Common use of Standby Funding Commitment Clause in Contracts

Standby Funding Commitment. On or before the filing of -------------------------- the Registration Statement, Greenwich shall have received: (a) from Salomon or another recognized investment banking firm or financial institution, a standby funding commitment in form and content customary in transactions of such type, to provide the Greenwich Companies and the UNC Companies with a sufficient amount of debt financing which shall enable the Greenwich Companies and UNC Companies on or after the Effective Time to fund any mandatory redemption payments required to be made under the UNC Notes, resulting from the "Change in Control" provisions of the Indentures under which such UNC Notes were issued; and/or (b) written waivers of such "Change of Control" provisions from any or all holders of such UNC Notes.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Unc Inc)

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Standby Funding Commitment. On or before the filing of -------------------------- the Registration Statement, Greenwich shall have receivedprovided UNC with: (a) a standby funding commitment from Salomon or another recognized investment banking firm or financial institution, a standby funding commitment in form and content customary in transactions of such type, to provide the Greenwich Companies and the UNC Companies with a sufficient amount of debt financing which shall enable the Greenwich Companies and UNC Companies on or after the Effective Time to fund any mandatory redemption payments required to be made under the UNC Notes, resulting from the "Change in Control" provisions of the Indentures under which such UNC Notes were issued; and/or (b) written waivers of such "Change of in Control" provisions from any or all holders of such UNC Notes.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Unc Inc)

Standby Funding Commitment. On or before the filing of -------------------------- the Registration Statement, Greenwich shall have received: (a) from Salomon or another recognized investment banking firm or financial institution, a standby funding commitment in form and content customary in transactions of such type, to provide the Greenwich Companies and the UNC Companies with a sufficient amount of debt financing which shall enable the Greenwich Companies and UNC Companies on or after the Effective Time to fund any mandatory redemption payments required to be made under the UNC Notes, resulting from the "Change in Control" provisions of the Indentures under which such UNC Notes were issued; and/or (b) written waivers of such "Change of Control" provisions from any or all holders of such UNC Notes.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Greenwich Air Services Inc)

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Standby Funding Commitment. On or before the filing of -------------------------- the Registration Statement, Greenwich shall have receivedprovided UNC with: (a) a standby funding commitment from Salomon or another recognized investment banking firm or financial institution, a standby funding commitment in form and content customary in transactions of such type, to provide the Greenwich Companies and the UNC Companies with a sufficient amount of debt financing which shall enable the Greenwich Companies and UNC Companies on or after the Effective Time to fund any mandatory redemption payments required to be made under the UNC Notes, resulting from the "Change in Control" provisions of the Indentures under which such UNC Notes were issued; and/or (b) written waivers of such "Change of in Control" provisions from any or all holders of such UNC Notes.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Greenwich Air Services Inc)

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