Purchaser Financing definition

Purchaser Financing has the meaning ascribed to it in Section 5.07.

Purchaser Financing shall have the meaning set forth in Section 4.7(b)

Purchaser Financing means one or more financings by the Purchaser to be completed on or prior to the Effective Date and involving the issuance of subscription receipts of the Purchaser for aggregate gross proceeds of no less than C$35 million, whereby the proceeds of such financing(s), less a portion of the expenses of any underwriters or agents, will be placed into escrow and released immediately prior to, at or immediately after the Effective Time;

Examples of Purchaser Financing in a sentence

• In the case of any claim resulting from, relating to or arising out of any Purchaser Financing Transaction or the provisions of Section 3.23, the Purchaser shall have right to control the defense thereof at the Indemnifying Party's expense.

• The Company and the Seller agree promptly to advise the Purchaser if at any time during the period in which a prospectus relating to the Purchaser Financing Transaction is required to be delivered under the Securities Act, any information contained in the prospectus concerning the Company or the Seller becomes incorrect or incomplete in any material respect, and to provide the information needed to correct such inaccuracy.

• If the Purchaser fails to provide the Commitment as aforesaid on or before the expiry of the Purchaser Financing Condition, the Vendor may declare the Purchaser to be in default under this Agreement and may exercise any or all of its remedies set forth in the Agreement and/or at law.

• Purchaser will proceed in good faith and use all reasonable efforts to obtain financing on commercially reasonable terms in amounts and structure reasonably consistent with Purchaser's financing plan as set forth in Purchaser's written proposal to Seller dated September 25, 1998 (the "Purchaser Financing").

• Without limiting the foregoing, no Purchaser Financing Source shall be subject to any special, consequential, punitive or indirect damages or damages of a tortious nature to any Seller.

More Definitions of Purchaser Financing

Purchaser Financing has the meaning set forth in Section 7.02(n).

Purchaser Financing means the issuance of convertible notes, stock or other instruments or obtaining of other forms of financing, as determined by Purchaser, resulting in a minimum of USD 100 million in net cash available to Purchaser post-financing and post-Closing for working capital purposes.

Purchaser Financing means that equity or debt offering undertaken by the Purchaser targeting capital formation in the amount considered acceptable by the Purchaser to fund its first year exploration with respect to the Lands;

Purchaser Financing has the meaning ascribed thereto in section 6.1(f) of this Agreement.

Purchaser Financing means the offering of at least 3,538,462 Purchaser Units by the Purchaser at a price of $0.65 per Purchaser Unit to raise gross proceeds of at least $2,300,000 (including the proceeds received from the Bridge Loan), or such greater amount as may be determined by the Purchaser in its discretion;

Purchaser Financing means the offering of Purchaser Receipts by the Purchaser, on a private placement basis, at a price of $1.00 per Purchaser Receipt for minimum gross proceeds of $2,000,000.

Purchaser Financing means equity (including tax equity) or debt financing to raise an amount sufficient to enable Purchaser to pay the Purchase Price and to arrange for a level of capital reasonably required for the development and construction of the Projects and normal operations of the Companies.