Financing of the Transaction. Buyer has the necessary financial resources to pay the Purchase price and the sources of such funds is and shall be lawful and duly reported. The Buyer undertakes to comply with applicable legal rules in order to pay to Sellers within the terms and using the currency agreed upon. SECTION FOUR
Financing of the Transaction. In connection with the financing of the cash consideration payable under the terms of the Transaction (including the cash consideration payable in respect of the Full Cash Alternative) and the refinancing of its existing banking facilities, CareTech has entered into new banking facilities with Lloyds Bank plc and National Westminster Bank Plc as mandated lead arrangers and with Lloyds Bank plc and NatWest Markets plc as bookrunners and underwriters. The facilities provide committed financing by way of term loans of between 3.5 to 5 years of approximately £334 million and, in addition, a short term bridge loan of approximately £80 million to facilitate cash confirmation ahead of utilising Cambian’s significant net cash position, which will be repayable shortly following Completion. A £25 million revolving credit facility will also be available. In the medium term, CareTech remains committed to maintaining leverage at between approximately 3-4x net debt to EBITDA. Jefferies, as financial adviser to CareTech, is satisfied that sufficient resources are available to CareTech to enable it to satisfy in full the cash consideration payable to Cambian Shareholders under the terms of the Transaction. Further information on the financing of the Transaction will be set out in the Scheme Document.
Financing of the Transaction. Xxxxx’x intends to finance the Cash Consideration payable to City Pubs Shareholders pursuant to the Transaction from new third party debt. Xxxxx’x entered into a new £130 million loan facilities agreement with Barclays Bank plc, HSBC UK Bank Plc and National Westminster Bank Plc on 16 November 2023 in connection with the financing of the Cash Consideration payable to City Pubs Shareholders pursuant to the Transaction. X.X. Xxxxxx Xxxxxxxx, in its capacity as sole financial adviser to Young’s, is satisfied that sufficient cash resources are available to Young’s to satisfy in full the Cash Consideration payable to the City Pubs Shareholders pursuant to the Transaction. Further information on the financing of the Transaction will be set out in the Scheme Document.
Financing of the Transaction. XXXXXXXX ENERGÍA hereby confirms that prior to signing this Agreement, it has obtained from certain internationally-regarded financial institutions an irrevocable commitment to finance the Transaction, under terms customary for this type of transaction. REPSOL YPF states that it will finance up to U.S.$1.015 billion by issuing a vendor’s loan to supplement the bank financing.
Financing of the Transaction. (a) Geokinetics shall use its reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable to arrange and consummate the Financing on or prior to the Closing Date.
Financing of the Transaction. (a) The Purchasers represent and warrant that (i) the Purchaser Parent has obtained commitments for all necessary debt financings (the Financing Commitments), the proceeds of which, together with cash on hand and funds available to the Purchaser Parent and the Purchasers under the revolving loan facility under the Purchasers Group’s senior secured credit facility, will be sufficient to fulfill the Purchasers’ obligations to make the Completion Payments in accordance with the terms and conditions set out hereunder, (ii) the obligations of the lenders to fund the Financing Commitments are not subject to any conditions other than as expressly set forth in such Financing Commitments, and (iii) the Purchasers will do such things and take such actions as necessary to ensure that all Completion Payments are paid on the Completion Date.
Financing of the Transaction. The Buyer confirms that it has access to debt and equity financing in an amount sufficient to pay the Consideration when due under the SPA and that its obligations, if the Put Option is exercised, pursuant to the SPA are not conditional on the availability and/or drawing of such financing.
Financing of the Transaction. The Buyer will have immediately available on an unconditional basis on Completion the necessary cash resources to meet its obligations under the Share Sale Agreement and the Transaction Documents.
Financing of the Transaction. We confirm that we have all available funding or other access to debt and equity financing in an amount sufficient to pay the Purchase Price and that our obligations pursuant to this agreement and, if the Put Option is exercised, pursuant to the French Asset Purchase Agreement, are not subject to the availability and/or drawing of such financing.
Financing of the Transaction. 37 10. Certain United States Federal Income Tax Consequences... 41 11.
