Financing Commitment. Parent has received from NationsBank a commitment letter dated December 16, 1996 (a copy of which has been heretofore furnished to the Company) to provide funds necessary for the consummation of the Offer and the Merger which letter has not been revoked. Parent has accepted such commitment pursuant to its terms and has paid all fees due thereunder as of the date hereof.
Appears in 3 contracts
Sources: Merger Agreement (American Studios Inc), Merger Agreement (Pca International Inc), Merger Agreement (American Studios Inc)