Source of Financing Clause Samples

Source of Financing. The cost of equity participation by ECB and ECSPL in the JVC of RM700,000 will be satisfied in cash from internally generated funds.

Source of Financing. The Subscription in Sel Stem amounting to RM300,000 was funded by LYC Medicare entirely via internal cash. As set out in Section 4.2 of this announcement and pursuant to the terms of the SHA, the Parties shall each provide the initial shareholders' advance to Sel Stem in proportion to their shareholdings held in Sel Stem. In this respect, LYC Medicare shall provide additional financing to fund its shareholders' advance portion amounting to RM900,000 to be satisfied entirely via internally generated funds. For avoidance of doubt, the aforesaid provision of shareholders' advance by LYC Medicare to Sel Stem is not subject to LYC's shareholders' approval, as the amount threshold constitutes less than 5% of the net tangible assets ("NTA") of LYC Group, based on its latest audited consolidated financial statements for the FYE 31 March 2020. Notwithstanding thereto and moving forward, LYC and its subsidiaries (collectively the "LYC Group") is mindful of Rule 8.25 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, whereby any further provision of advances, loan and/ or loan guarantee to associate company shall be deemed to be a provision of financial assistance, and in event the aggregate amount of such financial assistance to be provided by LYC Group, if any, amounts to 5% or more over the NTA of LYC Group, LYC must issue a circular to its shareholders and seek shareholders' approval in a general meeting in relation to the provision of financial assistance.

Source of Financing. The Company will fund its share of equity participation in the Agreement from internally generated funds.

Source of Financing. The Fund receives contributions from participating employers, income from investments, rent, self-payments by participants, including retired employees, dependents and COBRA. Consistent with these sources, and mindful of their obligations as fiduciaries under ERISA, the Board seeks to establish appropriate rates of contribution in all Collective Bargaining Agreements; seeks to prudently invest assets in accordance with ERISA and the Fund’s Investment Policy; set appropriate self-pay rates for COBRA and retired employees; and obtain fair market rentals. The Board of Trustees may also utilize professional investment consultants and managers to ensure proper investments. The Board periodically evaluates the cost of benefits and administrative expenses and based upon actual and projected costs, determines a minimum hourly contribution rate which must be paid in order to finance future expenses.

Source of Financing. The total funding and capital requirements pursuant to the Shareholders' Agreement may be financed in accordance with the manner as set out in Section 4.3 of this announcement. In this respect, THPPF may finance the said requirements in proportion to its shareholdings in SPH via internally generated funds and/ or external borrowings, of which the exact breakdown of the source of funding will be decided by the management of THPPF at a later stage. CAB and THPPF are mindful of Paragraph 8.23 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, whereby any provision of loan and/ or loan guarantee is deemed to be a provision of financial assistance. In event the aggregate amount of such financial assistance to be provided by THPPF to SPH, if any, amounts to 5% or more over the net tangible assets of CAB and its subsidiary companies ("CAB Group"), CAB must issue a circular to its shareholders and seek shareholder approval in a general meeting in relation to the provision of financial assistance.

Source of Financing. If the Company determines to raise capital through ------------------- the issuance of any Common Stock or any stock or security convertible into or exchangeable for Common Stock (an "Equity Financing") in a transaction or transactions not involving an issuance referred to in Section 6(a)(1), (ii) or (iii), then All Preferred Holders shall have the right to first offer to provide the Equity Financing to the Company on the following terms: (a) The Company shall give All Preferred Holders prompt written notice (a "Financing Notice") of its determination, describing the material terms and conditions of the Equity Financing. All Preferred Holders shall have the exclusive right for a period of fifteen (15) business days from the date on which the Financing Notice was given (the "Financing Exclusivity Period") to make a firm offer to provide the Equity Financing on terms satisfactory to the Company. If, upon the expiration of the Financing Exclusivity Period, the best offer (the "Best Offer") of either the Series A and Series B Holders, on the one hand, or the holders of the Priority Preferred Shares, on the other hand, is unacceptable to the Company with respect to the Equity Financing, the Company shall have the right to approach other sources to provide the Equity Financing. If the Company accepts the Best Offer, all Stockholders shall have preemptive rights to participate in such financing in the manner set forth in Section 6. The Company shall not enter into discussions with any financing source other than All Preferred Holders during the Financing Exclusivity Period. (b) If, after following the procedures set forth in Section 5(a), the Company receives a financing proposal from an alternative financing source on terms and conditions that it deems acceptable (but on terms more favorable to the Company than the Best Offer), the Company shall be entitled to accept such alternative proposal and close within 120 days of the expiration of the Financing Exclusivity Period. Subject to any confidentiality obligations to which the Company is then subject, the Company shall notify All Preferred Holders and keep such holders fully apprised of such alternative proposal, including the status of negotiations with respect thereto. After such 120-day period, the Company must comply with the right of first offer to All Preferred Holders pursuant to the terms of this Section 5.

Source of Financing. Buyer has provided to Seller a copy of a commitment letter concerning Buyer's source of funding.

Source of Financing. The attached Source of Financing report ‘Appendix B’ outlines the source of financing for the bike share system. The City’s portion, $822,500, will be funded using $750,000 currently in the Active Transportation (TS6020) project, which as previously noted will be transferred to a new capital project to better facilitate expenditure tracking and project reporting, and $72,500 of Federal Gas Tax funding allocated for future eligible Active Transportation projects currently held in the Federal Gas Tax Reserve Fund.

Source of Financing. The Acquisition will be financed by internal generated funds and/or bank borrowings.