Commitment Letter definition
Examples of Commitment Letter in a sentence
There are no side letters, understandings or other agreements, contracts or arrangements relating to the funding or investing, as applicable, of the full amount of the Equity Financing other than as expressly set forth in or contemplated by the Equity Commitment Letter.
As of the date of this Agreement, B▇▇▇▇ has no knowledge of any facts or circumstances that are reasonably likely to result in (i) any of the conditions set forth in the Equity Commitment Letter not being satisfied or (ii) the funding contemplated in the Equity Commitment Letter not being made available to Buyer on a timely basis in order to consummate the transactions contemplated by this Agreement.
The Equity Commitment Letter provides that Sellers’ Representatives are a third party beneficiary thereof.
The aggregate proceeds contemplated to be provided by the Equity Commitment Letter, together with available cash on hand of Buyer Parent, will be sufficient for Buyer Parent to cause Buyer to consummate the transactions contemplated by this Agreement and to pay all of Buyer’s related fees and expenses subject to the terms and conditions therein.
Any Information received by any Bank or any Arranger from any Borrower (or from the Administrative Agent on any Borrower’s behalf), (i) shall be treated as confidential by such Bank or such Arranger in accordance with its customary practices and procedures and (ii) with respect to any information or materials received prior to the Effective Date, shall be used solely for the purposes of providing the services that are subject to the Commitment Letter and for no other purpose.