Common use of Adequacy of Financing Clause in Contracts

Adequacy of Financing. The Purchaser will have at the BPS Closing available to it sufficient funds, which as of the date hereof may be reflected as investments on the Purchaser’s balance sheet, to satisfy its obligations under this Agreement, without restriction or conditions on payment to the Company except as provided hereunder. The Purchaser has no other obligations, contingent or otherwise, which would reasonably be likely to impair its ability to use such funds to meet its obligations hereunder.

Appears in 3 contracts

Samples: Backstop Facility Agreement (Trebia Acquisition Corp.), Backstop Facility Agreement (Cannae Holdings, Inc.), Backstop Facility Agreement (Trebia Acquisition Corp.)

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Adequacy of Financing. The Purchaser has, or will have at the BPS Closing Closing, available to it sufficient funds, which as of the date hereof may be reflected as investments on the Purchaser’s balance sheet, clear funds to satisfy its obligations under this Agreement, without restriction or conditions on payment to the Company except as provided hereunder. The Purchaser has no other obligations, contingent or otherwise, which would reasonably be likely to impair its ability to use such funds to meet its obligations hereunder.

Appears in 1 contract

Samples: Backstop Agreement (GS Acquisition Holdings Corp II)

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