Common use of Adequate Funds Clause in Contracts

Adequate Funds. Parent has commitment letters in customary form from nationally-recognized lending institutions for and will have at the Effective Time sufficient funds for the payment of the Merger Consideration and to perform its obligations with respect to the Merger transactions contemplated by this Agreement and the TULIP Merger Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Keebler Foods Co), Agreement and Plan of Merger (Kellogg Co), Agreement and Plan of Merger (Flowers Industries Inc /Ga)

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Adequate Funds. Parent has commitment letters in customary form from nationally-recognized lending institutions for and will have at the Effective Time sufficient funds for the payment of the aggregate Merger Consideration and to perform its obligations with respect to under the Merger transactions contemplated by this Agreement Transaction Agreements and under the TULIP ELF Merger Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Restructuring and Merger (Flowers Industries Inc /Ga), Agreement and Plan of Restructuring and Merger (Kellogg Co), Agreement and Plan of Restructuring and Merger (Keebler Foods Co)

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