{"component": "clause", "props": {"groups": [{"size": 36, "snippet": "The Company shall have received the Transaction Financing Commitment Letter.", "samples": [{"hash": "wJN3eZmyCc", "uri": "/contracts/wJN3eZmyCc#transaction-financing", "label": "Merger Agreement (U S Restaurant Properties Inc)", "score": 21.0, "published": true}, {"hash": "tuaOohQazS", "uri": "/contracts/tuaOohQazS#transaction-financing", "label": "Merger Agreement (CNL Income Fund Xvii LTD)", "score": 21.0, "published": true}, {"hash": "ldaQu3K7m42", "uri": "/contracts/ldaQu3K7m42#transaction-financing", "label": "Merger Agreement (U S Restaurant Properties Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "the-transaction", "type": "clause", "offset": [32, 47]}, {"key": "financing-commitment-letter", "type": "clause", "offset": [48, 75]}], "hash": "dc4c05f62b989b6aabb49acd07eba7c7", "id": 1}, {"size": 36, "snippet": "The Company shall use its reasonable best efforts to take, or cause to be taken, all actions, and do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to obtain a commitment letter (the \u201cTransaction Financing Commitment Letter\u201d), from a reputable financial institution to provide financing for the Merger and the transactions contemplated hereby on commercially reasonable terms and conditions.", "samples": [{"hash": "wJN3eZmyCc", "uri": "/contracts/wJN3eZmyCc#transaction-financing", "label": "Merger Agreement (U S Restaurant Properties Inc)", "score": 21.0, "published": true}, {"hash": "tuaOohQazS", "uri": "/contracts/tuaOohQazS#transaction-financing", "label": "Merger Agreement (CNL Income Fund Xvii LTD)", "score": 21.0, "published": true}, {"hash": "ldaQu3K7m42", "uri": "/contracts/ldaQu3K7m42#transaction-financing", "label": "Merger Agreement (U S Restaurant Properties Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "reasonable-best-efforts", "type": "definition", "offset": [26, 49]}, {"key": "all-actions", "type": "definition", "offset": [81, 92]}, {"key": "to-assist", "type": "clause", "offset": [127, 136]}, {"key": "cooperate-with", "type": "clause", "offset": [141, 155]}, {"key": "the-other-parties", "type": "clause", "offset": [156, 173]}, {"key": "all-things-necessary", "type": "clause", "offset": [184, 204]}, {"key": "a-commitment", "type": "definition", "offset": [236, 248]}, {"key": "financing-commitment-letter", "type": "clause", "offset": [274, 301]}, {"key": "financial-institution", "type": "definition", "offset": [322, 343]}, {"key": "to-provide", "type": "definition", "offset": [344, 354]}, {"key": "the-merger", "type": "clause", "offset": [369, 379]}, {"key": "contemplated-hereby", "type": "clause", "offset": [401, 420]}, {"key": "commercially-reasonable-terms-and-conditions", "type": "clause", "offset": [424, 468]}], "hash": "d727073958a452a9d78336e5bf638f17", "id": 2}, {"size": 27, "snippet": "(a) Without limiting anything to the contrary contained herein, during the Interim Period, SPAC, the Company and Pubco may, but shall not be required to, enter into additional financing agreements (any such agreements, the \u201cAdditional Financing Agreements\u201d and, together with the Preferred Equity Investment Subscription Agreements and the SEPA Documents, the \u201cFinancing Agreements\u201d) on such terms and structuring (whether structured as a private placement of common equity, convertible preferred equity, convertible debt or other securities convertible into or that have the right to acquire common equity, as Trust Account non-redemption or backstop arrangements or a committed equity line facility or otherwise), and using such strategy, placement agents and approach, as SPAC and the Company shall mutually agree (such agreement not to be unreasonably withheld, conditioned or delayed) (collectively, the \u201cAdditional Financing Transactions\u201d and, together with the Initial Financing Transactions, the \u201cTransaction Financing\u201d).\n(b) SPAC, the Company and Pubco shall, and shall cause their respective Representatives to, reasonably cooperate with the others in connection with such Additional Financing Agreements (including having the Company\u2019s senior management participate in any investor meetings and roadshows as reasonably requested by SPAC). Except to the extent permitted pursuant to the terms of the Financing Agreements or otherwise approved in writing by the Company and SPAC (each of which approval shall not be unreasonably withheld, conditioned or delayed), and except for any of the following actions that would not materially increase conditionality or impose any new material obligation on the Company, Pubco or SPAC, during the Interim Period, SPAC, the Company and Pubco shall not (i) reduce the committed investment amount to be received by SPAC, Pubco or the Company under any Financing Agreement or reduce or impair the rights of SPAC, the Company or Pubco under any Financing Agreement or (ii) permit any amendment or modification to be made to, any waiver (in whole or in part) of, or provide consent to modify (including consent to terminate), any provision or remedy under, or any replacements of, any of the Financing Agreements, in each case, other than any assignment or transfer contemplated therein or expressly permitted thereby (without any further amendment, modification or waiver to such assignment or transfer provision). 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{"key": "in-accordance-with", "type": "clause", "offset": [290, 308]}], "hash": "8e3d456b020bffe25774ca694dbb163a", "id": 5}, {"size": 4, "snippet": "Each of the Acquiror Parties and the Company shall use reasonable best efforts to take, or cause to be taken, all actions and do, or cause to be done, all things necessary, proper or advisable to consummate the transactions contemplated by the Transaction Financing Agreements, including maintaining in effect such agreements and to satisfy on a timely basis all conditions and covenants applicable to it in the Transaction Financing Agreements and otherwise comply with its obligations thereunder to consummate transactions contemplated by the Transaction Financing Agreements at or prior to the Share Exchange Closing.", "samples": [{"hash": "iiJYmMBrUBj", "uri": "/contracts/iiJYmMBrUBj#transaction-financing", "label": "Business Combination Agreement (Prime Number Holding LTD)", "score": 34.4674873352, "published": true}, {"hash": 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Company, the SPAC shall use its reasonable best efforts to obtain additionally transaction financing on terms reasonably satisfactory to SPAC and the Company (a \u201cPIPE Investment Procured by SPAC\u201d and together with the PIPE Investment Procured by Company, the \u201cPIPE Investments\u201d).", "samples": [{"hash": "a1fhZ1tpKbL", "uri": "/contracts/a1fhZ1tpKbL#transaction-financing", "label": "Merger Agreement (Alphatime Acquisition Corp)", "score": 35.0095825195, "published": true}], "snippet_links": [{"key": "during-the-interim-period", "type": "clause", "offset": [0, 25]}, {"key": "the-company-shall", "type": "clause", "offset": [31, 48]}, {"key": "efforts-to-obtain", "type": "clause", "offset": [73, 90]}, {"key": "aggregate-amount", "type": "definition", "offset": [120, 136]}, {"key": "form-of", "type": "definition", "offset": [170, 177]}, {"key": "written-commitments", "type": "clause", "offset": [183, 202]}, {"key": "good-faith", "type": "clause", "offset": [255, 265]}, {"key": "by-investors", "type": "clause", "offset": [280, 292]}, {"key": "placement-of", "type": "definition", "offset": [307, 319]}, {"key": "alternative-financing", "type": "clause", "offset": [342, 363]}, {"key": "conditions-to", "type": "definition", "offset": [387, 400]}, {"key": "agreed-by", "type": "clause", "offset": [404, 413]}, {"key": "and-the-company", "type": "clause", "offset": [419, 434]}, {"key": "by-company", "type": "clause", "offset": [464, 474]}, {"key": "the-pipe-investment", "type": "clause", "offset": [517, 536]}, {"key": "pipe-investments", "type": "definition", "offset": [809, 825]}], "hash": "9501db7023fa79481949b2ca06a60bb1", "id": 7}, {"size": 2, "snippet": "As soon as practicable after the signing of this Agreement, each of SPAC, the Company, and , Sponsor, shall jointly exercise their reasonable best efforts to obtain transaction financing (\u201cTransaction Financing\u201d), in the form of signed agreements for a private placement of equity, or other alternative financing, from Transaction Investors, to be agreed by SPAC and the Company, in an aggregate amount of not less than $20,000,000.", "samples": [{"hash": "gL0pK1s3lpq", "uri": "/contracts/gL0pK1s3lpq#transaction-financing", "label": "Merger Agreement (RF Acquisition Corp.)", "score": 32.8069801331, "published": true}, {"hash": "bFvci0mmcwy", "uri": "/contracts/bFvci0mmcwy#transaction-financing", "label": "Merger Agreement (RF Acquisition Corp.)", "score": 32.8069801331, "published": true}], "snippet_links": [{"key": "as-soon-as-practicable", "type": "definition", "offset": [0, 22]}, {"key": "signing-of-this-agreement", "type": "clause", "offset": [33, 58]}, {"key": "efforts-to-obtain", "type": "clause", "offset": [147, 164]}, {"key": "form-of", "type": "definition", "offset": [221, 228]}, {"key": "signed-agreements", "type": "definition", "offset": [229, 246]}, {"key": "placement-of", "type": "definition", "offset": [261, 273]}, {"key": "alternative-financing", "type": 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For any financing for which HCFP would be entitled to the Management Right but for the fact that its gross proceeds are $25 million or more, HCFP shall be entitled to (i) act as a co-managing underwriter, co-managing agent or co-managing arranger for such financing (\u201cCo-Manager\u201d) or at such other level as HCFP shall reasonably elect and (ii) assist the Company in identifying, selecting and negotiating with the lead underwriter, agent or arranger for such financing.", "samples": [{"hash": "9dhF4vSmPDn", "uri": "/contracts/9dhF4vSmPDn#transaction-financing", "label": "Merger & Acquisition Advisory Agreement", "score": 31.3408622742, "published": true}, {"hash": "fJm5SWC167E", "uri": "/contracts/fJm5SWC167E#transaction-financing", "label": "Merger and Acquisition Advisory Agreement (Juniper Partners Acquisition Corp.)", "score": 19.0, "published": true}], "snippet_links": [{"key": "during-the-term", "type": "clause", "offset": [0, 15]}, {"key": "the-right", "type": "clause", "offset": [33, 42]}, {"key": "management-right", "type": "clause", "offset": [45, 61]}, {"key": "to-serve", "type": "definition", "offset": [64, 72]}, {"key": "managing-underwriter", "type": "definition", "offset": [76, 96]}, {"key": "placement-agent", "type": "definition", "offset": [107, 122]}, {"key": "managing-arranger", "type": "definition", "offset": [126, 143]}, {"key": "in-connection-with", "type": "clause", "offset": [179, 197]}, {"key": "by-the-company", "type": "clause", "offset": [214, 228]}, {"key": "of-the-company", "type": "clause", "offset": [260, 274]}, {"key": "aggregate-gross-proceeds", "type": "definition", "offset": [280, 304]}, {"key": "proposed-financing", "type": "clause", "offset": [340, 358]}, {"key": "the-market", "type": "definition", "offset": [390, 400]}, {"key": "for-transactions", "type": "clause", "offset": [401, 417]}, {"key": "the-management", "type": "definition", "offset": [486, 500]}, {"key": "the-fact", "type": "clause", "offset": [515, 523]}, {"key": "managing-agent", "type": "clause", "offset": [640, 654]}, {"key": "assist-the", "type": "clause", "offset": [776, 786]}, {"key": "company-in", "type": "clause", "offset": [787, 797]}, {"key": "lead-underwriter", "type": "definition", "offset": [846, 862]}], "hash": "b56e49b1ee5585c557834317b1e73a3f", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih50cmFuc2FjdGlvbi1maW5hbmNpbmcjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 129, "title": "Transaction Financing", "children": [["", ""], ["notices", "NOTICES"], ["assignment", "ASSIGNMENT"], ["termination", "TERMINATION"], ["governing-law", "GOVERNING LAW"]], "parents": [["additional-agreements", "Additional Agreements"], ["conditions-to-merger", "Conditions to Merger"], ["additional-conditions-to-obligations-of-the-company", "Additional Conditions to Obligations of the Company"], ["covenants", "Covenants"], ["joint-covenants", "Joint Covenants"]], "id": "transaction-financing", "related": [["purchaser-financing", "Purchaser Financing", "Purchaser Financing"], ["bank-financing", "Bank Financing", "Bank Financing"], ["pre-financing", "Pre-financing", "Pre-financing"], ["seller-financing", "Seller Financing", "Seller Financing"], ["bridge-financing", "Bridge Financing", "Bridge Financing"]], "related_snippets": [], "updated": "2026-05-07T05:32:46+00:00", "also_ask": ["What are the essential representations and covenants to include for lender protection?", "How can parties structure conditions precedent to maximize negotiation leverage?", "What are the most common enforceability challenges courts scrutinize in financing clauses?", "How does this clause compare to market-standard financing provisions in similar transactions?", "What are the critical risks if financing fails to materialize, and how should remedies be drafted?"], "drafting_tip": "Specify financing sources and terms to ensure clarity; require lender consent for material changes to protect lender interests; define default triggers to facilitate enforcement.", "explanation": "The Transaction Financing clause outlines the terms and conditions under which one or more parties will secure funding necessary to complete a transaction. Typically, this clause specifies the type of financing to be obtained, the timeline for securing such financing, and any obligations or contingencies if financing cannot be arranged. For example, it may require a buyer to obtain a loan commitment by a certain date or allow for termination if financing falls through. Its core function is to allocate responsibility for obtaining funds and to provide a clear framework for what happens if financing is not secured, thereby reducing uncertainty and risk for all parties involved."}, "json": true, "cursor": ""}}