Common use of Adequacy of Funds Clause in Contracts

Adequacy of Funds. At the time of acceptance of the Offer and at the Effective Time, Purchaser will have available to it on an unconditional basis the cash proceeds in an amount sufficient to enable Purchaser to purchase the Shares pursuant to the Offer and to consummate the Merger in accordance with the provisions of this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (OAO Severstal), Agreement and Plan of Merger (Esmark INC), Agreement and Plan of Merger (Esmark INC)

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Adequacy of Funds. At the time of acceptance of the Offer and at the Effective Time, Purchaser Purchasers will have available to it them on an unconditional basis the cash proceeds in an amount sufficient to enable Purchaser to purchase the Shares pursuant to the Offer and to consummate the Merger in accordance with the provisions of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (OAO Severstal)

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