FINANCING OF PARENT Sample Clauses

FINANCING OF PARENT. Parent shall have received or have a legally binding commitment to receive, not less than an aggregate of $6,500,000 of equity capital or debt financing, or a combination thereof.
Sample 1
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FINANCING OF PARENT. There is no requirement of any funding of the future operations of the Parent or the Company in connection with the transactions contemplated by this Agreement. Additionally, the Parent and Company hereby releases Xxxxxx Xxxxxx Xxxxxx from all of his obligations under that certain investment agreement with the Parent to purchase two million shares and warrants to purchase three million shares of common stock of the Parent, dated as of July 15, 2013, as amended to correct the pricing thereof, and the Parent and Company each agrees not to pursue any action against Xx. Xxxxxx in respect of such agreement. It is agreed by the parties to the Merger Agreement that Xx. Xxxxxx may rely on this general release and agreement not to pursue any action as a third party beneficiary hereof. ”
Sample 1

Related to FINANCING OF PARENT

  • REPRESENTATIONS AND WARRANTIES OF PARENT AND ACQUISITION Parent and Acquisition hereby represent and warrant to the Company as follows:

  • REPRESENTATIONS AND WARRANTIES OF PARENT AND ACQUISITION SUB Parent and Acquisition Sub represent and warrant to the Company as follows:

  • REPRESENTATIONS AND WARRANTIES OF PARENT AND ACQUISITION CORP Parent and Acquisition Corp. hereby represent and warrant to the Company as follows:

  • REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUBSIDIARY Parent and Merger Subsidiary represent and warrant to the Company as follows:

  • Reaffirmation of Credit Agreement This Amendment shall be deemed to be an amendment to the Credit Agreement, and the Credit Agreement, as amended hereby, is hereby ratified, approved and confirmed in each and every respect. All references to the Credit Agreement herein and in any other document, instrument, agreement or writing shall hereafter be deemed to refer to the Credit Agreement as amended hereby.

  • Amendment of Credit Agreement The Credit Agreement is hereby amended as follows:

  • Ratification of Credit Agreement Each Loan Party acknowledges and consents to the terms set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents, as amended hereby. This Amendment is a Loan Document.

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF PARENT AND MERGER SUB The obligations of Parent and Merger Sub to effect the Merger and otherwise consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing, of each of the following conditions:

  • 01 of the Credit Agreement Section 1.01 of the Credit Agreement is hereby amended as follows:

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

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