Examples of Merger Financing in a sentence
MERGER FINANCING The total amount of cash required to consummate the transactions contemplated by the Merger Agreement (the "Merger Financing"), including payment of related fees and expenses, is estimated to be approximately $39 million.
The Merger Financing is expected to close immediately prior to or simultaneously with the Closing.
In addition to the Merger Financing that CSBI has represented (under Section 4.11) has been arranged prior to the date hereof, CSBI shall use its best efforts to obtain, and provide to Eldorado, by December 31, 1996 one or more commitment letters or subscription agreements (the "Remaining Financing Commitments") for additional Merger Financing in an amount not less than $8,600,000.
Further, CSBI shall advise Eldorado, promptly after their occurrence, of any developments, changes, events or circumstances occurring after the date hereof that will or could reasonably be expected to have a material and adverse effect on CSBI's ability to satisfy any material conditions to the Merger Financing or otherwise to consummate the Merger Financing.
On or before the Closing Date, Company shall have provided evidence satisfactory to Agents that the proceeds of the Equity Financing have been irrevocably committed, prior to the application of the proceeds of the Term Loans to be made on the Closing Date, to the payment of the Merger Financing Requirements (subject to the concurrent consummation of the Merger).