Equity Funding Agreement Sample Clauses

Equity Funding Agreement. (a) The Owner Trustee and the Owner Participant hereby agree that they shall not provide nor instruct the Co-Trustee to provide any Payment Certificate (as defined in and pursuant to Section 3.2 of the Equity Funding Agreement) if an event that requires payment of Termination Amount has not occurred. (b) If on any date a payment under Section 3.1 or 3.2 of the Equity Funding Agreement is to be made, the Co-Trustee and Owner Participant have received (prior to receipt of any payment then due under the Equity Funding Agreement) payment in full of all amounts stated to be due under the Facility Lease on such date, then the Co-Trustee upon instruction from the Owner Trustee or the Owner Participant or the Owner Participant shall (i) pay to RMLC the amount received by the Co-Trustee or the Owner Participant from AIG on such date or (ii) on the instructions of RMLC, instruct AIG to pay such amount then due under the Equity Funding Agreement directly to RMLC. (c) Notwithstanding the foregoing, if an Event of Default or Bankruptcy Default has occurred and is continuing the Owner Trustee and the Owner Participant shall instruct the Co-Trustee not to make such payment to RMLC pursuant to paragraph (b) above or give such instruction to AIG pursuant to paragraph (b) above but shall hold the amounts so received from AIG as security for RMLC's obligations under the Operative Documents as provided in Section 23 of the Facility Lease until applied toward the satisfaction of such obligations and, to the extent not so applied paid over to AIG when all such obligations have been fully satisfied.
Sample 1
AutoNDA by SimpleDocs
Equity Funding Agreement. Any breach of or default under the Equity Funding Agreement occurs and such default or breach continues beyond the applicable grace period.
Sample 1

Related to Equity Funding Agreement

  • Contribution Agreement The Agent shall have received an executed counterpart of the Contribution Agreement.

  • Investment Agreement AUGUST.2017 12

  • Per-pupil Funding The School's non-facility general fund per-pupil funding shall be as defined in Sec. 302D-28, HRS. The Commission shall distribute the School's per-pupil allocation each fiscal year pursuant to Sec. 302D-28(f), HRS, and shall provide the School with the calculations used to determine the per-pupil amount each year. All funds distributed to the School from the Commission shall be used solely for the School's educational purposes as appropriated by the Legislature, and the School shall have discretion to determine how such funding shall be allocated at the school level to serve those purposes subject to applicable laws and this Contract.

  • Fifth Amended and Restated Limited Liability Company Operating Agreement Dated as of November 30, 2012

  • Investment Management Trust Agreement The Company has entered into the Trust Agreement with respect to certain proceeds of the Offering and the Private Placement substantially in the form filed as an exhibit to the Registration Statement.

  • Funding Agreement On the Original Issue Date set forth above, the Company will issue to the Trust the Funding Agreement(s) identified by number in the Pricing Supplement.

  • Loan Funding The sum of all financing described below (excluding any loan funding fee or mortgage insurance premium) is $ .

  • Investment Letter Without limiting the generality of Section 4.1, unless the offer and sale of any shares of Warrant Stock shall have been effectively registered under the Securities Act, the Company shall be under no obligation to issue the Warrant Stock unless and until the Holder shall have executed an investment letter in form and substance satisfactory to the Company, including a warranty at the time of such exercise that the Holder is acquiring such shares for its own account, for investment and not with a view to, or for sale in connection with, the distribution of any such shares.

  • Maturity of the Funding Agreement Upon the maturity of the Funding Agreement and the return of funds thereunder, the Trust hereby directs the Indenture Trustee to set aside from such funds an amount sufficient for the repayment of the outstanding principal on the Notes and Trust Beneficial Interest when due.

  • Supplemental Funding Unless otherwise defined by program rules, Supplemental Funding is the award of additional funds to provide for an increase in costs due to unforeseen circumstances. The State will comply with all Federal program agency policies and procedures for requesting supplemental grant funding. The State will comply with the following guidelines when requesting supplemental funding for the Medical Assistance Program and associated administrative payments (CFDA 93.778): The State must submit a revised Medicaid Program Budget Report (CMS-37) to request supplemental funding. The CMS guidelines and instructions for completing the CMS-37 are provided in Section 2600F of the State Medicaid Manual (SMM). The CMS/CO must receive the revised Form CMS-37 through the Medicaid Budget Expenditure System/Children's Budget Expenditure System (MBES/CBES) no later than 10 calendar days before the end of the quarter for which the supplemental grant award is being requested. Additional guidance on this policy is available from the respective CMS Regional Office, U.S. Department of Health & Human Services. The State will comply with the following guidelines when requesting supplemental funding for TANF (CFDA 93.558), CCDF (CFDA 93.575), CSE (93.563), and the FC/AA (CFDA 93.658 and CFDA 93.659) programs administered by the U.S. Department of Human Services, Administration for Children and Families (HHS/ACF): a. Timing of the Request A State should initiate its request for supplemental funding during a quarter as soon as it becomes aware of the fact that a shortfall does/will exist. For the TANF and CCDF grants, supplemental funding requests (estimates) may be submitted by a State, for consideration by ACF, up through and including the 15th day of the third month of the first, second or third quarter of any fiscal year. Since TANF and CCDF are block grant programs, all unawarded portions of the annual allotment will automatically be issued at the beginning of the fourth quarter. Therefore, supplemental funding requests will not be available during the fourth quarter for these programs. For the CSE and FC/AA programs, supplemental funding requests may be submitted by a state, for consideration by ACF, up through and including the 15th day of the third month of any quarter of a fiscal year.

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