Sufficient Fund Clause Samples
A Sufficient Fund clause requires a party, typically the buyer or obligor, to confirm that they have adequate financial resources to fulfill their obligations under the agreement. In practice, this clause may obligate the party to provide evidence of available funds, such as bank statements or financing commitments, before certain actions can proceed, like closing a transaction or commencing a project. Its core function is to assure the other party that the necessary funds are available, thereby reducing the risk of non-performance due to lack of financing.
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Sufficient Fund. The Buyer Parties will at the relevant times as required hereunder, have at its disposal sufficient funds to make the payments and deposits as required hereunder and consummate the transactions contemplated hereby in accordance with the terms hereof.
Sufficient Fund. Immediately prior to the Closing, the Purchaser will possess sufficient and immediately available funds to consummate the transaction contemplated under this Agreement.
Sufficient Fund s The aggregate o(fi) the undrawn portion of the TIFIA Loan, (ii) all funds that are undrawn but fully and completely committed under the Other Financing Documetns, and (iii) all funds available under any other unused fiunngd that are committedand available, will be sufficient to pay aTllotal Project Costsnecessaryto achieve Substantial Completion.
Sufficient Fund. The Purchaser has sufficient and unrestricted cash to, and is able to, pay the Purchase Price pursuant to the terms and conditions provided herein.
Sufficient Fund. The Investor has sufficient immediately available funds to fulfill its obligation to pay the Subscription Price to the Company in accordance with the terms and conditions of this Agreement.