Common use of Available Funds and Financing Clause in Contracts

Available Funds and Financing. (a) Parent has delivered to the Company a true and complete copy of (i) the executed Equity Commitment Letter (the “Equity Commitment Letter”) pursuant to which certain sponsor has committed to purchase, or cause the purchase of, for cash, subject to terms and conditions thereof, equity securities of Parent, up to the aggregate amount set forth therein (the “Equity Financing”), and (ii) the executed Support Agreement. The proceeds of the Equity Financing shall be used to finance the consummation of the Transactions.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (BlueCity Holdings LTD), Agreement and Plan of Merger (Ma Baoli)

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Available Funds and Financing. (a) Parent has delivered to the Company a true and complete copy copies of (i) the executed Equity Commitment Letter equity commitment letter from the Sponsor or its Affiliate (the “Equity Commitment Letter”) pursuant to which certain sponsor the Sponsor or its Affiliate named therein has committed to purchase, or cause the purchase of, for cash, subject to the terms and conditions thereof, equity securities Equity Securities of Parent, up to the aggregate amount set forth therein (the “Equity Financing”), and (ii) the executed Support Agreement. The proceeds of the Equity Financing shall be used to finance the consummation of the Transactions.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tang Liang), Agreement and Plan of Merger (Ossen Innovation Co. Ltd.)

Available Funds and Financing. (a) Parent has delivered to the Company a true and complete copy copies of (i) executed equity commitment letters from the executed Equity Commitment Letter Sponsors (the “Equity Commitment LetterLetters”) pursuant to which certain sponsor each of the Sponsors has committed to purchase, or cause the purchase of, for cash, subject to the terms and conditions thereof, equity securities of ParentHoldco, up to the aggregate amount set forth therein (the “Equity Financing”), and (ii) the executed Support Agreement. The proceeds of the Equity Financing shall be used to finance the consummation of the Transactions.

Appears in 1 contract

Samples: Amalgamation Agreement (Sinovac Biotech LTD)

Available Funds and Financing. (a) Parent has delivered to the Company a true and complete copy copies of (ian executed equity commitment letter from the Founder or its Affiliate(s) the executed Equity Commitment Letter (the “Equity Commitment Letter”) pursuant to which certain sponsor the Founder or its Affiliate(s) named therein has committed to purchase, or cause the purchase of, for cash, subject to the terms and conditions thereof, equity securities Equity Securities of Parent, up to the aggregate amount set forth therein (the “Equity Financing”), and (ii) the executed Support Agreement. The proceeds of the Equity Financing shall be used to finance the consummation of the Transactions.

Appears in 1 contract

Samples: Agreement and Plan of Merger (TDCX Inc.)

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Available Funds and Financing. (a) Parent has delivered to the Company a true and complete copy of (i) the executed Equity Commitment Letter Letters (the “Equity Commitment Letters”, and each an “Equity Commitment Letter”) pursuant to which certain sponsor has sponsors have committed to purchase, or cause the purchase of, for cash, subject to terms and conditions thereof, equity securities of Parent, up to the aggregate amount set forth therein (the “Equity Financing”), and (ii) the executed Support Agreement. The proceeds of the Equity Financing shall be used to finance the consummation of the Transactions.

Appears in 1 contract

Samples: Agreement and Plan of Merger (LAIX Inc.)

Available Funds and Financing. (a) Parent has delivered to the Company a true and complete copy copies of (i) the executed Equity Commitment Letter (the “Equity Commitment Letter”) Letters pursuant to which certain sponsor each of the Sponsor and Founder Entity has committed to purchase, or cause the purchase of, for cashcash or contributed equity, subject to terms and conditions thereof, equity securities of Parent, up to the aggregate amount set forth therein in the respective Equity Commitment Letter (together, the “Equity Financing”), and (ii) the executed Support Agreement. The proceeds of the Equity Financing shall be used to finance the consummation of the Transactions.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fuling Global Inc.)

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