Common use of Financing to be Available Clause in Contracts

Financing to be Available. (a) Purchaser's ability to consummate the transactions contemplated by this Agreement is not contingent on raising any equity capital, obtaining financing therefor, consent of any lender or any other matter relating to funding the P&A Transactions. (b) As of the Initial Closing, Purchaser will have sufficient cash or cash equivalents available, directly or through one or more Affiliates, to pay the Initial Closing Purchase Price to the extent required to be paid by Purchaser to Seller, and there is no restriction on the use of such cash or cash equivalents for such purpose. (c) As of the Subsequent Closing, if any, Purchaser will have sufficient cash or cash equivalents available, directly or through one or more Affiliates, to pay the Subsequent Closing Purchase Price to the extent required to be paid by Purchaser to Seller, and there is no restriction on the use of such cash or cash equivalents for such purpose. (d) As of the Closing, Purchaser will have sufficient cash or cash equivalents available, directly or through one or more Affiliates, to pay the Purchase Price to the extent required to be paid by Purchaser to Seller, and there is no restriction on the use of such cash or cash equivalents for such purpose.

Appears in 1 contract

Sources: Purchase and Assumption Agreement (Hancock Holding Co)

Financing to be Available. (a) Purchaser's ’s ability to consummate the transactions contemplated by this Agreement is not contingent on raising any equity capital, obtaining financing therefor, consent of any lender or any other matter relating to funding the P&A Transactions. (b) As of the Initial Closing, Purchaser will have sufficient cash or cash equivalents available, directly or through one or more Affiliates, to pay the Initial Closing Purchase Price to the extent required to be paid by Purchaser to Seller, and there is no restriction on the use of such cash or cash equivalents for such purpose. (c) As of the Subsequent Closing, if any, Purchaser will have sufficient cash or cash equivalents available, directly or through one or more Affiliates, to pay the Subsequent Closing Purchase Price to the extent required to be paid by Purchaser to Seller, and there is no restriction on the use of such cash or cash equivalents for such purpose. (d) As of the Closing, Purchaser will have sufficient cash or cash equivalents available, directly or through one or more Affiliates, to pay the Purchase Price to the extent required to be paid by Purchaser to Seller, and there is no restriction on the use of such cash or cash equivalents for such purpose.

Appears in 1 contract

Sources: Purchase and Assumption Agreement (First NBC Bank Holding Co)