Prior Commitment Sample Clauses
The Prior Commitment clause establishes that any obligations or agreements a party has entered into before the current contract are recognized and may affect their ability to perform under the new agreement. In practice, this clause requires parties to disclose existing commitments that could conflict with or limit their participation in the present contract, such as pre-existing employment agreements or exclusive service arrangements. Its core function is to ensure transparency and prevent disputes by clarifying potential conflicts of interest or limitations arising from earlier obligations.
Prior Commitment. This Agreement is in addition to, and not in replacement of, that certain commitment agreement, dated 17 May, 2013, by and between the Oaktree Funds and the Company, which shall remain in full force and effect.
Prior Commitment. This Agreement is in addition to, and not in replacement of, that certain commitment agreement, dated 17 May, 2013, by and between the Silver Point Funds and the Company, which shall remain in full force and effect. Sincerely, SILVER POINT CAPITAL FUND, L.P. By: Silver Point Capital, L.P. its investment manager By: Name: Title: SILVER POINT CAPITAL OFFSHORE MASTER FUND, L.P. By: Silver Point Capital, L.P. its investment manager By: Name: Title: SPCP GROUP III, LLC By: Name: Title: Acknowledged and agreed as of the date first written above by: STUDIO CITY INTERNATIONAL HOLDINGS LIMITED By: Name: Title: Studio City International Holdings Limited c/o Offshore Incorporations Centre P.O. Box 957, Road Town Tortola, British Virgin Islands Attention: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Chief Legal Officer Fax No.: +▇▇▇-▇▇▇▇-▇▇▇▇ Ladies and Gentlemen: This commitment agreement (this “Agreement”) is dated 3 June, 2014 and is entered into by and among OCM Opportunities Fund V, L.P. (“OCM V”), OCM Asia Principal Opportunities Fund, L.P. (“OCM Asia”), OCM Opportunities Fund VI, L.P. (“OCM VI” and, together with OCM V and OCM Asia, the “Oaktree Funds”) and Studio City International Holdings Limited (the “Company”). Capitalized terms used herein but not defined shall have the meanings given to such terms in the Shareholders’ Agreement (as acceded to, and amended, from time to time, the “Shareholders’ Agreement”), and Amendment No. 3 to Shareholders’ Agreement (“Amendment No. 3”), both by and among the Company, New Cotai, LLC (“New Cotai”), MCE Cotai Investments Limited and Melco Crown Entertainment Limited. This Agreement is being delivered pursuant to clause 1(h) of Amendment No. 3.
Prior Commitment. This Agreement is in addition to, and not in replacement of, that certain commitment agreement, dated 17 May, 2013, by and between MCE and the Company, which shall remain in full force and effect. Sincerely, MELCO CROWN ENTERTAINMENT LIMITED By: Name: Title: Acknowledged and agreed as of the date first written above by: STUDIO CITY INTERNATIONAL HOLDINGS LIMITED By: Name: Title: Studio City International Holdings Limited c/o Offshore Incorporations Centre P.O. Box 957, Road Town Tortola, British Virgin Islands Attention: ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Chief Legal Officer Fax No.: +▇▇▇-▇▇▇▇-▇▇▇▇ Ladies and Gentlemen: This commitment agreement (this “Agreement”) is dated 3 June, 2014 and is entered into by and among Silver Point Capital Fund, L.P. (“SPCF”), Silver Point Capital Offshore Master Fund, L.P. (“SPCOMF”), SPCP Group III, LLC (“SPCP” and, together with SPCF and SPCOMF, the “Silver Point Funds”) and Studio City International Holdings Limited (the “Company”). Capitalized terms used herein but not defined shall have the meanings given to such terms in the Shareholders’ Agreement (as acceded to, and amended, from time to time, the “Shareholders’ Agreement”), and Amendment No. 3 to Shareholders’ Agreement (“Amendment No. 3”), both by and among the Company, New Cotai, LLC (“New Cotai”), MCE Cotai Investments Limited and Melco Crown Entertainment Limited. This Agreement is being delivered pursuant to clause 1(g) of Amendment No. 3.
Prior Commitment. This Commitment Letter supercedes and replaces in its entirety that certain Commitment Letter, dated March 29, 2002, issued by the Bank to the Borrower but which was not timely and unconditionally accepted by the Borrower (the "Prior Commitment"). The Bank and the Borrower agree that the Prior Commitment has expired by its terms and is of no force or effect. BEAL BANK, S.S.B. By: /s/ WIL▇▇▇▇ T. SAURENMANN ------------------------------------- Name: William T. Saurenmann Titl▇: ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ent AGREED TO AND ACCEPTED THIS 11th day of April, 2002. BORROWER: INTERVOICE-BRITE, INC., By: /s/ ROB-ROY J. GRAHAM ------------------------------------- Name: Rob-Roy J. Graham ------------------------------- Title: CFO ------------------------------ EXHIBIT "A" The Land EXHIBIT "B" THE SURVEY REQUIREMENTS