financing out
USA
A condition precedent contained in acquisition agreements that permits the buyer not to complete the acquisition if it cannot get sufficient financing to fund the acquisition. Financing outs are not seen as often as they were in the past due to the increased bargaining power of financial sponsors and sellers. Refers to allowing the buyer to get "out" of its agreement to buy the target company.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Out-of-pocket expenses — are direct outlays of cash which may or may not be later reimbursed. In operating a vehicle, gasoline, parking fees and tolls are considered out of pocket expenses for the trip. Insurance, oil changes, and interest are not, because the outlay of… …   Wikipedia

  • financing statement — Form prescribed under the Personal Property Security Act setting out essential information such as the name of the debtor and the collateral; the secured party must file the financing statement at the Personal Property Registry to perfect a… …   Glossary of Bankruptcy

  • Financing — The act of providing funds for business activities, making purchases or investing. Financial institutions and banks are in the business of financing as they provide capital to businesses, consumers and investors to help them achieve their goals.… …   Investment dictionary

  • financing statement — A document setting out a secured party s security interest in goods. A document designed to notify third parties, generally prospective buyers or lenders, that there may be an enforceable security interest in the property of the debtor. Villa v.… …   Black's law dictionary

  • financing statement — A document setting out a secured party s security interest in goods. A document designed to notify third parties, generally prospective buyers or lenders, that there may be an enforceable security interest in the property of the debtor. Villa v.… …   Black's law dictionary

  • Financing Corporation — ( FICO) A government agency chartered in 1987 to bail out the Federal Savings and Loan Insurance Corporation (FSLIC ) by issuing ( issue) bonds. Bloomberg Financial Dictionary …   Financial and business terms

  • financing expenses — (Accounting) raising money or taking out loans to cover business expenses (including interest and linkage differentials) …   English contemporary dictionary

  • Coal phase out — A coal phase out is a type of fossil fuels policy that dictates the gradual shutdown of operating coal fired power plants while prohibiting construction of new plants. Main Causes Environment Global warming The primary reasons for a government to …   Wikipedia

  • Debtor-in-possession financing — or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this security is more senior than debt, equity, and any other securities issued by a company. It gives a …   Wikipedia

  • Terrorist financing — is a topic that shot into the limelight after the events of September 11, 2001. The US passed the USA PATRIOT Act, among other reasons, to ensure that both combating the financing of terrorism (CFT) and anti money laundering (AML) was given… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”