Finance Matters Sample Clauses
The 'Finance Matters' clause outlines the financial responsibilities and arrangements between the parties involved in an agreement. It typically specifies how payments are to be made, the timing and method of invoicing, and any obligations regarding taxes, reimbursements, or financial reporting. For example, it may detail who is responsible for covering certain costs or how expenses will be approved and settled. This clause ensures that all parties have a clear understanding of their financial duties, reducing the risk of disputes over payments and promoting transparency in the management of financial transactions.
Finance Matters. 7.1. From the date of signing of this Agreement, the methodology for funding for the Otago CDEM service to deliver CDEM functions outlined in this Agreement, specifically Schedule A, will be through: • Group CDEM service delivery: CDEM Regional Targeted Rate6. • TA CDEM service delivery: Respective Territorial Authority budget.
7.2. A revenue and financial statement is detailed in Schedule B of this Agreement.
7.3. A review of the financial methodology for funding CDEM services in the Otago should be undertaken consistent with the duration and review under section 9 of this Agreement.
Finance Matters. Co-Promotion Partner agrees to reasonably cooperate with Santarus in order to enable Santarus to satisfy its obligations under Section 404 of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, as may be amended, with respect to Co-Promotion Partner's activities hereunder. [***] *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Finance Matters. 8.1. From 1 July 2020, the methodology for funding for the Bay of Plenty CDEM service to deliver CDEM functions outlined in this Agreement, specifically Schedule A, will be through:
8.1.1 Group CDEM service delivery: CDEM Regional Targeted Rate.
8.1.2 Regional CDEM service delivery: Bay of Plenty Regional Council budget.
8.1.3 Local CDEM service delivery: Respective Territorial Authority budget.
8.2. A revenue and financial statement is detailed in Schedule C of this Agreement.
8.3. The Partners acknowledge that Local Government Annual and Long-Term Planning obligations and process, could impact on budgets and delivery of CDEM services.
8.4. A review of the financial methodology for funding CDEM services in the Bay of Plenty should be undertaken consistent with the duration and review under Section 6 of this Agreement.
Finance Matters. The selling shareholders are to provide Acquirer with finance representing all of the inventory of Target, for which the Acquirer would pay 8% per annum. This arrangement would be for 1 year unless both parties agree to extend. It is a condition that Acquirer is able to arrange a loan of $4Million secured against Target’s land and a further $4Million in equipment finance secured against Target’s plant and equipment, and Target will have to extinguish its existing liabilities at or prior to settlement. As Target is assisting the purchase of its own shares, ASIC approval under Section 260A of the Corporations Law may be required for this transaction It is a pre-condition that ASIC approval for the transaction is granted and both parties will work together to obtain such approval. At settlement there will be an account taken of all of Target’s debtors and creditors and these will be for the existing shareholders benefit, to the intent that Target will continue to pay such liabilities and collect debts and the balance, if any, will be paid to the existing shareholders. The shareholders must pay out Target’s commercial ▇▇▇▇ debt and any other facilities, and any moneys remaining in Target’s bank accounts after discharging all liabilities will be paid to the benefit of the existing shareholders. These payments will represent an increase / decrease in the purchase price of the Target shares as appropriate. This should ensure that neither party will be assessable on a receipt from the other party resulting from an adjustment made under this clause.
Finance Matters. Until the Discharge of First Lien Obligations has occurred, if the Company or any other Grantor shall be subject to any Insolvency or Liquidation Proceeding and the First Lien Collateral Agent shall desire to permit the use of “Cash Collateral” (as such term is defined in Section 363(a) of the Bankruptcy Code) on which such First Lien Collateral Agent or any other creditor has a Lien, or to permit the Company or any other Grantor to obtain financing, whether from the First Lien Claimholders or any other Person under Section 364 of the Bankruptcy Code or any similar Bankruptcy Law (“DIP Financing”), then the Second Lien Collateral Agent agrees, subject to the DIP Conditions, on behalf of itself and each other Second Lien Claimholder, (a) will not object to such Cash Collateral use or DIP Financing (including any proposed orders for such Cash Collateral use and/or DIP Financing which are acceptable to the First Lien Collateral Agent), (b) will subordinate its Liens in the Collateral to the Liens securing such DIP Financing (and all Obligations relating thereto) to the extent the Liens securing the First Lien Obligations are subordinated to or pari passu with such DIP Financing and (c) will not request adequate protection or any other relief in connection therewith (except, as expressly agreed by the First Lien Collateral Agent or to the extent permitted by Section 6.3). No Second Lien Claimholder may provide DIP Financing to the Company or any other Grantor secured by Liens equal or senior in priority to the Liens securing any First Lien Obligations; provided, that if no First Lien Claimholder offers to provide DIP Financing acceptable to the Company to the extent permitted under this Section 6.1 on or before the petition date, then a Second Lien Claimholder may seek to provide such DIP Financing secured by Liens pari passu or senior in priority to the claims securing any First Lien Obligations, subject to consent of the First Lien Claimholders (which shall not be unreasonably withheld). Notwithstanding anything herein to the contrary, (i) one or more Second Lien Claimholders may propose, or support any other Person in proposing DIP Financing to the Company or any other Grantor secured by Liens junior in priority to the Liens securing any First Lien Obligations and (ii) the Second Lien Collateral Agent, on behalf of itself and the other Second Lien Claimholders, solely in their capacity as unsecured creditors and not as secured creditors of any Grantor, may ...
Finance Matters