Purchase Agreement: Financing Condition | Practical Law

Purchase Agreement: Financing Condition | Practical Law

A closing condition which permits the buyer not to close an acquisition if it is unable to obtain the necessary financing, also known as a financing out. These provisions can be used in connection with a private stock purchase, asset purchase, or merger. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

Purchase Agreement: Financing Condition

Practical Law Standard Clauses 5-383-6603 (Approx. 7 pages)

Purchase Agreement: Financing Condition

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A closing condition which permits the buyer not to close an acquisition if it is unable to obtain the necessary financing, also known as a financing out. These provisions can be used in connection with a private stock purchase, asset purchase, or merger. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.