Common use of Additional Commitment Parties Clause in Contracts

Additional Commitment Parties. Each Additional Commitment Party hereby agrees to be bound by the terms of the Backstop Agreement as a Commitment Party as provided in this First Amendment. Each Additional Commitment Party shall hereafter be deemed to be a Commitment Party for all purposes under the Backstop Agreement.

Appears in 2 contracts

Sources: Backstop Commitment Agreement (Weatherford Irish Holdings Ltd.), Backstop Commitment Agreement (Weatherford International PLC)