Cash Confirmation definition
Examples of Cash Confirmation in a sentence
Each notice of commitment reductions shall be irrevocable; provided that such notice may state that it is conditioned upon the consent of the Cash Confirmation Provider or the effectiveness of other credit facilities or any other financing, sale or other transaction.
In the event that funds are deposited in escrow pursuant to the preceding sentence, the Commitments shall be reduced on a Sterling for Sterling basis to the extent that such escrow arrangement and such Commitment reduction are approved by the Cash Confirmation Provider pursuant to the following sentence.
The terms of the Debt Commitment Letter, and other supporting information provided by the Company to the Financial Advisor shall be such as is reasonable and customary in the UK so as to enable, when taken together with the Equity Commitment Letter, the Financial Advisor to provide the Cash Confirmation Statement in accordance with the UK Takeover Code.
If (i) and/or (ii) is not satisfied, then Harbinger may agree to increase the Equity Cash Confirmation Amount that the Harbinger Satellite Fund or Harbinger Designee has provided pursuant to Article XI or may require the Company to use its reasonable best efforts to increase the amounts available under the Debt Financing, so as to enable Harbinger to require an increase in the Firm Offer Price.
As promptly as practicable after the date of this Agreement, the Buyer shall prepare, and the Offeror shall submit to BaFin on the date that is required under the German Takeover Act, an offer document (Angebotsunterlage) including the Cash Confirmation and any further disclosure information as deemed necessary or beneficial by the Parties (the "Tender Offer Document").
The Administrative Agent shall promptly notify the Borrower, the Lenders and the Cash Confirmation Advisor of the occurrence of the Effective Date and such notice shall be conclusive and binding absent manifest error.
If the Company's Board approves making the Firm Offer on the terms and conditions set forth in the Notification (subject only to the Financial Advisor providing a cash confirmation in respect of the Cash Confirmation Amount) it shall so notify Harbinger immediately following its decision (the "Company Approval").
Subject to the preceding provisions of this Article XIII and subject to the Financial Advisor confirming that it is prepared to deliver a Cash Confirmation Statement, subject to the Company entering into the Debt Commitment Letter relating to the Debt Financing in accordance with Section 12.1(f), the Parties, shall promptly procure the release of the Firm Offer Announcement to a Regulatory Information Service at such time and on such date as may be agreed by the Parties.
Any such issuance shall be underwritten on a firm commitment basis by a Qualified Underwriter on such terms so that the Financial Advisor can provide the Cash Confirmation Statement with respect to the Debt Cash Confirmation Amount in accordance with Section 12.1(f) below.
The Equity Commitment Letter shall confirm the amount of committed equity financing (such amount, as may be increased pursuant to Article XIV, the "Equity Cash Confirmation Amount") which will be available to the Company on the Closing Date on a Certain Funds Basis pursuant to Section 11.2(b).