Common use of Debt Commitment Clause in Contracts

Debt Commitment. Each Debt Commitment Letter: a. is a true and complete copy executed by all parties thereto: b. has not been terminated, modified or rescinded, and no event has occurred which with notice, lapse of time, or both, would result in a default under that Debt Commitment Letter; c. is enforceable in accordance with its terms and Apax is not in default thereunder;