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If a club approaches the governing body for financial help, the NRL will fund them on the premise that they relocate. ”What is going to be put into this is a clause that if any of. basically say.
SAMPLE FINANCING OUT LANGUAGE Sample Financing Out taken from a form of Merger agreement (revised april, 2000): The obligation of Purchaser to purchase and pay for the Acquired Assets is subject to the satisfaction (or waiver by Purchaser) on or prior to the Closing
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The financial considerations are undeniable, but reasons to add opt-out clauses are evolving. “[Yoenis] Cespedes is a great example; somebody that did a smaller deal with the ability to opt out of.
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the financing clause merely stated that buyer agreed to financing in a specified amount pursuant to loan negotiations with a third party lender. See also Kovarik v. Vesely, 3 Wis. 2d 573, 89 N.W.2d 279 (1958), wherein the financing clause stated, "This offer is contingent upon buyer’s ability to arrange above described financing."
Earn-out clauses: advantages and pitfalls. Another significant aspect of the use of such clauses is the length of delay in payment of the additional price (if it falls due). Reducing the economic pressure on the acquirer at closing may make the negotiation process easier – the acquirer may well agree to a lower.
What is a non-appropriation or funding out clause? The non-appropriation clause enables the lessee to recognize the lease obligation as a current expense rather than debt. A non-appropriation clause enables the lessee to terminate the lease agreement at the end of the current appropriation period without further obligation or penalty.
Home >> Publications >> The Financial management guidance series of Publications >> Model Clauses for Procurement contracts. model clauses for Procurement Contracts. Please note: The text below has been extracted from the hyperlinked documents.We recommend that you read the model clauses.
EXAMPLE 1 – simple example. 1.2.4 If and to the extent that the Operator suffers a delay during the Construction Period as a result of the Event of Force Majeure then it shall be entitled to an extension for the Time for Completion in accordance with Sub-Clause [ ]. 1.2.5 If an Event of Force Majeure results.