Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 212

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 212
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 consummate the Debt Financing on the terms and subject to the conditions described in the debt commitment letter, dated as of the date of the Merger Agreement (together with all exhibits, annexes, schedules and term sheets attached thereto, the “ Debt Commitment Letter”) and/or the fee letter referred to in the Debt Commitment Letter, including using reasonable best efforts to maintain in full force and effect the Debt Commitment Letter until the Closing, satisfy all applicable conditions to funding of the Debt Financing that are within its or their control, negotiate and enter into definitive agreements with respect to the Debt Financing and consummate the Debt Financing at or prior to the Closing. Without Enfusion’s prior written consent, Clearwater and Clearwater LLC will not permit or agree to any termination of or amendment to, or grant a waiver of any provision under, the Debt Commitment Letter if such amendment or waiver will or would be reasonably expected to, as applicable, have certain negative impacts on the certainty of the Closing as specified in the Merger Agreement, including reducing the aggregate amount of the Debt Financing below a certain required amount and imposing new conditions or expanding existing conditions to the Debt Financing that would reasonably be expected to materially delay or prevent the Closing. Upon prior written request by Enfusion, Clearwater will keep Enfusion informed on a reasonably current basis and in reasonable detail of the status of the Debt Financing and will promptly notify Enfusion of certain other material events specified in the Merger Agreement, including termination of the Debt Commitment Letter or material defaults or material breach of the terms or conditions set forth therein. If any portion of the Debt Financing becomes unavailable on the terms and conditions in the Debt Commitment Letter, Clearwater will use its reasonable best efforts to arrange and obtain an alternative financing subject to the terms and conditions specified in the Merger Agreement. Prior to the Closing, Enfusion will use its reasonable best efforts to, and will cause its subsidiaries and representatives to use reasonable best efforts to, provide such cooperation as is customary, required and reasonably requested by Clearwater in connection with the obtaining and arranging of the Debt Financing, including using reasonable best efforts to assist in preparing marketing materials, participate in lender meetings, road shows and other similar meetings, provide historical financial statements and financial and other pertinent information required in connection with the Debt Financing and facilitate or provide information for negotiation and execution of the definitive agreements with respect to the Debt Financing. Such cooperation is subject to certain exceptions and limitations specified in the Merger Agreement. Obtaining any financing (including the Debt Financing) is not