Common use of Sufficient Funds Clause in Contracts

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fund such Commitment Party’s Commitment.

Appears in 3 contracts

Samples: Commitment Agreement, Commitment Agreement (Pacific Drilling S.A.), Commitment Agreement (Pacific Drilling S.A.)

AutoNDA by SimpleDocs

Sufficient Funds. Such Commitment Party has has, or at the Closing will have, sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to purchase the Series B Preferred Stock and Warrants required to fund such Commitment Party’s CommitmentCommitment Amount.

Appears in 3 contracts

Samples: Equity Commitment Agreement (Infrastructure & Energy Alternatives, Inc.), Equity Commitment Agreement (Infrastructure & Energy Alternatives, Inc.), Equity Commitment Agreement (Infrastructure & Energy Alternatives, Inc.)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that are owned by it (or such managed funds or accounts) as of the Rights Offering Expiration Time pursuant to the Rights Offering and fund such Commitment Party’s Backstop Commitment.

Appears in 2 contracts

Samples: Backstop Commitment Agreement (Parker Drilling Co /De/), Backstop Commitment Agreement (Parker Drilling Co /De/)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that are issued to it pursuant to the Rights Offering, fund such Commitment Party’s Commitment.Commitments. ARTICLE VI

Appears in 2 contracts

Samples: Investment Agreement (Vanguard Natural Resources, Inc.), Investment Agreement (Vanguard Natural Resources, Inc.)

Sufficient Funds. Such Commitment Party has sufficient assets available cash and the financial capacity to perform all of its obligations under this Agreement, including as applicable to the Debt Commitment Parties, the ability to fund such Debt Commitment Party’s Debt Commitment, and, as applicable to the Equity Commitment Parties, the ability to fund such Equity Commitment Party’s Equity Commitment.

Appears in 2 contracts

Samples: Investment Agreement (Seadrill LTD), Investment Agreement (North Atlantic Drilling Ltd.)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that are issued to it pursuant to the Rights Offering and fund such Commitment Party’s Rights Offering Backstop Commitment.

Appears in 2 contracts

Samples: Backstop Commitment Agreement (WUS Holding, L.L.C.), Backstop Commitment Agreement (Weatherford International PLC)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that are owned by it (or such managed funds or accounts) as of the Rights Offering Expiration Time pursuant to pursuant to the Rights Offerings and fund such Commitment Party’s Backstop Commitment.

Appears in 2 contracts

Samples: Backstop Commitment Agreement (Ultra Petroleum Corp), Backstop Commitment Agreement (Ultra Petroleum Corp)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that are owned by it (or such managed funds or accounts) as of the Rights Offering Expiration Time pursuant to the Rights Offering and to purchase the New Common Shares required pursuant to and fund such Commitment Party’s Commitment.

Appears in 1 contract

Samples: Commitment Agreement (Pacific Drilling S.A.)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that are issued to it (or such Affiliated Funds) pursuant to the Rights Offerings and timely fund such Commitment Party’s CommitmentBackstop Commitment at Closing.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Bristow Group Inc)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this 39 Agreement, including the ability to fully exercise all Subscription Rights that are issued to it pursuant to the Rights Offering, fund such Commitment Party’s CommitmentCommitments.

Appears in 1 contract

Samples: Equity Investment Agreement (Vanguard Natural Resources, LLC)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Rights that are issued to it pursuant to the Rights Offerings and fund such Commitment Party’s Backstop Commitment.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Tuesday Morning Corp/De)

AutoNDA by SimpleDocs

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that are issued to it pursuant to the Rights Offerings and fund such Commitment Party’s Backstop Commitment.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Linn Energy, LLC)

Sufficient Funds. Such If such Party is a Commitment Party, such Commitment Party has will have as of the Closing sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Minimum Allocation Rights that are issued to it and fund such Commitment Party’s Commitmentaggregate purchase price for the Unsubscribed Securities, if any.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Breitburn Energy Partners LP)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that are issued to it pursuant to the Rights Offering and fund such Commitment Party’s Backstop Commitment.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Peabody Energy Corp)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that are issued to it pursuant to the Rights Offering, fund such Commitment Party’s CommitmentCommitments.

Appears in 1 contract

Samples: Equity Investment Agreement (Vanguard Natural Resources, LLC)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability (or ability to cause its Related Purchasers) to fully exercise all Subscription Rights that are issued to it pursuant to the Rights Offering, fund such Commitment Party’s Rights Offering Backstop Commitment.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Avaya Holdings Corp.)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fund such Commitment Party’s New Notes Offering Backstop Commitment.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Weatherford International PLC)

Sufficient Funds. Such Commitment Party has sufficient assets and the financial capacity to perform all of its obligations under this Agreement, including the ability to fully exercise all Subscription Rights that it is required to exercise under this Agreement pursuant to the Rights Offering and fund such Commitment Party’s Backstop Commitment.

Appears in 1 contract

Samples: Backstop Commitment Agreement (Parker Drilling Co /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.