What Is Financial Contract?
The Administrative Agent shall have received (i) a Notice of Borrowingpursuant to Section 2.02 hereof and (ii) a Letter of Credit Application pursuant to Section 3.02(a) hereof, if applicable. The making of the initial Loans or the issuance of any Letters of Credit shall not contravene any law, rule or regulationapplicable to any Agent, any Lender or the L/C Issuer. Nothing contained in this Section 3.08 shall be deemed to relieve the Administrative Agent or the L/C Issuer fromany claim by any of the Borrowers for the gross negligence or willful misconduct of the Administrative Agent or the L/C Issuer, respectively, in respect of honoring or failing to honor any drawing under any Letter of Credit or otherwise in respectof any Letter of Credit, but any such claim may not be used as a defense to the reimbursement obligation for any such drawing. (c) The Administrative Agent shall use its reasonable efforts to notify the Lenders of the request by the Administrative Borrower for a Letterof Credit hereunder. Such corresponding amount to the Administrative Agent, notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, the amount so advanced by theAdministrative Agent to the Borrowers shall, for all purposes hereof, be a Revolving Loan made to the Borrowers, by the Administrative Agent for its own account.
Understanding Covenants
Although the types of religious covenants specifically within the Bible are discussed below, covenants are a common part of Christianity, Islam, Hinduism, and Buddhism. Covenants have been historically used to discriminate against race, religion, or sexual orientation. For example, more than 500 of these historical covenants were discovered applying to 20,000 properties in King County, Washington. Supreme Court rulings and state law now make these discriminatory covenants illegal. In its broadest sense, a covenant is a promise, agreement, or contract between two parties.
I have been at top AML law firms; a Vice President at an Investment Bank, a Civil Court Arbitrator presiding over cases in contract law, commercial law, a Hearing Officer, presiding over cases and rendering written decisions, and a Judicial Clerk to a Civil Court Judge. It would be a privilege to assist you and your business with my services. Installment payments for assets leased under an operating agreement are recognized as a rent expense on a balance sheet. They are recorded in financial statements under the cost of sales or operating expenses. This is different from a finance lease, where the payments for the leased asset are recorded as an amortization expense and interest expense.
“Acquired Indebtedness” means Indebtedness of a Person whose assets or Equity Interests are acquired by a Loan Party in aPermitted Acquisition; provided that (x) such Indebtedness was in existence prior to the date of such Permitted Acquisition and was not incurred in connection with, or in contemplation of, such Permitted Acquisition and (y) suchIndebtedness is not secured by any Liens on the assets of any Loan Party or any Subsidiary of any Loan Party except for Permitted Liens. This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Evercore is acting as financial advisor and Richards, Layton & Finger, P.A. Is acting as legal advisor to the EnLink Conflicts Committee, and Baker Botts L.L.P. is acting as legal advisor to EnLink. On Oct. 15, 2024, ONEOK announced the successful completion of its acquisition of Global Infrastructure Partners’ (GIP) entire interest in EnLink for a total cash consideration of approximately $3.3 billion.
Additionally, the agreement contains a provision allowing the lender to seize all of Tom’s personal assets in the event of a default, even though the loan amount is relatively How to buy a bot small. A finance agreement, also known as a loan agreement or financial contract, is a legally binding document that outlines the terms and conditions of a financial transaction between two parties. These two parties are typically a creditor (lender) and a borrower (debtor). However, due to the low risk involved, the return rates are usually low.
A lawyer can provide you with valuable guidance in case any disputes or legal issues arise during the course of the financial arrangement. Under contract laws, the finance agreement sets out the rights and responsibilities of both parties and establishes the framework for repayment of the borrowed funds. In connection with the proposed transaction, ONEOK will file with the SEC a registration statement on Form S-4 (the “Registration Statement”) to register the shares of ONEOK’s common stock to be issued pursuant to the proposed transaction, which will include a prospectus of ONEOK and a proxy statement of EnLink (the “proxy statement/prospectus”). Each of ONEOK and EnLink may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Registration Statement, proxy statement/prospectus or any other document which ONEOK or EnLink may file with the SEC in connection with the proposed transaction. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO, AND RELATED MATTERS.
What is a financial agreement?
- In the broad sense, financial contracts are legally binding agreements that outline the terms and conditions of a transaction between two or more parties.
- (viii) such other agreements, instruments, approvals or other documents reasonably requested by the Collateral Agent in orderto create, perfect, establish the first priority of (subject to Permitted Liens) or otherwise protect any Lien purported to be covered by any such Security Agreement Supplement, Additional Mortgage, or other comparable document to the applicableSecurity Documents or otherwise to effect the intent that the Additional BorrowerGuarantor shall become bound by all of the terms, covenants and agreements contained in the Loan Documents and that all property and assets (other than ExcludedProperty (as defined in the Security Agreement)) of such Subsidiary shall become Collateral for the Obligations free and clear of all Liens other than Permitted Liens.
- Subject to the terms and conditions hereof (including Section 2.01(b) hereof), the L/CIssuer shall issue or cause the issuance of standby and/or trade letters of credit (collectively, “Letters of Credit”) for the account of the Borrowers or any of their Subsidiaries upon the request of Administrative Borrower (eachsuch Letter of Credit, a “Letter of Credit”), which such Letters of Credit shall be denominated in Dollars.
- The Lenders, the Bank Product Providers and the L/C Issuer of all or any part of the Guaranteed Obligations, (ii) all of the Guaranteed Obligations, and all other amounts payable under this ARTICLE XI shall be Paid inFull and (iii) the Final Maturity Date shall have occurred, the Agents, the Lenders, the Bank Product Providers and the L/C Issuer will, at such Guarantor’s request and expense, execute and deliver to such Guarantor appropriate documents,without recourse and without representation or warranty, necessary to evidence the transfer by subrogation to such Guarantor party hereto of an interest in the Guaranteed Obligations, resulting from such payment by such Guarantor party hereto.
- While a Trump adviser told CNN earlier this month that the president-elect plans to sign the documents, a timeline was not provided for when that would be completed.
- The Borrowers will not later than five (5) Business Days after the occurrence thereof, prepay the RevolvingLoans or provide Cash Collateral up to the outstanding amount of the Letter of Credit Obligations at any time when the aggregate principal amount of all Revolving Loans plus the outstanding amount of all Letter of Credit Obligations exceeds theBorrowing Base, to the full extent of any such excess.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered by theirrespective officers thereunto duly authorized, as of the date first above written. WHEREAS, the Additional BorrowerGuarantor has determined that the execution, delivery and performance of this Agreement directly benefit,and are within the corporate purposes and in the best interests of, the Additional BorrowerGuarantor. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by theirrespective officers thereunto duly authorized, as of the date first above written. (d) The indemnities and waivers set forth in this Section 12.16 shall survive the repaymentof the Obligations and discharge of any Liens granted under the Loan Documents. (e) Upon receipt by the Administrative Agent of a completed Assignment and Acceptance, andsubject to any consent required from the Administrative Agent, the Administrative Borrower or the Collateral Agent pursuant to Section 12.07(b) (which consent of the Collateral Agent must be evidenced by the Collateral Agent’s execution of anacceptance to such Assignment and Acceptance), the Administrative Agent shall accept such assignment, record the information contained therein in the Register and provide to the Collateral Agent a copy of the fully executed Assignment andAcceptance. (viii) amend the definition of “Availability”, “Book Value”, “Borrowing Base” (or any defined term usedtherein), “Eligible Accounts Receivable”, “Eligible Domestic Accounts Receivable”, Eligible Foreign Accounts Receivable”, “Eligible Domestic In-Transit Inventory” (or anydefined term used therein), “Eligible Foreign In-Transit Inventory” (or any defined term used therein), “Eligible Inventory”, “Eligible Special Inventory”,“Dilution”, “Dilution Reserves”, “Net Amount of Eligible Accounts Receivable”, “Permitted Special Inventory Amount” or “Reserves” (or any defined term for any particular reserve referenced therein)),in each case, without the written consent of the Required Revolving Loan Lenders and the Required Lenders.
Create, incur or suffer to exist, or permit any of its Subsidiaries to create, incur or suffer to exist, anyobligations as lessee (i) for the payment of rent for any real or personal property in connection with any sale and leaseback transaction (other than any existing sale and leaseback transaction in effect on the Effective Date), or (ii) forthe payment of rent for any real or personal property under leases or agreements to lease other than Operating Lease Obligations entered into in the ordinary course of business and Capitalized Lease Obligations otherwise permitted hereunder. All national and Federal, and all material state, provincial and local tax returns andother reports required by applicable Requirements of Law to be filed by any Loan Party or any of its Subsidiaries have been filed, or extensions have been obtained, and all taxes, assessments and other governmental charges imposed upon any LoanParty or any of its Subsidiaries or any property of any Loan Party or any of its Subsidiaries and which have become due and fusion markets broker review payable on or prior to the date hereof have been paid, except (i) to the extent contested in good faith by properproceedings which stay the imposition of any penalty, fine or Lien resulting from the non-payment thereof and with respect to which adequate reserves have been set aside for the payment thereof in accordancewith GAAP or (ii) in the case of any Subsidiary that is not a Loan Party, relating to amounts that are not material. Each Loan Party is resident for Tax purposes only in the jurisdiction of its incorporation. (i) The Financial Statements, copies of which have been delivered to each Agent, fairly present the consolidated financial condition of Funkoand its Subsidiaries as at the respective dates thereof and the consolidated results of operations of Funko and its Subsidiaries for the fiscal periods ended on such respective dates, all in accordance with GAAP (subject to the absence of footnotesand year-end adjustments in the case of the Financial Statements described in clause (b) of the definition of Financial Statements). Except as set forth on Schedule 6.01(g), all material indebtedness andother material liabilities (including, without limitation, Indebtedness, liabilities for taxes, long-term leases and other unusual forward or long-term commitments), direct or contingent, of Funko and its Subsidiaries are set forth in the FinancialStatements, but excluding any liabilities incurred in the ordinary course of business since the date of the last Financial Statements.
These contracts play a vital role in corporate finance, helping businesses manage risks, secure funding, and facilitate mergers and acquisitions. In this guide, we will explore types of financial contracts commonly used by CFOs and finance professionals. Use this financial agreement template to create a legally binding contract that outlines the terms and conditions of a financial arrangement between two or more parties. The specific terms of the financial agreement will depend on the nature of the arrangement and the needs and goals of the parties involved.
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“Excluded Foreign Subsidiary” means any subsidiary of the Ultimate Parent (i) that is a “controlled foreigncorporation” as defined in the Internal Revenue Code, (ii) all or substantially all of the assets of which consist of stock of one or more subsidiaries described in clause (i) above, in each case that has not guaranteed or pledged anyof its assets or suffered a pledge of more than 65% of its voting stock to secure, directly or indirectly, any indebtedness of the Loan Parties or (iii) any direct or indirect domestic subsidiary of a direct or indirect foreign subsidiary ofthe Ultimate Parent (and any direct or indirect domestic subsidiary that is a disregarded entity for U.S. federal income tax purposes if substantially all of its assets consist of the equity or indebtedness of one or more direct or indirect foreignsubsidiaries). “Environmental Actions” means any complaint, summons, citation, notice, directive, order, claim, litigation, investigation,judicial or administrative proceeding, judgment, letter or other communication from any Person or Governmental Authority involving violations of Environmental Laws or Releases of Hazardous Materials (a) from any assets, properties or businessesowned or operated by any Loan Party or any of its Subsidiaries or any predecessor in interest; (b) from adjoining properties or businesses; or (c) onto any facilities which received Hazardous Materials generated by any Loan Party or any ofits Subsidiaries or any predecessor in interest. “Eligible Customs Broker” shall mean Radiant Customs Services Inc. or anothercustoms broker that has its principal assets and principal place of business in the United States and which is acceptable to Administrative Agent in its Permitted Discretion and with which Collateral Agent has entered into a freight forwarderagreement, in form and substance acceptable to Administrative Agent in its Permitted Discretion. “Disposition” means any transaction, or series of related transactions, pursuant to which any Person or any of itsSubsidiaries sells, assigns, transfers or otherwise disposes of any property or assets (whether now owned or hereafter acquired) to any other Person, in each case, whether or not the consideration therefor consists of cash, securities or otherassets owned by the acquiring Person, excluding any sales of Inventory in the ordinary course of business.
Effective Date:
“Eligible Contract Participant” means an “eligible contract participant” as definedin the CEA and regulations thereunder. (o) the AdministrativeAgent is, and continues to be, satisfied with the credit standing of the Account Debtor in relation to alpari forex broker review the amount of credit extended, either with respect to such Account Debtor overall and/or specifically with respect to any foreign offices of suchAccount Debtor, and the Administrative Agent believes, in its Permitted Discretion, that the prospect of collection of such Account Receivable is not impaired for any reason. “Dollar Equivalent” means at any time (i) as to any amount denominated inDollars, the amount thereof at such time, and (ii) as to any amount denominated in any other currency, the equivalent amount in Dollars calculated by the Administrative Agent in good faith at such time using the Exchange Rate in effect on theBusiness Day of determination. “Collateral Assignment” means the Collateral Assignment of Acquisition Documents, dated as of the date hereof, and in formand substance reasonably satisfactory to the Collateral Agent, made by the Buyer in favor of the Collateral Agent. “Collateral Agent” has the meaning specified therefor in the preamble hereto. (e)a “Change of Control” (or any comparable term or provision) under or with respect to any Disqualified Equity Interests or the Subordinated Indebtedness of the Ultimate Parent or any of its Subsidiaries.