Common use of Adequate Financing Clause in Contracts

Adequate Financing. Hexcel shall have obtained adequate financing on commercially reasonable terms in order to (x) deliver the Cash Price at the Closing, (y) to support the operations of Hexcel and its Subsidiaries assuming the transactions contemplated by this Agreement and the Ancillary Agreements are consummated and (z) to the extent desired by Hexcel, to repay currently outstanding indebtedness of Hexcel and its Subsidiaries under the Citibank Revolver and to refinance the BNP Reimbursement Agreement.

Appears in 3 contracts

Sources: Strategic Alliance Agreement (Ciba Geigy Corp), Strategic Alliance Agreement (Hexcel Corp /De/), Strategic Alliance Agreement (Ciba Geigy LTD)