Commitment Letter definition
Examples of Commitment Letter in a sentence
Buyer shall give Seller prompt notice of any material breach (or alleged or purported breach) by any party to the Commitment Letter of which ▇▇▇▇▇ has become aware or any termination (or alleged or purported termination) of the Commitment Letter of which ▇▇▇▇▇ has become aware, or upon receipt of written notice of any material dispute or disagreement between or among the parties to Commitment Letter, in each case that could result in the failure of the funding obligations in respect of the Financing.
There are no other agreements, side letters or arrangements relating to the Financing to which Buyer or any of its Affiliates is a party that could impose conditions to the funding of any amount of the Financing, other than those set forth in the Commitment Letter.
As of the date of this Agreement, ▇▇▇▇▇ does not have any reason to believe that it will be unable to satisfy on a timely basis all conditions to be satisfied by it in the Commitment Letter at the time it is required to consummate the Closing hereunder, nor does Buyer have knowledge, as of the date of this Agreement, that any of the Equity Investors will not perform their respective funding obligations under the Commitment Letter in accordance with its terms and conditions.
The Commitment Letter has not been modified, altered or amended on or prior to the date of this Agreement, nor is any such amendment, modification, withdrawal, termination or rescission currently contemplated or the subject of current discussions.
Buyer shall use, and shall cause its Affiliates to use, its reasonable best efforts to comply with its obligations, and enforce its rights, under the Commitment Letter.