Additional Approved Funding Sample Clauses

Additional Approved Funding. Where: (a) any Designation Notice is delivered pursuant to clause 6.1; and (b) the Borrower has satisfied its obligations under clause 6.2 in respect of that Designation Notice and has delivered a certificate to the Security Trustee confirming the same; and (c) following completion of any steps required under clause 6.4, the Security Trustee will (subject to the Security Trustee not having received notice that a Default Event has occurred) enter the details of the Relevant Obligations on the register maintained by it under clause 12 and, with effect from the date on which such entry is recorded, the additional indebtedness of the relevant Obligor(s) to the proposed Beneficiary shall: (d) be an Approved Facility for the purposes of this Deed; (e) form part of the Outstandings to the relevant Beneficiary for the purposes of this Deed and rank and be secured on the same basis as specified in clause 4.2; and (f) be included and be taken into account as part of the Outstandings to the relevant Beneficiary for the purposes of distributions under clause 4.1.
Sample 1
AutoNDA by SimpleDocs

Related to Additional Approved Funding

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Force Majeure If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement through no fault of its own then such party shall give notice and full particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied upon. Upon delivering such notice, the obligation of the affected party, so far as it is affected by such Force Majeure as described, shall be suspended during the continuance of the inability then claimed but for no longer period, and such party shall endeavor to remove or overcome such inability with all reasonable dispatch. In the event that Vendor’s obligations are suspended by reason of Force Majeure, all TIPS Sales accepted prior to the Force Majeure event shall be the legal responsibility of Vendor and the terms of the TIPS Sale Supplemental Agreement shall control Vendor’s failure to fulfill for a Force Majeure event.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Definitions As used in this Agreement:

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!