Common use of Financing Source of Funds Clause in Contracts

Financing Source of Funds. Buyer has (and Xxxxx will have as of the Closing Date) immediately available to it sufficient unrestricted funds and credit capacity to consummate the Transactions and to satisfy all of Buyer’s obligations under this Agreement as of the Closing Date, including the payment of the Adjusted Purchase Price, and all related fees and expenses. No funds to be paid to Seller by Xxxxx will have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering laws of the United States.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Dayton Power & Light Co), Purchase and Sale Agreement (Dayton Power & Light Co)

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Financing Source of Funds. Buyer has (and Xxxxx will have as of the each Closing Date) immediately available to it sufficient unrestricted funds and credit capacity to consummate the Transactions and to satisfy all of Buyer’s obligations under this Agreement as of the each Closing Date, including the payment of the Adjusted Shares Purchase PricePrice at each Closing, and all related fees and expenses. No funds to be paid to Seller IPALCO by Xxxxx Buyer will have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering laws of the United States.

Appears in 1 contract

Samples: Subscription Agreement

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Financing Source of Funds. Buyer has (and Xxxxx Buyer will have as of the each Closing Date) immediately available to it sufficient unrestricted funds and credit capacity to consummate the Transactions and to satisfy all of Buyer’s obligations under this Agreement as of the each Closing Date, including the payment of the Adjusted Shares Purchase PricePrice at each Closing, and all related fees and expenses. No funds to be paid to Seller IPALCO by Xxxxx Buyer will have been derived from, or constitute, either directly or indirectly, the proceeds of any criminal activity under the anti-money laundering laws of the United States.

Appears in 1 contract

Samples: Subscription Agreement (Ipalco Enterprises, Inc.)

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