Common use of Commitments of the Parties Clause in Contracts

Commitments of the Parties. Subject to the terms and conditions of this Agreement (including Sections 3 and 4) and the other Transaction Documents, each of the parties hereto agrees to participate in the transactions contemplated by this Agreement and the other Transaction Documents and, among other things, to take each of the actions to be taken by it on the Closing Date and thereafter, as more fully described in this Section 2.

Appears in 2 contracts

Sources: Participation Agreement (R&b Falcon Corp), Participation Agreement (Transocean Sedco Forex Inc)