Conditions Precedent to Obligations of the Backstop Parties. The obligations of the Backstop Parties to subscribe for and purchase Backstop Commitment Securities pursuant to their respective Backstop Commitments are subject to the satisfaction (or waiver in writing by the Required Backstop Parties) of each of the following conditions on or prior to the Effective Date:
Appears in 2 contracts
Samples: Backstop Purchase Agreement (Chaparral Energy, Inc.), Restructuring Support Agreement (Chaparral Energy, Inc.)
Conditions Precedent to Obligations of the Backstop Parties. The obligations of the Backstop Parties to subscribe for and purchase Backstop Securities (other than the Put Option Securities) and Backstop Priority Commitment Securities pursuant to their respective Backstop Commitments are subject to the satisfaction (or waiver in writing by the Required Requisite Backstop Parties) of each of the following conditions on or prior to or on the Effective Date:
Appears in 1 contract
Conditions Precedent to Obligations of the Backstop Parties. The obligations of the Backstop Parties to subscribe for and purchase Backstop Commitment Securities Notes (other than the Put Option Notes) pursuant to their respective Backstop Commitments are subject to the satisfaction (or waiver in writing by the Required Backstop Parties) of each of the following conditions on or prior to or on the Effective Date:
Appears in 1 contract
