Common use of Financing Obligations Clause in Contracts

Financing Obligations. Between the Effective Date and the Closing Date, Buyer will use its best reasonable commercial efforts to obtain an additional $5,000,000 in cash in order to increase the aggregate amount of the Cash Payment under Section 3. 1. In the event that Buyer obtains any additional amounts of cash during such period, the Cash Payment due under Section 3.1 shall be increased by such amount and the principal amount due under the Note (and monthly installments) shall be decreased accordingly, so that the total Purchase Price shall remain $50,000,000.

Financing Obligations. Between the Effective Date and the Closing Date, Buyer will use its best reasonable commercial efforts to obtain an additional $5,000,000 in cash in order to increase the aggregate amount of the Cash Payment under Section 3. 1. In the event that Buyer obtains any additional amounts of cash during such period, the Cash Payment due under Section 3.1 shall be increased by such amount and the principal amount due under the Note (and monthly installments) shall be decreased accordingly, so that the total Purchase Price shall remain $50,000,000. 8.