Continued Funding Sample Clauses

Continued Funding. Provided that Guarantor is fully performing or has fully performed its obligations under Section 1 hereof and notwithstanding that Borrower may be in default or there may have occurred any Default or an Event of Default under the Loan Documents, the Lenders shall continue to make Advances of the Loan in accordance with and subject to the terms of the Construction Loan Agreement for the benefit of Guarantor to fund any Guaranteed Obligations (but only to the extent there are unfunded amounts of the Loan allocated to the specific Guaranteed Obligations in the Approved Construction Budget, subject to the terms of the Construction Loan Agreement), so long as each of the following conditions precedent shall have been satisfied as of the date of each such Advance: (a) the representations and warranties of Borrower contained in all of the Loan Documents shall be true and correct in all material respects on and as of the date of any such Advance as though made on and as of that date, except for those representations (i) which pertain to the financial condition of Borrower or which are personal to Borrower, or (ii) which are inaccurate because of the existence of any Default or Event of Default which triggered Guarantor’s obligations hereunder or any other default of Borrower (provided Guarantor shall promptly commence and diligently prosecute the cure of any such Event of Default other than Events of Default arising because of the financial condition of Borrower or which are personal to Borrower); (b) no Event of Default under the Loan Documents or the Senior Loan Documents (other than an Event of Default resulting from a change in financial condition of Borrower or which is personal to Borrower), shall have occurred and be continuing unless such Event(s) of Default is of a nature that it could not be cured with diligent efforts by the date on which such Advance is requested and Guarantor shall have promptly commenced to cure such Event(s) of Default, upon demand by the Lenders hereunder, and diligently prosecuted such cure to the date such Advance is requested; and (c) Guarantor shall, at its sole expense, deliver or cause to be delivered (i) in connection with the Initial Advance, the items set forth in Section 3.2 of the Construction Loan Agreement and (ii) in connection with all other Advances, the items set forth in Section 3.3 of the Construction Loan Agreement (and with respect to the Final Advance, Section 3.4 of the Construction Loan Agreement) and, excep...

Continued Funding. The County's maintenance of each Case Worker position shall be subject to: (a) continued annual funding as determined by the Unit; AND

Continued Funding. The County’s maintenance of each Case Worker position shall be subject to: (a) continued annual funding as determined by the Unit; AND (b) continued annual funding as determined by the (County Name Here) Council. The Unit shall notify the County Auditor, in writing, on or before (Month and Day) of each year whether it intends to fund its Case Worker(s) position(s) for the following calendar year. At the time of hiring, each Case Worker shall acknowledge, in writing, that his/her respective position is subject to annual funding under this Interlocal Agreement and the terms and conditions of employment many change, including hours, wages, and benefits depending on such funding.

Continued Funding. To DKI's knowledge NFT Ventures, Inc., a Utah corporation ("NFT") has complied in all material respects with that certain Stock Purchase Agreement dated February 28, 1996 (the "NFT Stock Purchase Agreement") and the promissory note of NFT delivered with respect thereto (the "NFT Note"). NFT has no obligation to fund DKI other than as set forth in the NFT Stock Purchase Agreement and the NFT Note. The outstanding principal amount on the NFT Note as of the date hereof is as set forth on Schedule 3.3(a) of the DKI Disclosure Schedule.

Continued Funding. The Parties agree that following the total payment of the Capital Increase and prior to the Project Development Termination, any further funding required for the Project which has been approved by the Board in the Business Plans and Project Budgets of the Company and which not may be obtained from banks or financial institutions must be contributed by the Shareholders as equity injections in the Company or shareholders loans to the Company proportionately to their interest in the Company. Absent an agreement among the Parties to the contrary any further funding shall be contributed in the form of shareholders loans. Where a Party fails to provide any further funding required for the Project in accordance with the Business Plans and Budget (the ‘‘Non-Funding Party”): a) the Non-Funding Party will be deemed to be in breach of this Agreement; and b) the other Party has the right (but not the obligation) to provide further funding in accordance with the Business Plans and Project Budgets, such funds to be contributed by subscription for additional Shares in the Company (at an issue price to be determined based on the net assets of the Company divided by the number of Shares) or shareholder loans accruing the maximum interest rate permitted by applicable law, depending on the decision taken by the Shareholders pursuant to this Section. Under no circumstance will any Shareholder be required to finance the construction of the Project. Moreover, if in the context of the financing of the Project the financing entities request the Company to grant collateral, no Shareholder will be required as part of the ‘‘security package” to guarantee the obligations of the Company, or to Encumber any of its assets to secure such financing (other than its Shares and any subordinated loans it may have granted to the Company).

Continued Funding. Any increase in staffing level or assignments must be mutually agreed upon by the Parties and memorialized in a written amendment to this Agreement in accordance with Paragraph 8.

Continued Funding. It is the intent of the Town to provide sufficient funding to the Sheriff’s Office to allow for an increase in deputies assigned to the Town and the Sheriff’s patrol district, as the Town increases in population which necessitates an increase in law enforcement and public safety services. Any increase in staffing level or assignments must be mutually agreed upon by the Parties and memorialized in a written amendment to this Agreement in accordance with Paragraph 7.

Continued Funding. Community Impact Partners understand and agree they must re-apply for funding with each new funding cycle. However, at its sole discretion, HKUW may elect to extend this contract.

Continued Funding. 11.5.1 While the Initial Budget shall include the initial funding contributions described in Section 11.4, it is the intention of the Members that: 11.5.1.1 The Agency’s administrative and overhead expenses shall be funded by assessments, charges, and fees imposed directly by the Agency in accordance with applicable law. 11.5.1.2 The costs for development and implementation of the GSP, and any Groundwater management projects pursuant thereto, will be borne by the beneficiaries within the SMA or SMAs. The funding mechanisms to pay for the costs of development and implementation of the GSP, and any Groundwater management projects pursuant thereto, shall be determined by the Board at the time that the scope, cost, and beneficiaries of those projects are identified. Members may have the option to determine the method of payment for their portion of the project costs. Such charges shall be levied by the Agency in an equitable manner, taking into consideration (a) past costs incurred by landowners to develop information on Groundwater, and (b) the intention of the Members that areas within the Management Area that have developed and/or continue to develop Groundwater information should not have to subsidize areas that have not developed or are not developing such information. 11.5.2 The Agency may also seek funding from other alternative sources, including but not limited to state and federal grants or loans. Unless specifically allocated by the Board, all funding contributions obtained from alternative sources shall be allocated to the Agency, and shall not be allocated or obligated to any specific Member or Members. The Board may arrange payment of the expenses of the Agency through an alternative funding source. In accordance with Government Code § 6512.1, the Board may direct repayment or return to the Members all or part of the contributions made by the Members, upon such terms as may be consistent with any indebtedness incurred by the Agency.