Obligations and/or the Enforcement Costs, (d) the Closing and the payment of the Equity Financing Commitment (at which time the obligations hereunder shall be discharged) and (e) the valid termination of the Other Equity Commitment Letter other than (i) following the Other Equity Investor’s funding its Equity Financing Commitment or (ii) in connection with any Equity Assignment. Upon termination of this letter agreement, the Equity Investor shall not have any further obligations or liabilities hereunder. Sections 2 (Termination), 4 (Assignment; Amendments and Waivers; Entire Agreement), 5 (Parties in Interest), 6 (Limited Recourse; Enforcement), 7 (Confidentiality) and 8 (Governing Law; Jurisdiction; Waiver of Jury Trial) of this letter agreement shall survive and remain in full force and effect, notwithstanding any termination of this letter agreement. For the avoidance of doubt, upon the valid termination of this letter agreement, all obligations of the Equity Investor to fund the Equity Financing Commitment shall terminate and no surviving provision shall be deemed to require the Equity Investor to fund any portion of the Equity Financing Commitment.
3. Representations and Warranties. The Equity Investor hereby represents and warrants (and makes no other representations or warranties, express or implied) that:
(a) It is duly organized or incorporated, validly existing and in good standing under the laws of its jurisdiction of organization or incorporation.
(b) The execution, delivery of and performance under this letter agreement by it is within its organizational or corporate powers and has been duly authorized by all necessary organizational, general partner, manager or corporate action, as applicable.
(c) This letter agreement has been duly executed and delivered by it and, assuming the due authorization, execution and delivery by Parent, constitutes its valid and binding agreement, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar applicable law relating to or affecting creditors’ rights generally by general principles of equity.
(d) The execution and delivery of and performance under, this letter agreement by it do not and will not (i) violate its organizational documents, (ii) violate any provision of Applicable Law or any Order (subject to the making, obtaining and receipt of the consents, approvals, authorizations, permits of, filings with and notifications to any governmental authority described in Section 7.01(c) of the Merger Agreement) or (iii) conflict with any material agreement binding upon it, except in the case of (ii) and (iii) as would not reasonably be expected to, individually or in the aggregate, materially affect its ability to enter into this letter agreement or perform its obligations hereunder.
(e) Subject to the making, obtaining and receipt of the consents, approvals, authorizations, permits of, filings with and notifications to any governmental authority described in Section 7.01(c) of the Merger Agreement, all consents, approvals, authorizations, permits of, filings with and notifications to, any governmental authority necessary for the due execution, delivery and performance of this letter by the Equity Investor have been obtained or made and all conditions thereof have been duly complied with, and no other action by, and no notice to or filing with, any governmental authority is required in connection with the execution, delivery or performance of this letter except as would not reasonably be expected to, individually or in the aggregate, materially affect the Equity Investor’s ability to enter into this letter or perform its obligations hereunder.
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