Commitment Letter definition
Examples of Commitment Letter in a sentence
The Equity Commitment Letter provides, among other things, that: (1) Natus is an express third party beneficiary thereof in connection with Natus’ exercise of its rights related to specific performance under the Merger Agreement; and (2) Natus will be entitled to specific performance in connection with the exercise of such third party beneficiary rights.
Natus is an express third party beneficiary of the Equity Commitment Letter.
The Equity Commitment Letter may not be waived, amended or modified except by a written instrument signed by Parent, Med Platform II and the Company.
Pursuant to the Equity Commitment Letter (as such term is defined in the Merger Agreement), Med Platform II has agreed to provide Parent with an equity commitment of up to approximately $840,000,000 in cash, which will be available to fund the aggregate purchase price and the other payments contemplated by, and subject to the terms and conditions of, the Merger Agreement.
To the extent invoiced at least five (5) Business Days prior to the closing date, all reasonable costs, fees, expenses of Administrative Agent, Lead Arrangers, and (in the case of fees only) the Lenders required to be paid by this Agreement, the Commitment Letter or as otherwise agreed by Borrower, in each case, payable to Administrative Agent, Lead Arrangers, and/or Lenders in respect of the Transactions, shall have been paid to the extent due.