Equity Commitment Letter definition
Examples of Equity 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.
In furtherance of the foregoing, Buyer Parent acknowledges and agrees that if S▇▇▇▇▇▇ are entitled to specific performance against Buyer in accordance with Section 11.10 to pay the Closing Payments and to consummate the transactions contemplated by this Agreement, the Sellers (or the Sellers’ Representatives on their behalf) shall also be entitled to specific performance against Buyer Parent to enforce its rights under the Equity Commitment Letter.