Proceeds of Financing. The proceeds of the debt financing available to the Purchaser, which shall be sufficient, to pay the Cash Merger Consideration plus any Estimated Closing Date Company Contribution Adjustment, if any, less any Estimated Closing Date Seller Contribution Adjustment, if any, upon the Effective Time, shall be available to the Purchaser and Inorganics at the Closing.
Proceeds of Financing. The proceeds of the sale of the Note will be used by the Company for (i) general operating expenses of the Company and (ii) to repay a former shareholder loan of $103,501.16 to the estate of Xxxxxxx Xxxxxx.
Proceeds of Financing. The proceeds of the sale of the Notes shall be used by the Company solely for (i) general operating expenses of the Company and (ii) to hire additional marketing employees for the Company. The portion of the proceeds of the sale of the Ford Shares which would have otherwise been received by Rxxxxxx X. Xxxx, as such portion is set forth opposite Mx. Xxxx'x name on Schedule II hereto, shall be delivered directly to the Company in partial satisfaction of loans made to Mx. Xxxx by the Company. Except for the Agreement in Partial Settlement of T/F Purifiner, Inc. Issues (the "Settlement Agreement"), the Company will not use any of the proceeds from the sale of the Note for the repayment of any loans made to any shareholder of the Company or dividends or other Restricted Payments (as defined in Section 6.5 below).
Proceeds of Financing. The proceeds of the issuance of the Senior Subordinated Note hereunder shall be used to finance the acquisition of Shares of Xxxxxxxx and for general corporate purposes.
Proceeds of Financing. Purchaser shall have obtained debt financing from the lenders referred to in the Commitment Letters on the terms and structure contemplated by the term sheets attached to the Commitment Letters. Third Party Consents. All of the Third Party Consents set forth in Section 3.6(b) of the Seller Disclosure Letter shall have been obtained or given, except for Third Party Consents which, if not obtained or given, would not individually, or in the aggregate, reasonably be expected to have a Company Material Adverse Effect. Encumbrance Releases. All of the Encumbrance Releases or the Clean Policies referred to in Section 5.14 of this Agreement shall have been obtained.
Proceeds of Financing. The proceeds of the issuance and sale of the Notes shall be used by Borrower for working capital.
Proceeds of Financing. Purchaser shall have obtained debt --------------------- financing from the lenders referred to in the Commitment Letters on the terms and structure contemplated by the term sheets attached to the Commitment Letters.
Proceeds of Financing. The proceeds of the issuance and sale of ----------------------- the Series A Preferred Stock shall be used by Taylor Madison for working capital, including growth and capital initiatives, investor relations and public relations.
Proceeds of Financing. The proceeds of the issuance of the Units hereunder will be used for one or more of the following purposes: (i) to pay overdue obligations to vendors or lessors; (iii) for working capital purposes; and (iv) to pay fees, costs, and expenses associated with the execution of this Agreement, and the transactions contemplated hereby.
Proceeds of Financing. In the event that prior to payment in full of the Closing Purchase Price (as determined under Section 2.1.1.4), any Buyer and/or Rio obtains equity and/or debt financing in a single transaction or a series of related transactions that in the aggregate yield proceeds of at least $3.5 million (“Qualified Financing”), Buyers and/or Rio shall pay to Sellers up to the full amount of the proceeds of the Qualified Financing to be applied against the then unpaid portion of the Closing Purchase Price (in the reverse order of maturity). Any unpaid portion of the Closing Purchase Price after the payment of such proceeds shall continue to be paid on the schedule set forth in Section 2.1.1.2. Buyers covenant and agree that they will use their best efforts to obtain a Qualified Financing as promptly as practicable.
