definition", "offset": [10, 24]}, {"key": "binding-commitments", "type": "clause", "offset": [45, 64]}, {"key": "certain-third-parties", "type": "clause", "offset": [97, 118]}, {"key": "similarly-situated", "type": "definition", "offset": [156, 174]}, {"key": "date-hereof", "type": "clause", "offset": [185, 196]}, {"key": "subscriber-parties", "type": "definition", "offset": [205, 223]}, {"key": "to-buyer", "type": "definition", "offset": [242, 250]}, {"key": "to-the-extent", "type": "clause", "offset": [281, 294]}, {"key": "conditions-of", "type": "clause", "offset": [312, 325]}, {"key": "in-the-aggregate", "type": "definition", "offset": [396, 412]}, {"key": "the-escrow-agent", "type": "definition", "offset": [416, 432]}, {"key": "equal-to", "type": "definition", "offset": [443, 451]}, {"key": "for-payment", "type": "clause", "offset": [519, 530]}, {"key": "the-purchase-price", "type": "clause", "offset": [539, 557]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [574, 604]}, {"key": "the-escrow-agreement", "type": "clause", "offset": [609, 629]}, {"key": "accuracy-of-the-representations-and-warranties", "type": "clause", "offset": [648, 694]}, {"key": "by-the-buyer", "type": "clause", "offset": [704, 716]}, {"key": "in-accordance-with", "type": "clause", "offset": [818, 836]}, {"key": "if-applicable", "type": "definition", "offset": [861, 874]}, {"key": "enforcement-proceedings", "type": "definition", "offset": [892, 915]}, {"key": "by-buyer", "type": "clause", "offset": [937, 945]}, {"key": "such-buyer", "type": "definition", "offset": [958, 968]}, {"key": "party-terms", "type": "clause", "offset": [980, 991]}, {"key": "fraudulent-transfer", "type": "clause", "offset": [1045, 1064]}, {"key": "similar-laws", "type": "definition", "offset": [1108, 1120]}, {"key": "general-applicability", "type": "clause", "offset": [1124, 1145]}, {"key": "relating-to", "type": "definition", "offset": [1146, 1157]}, {"key": "the-rights-of-creditors", "type": "clause", "offset": [1171, 1194]}, {"key": "general-principles", "type": "definition", "offset": [1220, 1238]}], "samples": [{"hash": "7nnDmgrV3Rz", "uri": "/contracts/7nnDmgrV3Rz#commitment-letters", "label": "Asset Purchase Agreement", "score": 30.3408622742, "published": true}, {"hash": "darTaZUB3TW", "uri": "/contracts/darTaZUB3TW#commitment-letters", "label": "Asset Purchase Agreement (RPX Corp)", "score": 26.2676258087, "published": true}, {"hash": "gqcl4ijRSyR", "uri": "/contracts/gqcl4ijRSyR#commitment-letters", "label": "Asset Purchase Agreement (RPX Corp)", "score": 26.0896644592, "published": true}], "size": 3, "snippet": "As of the Agreement Date, Buyer has received binding commitments (the \u201cCommitment Letters\u201d) from certain third parties (such Persons and Persons who become similarly situated after the date hereof, \u201cBuyer Subscriber Parties\u201d) obligating them to Buyer on an unconditional basis (or to the extent conditional, all conditions of which have been fulfilled or waived at the Agreement Date) to deliver in the aggregate to the Escrow Agent an amount equal to Eight Hundred and Seventy Five Million U.S. Dollars ($875,000,000) for payment against the Purchase Price or as otherwise contemplated by this Agreement and the Escrow Agreement, and assuming the accuracy of the representations and warranties provided by the Buyer Subscriber Parties set forth in such Commitment Letters, all such Commitment Letters are enforceable in accordance with their terms, including, if applicable, in any specific enforcement proceedings which may be brought by Buyer against any such Buyer Subscriber Party terms, except as may be limited by bankruptcy, insolvency, fraudulent transfer, moratorium, reorganization, preference or similar Laws of general applicability relating to or affecting the rights of creditors generally and subject to general principles of equity (regardless of whether enforcement is sought in equity or at Law).", "hash": "8b10451bc18db78f7e5517e6b1d696bc", "id": 9}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihtjb21taXRtZW50LWxldHRlcnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Commitment Letters", "children": [["", ""], ["reasonable-best-efforts", "Reasonable Best Efforts"], ["environmental-site-assessment", "Environmental Site Assessment"], ["firpta-certificate", "FIRPTA Certificate"], ["conditions-to-obligations-of-the-company", "Conditions to Obligations of the Company"]], "parents": [["financing", "Financing"], ["representations-and-warranties-of-parent-and-merger-sub", "REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB"], ["small-and-local-business-program-requirements", "Small and Local Business Program Requirements"], ["public-records", "Public Records"], ["representations-and-warranties-of-buyer", "Representations and Warranties of Buyer"]], "size": 134, "id": "commitment-letters", "related": [["commitment-letter", "Commitment Letter", "Commitment Letter"], ["financing-commitments", "Financing Commitments", "Financing Commitments"], ["financing-commitment", "Financing Commitment", "Financing Commitment"], ["fee-letters", "Fee Letters", "Fee Letters"], ["debt-financing", "Debt Financing", "Debt Financing"]], "related_snippets": [], "updated": "2026-01-24T04:39:55+00:00", "also_ask": [], "drafting_tip": "Specify required contents and timing of commitment letters to ensure clarity; mandate delivery procedures to confirm receipt; define consequences for non-delivery to promote compliance.", "explanation": "A Commitment Letters clause outlines the requirement for one or more parties to provide formal written assurances, typically from financial institutions or investors, confirming their intent to fund or support a transaction. In practice, this clause specifies the timing, form, and content of such letters, and may set deadlines for their delivery or conditions that must be met for the commitment to remain valid. Its core function is to provide certainty and security to the parties involved by ensuring that necessary financing or support is formally documented and committed before proceeding with the transaction."}, "json": true, "cursor": ""}}