Common use of Sufficiency of Funds Clause in Contracts

Sufficiency of Funds. Buyer: (i) has sufficient funds available to pay the Purchase Price and any expenses incurred by Buyer in connection with the transactions contemplated by this Agreement or the Collateral Agreements; (ii) has the resources and capabilities (financial or otherwise) to perform its obligations hereunder and under the Collateral Agreements; and (iii) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would impair or adversely affect its ability to perform its obligations hereunder and under the Collateral Agreements.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (NetApp, Inc.), Asset Purchase Agreement (Lsi Corp)

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Sufficiency of Funds. Buyer: Buyer (i) has sufficient funds available to pay the Purchase Price and any expenses incurred by Buyer in connection with the transactions contemplated by this Agreement or the Collateral Agreements; (ii) has the resources and capabilities (financial or otherwise) to perform its obligations hereunder and under the Collateral Agreements; and (iii) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would impair or adversely affect its ability to perform its obligations hereunder such resources and under the Collateral Agreementscapabilities.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Triquint Semiconductor Inc), Asset Purchase Agreement (Lsi Corp)

Sufficiency of Funds. Buyer: Buyer (i) has sufficient funds available to pay the Purchase Price and any expenses incurred by Buyer in connection with the transactions contemplated by this Agreement or the Collateral Agreements; (ii) has the resources and capabilities (financial or otherwise) to perform its obligations hereunder and under the Collateral Agreements; and (iii) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would impair or materially adversely affect its ability to perform its obligations hereunder such resources and under the Collateral Agreementscapabilities.

Appears in 2 contracts

Samples: Asset Purchase Agreement (NMS Communications Corp), Asset Purchase Agreement (Verso Technologies Inc)

Sufficiency of Funds. Buyer: Buyer has (i) has sufficient funds available to pay the Purchase Price and any expenses incurred by Buyer in connection with the transactions contemplated by this Agreement or the Collateral Agreements; (ii) has the resources and capabilities (financial or otherwise) to perform its obligations hereunder and under the Collateral Agreements; and (iii) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would impair or adversely affect its ability to perform its obligations hereunder such resources and under the Collateral Agreementscapabilities.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Emcore Corp), Asset Purchase Agreement (Agere Systems Inc)

Sufficiency of Funds. Buyer: Buyer (i) has sufficient funds available to pay the Purchase Price and any expenses incurred by Buyer in connection with the transactions contemplated by this Agreement or the Collateral AgreementsAgreement; (ii) has the resources and capabilities (financial or otherwise) to perform its obligations hereunder and under the Collateral Agreements; and (iii) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would impair or adversely affect its ability to perform its obligations hereunder such resources and under the Collateral Agreementscapabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lattice Semiconductor Corp)

Sufficiency of Funds. Buyer: Buyer (i) has sufficient cash, available lines of credit, or other sources of funds available to enable it to pay the Purchase Price and any expenses incurred by Buyer in connection with pursuant to the transactions contemplated by terms of this Agreement or the Collateral AgreementsAgreement; (ii) has the resources and capabilities (financial or and otherwise) to perform its obligations hereunder and under the Collateral AgreementsSeller Note and Warrant; and (iii) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would could impair or adversely affect its ability to perform its obligations hereunder and under the Collateral AgreementsSeller Note and Warrant.

Appears in 1 contract

Samples: Asset Purchase Agreement (Harrow Health, Inc.)

Sufficiency of Funds. Buyer: Buyer (i) has sufficient funds available to pay the Purchase Price and any expenses incurred by Buyer in connection with the transactions contemplated by this Agreement or the Collateral Agreements; (ii) has the resources and capabilities (financial or otherwise) to perform its obligations hereunder and under the Collateral Agreements; and (iii) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would impair or adversely affect its ability to perform its obligations hereunder such resources and under the Collateral Agreements.capabilities. Agere Systems Proprietary

Appears in 1 contract

Samples: Asset Purchase Agreement (Agere Systems Inc)

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Sufficiency of Funds. Buyer: Buyer (i) has sufficient funds available to pay the Purchase Price and any expenses incurred by Buyer in connection with the transactions contemplated by this Agreement or the Collateral AgreementsAgreement; (ii) has the resources and capabilities (financial or otherwise) to perform its obligations hereunder and under the Collateral Agreements; and (iii) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would materially impair or adversely affect its ability to perform its obligations hereunder such resources and under the Collateral Agreementscapabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (NMS Communications Corp)

Sufficiency of Funds. Buyer: Buyer (i) has sufficient funds available to pay the Cash Purchase Price and any expenses incurred by Buyer in connection with the transactions contemplated by this Agreement or the Collateral Agreements; and (ii) has the resources and capabilities (financial or otherwise) to perform its obligations hereunder and under the Collateral Agreements; and (iii) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would impair or adversely affect its ability to perform its obligations hereunder and under the Collateral Agreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Supportsoft Inc)

Sufficiency of Funds. Buyer: Buyer (ia) has sufficient funds available to pay the Purchase Price and any expenses incurred by Buyer in connection with the transactions contemplated by this Agreement or the Collateral Agreements; (iib) has the resources and capabilities (financial or otherwise) to perform its obligations hereunder and under the Collateral Agreements; and (iiic) has not incurred any obligation, commitment, restriction or liability of any kind, absolute or contingent, present or future, which would impair or adversely affect its ability to perform its obligations hereunder and under the Collateral Agreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Maxlinear Inc)

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