Funding Before Financial Closing Sample Clauses

Funding Before Financial Closing. (a) Following the Equity Rebalancing Period until the date on which the conditions to initial disbursement of the Project Debt under the Project Financing Agreements have been fulfilled (the “Financial Closing Date”), the Founding Shareholders intend to fund all expenditures of the Company authorized by the Approved Operating Plan by loans to be provided by banks or other financial institutions (each a “Bridge Loan”). Each Founding Shareholder shall procure the provision of several (and neither joint nor joint and several) guarantees in respect of the Bridge Loans proportionate to its Ownership Interest from its Parent Company [***].
Sample 1
AutoNDA by SimpleDocs
Funding Before Financial Closing. (a) Following [***] until the date on which the conditions to initial disbursement of the Project Debt under the Project Financing Agreements have been fulfilled (the “Financial Closing Date”), the Founding Shareholders intend to fund all expenditures of the Company authorized by the Approved Operating Plan by loans to be provided by banks or other financial institutions (each a “Bridge Loan”). Each Founding Shareholder shall procure the provision of several (and neither joint nor joint and several) guarantees in respect of the Bridge Loans proportionate to its Ownership Interest from its Parent Company [***]. [***]
Sample 1
Funding Before Financial Closing. (a) Following the Equity Rebalancing Period until the date on which the conditions to initial disbursement of the Project Debt under the Project Financing Agreements have been fulfilled (the “Financial Closing Date”), the Founding Shareholders intend to fund all expenditures of the Company authorized by the Approved Operating Plan by loans to be provided by banks or other financial institutions (each a “Bridge Loan”). Each Founding Shareholder shall procure the provision of several (and neither joint nor joint and several) guarantees in respect of the Bridge Loans proportionate to its Ownership Interest from its Parent Company [***]. (b) If all Bridge Loans are fully utilized prior to the Financial Closing Date and the Board has requested that the Founding Shareholders make available additional funds in order to implement the Approved Operating Plan until the Financial Closing Date, then, the Founding Shareholders shall, subject to Section 6.4(c), if the Company is unable to obtain financing from another source on acceptable terms, provide such funds to the Company in proportion to their respective Ownership Interests in accordance with Section 6.5(a) (Additional Shareholder Funding). (c) A Founding Shareholder shall only be required to provide any funds pursuant to Section 6.4(b) if it is satisfied that the Financial Closing Date is reasonably imminent and that the ratio of:
Sample 1

Related to Funding Before Financial Closing

  • The First Closing Date Delivery of certificates for the Firm Shares to be purchased by the Underwriters and payment therefor shall be made at the offices of Xxxxxxxxx & Xxxxxxx LLP (or such other place as may be agreed to by the Company and the Representatives) at 9:00 a.m. New York City time, on [•], or such other time and date not later than 1:30 p.m. New York City time, on [•] as the Representatives shall designate by notice to the Company (the time and date of such closing are called the “First Closing Date”). The Company hereby acknowledges that circumstances under which the Representatives may provide notice to postpone the First Closing Date as originally scheduled include, but are not limited to, any determination by the Company or the Representatives to recirculate to the public copies of an amended or supplemented Prospectus or a delay as contemplated by the provisions of Section 11.

  • First Closing The First Closing shall have occurred.

  • Conditions to Closing of the Company The Company’s obligation to sell the Securities at the Closing is subject to the fulfillment to its satisfaction on or prior to the Closing Date of each of the following conditions:

  • Closing; Closing Date Closing" and "Closing Date" have the meanings set forth in Section 5.3.

  • Conditions to Closing Date This Agreement shall become effective upon, and the obligation of each Lender to make the initial Extensions of Credit on the Closing Date is subject to, the satisfaction of the following conditions precedent:

  • Initial Closing Date The obligation of each Buyer hereunder to purchase the Initial Preferred Shares at the Initial Closing is subject to the satisfaction, at or before the Initial Closing Date, of each of the following conditions, provided that these conditions are for each Buyer's sole benefit and may be waived by such Buyer at any time in its sole discretion:

  • Conditions to Closing of the Investors Each Investor’s obligations at the Closing are subject to the fulfillment, on or prior to the Closing Date, of all of the following conditions, any of which may be waived in whole or in part by all of the Investors:

  • Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions:

  • Transactions at the Closing At the Closing, the following transactions shall occur, which transactions shall be deemed to take place simultaneously and no transaction shall be deemed to have been completed or any document delivered until all such transactions have been completed and all required documents delivered:

  • CLOSING AND CLOSING DATE 3.1. The Closing Date shall be December 3, 2005, or such other date as the parties may agree. All acts taking place at the Closing shall be deemed to take place simultaneously as of immediately after the close of business on the Closing Date unless otherwise agreed to by the parties. The close of business on the Closing Date shall be as of 4:00p.m.,

Time is Money Join Law Insider Premium to draft better contracts faster.