THE SUPPORT AGREEMENT Sample Clauses
The Support Agreement clause defines the terms under which one party agrees to provide assistance or resources to another party, often in the context of a business transaction or ongoing relationship. This clause typically outlines the scope of support, such as technical help, financial backing, or operational assistance, and may specify the duration, conditions, and limitations of the support provided. Its core practical function is to ensure both parties have a clear understanding of their respective obligations and expectations regarding support, thereby reducing the risk of disputes and promoting smooth cooperation.
THE SUPPORT AGREEMENT. Section 701. The Support Agreement. The Support Agreement dated as of November 18, 1998, by and between DTE Capital and the Company, has been terminated as of April 9, 2001. Notwithstanding the foregoing, the Company agrees for the benefit of the Lenders as follows:
(a) The Company will own directly or indirectly all of the voting common stock of DECO now or hereafter issued and outstanding.
(b) The Company will not create or suffer to exist any lien, security interest or other charge of encumbrance, upon or with respect to any voting common stock of DECO from time to time owned directly or indirectly by the Company, provided, however, that any restriction on the payment of dividends by DECO contained in any subordinated debt instrument, preferred stock or preference stock of DECO shall not constitute a lien, security interest or other encumbrance. Subject to the terms of this Second Supplemental Indenture and the Original Indenture, the agreements of the Company set forth in this Section 701 shall terminate on the Initial Interest Rate Adjustment Date (provided that such termination shall not adversely affect the rights of the Initial Purchasers) effective commencing on such Initial Interest Rate Adjustment Date; provided that such termination shall not be applicable to the Notes until after the Notes have been tendered for remarketing and successfully remarketed on such date.
THE SUPPORT AGREEMENT. Pursuant to the Support Agreement, the Plan Support Parties have agreed to, among other things, vote (as applicable) all of their Claims against the Debtor in favor of the Plan, to support the terms of the Plan and to take all reasonable actions necessary and appropriate to consummate the Plan in a timely manner, so long as certain restructuring milestones set forth in the Support Agreement are met. Such milestones include a deadline for consummation of the Plan by February 12, 2018, as may be further extended with the consent of the Plan Support Parties.
THE SUPPORT AGREEMENT. The Support Agreement. The Notes shall be entitled to the benefit of that certain support agreement (the "Support Agreement"), dated as of June 16, 1998, by and between the Company and DTE Energy. The form of Support Agreement is attached as Exhibit D hereto. The Company has assigned and pledged its rights under the Support Agreement to the Lenders (as defined therein), pursuant to the terms and conditions of that certain collateral assignment agreement (the "Collateral Assignment Agreement"), dated as of June 16, 1998, by and between the Company and the Lenders. The form of Collateral Assignment Agreement is attached as Exhibit E hereto. The foregoing are subject to amendment or termination in accordance with the terms of the Support Agreement or, as the case may be, the Collateral Assignment Agreement.
THE SUPPORT AGREEMENT. The Parent previously entered into a Support Agreement, dated June 22, 2000 and amended as of July 26, 2000 (as such agreement may be hereafter amended, modified or supplemented from time to time in accordance with its terms and the provisions of this Agreement, the “Support Agreement”), with the Company, a copy of which (as in effect on the date of this Agreement) is attached hereto as Exhibit 1.2, pursuant to which the Parent has agreed, among other things, to provide funds to the Company if it is unable to make timely payment of principal of and premium, if any, and interest on Debt (as defined in the Support Agreement) issued by the Company.
THE SUPPORT AGREEMENT. We have entered into the Support Agreement with the Purchasing Parties in connection with the Subscription Offer. Pursuant to the terms of the Support Agreement, the Purchasing Parties have agreed to purchase on an aggregate basis up to $55,000,000 of the Convertible Notes not otherwise subscribed for purchase by eligible holders of the Existing Notes.