Common use of Funding Commitments Clause in Contracts

Funding Commitments. Buyer agrees to use reasonable best efforts to obtain the financing specified in the Debt Commitment Letter on terms no less favorable to Buyer than those specified therein or other terms reasonably satisfactory to Buyer, whether with the counterparty to the Debt Commitment Letter or an alternative financing source. Buyer shall use reasonable best efforts to promptly negotiate definitive documentation (“Definitive Financing Documentation”) for the transactions contemplated by the Commitment Letters and to have such Definitive Financing Documentation ready for execution at Closing. Without the prior written approval of Seller, Buyer agrees not to amend in any respect or waive any right with respect to the Commitment Letters that could reasonably be expected to materially delay the consummation of the Closing.