Closing Date Contribution Clause Samples
The Closing Date Contribution clause defines the financial or other contributions that a party is required to make at the time of closing a transaction. Typically, this clause specifies the exact amount, form, and timing of the contribution, such as a cash payment, transfer of assets, or settlement of obligations, which must be delivered on the closing date. By clearly outlining these requirements, the clause ensures that all parties understand their obligations at closing, thereby reducing the risk of disputes and facilitating a smooth completion of the transaction.
Closing Date Contribution. 2.2(b)(iv) Legal Proceeding ....................................
Closing Date Contribution. Evidence that the Closing Date Contribution shall have been duly made in compliance with all applicable laws, statutes and regulations and that the proceeds thereof, together with all Loans made on the Closing Date, shall be used, and in an amount sufficient, to finance the Acquisition, to refinance amounts outstanding under the ING Credit Agreement and to pay any fees and expenses payable hereunder on the Closing Date.
Closing Date Contribution. The Closing Date Contribution shall have been consummated in accordance with the terms of the Closing Date Contribution Documents in all material respects without any waiver, amendment, supplement or other modification that is materially adverse to the interests of the Lenders unless the Lead Arranger has consented thereto, such consent not to be unreasonably withheld, conditioned or delayed, and all conditions precedent to the consummation of the Closing Date Contribution, as set forth in the Closing Date Contribution Documents, shall have been satisfied.
Closing Date Contribution. The Water Properties subject to the Closing Date Contribution Documents include substantially all of the properties and assets used or held for use by the EVX Entities in the Eagle Ford Shale in connection with the gathering, treating, processing, transporting, distributing, injecting, disposing and storing of water, crude oil, natural gas and/or Oil and Gas Waste, and such properties and assets constitute Closing Date Water Properties hereunder (other than any such properties or assets that constitute Excluded Assets). No part of the proceeds of the Loans will be used by the Borrower to fund the acquisition of any Closing Date Water Properties from the EVX Entities that will not be the subject of a Mortgage under Section 5.18 (other than any such properties or assets that constitute Excluded Assets).
Closing Date Contribution. On the Closing Date, Calfinco shall make a Capital Contribution to the Company in cash in the amount of $31,666,667 and CEA shall make a Capital Contribution to the Company in cash in the amount of $10,000,000, subject to the satisfaction (or waiver in writing by each Member) of the following terms and conditions:
(a) Execution and delivery of the Operative Documents.
(b) No Termination Event or event which, with the giving of notice or passage of time (or both), would constitute a Termination Event shall have occurred and be continuing before or after giving effect to any such Capital Contribution.
(c) Opinions of Vins▇▇ & ▇lki▇▇ ▇▇▇ other parties acceptable to Calfinco and CEA shall have been delivered to the Company and the Members. Such opinions shall be addressed to the Company and the Members.
Closing Date Contribution. Embraer shall, at the Closing, make its Closing Date Contribution pursuant to Section 2.2(b). (e)