PLAN OF FINANCING. It is estimated that the total funds required to pay the aggregate Cash Consideration to be paid to stockholders of NHL in the Merger will be approximately $474,700,000. This amount will be financed from three sources:
PLAN OF FINANCING. Prior to the mailing of the Proxy Statement to PSI's shareholders, Parent shall have received and presented to PSI's Board of Directors a copy of a bona fide written third-party proposal for financing the Surviving Corporation for at least 12 months following the Merger, and PSI's Board of Directors shall be reasonably satisfied that the proposal is attainable. If, within 5 business days of its receipt of such proposal, PSI's Board of Directors does not object to the mailing of the Proxy Statement on the grounds that it has not received the proposal or is not reasonably satisfied that it is attainable, Parent shall be deemed to have presented a satisfactory plan of financing and PSI shall not thereafter have any rights under this Section 8.11.
PLAN OF FINANCING. This Indenture shall constitute a plan of financing within the meaning and for all purposes of Section 11-14-14(3), Utah Code Annotated 1953, as amended.
PLAN OF FINANCING. The Borrower is requesting that the Authority grant final approval to the issuance of its Lease Revenue Bonds in an aggregate principal amount not-to-exceed $125,000,000 for the purposes formerly stated and preliminarily approved by the Board. The Bonds are expected to be given an investment grade rating by one or more national rating agencies and sold through a public offering conducted by Xxxxxx Xxxxxxx. The terms, maturities, provisions for redemption, security, and sources of payment for the Bonds are currently being negotiated. Subject to the Lease Revenue Bonds (Xxxx/Xxxxxx Rehabilitation Facility Project), Series 2024 Page 2 Board’s final approval, followed by Phoenix City Council approval on September 4, 2024, the Borrower expects the sale of the Bonds to be completed later this calendar year.
