Financing Commitment Letters Sample Clauses
A Financing Commitment Letters clause outlines the requirement for a party, typically the buyer in a transaction, to obtain and provide evidence of a binding commitment from a lender to finance the deal. This clause specifies the timeline for securing the commitment letter, the necessary terms it must include, and the party's obligations to maintain the financing through closing. By formalizing the process and expectations around financing, the clause ensures that the transaction is not delayed or jeopardized due to lack of funds, thereby allocating risk and providing assurance to the seller that the buyer has the financial means to complete the purchase.
POPULAR SAMPLE Copied 1 times
Financing Commitment Letters. The financing commitment letters previously delivered by the Company to Nortel Networks are true and correct, have not been amended or rescinded as of the date hereof, and the Company has no reason to believe that it would not be able to close on the financing referenced in such commitment letters on the terms set forth therein. Such commitment letters are attached as Exhibit A.
Financing Commitment Letters. Attached hereto as Exhibit D is the commitment letter delivered to Buyer for the proposed debt financing of the transactions contemplated hereby, which letter is in full force and effect and has not been amended or rescinded. Buyer has an equity commitment for the financing of the transactions contemplated hereby as reflected in the letter attached hereto as Exhibit E, which equity commitment letter is in full force and effect and has not been amended or rescinded.
Financing Commitment Letters. (a) As of the date hereof, Parent has delivered to the Company (i) true, correct and complete copies of fully executed equity commitment letters dated as of the date hereof, together with all schedules, exhibits, annexes and term sheets attached thereto (the “Equity Commitment Letters”), from the parties thereto (collectively, the “Equity Commitment Parties”), pursuant to which the Equity Commitment Parties have committed, subject to the terms and conditions thereof, to invest in Parent, directly or indirectly, the amounts set forth therein for the purpose of consummating the Merger (such financing, the “Equity Financing”) and (ii) a true, correct and complete copy of a fully executed debt commitment letter dated as of the date hereof, together with all schedules, exhibits, annexes and term sheets attached thereto (the “Debt Commitment Letter”, and together with the Equity Commitment Letters, the “Commitment Letters”), from the party thereto (the “Debt Commitment Party”, and together with the Equity Commitment Parties, the “Commitment Parties”), pursuant to which the Debt Commitment Party has committed, subject to the terms and conditions thereof, to purchase notes from Parent, directly or indirectly, in the amount set forth therein for the purpose of consummating the Merger (such financing, the “Debt Financing”, and together with the Equity Financing, the “Financing”). As of the date of this Agreement, the Commitment Letters in the form delivered to the Company have not been amended or modified, no such amendments or modifications are contemplated by Parent and Merger Sub or, to the Knowledge of Parent and Merger Sub, any of the other parties thereto, and none of the obligations and commitments contained in such Commitment Letters have been withdrawn, terminated or rescinded in any respect and no such withdrawal, termination or rescission is contemplated by Parent and Merger Sub or, to the Knowledge of Parent and Merger Sub, any of the other parties thereto. Assuming the Financing is funded in accordance with the Commitment Letters, the Rollover is consummated in accordance with the Rollover Agreements, and the satisfaction of the conditions set forth in Article VI, the funding of the commitments contemplated by the Commitment Letters, along with the Company’s Cash on Hand at the Closing and the Rollover contemplated by the Rollover Agreements, will, in the aggregate, be sufficient for Parent and Merger Sub to pay the aggregate Merger Consideration and an...
Financing Commitment Letters. Parent is in receipt of, and a party to, that certain financing commitment letter, dated as of the date hereof, from Golden Gate Private Equity, Inc. and that certain financing commitment letter, dated as of the date hereof, from Cerberus Capital Management, L.P., and such financing commitment letters are in full force and effect and have not been amended or modified.
Financing Commitment Letters. TPTG shall have provide to the Sellers, within 60 days of the Effective Date, financing commitment letters or other evidence reasonably satisfactory to the Sellers in their sole discretion, of the ability of TPTG to close the Transaction, including making the Cash Consideration payments specified in Section 1.02(b) on or before the Closing Date.
Financing Commitment Letters. Heritage has provided to ▇▇▇▇▇▇▇ ---------------------------- copies of the financing commitment letters, attached as Exhibit B hereto, --------- including any exhibits, schedules or amendments thereto (the "Financing --------- Letters"
Financing Commitment Letters. The Purchasers shall keep the Sellers informed on a reasonably current basis in reasonable detail of the status of its efforts to arrange and consummate the Financing.