Capital and Financing Sample Clauses
The Capital and Financing clause defines the rules and requirements regarding the financial resources and funding mechanisms of a business or project. It typically outlines how capital contributions are made by stakeholders, the process for raising additional funds, and the terms under which loans or other financing may be obtained. This clause ensures that all parties understand their financial obligations and the procedures for securing necessary funding, thereby providing a clear framework for managing the project's or entity's financial needs and reducing the risk of disputes over capital contributions or financing arrangements.
Capital and Financing. Dealer recognizes that its ability to conduct its Dealership Operations successfully on a day-to-day basis and to effectively perform its other obligations under this Agreement including, without limitation, its obligations with respect to Dealership Facilities, new vehicle sales, and service and parts sales, depends to a great extent upon the adequate capitalization of Dealer, including its maintaining sufficient net working capital and net worth and employing the same in its Dealership Operations. Dealer shall at all times maintain and employ such amount and allocation of net working capital and net worth as are substantially in accordance with Seller's Guides therefor and which will enable Dealer to fulfill all of its responsibilities under this Agreement. Dealer shall at all times during the term of this Agreement have flooring arrangements (wholesale financing) satisfactory to Seller, in an amount substantially in accordance with Seller's Guides therefor, with a financial institution acceptable to Seller, and which will enable Dealer to fulfill its obligations under this Agreement.
Capital and Financing. Buyer represents and warrants that it has secured adequate paid-in capital and adequate funds to consummate all of the transactions contemplated by this Agreement, and to pay the Purchase Price in accordance with the terms of this Agreement.
Capital and Financing. Dealer recognizes that its ability to conduct its Dealership Operations successfully on a day-to-day basis and to effectively perform its other obligations under this Agreement including, without limitation, its obligations with respect to Dealership Facilities, new vehicle sales, and service and parts sales, depends to a great extent upon the adequate capitalization of Dealer, including its maintaining sufficient net working capital and net worth and
Capital and Financing. The Purchaser has available to it adequate funds to consummate the Transactions contemplated by this Agreement, and to pay the Purchase Price in accordance with the terms of this Agreement.
Capital and Financing