Common use of Available Funds and Financing Clause in Contracts

Available Funds and Financing. (a) Parent has delivered to the Company true and complete copies of (i) an executed commitment letter from the financial institutions named therein (as the same may be amended or modified pursuant to Section 6.07, the “Debt Commitment Letter”) (which may be redacted with respect to provisions relating to fees and market flex provisions that would not affect the conditionality, enforceability, availability, termination or the aggregate principal amount of the Debt Financing), confirming their respective commitments, subject to the terms and conditions thereof, to provide or cause to be provided the respective debt amounts set forth therein, together with, unless the context otherwise requires, any debt securities issued in lieu thereof, in connection with the Transactions (the “Debt Financing”), and (ii) executed equity commitment letters from the Sponsors or their respective Affiliates (as the same may be supplemented or amended from time to time in accordance with this Agreement, the “Equity Commitment Letters” and, together with the Debt Commitment Letter and/or, if applicable the Alternative Financing Documents, the “Financing Documents”) pursuant to which 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 Holdco, up to the aggregate amount set forth therein (the “Equity Financing” and, together with the Debt Financing and/or, if applicable, the Alternative Financing, the “Financing”).

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Zhang Ray Ruiping), Agreement and Plan of Merger (BPEA Teamsport LTD), Agreement and Plan of Merger (eHi Car Services LTD)

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Available Funds and Financing. (a) Parent has delivered to the Company true and complete copies of (i) an executed commitment letter from the financial institutions institution named therein (as the same may be amended or modified pursuant to Section 6.07), (the “Debt Commitment Letter”) (which may be redacted with respect to provisions relating to fees and market flex any provisions that would not affect the conditionality, enforceability, availability, termination or the aggregate principal amount of the Debt Financing), confirming their respective commitmentsits commitment, subject to the terms and conditions thereof, to provide or cause to be provided the respective debt amounts amount set forth therein, together with, unless the context otherwise requires, any debt securities issued in lieu thereof, therein in connection with the Transactions (the “Debt Financing”), and (ii) an executed equity commitment letters letter from the Sponsors or their respective Affiliates Forebright (as the same may be supplemented or amended from time to time in accordance with this Agreement, the “Equity Commitment LettersLetter” and, together with the Debt Commitment Letter and/oror, if applicable the Alternative Financing Documents, the “Financing Documents”) ), pursuant to which each of the Sponsors Xxxxxxxxxx has committed to purchase, or cause the purchase of, for cash, subject to the terms and conditions thereof, equity securities Equity Securities of Holdco, up to the aggregate amount set forth therein (the “Equity Financing” and, together with the Debt Financing and/oror, if applicable, the Alternative Financing, the “Financing”). The proceeds of the Financing shall be used to, among others, finance the consummation of the Transaction.

Appears in 1 contract

Samples: Agreement and Plan of Merger (O2micro International LTD)

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Available Funds and Financing. (a) Parent has delivered to the Company true and complete copies of (i) an certain executed commitment letter letters from the financial institutions named therein (as the same may be amended or modified pursuant to Section 6.07, (collectively, the “Debt Commitment LetterLetters) (which may be redacted with respect to provisions relating to fees and market flex provisions that would not affect the conditionality, enforceability, availability, termination or the aggregate principal amount of the Debt Financing), confirming their respective commitments, subject to the terms and conditions thereof, to provide or cause to be provided the respective debt amounts set forth therein, together with, unless the context otherwise requires, any debt securities issued in lieu thereof, therein in connection with the Transactions (the “Debt Financing”), and (ii) executed equity commitment letters from the Sponsors or their respective Affiliates (as the same may be supplemented or amended from time to time in accordance with this Agreement, the “Equity Commitment Letters” and, together with the Debt Commitment Letter Letters and/or, if applicable the Alternative Financing Documents, the “Financing Documents”) pursuant to which each of the Sponsors or their respective Affiliates has committed to purchase, or cause the purchase of, for cash, subject to the terms and conditions thereof, equity securities of Holdco, up to the aggregate amount set forth therein (the “Equity Financing” and, together with the Debt Financing and/or, if applicable, the Alternative Financing, the “Financing”). The proceeds of the Financing will be used to, among other things, finance the consummation of the Transactions.

Appears in 1 contract

Samples: Agreement and Plan of Merger (WuXi PharmaTech (Cayman) Inc.)

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