Common use of Financial Capability Clause in Contracts

Financial Capability. Parent has or will have, and will cause Merger Sub to have, prior to the Effective Time, sufficient funds to pay the aggregate Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 8 contracts

Samples: Merger Agreement (Houston Wire & Cable CO), Merger Agreement (Torotel Inc), Merger Agreement (Torotel Inc)

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Financial Capability. Parent has or will havethe financial capacity to perform its obligations under this Agreement and to cause Merger Sub to perform its obligations under this Agreement. Parent has, and will cause Merger Sub to have, prior to the Effective Time, sufficient funds to pay the aggregate Merger Consideration contemplated Consideration, to pay all other amounts payable by Parent or Merger Sub under this Agreement (including pursuant to Section 1.08) and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (FOHG Holdings, LLC), Merger Agreement (Frederick's of Hollywood Group Inc /Ny/)

Financial Capability. Parent has or will have, and will cause Merger Sub to have, prior to at the Effective Time, sufficient funds to pay the aggregate Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Sigma Designs Inc), Merger Agreement (Silicon Laboratories Inc)

Financial Capability. Parent has or will havehas access to, and will cause Merger Sub to have, prior to the Effective Time, sufficient funds to pay the aggregate Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Ebix Inc), Merger Agreement (Adam Inc)

Financial Capability. Parent has or will have, and will cause Merger Sub to have, on or prior to the Effective TimeClosing Date, funds that are, together with any funds obtained pursuant to the Debt Financing, sufficient funds to pay the aggregate Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (SPAR Group, Inc.), Merger Agreement (SPAR Group, Inc.)

Financial Capability. Parent has or will have, and will cause Merger Sub to have, prior to the Effective Time, sufficient funds authorized but unissued shares of Parent Common Stock to pay the aggregate Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Real Goods Solar, Inc.), Merger Agreement (Real Goods Solar, Inc.)

Financial Capability. Parent has or will have, and will cause Merger Sub to have, prior to the Effective Time, sufficient funds to pay the aggregate Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Xxxxxx Sub contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement, Merger Agreement

Financial Capability. Parent has or will have, and will cause Merger Sub to have, at the Offer Closing and prior to the Effective Time, sufficient funds to pay the aggregate Offer Price and the Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Randstad North America, L.P.), Merger Agreement (SFN Group Inc.)

Financial Capability. Parent has or will havethe financial capacity to perform its obligations under this Agreement and to cause Merger Sub to perform its obligations under this Agreement. Parent has, and will cause Merger Sub to have, prior to the Effective Time, sufficient funds to pay the aggregate Merger Consideration, the aggregate Option Consideration and the aggregate Incentive Bonuses contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this AgreementAgreement (including, without limitation, the obligations in Section 6.15).

Appears in 1 contract

Samples: Merger Agreement (Clark Holdings Inc.)

Financial Capability. Parent has or will have, and will cause Merger Sub to have, at the Offer Closing and prior to the Effective Time, sufficient funds to pay the aggregate Offer Price and the Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Computer Software Innovations, Inc.)

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Financial Capability. Parent has or will havehas, and will cause Merger Sub to have, prior to the Effective Time, sufficient funds to pay the aggregate Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Uqm Technologies Inc)

Financial Capability. Parent has or currently has, and will have, have (and will cause Merger Sub to have, ) immediately prior to the Effective Time, sufficient funds to pay the aggregate Merger Share Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement. Parent’s and Merger Sub’s obligations hereunder are not subject to a condition regarding Parent’s or Merger Sub’s receipt of funds to consummate the Merger and the other transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Hewlett Packard Co)

Financial Capability. Parent has or will have, and will cause Merger Sub to have, at the Offer Closing and at or prior to the Effective Time, sufficient funds to pay the aggregate Offer Price and the Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Pfsweb Inc)

Financial Capability. Parent has or will have, and will cause Merger Sub to have, prior to at or before the Effective Expiration Time, sufficient funds to pay the aggregate Offer Prices and the Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement, in each case, contemplating a Closing Date on or before December 31, 2021.

Appears in 1 contract

Samples: Merger Agreement (Dover Motorsports Inc)

Financial Capability. Parent has the financial capacity to perform its obligations under this Agreement and to cause Merger Sub to perform its obligations under this Agreement. Parent has or will have, and will cause Merger Sub to have, prior to the Effective Time, sufficient funds to pay the aggregate Merger Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Neoware Inc)

Financial Capability. Parent has or currently has, and will have, have (and will cause Merger Sub to have, ) immediately prior to the Effective Time, sufficient funds to pay the aggregate Merger Share Consideration contemplated by this Agreement and to perform the other obligations of Parent and Merger Sub contemplated 36 Table of Contents by this Agreement. Parent’s and Merger Sub’s obligations hereunder are not subject to a condition regarding Parent’s or Merger Sub’s receipt of funds to consummate the Merger and the other transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (3com Corp)

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