Common use of Capital Financing Clause in Contracts

Capital Financing. On the date hereof, the Buyer is, at a minimum, "adequately capitalized," as such term is defined in the rules and regulations promulgated by the FRB and the FDIC, as the case may be. The Buyer will have available to it sources of capital and financing sufficient to fulfill its cash obligations hereunder.

Appears in 3 contracts

Samples: Merger Agreement (Seacoast Financial Services Corp), Merger Agreement (Andover Bancorp Inc), Merger Agreement (Home Port Bancorp Inc)

AutoNDA by SimpleDocs

Capital Financing. On the date hereof, the Buyer Purchaser is, at a minimum, "adequately capitalized," as such term is defined in the rules and regulations promulgated by the FRB and the FDIC, as the case may be. The Buyer Purchaser and Merger Sub will have available to it them sources of capital and financing sufficient to fulfill its cash their obligations hereunder.

Appears in 1 contract

Samples: Merger Agreement (BNH Bancshares Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!