Common use of Conditions to the Obligations of the Backstop Parties Clause in Contracts

Conditions to the Obligations of the Backstop Parties. The obligation of the Backstop Parties to purchase the Unsubscribed Shares pursuant to this Agreement on the Effective Date are subject to the following conditions:

Appears in 2 contracts

Sources: Equity Commitment Agreement (Tronox Inc), Equity Commitment Agreement

Conditions to the Obligations of the Backstop Parties. The obligation several obligations of the Backstop Parties to purchase the Unsubscribed Shares pursuant to this Agreement on the Effective Date are subject to the following conditions:

Appears in 1 contract

Sources: Equity Commitment Agreement

Conditions to the Obligations of the Backstop Parties. The obligation several obligations of the Backstop Parties to purchase the Unsubscribed Shares and the shares of New Convertible Preferred Stock pursuant to this Agreement on the Effective Date are subject to the following conditions:

Appears in 1 contract

Sources: Equity Commitment Agreement (Tronox Inc)

Conditions to the Obligations of the Backstop Parties. The obligation of each of the Backstop Parties to purchase its portion of the Unsubscribed Backstop Party Shares pursuant to this Agreement on the Effective Date are is subject to the following conditions:

Appears in 1 contract

Sources: Equity Commitment Agreement (Syms Corp)