Proceeds of Financing Clause Samples
Proceeds of Financing. The proceeds of the debt financing available to the Purchaser, which shall be sufficient, to pay the Cash Merger Consideration plus any Estimated Closing Date Company Contribution Adjustment, if any, less any Estimated Closing Date Seller Contribution Adjustment, if any, upon the Effective Time, shall be available to the Purchaser and Inorganics at the Closing.
Proceeds of Financing. The proceeds of the sale of the Note will be used by the Company for (i) general operating expenses of the Company and (ii) to repay a former shareholder loan of $103,501.16 to the estate of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇.
Proceeds of Financing. The proceeds of the sale of the Notes shall be used by the Company solely for (i) general operating expenses of the Company and (ii) to hire additional marketing employees for the Company. The portion of the proceeds of the sale of the Ford Shares which would have otherwise been received by R▇▇▇▇▇▇ ▇. ▇▇▇▇, as such portion is set forth opposite M▇. ▇▇▇▇'▇ name on Schedule II hereto, shall be delivered directly to the Company in partial satisfaction of loans made to M▇. ▇▇▇▇ by the Company. Except for the Agreement in Partial Settlement of T/F Purifiner, Inc. Issues (the "Settlement Agreement"), the Company will not use any of the proceeds from the sale of the Note for the repayment of any loans made to any shareholder of the Company or dividends or other Restricted Payments (as defined in Section 6.5 below).
Proceeds of Financing. The proceeds of the issuance and sale of ----------------------- the Series A Preferred Stock shall be used by Taylor Madison for working capital, including growth and capital initiatives, investor relations and public relations.
Proceeds of Financing. The proceeds of the issuance of the Shelf Notes will be used for general corporate purposes, refinancing existing Company indebtedness and to finance certain capital expenditures of the Company, as more particularly described in the applicable Request(s) for Purchase.
Proceeds of Financing. Upon consummation of a Financing, PubCo shall immediately thereafter shall contribute 50% of the net proceeds of such Financing to the Surviving Corporation, except for any Financing obtained through an investment bank, in which case PubCo shall immediately following such Financing contribute 70% of the net proceeds of such Financing to the Surviving Corporation, provided, that PubCo shall not be obligated pursuant to this Section 8.6 to contribute additional Financing proceeds to the Surviving Corporation after PubCo has contributed to the Company an aggregate of $3,000,000 in Financing proceeds.
Proceeds of Financing. Purchaser shall have obtained debt financing from the lenders referred to in the Commitment Letters on the terms and structure contemplated by the term sheets attached to the Commitment Letters. Third Party Consents. All of the Third Party Consents set forth in Section 3.6(b) of the Seller Disclosure Letter shall have been obtained or given, except for Third Party Consents which, if not obtained or given, would not individually, or in the aggregate, reasonably be expected to have a Company Material Adverse Effect. Encumbrance Releases. All of the Encumbrance Releases or the Clean Policies referred to in Section 5.14 of this Agreement shall have been obtained.
Proceeds of Financing. The proceeds of the issuance and sale of ----------------------- the Debentures shall be used by Taylor Madison for working capital.
Proceeds of Financing. The proceeds of the issuance of the Units hereunder will be used for one or more of the following purposes: (i) to pay overdue obligations to vendors or lessors; (iii) for working capital purposes; and (iv) to pay fees, costs, and expenses associated with the execution of this Agreement, and the transactions contemplated hereby.
Proceeds of Financing. The proceeds of the issuance of the Notes hereunder will be used by the Company for general corporate purposes.