Acquisition Funding. At the expiration of the Offer, the Merger Sub will have available cash sufficient to consummate the Offer and the Merger and to pay all fees and expenses in connection therewith.
Acquisition Funding. It is agreed that the acquisition consideration may be funded by debt funding and equity funding (or a combination of both) at Nickel Mines’ sole discretion. The Company is pleased to advise that discussions with banks and other financial institutions are well progressed with acquistition consideration currently proposed to be 50% debt funding and 50% equity funding although these percentages may, depending on market conditions, vary at Nickel Mines’ sole discretion. Further details on these arrangements will be announced in the near future when available. Commenting on the signing of the Agreement to secure its participation in Xxxxx Xxxxxx, Managing Director Xxxxxx Xxxxxx said: “We are extremely pleased to have converted our initial MoU into a binding Agreement with Shanghai Decent and to have secured our equity participation in the Xxxxx Xxxxxx development project currently under way within the Indonesia Weda Bay Industrial Park. This transaction is transformative for the Company in that it will essentially double the Company’s NPI production capacity and provide us with operational footprints within what will be the two largest nickel production centres globally over the next decade. Additionally, this Weda Bay collaboration cements and further extends our excellent relationship with Shanghai Decent who have continued to deliver both exceptional operational performance across our existing shared projects and valued shareholder support to the Nickel Mines executive team. With construction of Xxxxx Xxxxxx already underway we look forward to providing regular updates to the market on the progress of this exciting new development project”. This announcement has been approved for release by the Company’s Managing Director. For further information please contact: Xxxxxx Xxxxxx Xxxxxxx Xxxxxxx Managing Director Investor Relations and Business Development xxxxxxx@xxxxxxxxxxx.xxx.xx xxxxxxxx@xxxxxxxxxxx.xxx.xx +00 000 0000 0000 +00 000 000 000 pjn10579 About Weda Bay In a similar manner to the Indonesia Morowali Industrial Park (‘IMIP’) where the Company’s existing Hengjaya Nickel and Ranger Nickel RKEF projects are located, the Tsingshan group is rapidly developing the IWIP as a new nickel production frontier, with growing nickel pig iron supply from Indonesia set to increasingly displace higher cost production from China. As with the IMIP, Xxxxxxxxx is collaborating with a number of different partners (who currently include Eramet, Zhejiang Huayou Cobalt and ...
Acquisition Funding. To the extent that any Credit ------------------- Extension will be used in connection with any Acquisition, such Acquisition shall satisfy the terms of a "Permitted Acquisition" and the Borrower shall deliver to the Lenders a Compliance Certificate, attaching such pro forma --- ----- financial and other information (after giving effect to the applicable Acquisition and the making of the requested Loans) as shall be necessary to evidence that no Event of Default or Default will occur.
Acquisition Funding. PDC agrees to provide up to $5 million in URA TIF towards the acquisition of the ZY Park no earlier than FY 2022-2023. Starting in FY 2021-2022, TIF Greenway funding in the North District will be monitored annually as part of the PDC’s North Macadam URA budget process to ensure there will be adequate TIF funds for the acquisition of the ZY Park as contemplated herein (the “Park Acquisition”) and future recreation needs in the entire South Waterfront District. Similarly, starting in FY 2021-2022, PP&R System Development Charges funding in the Central City will be monitored annually as part of PP&R’s budget process to ensure there will be adequate City funds for contribution to the Park Acquisition, design and construction.
Acquisition Funding. In case of a borrowing of Acquisition Revolving Loans, the Agents and Lenders shall have received such certificates and documents as the either Agent or Required Lenders may have requested to confirm that such acquisition is a Permitted Acquisition and that such Acquisition Revolving Loans will be used for the purpose of paying Acquisition Consideration payable in cash at the consummation of an acquisition. Each borrowing by the Borrower under this Agreement shall constitute a representation and warranty by the Borrower that, except as set forth in a written waiver delivered by the Required Lenders, the conditions set forth in this Section 5.2 have been satisfied.
Acquisition Funding. The HT Skills acquisition was funded through the issuance of 221,985 shares of common stock valued at $10,655,280. As a result, the Company’s initial value of goodwill is approximately $10,298,214.
Acquisition Funding. On the Closing Date, Purchaser will have sufficient funds to satisfy its payment obligations under Article II.
Acquisition Funding. The Purchase Price (as defined in the Purchase Agreement) needed to consummate the Acquisition was funded by Hartree to the Borrower and the source of such funds was cash on hand of, or equity contributions made to, Hartree. Neither Guarantor has borrowed under the Hartree Credit Facility in order to fund the Purchase Price for the Acquisition. Table of Contents
Acquisition Funding. The Member Digital acquisition was funded through the issuance of 1,250,000 shares of common stock valued at $1,000,000. As a result, the Company’s initial value of goodwill is approximately $897,792 before the adjustment for the valuation of intangibles.
Acquisition Funding. Upon approval of the Proponent’s Property Acquisition Package and the final determination of the total amount of MURA Funding required to ensure that the operation of the proposed Eligible Property is financially viable, the balance of the MURA Funding will be advanced to the Proponent’s solicitor, before the Closing Date: • in accordance with the terms and conditions of the Escrow Agreement; • subject to the Proponent entering into a CA, substantially in the form of the CA attached to the RFP; and • the conditions to advancing the Acquisition Funding, set out in the CA, having been met or waived by the City.
