Bridge Financing. The Company shall have received the Bridge Financing Commitment Letter.
Bridge Financing. The Company shall use its reasonable best efforts to take, or cause to be taken, all actions and do or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to obtain no later than October 30, 2004 a commitment letter (the “Bridge Financing Commitment Letter”) expiring no earlier than January 30, 2005, from a reputable financial institution in substantially the same form and substance as Exhibit F attached hereto, to provide financing on terms and conditions no less favorable than those described on Exhibit F attached hereto.
Bridge Financing. Parent has delivered to the Company a true, correct and complete copy of the fully executed commitment letter, dated September 21, 2014, executed and delivered by Parent and XX Xxxxxx Xxxxx Bank N.A., X.X. Xxxxxx Securities LLC, and Barclays Bank PLC and all fee letters associated therewith (such commitment letter and related terms sheets (with all pricing terms redacted (none of which redacted provisions will adversely affect the availability of, or impose conditions on, the availability of the Bridge Financing at the Closing)), together with all annexes, exhibits, schedules and attachments thereto and each such fee letter, in each case, as amended or otherwise modified only to the extent permitted by this Agreement, collectively, the “Commitment Letter”) to provide to Parent, subject to the terms and conditions therein, debt financing in an aggregate principal amount set forth therein (being collectively referred to as the “Bridge Financing”). As of the date of this Agreement, the Commitment Letter has not been amended or modified and the respective obligations and commitments contained therein have not been withdrawn, terminated or rescinded in any respect. As of the date of this Agreement, no amendment, restatement, withdrawal, termination or other modification of the Commitment Letter is contemplated. As of the date of this Agreement, the Commitment Letter, in the form so delivered, is in full force and effect and is a legal, valid and binding obligation of Parent, and to the Knowledge of Parent, the other parties thereto, subject to the Bankruptcy and Equity Exception. Parent has fully paid any and all commitment fees and other fees in connection with the Commitment Letter that are payable on or prior to the date of this Agreement. The net cash proceeds of the Bridge Financing contemplated by the Commitment Letter will, together with cash and cash equivalents available to Parent, be sufficient (A) to consummate the Transactions upon the terms contemplated by this Agreement and to pay all related fees and expenses associated therewith, including payment of all amounts under ARTICLE II and ARTICLE III of this Agreement and (B) to fully satisfy all of the outstanding indebtedness of the Company or any of its Subsidiaries to the extent required to be repaid in connection with the consummation of the Merger and the other Transactions (the aggregate amount described in this sentence is referred to as the “Required Amount”). As of the date of this Agreement...
Bridge Financing. Upon the reasonable prior written request of the Company, Parent and the Company will use their respective reasonable best efforts to, as promptly as practicable after the date of such request, negotiate in good faith and enter into definitive documentation providing for bridge financing on such terms and conditions as are reasonably acceptable to the Company and Parent.
Bridge Financing. A home trade can be made or construction may be started after acceptable deposits have been made at least in four calendar quarters if the purchase price of the home or the construction of the home is financed with bridge financing agreed on with the bank. When agreeing on bridge financing, the ASP depositor and the bank must also agree on the final bridging loan and a possible state guarantee. The ASP depositor cannot obtain bridge financing if the terms and conditions of the home saving agreement are met.
Bridge Financing. Nothwithstanding any of the other provisions of this Agreement, to provide some initial capital to the Company the Investor agrees to wire to the Company $250,000 by January 26, 2010 in return for which the Company shall issue 250,000 shares of Common Stock to the Investor at a price of $1.00 per share. The Company agrees to authorize the issuance of such shares of Common Stock within 24 hours of receipt of the $250,000 equity investment.
Bridge Financing. On the Closing Date, either (i) Magellan shall provide OpCo with bridge financing for a one-year term in the amount of up to $55 million as requested by OpCo to fund its working capital needs, including funding OpCo's acquisition of existing supplies, inventory, prepaid expenses, and other Working Capital Assets (the form of the Bridge Loan Agreement is attached as Exhibit D and D-1 to the OpCo Contribution Agreement) or (ii) OpCo shall have obtained working capital financing of at least $55 million pursuant to a loan facility with a syndicate of financial institutions.
Bridge Financing. (a) In consideration of the issuance by Sonic Financial Corporation and/or O. Xxxxxx Xxxxx (collectively, the "Guarantor") of one or more guaranties ---------- (the "Guaranty") of the Company's indebtedness to Ford Motor Credit or other --------- financing institutions of approximately $107,000,000 to enable the Company to complete the Pending Acquisitions which were pending on August 25, 1999, the Company in the Merger Agreement granted, and does hereby in this Agreement confirm its grant, to the Parent an option (the "Option") to purchase up to all ------- of the dealership properties included in such Pending Acquisitions, including, without limitation, the Xxxxx Group acquisition which closed effective September 30, 1999 (the "Dealership Properties"), on the following terms, in the event ---------------------- that this Agreement is terminated prior to the Closing:
(i) The Option shall be exercisable for a period of sixty (60) days (the "Option Period") commencing on the ninety-first (91st) day after the --------------- date of such termination of this Agreement, unless the Company shall, during the ninety (90) day period after such termination, have caused a complete release and discharge of the Guarantor from the Guaranty. The Company hereby agrees to use its best reasonable efforts to obtain such release and discharge.
(ii) (The Option shall be exercisable from time to time during the Option Period with respect to any or all of the Dealership Properties; provided, however, with respect to any distinct dealership group (for example, -------- ------- the Xxxxx Group), the Option, if exercised, must be exercised as to all Dealership Properties within that group.
(iii) The Option may be assigned by the Parent to any Person.
(iv) The exercise price for the Option will be the price (including directly related transactions expenses) at which the Dealership Property was purchased by the Company (the "Exercise Price"). ---------------
(v) With respect to any exercise of the Option during the Option Period, the period during which the Parent will have to close the purchase (the "Closing Period") will begin on the date of exercise and will end one hundred ---------------- twenty (120) days after the end of the Option Period. The purchase will be made pursuant to purchase documentation substantially equivalent including as to form, representations and warranties and indemnification obligations of the agreements pursuant to which such Dealership Properties were p...
Bridge Financing. 1.8 Advance of Bridge Loan - As a pre-condition to entering into this Agreement, the Purchaser advanced to the Vendor the original principal amount of Five Hundred Thousand Dollars ($500,000) in cash pursuant to and in accordance with the terms of the Bridge Loan, which advance shall constitute partial payment and be applied on Closing in satisfaction of an equivalent amount of the Purchase Price in respect of the Purchased Shares.
Bridge Financing. All conditions precedent to the Bridge Loans shall have been met, and Borrowers shall have received at least $10,400,000.00 of gross cash proceeds from the Bridge Loans.
