Common use of Bank Financing Clause in Contracts

Bank Financing. The Company shall have entered into definitive documentation on terms and in form and substance reasonably satisfactory to the Lender with respect to the Bank Financing (collectively with all documents and instruments related thereto or delivered in connection therewith, the "Bank Documents") with a commercial lender or lenders or a syndicate of commercial lenders in form and substance reasonably satisfactory to the Lender. The Bank Documents shall be in full force and effect and the parties thereto shall be in compliance with all material agreements thereunder.

Appears in 3 contracts

Samples: Merger Agreement (Happy Kids Inc), Merger Agreement (Happy Kids Inc), Merger Agreement (Happy Kids Inc)

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Bank Financing. The Company You shall have entered into definitive documentation on terms and in form and substance reasonably satisfactory to the Lender Lenders with respect to the Bank Financing (collectively with all documents and instruments related thereto or delivered in connection therewith, the "Bank Documents") with a commercial lender or lenders or a syndicate of commercial lenders in form and substance reasonably satisfactory to the Lenderlenders. The Bank Documents shall be in full force and effect and effect, the parties thereto shall be in compliance with all material agreements thereunderthereunder and proceeds of the initial drawing shall be available.

Appears in 1 contract

Samples: Commitment Letter (Lennar Corp /New/)

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