Financing Limitations Sample Clauses
The Financing Limitations clause sets boundaries on the amount, type, or sources of funding that may be used in connection with a contract or transaction. Typically, this clause may restrict the parties from seeking financing beyond a certain monetary threshold, prohibit specific forms of debt or equity financing, or require that financing be obtained from approved lenders. Its core practical function is to manage financial risk and ensure that the parties do not overextend themselves or introduce unwanted third-party interests, thereby maintaining the financial integrity of the agreement.
Financing Limitations. The Company will not, and will not permit its Subsidiaries to, agree, directly or indirectly, to any restriction with any person or entity which limits the ability of the Company or any of its Subsidiaries to incur any additional indebtedness from the Purchaser and/or sell or issue any equity interests of the Company or any of its Subsidiaries to the Purchaser.
Financing Limitations. To the extent that any of the services provided pursuant to Section 2 hereof require a capital expenditure or the financing of materials, services or equipment, Continental shall not be required to participate in any financing structure that (i) causes the materials, services or equipment, or any financial obligation with respect thereto, to be included on Continental's balance sheet, (ii) may, based on Continental's reasonable judgment, adversely affect Continental's future financing costs, or (iii) imposes any uncompensated financial obligation on Continental, including following the transfer of the materials, services or equipment (whether by purchase, assignment or lease) to COPA; provided that nothing in this Section shall be construed to relieve Continental of any obligations to provide services under this Agreement if such capital expenditure or financing of materials, services or equipment is undertaken by COPA.
Financing Limitations. Notwithstanding any other provision of this Agreement, Employer shall not be obligated or permitted to pay any amount in respect of the Stock Awards, the Stock Options, the Incentive Stock Grant Shares or the Deemed SERP Shares or pursuant to any of Sections 3(d), 3(e) or 3(f) if (i) the payment of such amount would result in a violation of the terms or provisions of, or result in a default or an event of default under, any guarantee, financing or security agreement or document entered into by Employer or any of its subsidiaries, affiliates or successors (such agreements and documents, as each may be amended, modified or supplemented from time to time, are referred to herein as the "FINANCING AGREEMENTS"), in each case as the same may be amended, modified or supplemented from time to time, or (ii) the payment of such purchase price would violate any of the terms or provisions of the Certificate of Incorporation by Employer. In the event that the payment of any such amount is prevented solely by the terms of this Section 7(g), the payment of such amount will be postponed and will be made, with interest at an annual rate of 12% for the period of delay, at the first opportunity thereafter when Employer has funds legally available therefor and when the payment of such amount will not result in any default or event of default or violation by Employer or any of its subsidiaries, affiliates or successors under any of the Financing Agreements or in a violation of any term or provision of the Certificate of Incorporation of the Employer.