Purchaser Funds definition
Examples of Purchaser Funds in a sentence
Seller hereby designates Purchaser as its true and lawful attorney-in-fact, with full power of substitution, to execute or endorse for the benefit of Purchaser any checks, notes or other documents received by Seller in connection with the Purchaser Funds.
If, on or before the Merger Implementation Date, a Material Adverse Effect on the profitability or value of the Purchaser Shares or the Consideration Shares, or the available Purchaser Funds shall have occurred, the Purchaser must, immediately upon becoming aware of that event, give written notice to White Energy fully describing the event.
The Seller Entities hereby designate Purchaser as their true and lawful attorney-in-fact, with full power of substitution, to execute or endorse for the benefit of Purchaser any checks, notes or other documents received by Seller Entities in connection with either the Accounts Receivable or any Purchaser Funds which are not subject to a good faith dispute by Seller and Purchaser.
As at the Execution Date the Purchaser has Purchaser Funds of $115.0 million, and on the Settlement Date, the Purchaser will have not less than the Minimum Amount in the trust account and such Purchaser Funds are held by a bank of recognised financial responsibility which has not had a Insolvency Event.
No executive officer of the Purchaser has any reason to believe that the Constituent Corporations will not be able to have full access to the Purchaser Funds as and when required.
If Purchaser terminates this Agreement during the Due Diligence Period, Escrow Agent shall immediately release all Purchaser Funds held by Escrow Agent, including the Deposit, to Purchaser.
Principal: Any redemptions resulting in cash distributions received by Borrower in connection with Borrower’s ownership interest in Columbia Strategic Cash Portfolio, a series of Columbia Qualified Purchaser Funds, LLC, a Delaware limited liability company (“Columbia Strategic Cash Fund”), shall be applied to reduce the outstanding principal amount of the Loans.
The consummation of the transaction contemplated herein (“Closing”) shall occur on the Closing Date at the offices of Escrow Agent (or such other location as may be mutually agreed upon by Seller and Purchaser), Funds shall be deposited into and held by Escrow Agent in a closing escrow account with a bank satisfactory to Purchaser and Sellers.
If, on or before Settlement, a Material Adverse Effect on the profitability or value of the Purchaser Shares or the Consideration Shares, or the available Purchaser Funds shall have occurred, the Purchaser must, immediately upon becoming aware of that event, give written notice to the Vendor fully describing the event.
Each Seller hereby designates Purchaser as its true and lawful attorney-in-fact, with full power of substitution, to execute or endorse for the benefit of Purchaser any checks, notes or other documents received by such Seller in connection with the Purchaser Funds.