Source of Financing. Purchaser has cash on hand and will have a fully committed line of credit with more than adequate capacity to complete the transactions contemplated in this Agreement prior to Closing.
Source of Financing. The cost of equity participation by ECB and ECSPL in the JVC of SGD700,000 will be satisfied in cash 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 Company will fund its share of equity participation in the Agreement from internally generated funds.
Source of Financing. The Acquisition will be financed by internal generated funds and/or bank borrowings.
Source of Financing. Except as provided in Section 3.a.ii., redemptions of the 11.0% Cumulative Convertible Preferred Shares may be financed using funds from any source.
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:
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. 5 Notwithstanding any other provision of this Section 9, and specifically referencing without limitation Section 9.B, Section 6 9.C, Section 9.F. and Section 9.I, UNL acknowledges and understands that the Arena is expected to be financed in part 7 from the proceeds of tax-exempt obligations (within the meaning of Section 103 of the Internal Revenue Code of 1986, as 8 amended (the "Internal Revenue Code")), Build America Bonds (within the meaning of Section 54AA of the Internal 9 Revenue Code) and Recovery Zone Economic Development Bonds (within the meaning of Section 1400U-2 of the Internal 10 Revenue Code) (collectively, the "Bonds"). When acting in its capacity as tenant of the Arena under this Agreement, UNL 11 hereby agrees to be bound by the provisions contained in Exhibit B to the Facilities Agreement (Compliance Plan and 12 Procedure for West Haymarket Joint Public Agency Tax Advantaged Bonds, including any schedules and exhibits thereto) 13 that limit "non-qualified use" (as defined therein) of the Arena to the same extent as those provisions apply to the City and
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.
