Financing Support Sample Clauses
The Financing Support clause outlines the obligations and arrangements related to providing financial assistance or backing for a project or transaction. Typically, this clause specifies the types of financial support available, such as loans, guarantees, or credit facilities, and details the conditions under which such support will be provided, including eligibility criteria and repayment terms. Its core practical function is to ensure that adequate funding is available to meet the needs of the parties involved, thereby reducing financial uncertainty and facilitating the successful completion of the underlying agreement.
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Financing Support. (a) Each of the Buyer Parties shall use its reasonable best efforts to arrange the Financing on the terms and conditions described in the Financing Commitment as promptly as reasonably practicable, including using its reasonable best efforts to (i) maintain in effect the Financing Commitment on the terms and conditions contained therein until the transactions contemplated by this Agreement and the Brewery Transaction are consummated; (ii) satisfy on a timely basis all conditions and covenants applicable to the Buyer Parties or any of their respective Affiliates in the Financing Commitment and otherwise comply with (or obtain the waiver thereof) its obligations under the Financing Commitment; (iii) consummate the Financing at the Closing to the extent necessary to permit the Buyer Parties to pay the Purchase Price hereunder and all amounts due under the Brewery SPA; (iv) enforce its rights under the Financing Commitment; and (v) cause the lenders and other Persons providing the Financing to fund at the Closing the Financing to the extent necessary to permit the Buyer Parties to pay the Purchase Price hereunder and all amounts due under the Brewery SPA. Each of the Buyer Parties shall use its reasonable best efforts to maintain availability under CBI’s existing credit facilities, or to put replacement credit facilities in place, if CBI’s existing credit facilities are terminated for whatever reason. Within one Business Day of receiving the GM Transaction Closing Notice, the Buyer Parties shall deliver the certificate referred to in Section 4.01(l) of the Financing Commitment to the Administrative Agent (as defined in the Financing Commitment) and the Arrangers (as defined in the Financing Commitment) in accordance with the Financing Commitment.
(b) If any portion of the Financing becomes unavailable on the terms and conditions contemplated in the Financing Commitment, the Buyer Parties shall use their reasonable best efforts to obtain any such portion from alternative sources as promptly as practicable following the occurrence of such event on terms that are not less favorable, taken as a whole, to the Buyer Parties. Notwithstanding the foregoing, nothing in this Section 9.7 shall require that CBI or any of its Subsidiaries sell any stock or assets, other than any sale of the CBI Interest in connection with Seller Parties’ Drag-Along Right under Section 12.5.
(c) Buyer Parties shall not permit any amendment or modification to be made to the Financing Commitm...
Financing Support. Seller agrees that in the event that the Closing occurs and Seller has received the Closing Payment prior to 5:00 pm central time on August 1, 2006, Seller will make a payment to Buyer of $1,500,000. Such payment of $1,500,000 will be netted against the payment of the Closing Payment to be paid by Buyer to Seller.
Financing Support. Purchaser shall use commercially reasonable efforts to perform such actions as may be reasonably requested by Purchaser's financing sources for purposes of obtaining the financing for the transactions contemplated hereby.
Financing Support. Sellers and the Shareholder shall use commercially reasonable efforts to perform such actions as may be reasonably requested by Purchaser in order for Purchaser to obtain financing for the transactions contemplated hereby, provided, that no Seller or the Shareholder shall be required to pay or bear any costs or expenses in connection with such actions. Without limiting the scope of commercially reasonable efforts that Sellers and the Shareholder may provide pursuant to this Section 4.7 (but subject to the provisos in the immediately preceding sentence), Sellers agree to use commercially reasonable efforts to assist Purchaser to obtain a policy of insurance covering losses arising from Sellers' breaches of any representations or warranties hereunder, with such terms and conditions as may be requested or required by any Person providing financing for the transactions contemplated hereby and such other terms and conditions as may be desired by Purchaser. Notwithstanding the foregoing, it shall not be considered commercially unreasonable for Sellers and/or the Shareholder to decline or fail to agree to any changes to the terms of this Agreement or any of the Operative Agreements that may be requested by any Person providing insurance and/or funding for or in connection with the transactions contemplated hereby.
Financing Support. The Company and the Members shall, at the request of a Member, cooperate with and use commercially reasonable efforts to provide assistance to such Member (at such Member’s sole expense with respect to out of pocket expenses incurred by the Company or the Dominion Member) in connection with any PTC Transfer or to support any debt or tax credit or tax equity financing or any refinancing, renewal or replacement thereof, including the incurrence of any loans or the issuance of any bonds, notes, debentures or hybrid securities or any equity financing (including any tax equity financing or tax credit purchasers or any equity investment or co-investment involving a Member’s direct or indirect equityholders (including limited partners), sponsors or affiliated funds), in each case, in connection with financing of the Capital Contributions required under this Agreement or the Contribution Agreement or monetization of the PTCs or other Tax attributes allocated to a Member pursuant to this Agreement (each, a “Member Financing”). Such cooperation and commercially reasonable efforts by the Company and the Dominion Member shall include (a) providing information for such requesting Member to prepare confidential information memoranda, lender presentations, rating agency presentations, and other similar customary documents and marketing materials for such financing (including pursuant to Section 8.3), (b) providing due diligence information and responses (including in the form of telephonic calls or data rooms, as applicable), (c) providing information for such requesting Member to prepare of disclosure schedules in respect of the definitive documents for such financing, (d) providing to the other Members such information as may be reasonably necessary in connection with such financing (including pursuant to Section 8.3 and including documentation and other information reasonably requested by such Member or its financing sources with respect to (x) applicable “know-your-customer” and anti-money laundering rules and regulations, including, without limitation, the PATRIOT Act and beneficial ownership regulations and (y) the U.S. Treasury Department’s Office of Foreign Assets Control and the Foreign Corrupt Practices Act of 1977, as amended, in each case, as they may relate to the Dominion Member, the Company or their respective assets), and (e) taking such other actions as are reasonably requested by the other Members to facilitate the consummation of any such Member Financ...
Financing Support. 36
14.1 Consent to Concessionaire‟s Grant of Security Interest 36
Financing Support. 10 Section 3.01 - Maximum Amount of Financing, Support .........................................................10 Section 3.02 - Request for Financing Support ................................................................11 Section 3.03 - Increase in Financing Support ................................................................12 ARTICLE IV ......................................................................................................13
Financing Support. To the extent that the Buyer becomes eligible for official export credit support, the Seller shall undertake commercially reasonable efforts to assist the Buyer in procuring such financing and to cooperate with the Buyer, the relevant export credit agencies and the relevant commercial lenders in provisioning and closing such financing.