Common use of Financial Wherewithal Clause in Contracts

Financial Wherewithal. Buyer represents that upon Closing, and after giving effect to the consummation of the transactions contemplated hereby and the incurrence of any indebtedness in connection therewith, Buyer will have the financial ability and will have sufficient working capital for its needs and reasonably anticipated needs to operate the System as a certificated public utility system regulated by the PaPUC authorized, among things, to provide wastewater utility services to residential, commercial, industrial, and municipal customers of the System.

Appears in 1 contract

Samples: Asset Purchase Agreement

AutoNDA by SimpleDocs

Financial Wherewithal. Buyer represents that upon β€Œβ€Œ Upon Closing, and after giving effect to the consummation of the transactions contemplated hereby and the incurrence of any indebtedness in connection therewith, Buyer will shall have the financial ability and will have sufficient working capital for its needs and reasonably anticipated needs to operate the System as a certificated public utility system regulated by the PaPUC PaPUC, authorized, among things, to provide wastewater utility services to retail residential, commercial, industrial, commercial and municipal industrial customers of in the System.

Appears in 1 contract

Samples: Sanitary Sewer Asset Purchase Agreement

Financial Wherewithal. Buyer represents that upon Closing, and after giving effect to the consummation of the transactions contemplated hereby and the incurrence of any indebtedness in connection therewith, Buyer will have the financial ability and will have sufficient working capital for its needs and reasonably anticipated needs to operate the System [as a certificated public utility system regulated by the PaPUC PaPUC/municipal authority]6, authorized, among things, to provide wastewater utility services to retail residential, commercial, industrial, commercial and municipal industrial customers of in the System.

Appears in 1 contract

Samples: Asset Purchase Agreement

AutoNDA by SimpleDocs

Financial Wherewithal. Buyer represents that upon Closing, and after giving effect to the consummation of the transactions contemplated hereby and the incurrence of any indebtedness in connection therewith, Buyer will have the financial ability and will have sufficient working capital for its needs and reasonably anticipated needs to operate the System as a certificated public utility system regulated by the PaPUC authorized, among things, to provide wastewater utility services to retail residential, commercial, industrial, public and municipal industrial customers of in the System.

Appears in 1 contract

Samples: Asset Purchase Agreement

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