Common use of Available Funds; Source of Funds Clause in Contracts

Available Funds; Source of Funds. The Purchaser has access to, and will have at Closing, sufficient cash or other sources of immediately available funds to pay in cash the Purchase Price in accordance with Article 2 and for all other actions necessary for the Purchaser to consummate the transactions contemplated in this Agreement. All funds paid and to be paid to the Seller shall not have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering Laws of the U.S.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Dynegy Inc.), Membership Interest Purchase Agreement (Dynegy Inc.)

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Available Funds; Source of Funds. The Purchaser has access to, and will have at Closing, as of the Closing sufficient cash or other sources of immediately available funds to pay in cash the Purchase Price in accordance with Article 2 and for all other actions necessary for the Purchaser to consummate the transactions contemplated in this Agreement. All No funds paid and to be paid to the Seller shall not Sellers have been (or will have been) derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the applicable anti-money laundering Laws of the U.S.Laws.

Appears in 1 contract

Samples: Share Purchase Agreement (Nicholas Financial Inc)

Available Funds; Source of Funds. The Purchaser has access toBuyer has, and will shall have at Closing, sufficient cash or other sources of immediately available funds to pay in cash the Purchase Price in accordance with Article 2 II and for all other actions necessary for the Purchaser Buyer to consummate the transactions contemplated in Transaction and perform its obligations under this AgreementAgreement or any Related Agreement to which it is a party. All funds paid and to be paid to the Seller shall not have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering Laws laws of the U.S.

Appears in 1 contract

Samples: Asset Purchase Agreement

Available Funds; Source of Funds. The Purchaser has access to, and will have at each Closing, sufficient cash or other sources of immediately available funds to pay in cash the Purchase Price in accordance with Article 2 2, and for all other actions necessary for the Purchaser to consummate the transactions contemplated in hereby and perform its obligations under this Agreement. All funds paid and to be paid to the Seller Sellers shall not have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering Laws of the U.S.United States.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Dynegy Inc.)

Available Funds; Source of Funds. The Purchaser has access toAt the Closing, and Buyer will have at Closing, sufficient cash or other sources of immediately available funds to pay in cash the Purchase Price in accordance with Article 2 and for all other actions necessary for the Purchaser Buyer to consummate the transactions contemplated in this Agreement. All Buyer represents and warrants that all funds paid and to be paid to the Seller shall not have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering Laws laws of the U.S.United States.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vistra Energy Corp)

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Available Funds; Source of Funds. The Purchaser Buyer has access to, and will have at Closing, sufficient cash or other sources of immediately available funds to pay in cash the Purchase Price Closing Payment in accordance with Article 2 and for all other actions necessary for the Purchaser Buyer to consummate the transactions contemplated in this Agreement. All Buyer represents and warrants that all funds paid and to be paid to the Seller shall not have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering Laws laws of the U.S.United States.

Appears in 1 contract

Samples: Acquisition Agreement (Sunedison, Inc.)

Available Funds; Source of Funds. The Purchaser has access toBuyer has, and or as of the Closing will have at Closinghave, sufficient cash or other sources of immediately available funds to pay in cash the Purchase Price in accordance with Article 2 and for all other actions necessary for the Purchaser Buyer to consummate the transactions contemplated in this Agreement. All Buyer represents and warrants that all funds paid and to be paid to the Seller shall not have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering Laws laws of the U.S.United States.

Appears in 1 contract

Samples: Acquisition Agreement (PPL Energy Supply LLC)

Available Funds; Source of Funds. The Purchaser has access to, and will have at Closing, sufficient cash or other sources of immediately available funds to pay in cash the Purchase Price in accordance with Article 2 II and for all other actions necessary for the Purchaser to consummate the transactions contemplated in this Agreement. All funds paid and to be paid to the each Seller shall not have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering Laws of the U.S.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Dynegy Inc.)

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