Initial Commitment Obligations Clause Samples

Initial Commitment Obligations. Each of the Blackstone Funds and ▇▇▇▇▇▇▇ Energy provided the Commitment Letters in accordance with this Agreement which describe the several commitments of the parties thereto to provide or cause to be provided capital contributions to fund the Adjusted Purchase Price under the Agreement at Closing. The rights and obligations of the Investors and the other parties thereto under their respective Commitment Letters may not be transferred, assigned, amended, supplemented, modified or terminated except in accordance with this Agreement and the Purchase Agreement. Notwithstanding anything herein to the contrary, (i) no transfer or assignment of a Commitment Letter will relieve the transferring or assigning Investor of its obligations hereunder or under its respective Commitment Letter and (ii) no restricted subsidiary of ▇▇▇▇▇▇▇ Energy under its credit facility or indentures governing its outstanding notes will be required provide any equity commitment or funding to any unrestricted subsidiary of ▇▇▇▇▇▇▇ Energy under its credit facility or indentures governing its outstanding notes.