An obligation to use 'reasonable commercial endeavours' to satisfy conditions precedent does not require a party to enter into agreements it lacks the financial capacity to perform; it requires only that the party take steps reasonably available to it to put itself in a position to enter into the transaction. Where a special purpose vehicle requires the financial support of related companies that have no obligation to provide it, compliance with the obligation is assessed by reference to the steps taken to obtain that support, not by whether the support was ultimately forthcoming. The word 'commercial' in 'reasonable commercial endeavours' indicates the parties contemplated commercial steps beyond mere document drafting.
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