Common use of Purchaser’s Solvency Clause in Contracts

Purchaser’s Solvency. Purchaser shall furnish or cause to be furnished to Seller copies of any solvency opinions obtained by Purchaser from third parties in connection with the financing of the transactions contemplated by this Agreement, to the extent contractually permitted by the issuer of such opinion. Purchaser shall use commercially reasonable efforts to cause the firms issuing any such solvency opinions to allow Seller to rely thereon; provided that, Purchaser shall have no obligation to do so if any material fee or expense is associated with obtaining such reliance.

Appears in 1 contract

Sources: Purchase Agreement (Nbty Inc)

Purchaser’s Solvency. If Purchaser is obtaining financing from a third party in connection with the transactions contemplated hereby, Purchaser shall furnish or cause to be furnished to Seller copies of any solvency opinions or similar materials obtained by Purchaser from third parties in connection with the financing of the transactions contemplated by this Agreement, to the extent contractually permitted by the issuer of such opinion. Purchaser shall use commercially reasonable efforts to cause the firms Persons issuing any such solvency opinions to allow Seller to rely thereon; provided that, Purchaser shall have no obligation to do so if any material fee or expense is associated with obtaining such reliance.

Appears in 1 contract

Sources: Share Purchase Agreement (SolarWinds Corp)

Purchaser’s Solvency. Purchaser shall furnish or cause to be furnished to Seller copies of any solvency opinions or similar materials, if any, obtained by Purchaser from third parties in connection with the financing of the transactions contemplated by this Agreement, to the extent contractually permitted by the issuer of such opinion. Purchaser shall use commercially reasonable efforts to cause the firms issuing any such solvency opinions to allow Seller to rely thereon; provided that, Purchaser shall have no obligation to do so if any material fee or expense is associated with obtaining such reliance.

Appears in 1 contract

Sources: Purchase Agreement (GNC Corp)