Financial Ability to Close Clause Samples
The 'Financial Ability to Close' clause establishes that a party, typically the buyer in a transaction, has the necessary financial resources to complete the purchase as agreed. This clause may require the buyer to provide evidence of funds, such as bank statements or loan commitments, and can set deadlines for demonstrating this capability. Its core function is to assure the seller that the buyer is financially capable of fulfilling their obligations, thereby reducing the risk of failed transactions due to lack of funds.
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Financial Ability to Close. At the Closing, Purchaser will have sufficient cash available to pay the Purchase Price in accordance with this Agreement. Purchaser hereby acknowledges and agrees that the receipt of any financing shall not be a condition precedent to Purchaser’s obligations to purchase the Acquired Interests in accordance with this Agreement.
Financial Ability to Close. Purchaser specifically represents and warrants to Sellers that Purchaser at Closing will have the financial ability to perform its obligations under this Agreement. Furthermore, Purchaser specifically agrees with Sellers that the obligation of Purchaser to consummate the transactions contemplated hereby is not subject to any financing contingency.
Financial Ability to Close. At Closing, the Buyer will have the financial ability to perform its obligations under this Agreement and the other Transaction Documents.
Financial Ability to Close. Purchaser has sufficient funds in cash or from existing available borrowing capacity in an amount equal to the Cash Purchase Price presently available and will at the Closing have immediately available funds in cash or from existing available borrowing capacity which are sufficient to pay the Cash Purchase Price and to pay any other amounts payable by Purchaser pursuant to this Agreement and to consummate the transactions contemplated by this Agreement. Purchaser has provided Sellers with evidence of the availability of such funds.
Financial Ability to Close. Acquiror has and at Closing will continue to have the financial ability to perform its obligations under this Agreement.
Financial Ability to Close. Each of PriCellular and Purchaser presently has, and at Closing will have, the financial ability to perform its respective obligations under this Agreement.
Financial Ability to Close. Each of Parent and Buyer has, and at Closing will have, the financial ability to perform its respective obligations under this Agreement.
Financial Ability to Close. The Buyer has sufficient funds to close the transactions contemplated by this Agreement at the Closing.
Financial Ability to Close. Acquiror has, and will have at the Closing Date, the financial ability to pay the Merger Consideration and otherwise complete the transactions contemplated by this Agreement.
Financial Ability to Close. Tyler has, and at Closing shall have, the financial ability to perform its obligations under this Agreement.