Financing Notice Clause Samples
A Financing Notice clause sets out the requirements and procedures for one party to notify the other about the arrangement or receipt of financing related to the agreement. Typically, this clause specifies the form, timing, and content of the notice, such as requiring written notification within a certain number of days after securing a loan or other financial arrangement. Its core practical function is to ensure transparency and keep all parties informed about significant financial developments that may affect the agreement, thereby reducing the risk of misunderstandings or disputes.
Financing Notice. Party A hereby shall agree that Party B has the rights to determine a reasonable rate and penalty in accordance with Party A’s relevant regulations, internal rules as well as the agreement Party A and the paying agent, and shall agree that the interest rate regulated in the Import Paying Service Financing Notice is appropriate for the financing under this Contract.
Financing Notice. If the Company receives no such notice from a Purchaser as of such fifth (5th) Trading Day, such Purchaser shall be deemed to have notified the Company that it does not elect to participate.
Financing Notice. If in the Financing Notice Buyer informs Seller that the Financing Contingency has not been waived and/or satisfied, this Agreement shall automatically terminate and be null, void and of no further force and effect as of the date of the delivery of the Financing Notice to Seller and Escrow Holder, and the Deposit shall be returned to Buyer.
Financing Notice. Upon the request of a Purchaser, and only upon a request by such Purchaser, for a Subsequent Financing Notice, the Company shall promptly, but no later than one (1) Trading Day after such request, deliver a Subsequent Financing Notice to such Purchaser. The Subsequent Financing Notice shall describe in reasonable detail the proposed terms of such Subsequent Financing, the amount of proceeds intended to be raised thereunder and the Person or Persons through or with whom such Subsequent Financing is proposed to be effected and shall include a term sheet or similar document relating thereto as an attachment.
Financing Notice. If Buyer delivers the Financing Notice to Seller and Escrow Holder prior to the end of the Financing Contingency Period, Seller shall have the right, for a period of ten (10) days subsequent to Seller's receipt of the Financing Notice, to terminate the Additional Discretionary Sale, in the sole and absolute discretion of Seller, if Buyer does not waive in the Financing Notice the Financing Contingency with respect to those Retained Residential Lots subject to the Offer with a minimum aggregate Residential Lot Purchase Price equal to the greater of ninety percent (90%) of the Additional DS Purchase Price, or the Additional DS Purchase Price less TWO MILLION DOLLARS ($2,000,000.00) (the "Additional DS Minimum"). Notwithstanding any reduction of the Additional DS Purchase Price pursuant to Section 4.2 below, the Additional DS Purchase Price shall not be reduced for purposes of calculating the Additional DS Minimum pursuant to this Section 4.1. For example, if the Additional DS Purchase Price is in the amount of TWENTY MILLION DOLLARS ($20,000,000.00), Buyer, pursuant to both of the foregoing formulas, would have to waive the Financing Contingency with respect to Retained Residential Lots subject to the Offer with an aggregate Residential Lot Purchase Price in a minimum amount of EIGHTEEN MILLION DOLLARS ($18,000,000.00), or Seller would have the right to terminate the Additional Discretionary Sale. Additionally, if the Additional DS Purchase Price is THIRTY MILLION DOLLARS ($30,000,000.00), Buyer would have to waive the Financing Contingency with respect to Retained Residential Lots subject to the Offer with an aggregate Residential Lot Purchase Price in the minimum amount of TWENTY-EIGHT MILLION DOLLARS ($28,000,000.00), or Seller would have the right to terminate the Additional Discretionary Sale. If in the Financing Notice Buyer waives the Financing Contingency with respect to Retained Residential Lots with an aggregate Residential Lot Purchase Price that equals or exceeds the Additional DS Minimum (the "Revised Additional DS Purchase Price"), Seller shall not have the right to terminate the Additional Discretionary Sale. If in the Financing Notice Buyer does not waive the Financing Contingency with respect to the Retained Residential Lots with an aggregate Residential Lot Purchase Price that equals or exceeds the Additional DS Minimum, and Seller does not elect to terminate the Additional Discretionary Sale in the manner provided in this Section 4.1, the ...
Financing Notice. If Landlord fails to deliver such Phase 2 Preliminary Budget within the stated time frame, Tenant’s sole remedy (notwithstanding any provision herein to the contrary) shall be to terminate Landlord’s right to develop Phase 2 by delivering written notice thereof to Landlord at any time prior to Landlord’s delivery of the Phase 2 Preliminary Budget. Landlord and Tenant shall use commercially reasonable efforts to agree on the final budget for Phase 2 within sixty (60) days after Landlord’s delivery to Tenant of the Phase 2 Preliminary Budget (the “Outside Phase 2 Final Budget Date”). If the parties cannot agree on a final budget for Phase 2 by the Outside Phase 2 Final Budget Date, or if Landlord has not satisfied or waived the conditions set forth in Section 13.3(a)(ii) or Section 13.3(a)(ii) by the Outside Phase 2 Final Budget Date, then either party may terminate the Phase 2 Lease by written notice to the other party.
Financing Notice. If the Company receives no notice from a Purchaser as of such 5th Trading Day, such Purchaser shall be deemed to have notified the Company that it does not elect to participate. The Company must provide the Purchasers with a second Subsequent Financing Notice, and the Purchasers will again have the right of participation set forth above in this Section 4.13, if the Subsequent Financing subject to the initial Subsequent Financing Notice is not consummated for any reason on the terms set forth in such Subsequent Financing Notice within 60 Trading Days after the date of the initial Subsequent Financing Notice. In the event the Company receives responses to Subsequent Financing Notices from Purchasers seeking to purchase more than the aggregate amount of the Subsequent Financing, each such Purchaser shall have the right to purchase their Pro Rata Portion (as defined below) of the Participation Maximum. "PRO RATA PORTION" is the ratio of (x) the Subscription Amount of Securities purchased by a participating Purchaser and (y) the sum of the aggregate Subscription Amount of all participating Purchasers. Notwithstanding the foregoing, this Section 4.13 shall not apply in respect of an Exempt Issuance.
Financing Notice. If the Investor shall fail to notify the Company of its intention to enter into such negotiations within such time period, the Company may effect the Subsequent Financing substantially upon the terms and to the Persons (or Affiliates of such Persons) set forth in the Subsequent Financing Notice; provided, that the Company shall provide the Investor with a second Subsequent Financing Notice, and the Investor shall again have the right of first refusal set forth above in this Section 6.13 (a), if the Subsequent Financing subject to the initial Subsequent Financing Notice shall not have been consummated for any reason on the terms set forth in such Subsequent Financing Notice within sixty (60) Trading Days after the date of the initial Subsequent Financing Notice with the Person (or an Affiliate of such Person) identified in the Subsequent Financing Notice.
Financing Notice. Alberto-Culver shall have been advised, in a manner reasonably acceptable to Alberto-Culver, by (x) Investor and the Lead Agent and Underwriters with respect to the Debt Financing, that all conditions to closing of the Debt Financing have been satisfied and that the Lead Agent and Underwriters with respect to the Debt Financing are prepared to close the Debt Financing and (y) Investor and the Equity Fund, that all conditions to the closing of the Equity Financing have been satisfied and Investor and the Equity Fund with respect to the Equity Financing are prepared to close the Equity Financing.