Common use of Further commitments Clause in Contracts

Further commitments. Transworld shall have the right, but not the obligation, to fund after an Event of Default (as defined below) under this Commitment, amounts in excess of or amounts constituting part of the Commitment, from time to time, to pay accrued and unpaid interest, to complete construction or build-out of Wireless's wireless cable operations or to correct any defaults of Wireless in any of the Commitment Documents. Any such amounts so funded shall be deemed to be part of this Commitment, shall bear interest at the interest rate specified in paragraph 1(a) and, if a security interest in the property of Wireless has been granted to Transworld in accordance with the provisions of paragraph 3 above, shall also be secured by such assets. Promptly upon Transworld's request, Wireless hereby agrees to execute any additional Notes or other additional Commitment Documents (or modifications thereto) in favor of Transworld, which shall further evidence and secure the amounts funded in accordance with this paragraph. 5.