GFB Sample Clauses

GFB. AS shall establish a LP Recovery Fund (hereinafter defined).
Sample 1Sample 2
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GFB. AS shall (x) deliver to Grand Court a certification as to the Debt Conditions that have not been satisfied at such date and (y) have the right to elect to waive the Debt Conditions and (2) Grand Court shall have the right to either waive the Debt Conditions or elect not to waive the Debt Conditions; provided, however, the Debt Conditions shall be deemed waived by Grand Court with respect to the failure to obtain any Mortgagees' Consent or Claims Withdrawal relating to a mortgage loan which is then in default as a result of a monetary default. If both GFB-AS and Grand Court elect to waive the Debt Conditions, the First Closing shall occur on or before February 1, 2001. If either or both of GFB-AS or Grand Court shall elect not to waive the Debt Conditions, then;
Sample 1
GFB. GFTC, the EPP-PMO, and each EPP subborrower shall ensure that proper accounts and records for the loan proceeds are maintained and audited (or certified if appropriate) in a timely manner as may be specified under each related legal agreement. GFTC shall prepare and submit to ADB, within 45 days from the end of each quarter, quarterly financial reports on each subproject, including expenditures to date, subborrower repayment performance, loan defaults (if any) and other relevant information. GFTC will submit to ADB its audited annual financial statements within 6 months after the fiscal year-end.
Sample 1
GFB. AS shall assign one hundred percent (100%) of the Deferred Sales Proceeds, as defined in the Purchase Agreement payable by the Investing Partnerships or one hundred percent (100%) of each managing partner's back-end interest, in each case over the required one percent (1%) for tax purposes, in each Owning Partnership to the LP Recovery Fund (such assignment being hereinafter referred to as the "Back-End Assignment" and such interests being hereinafter referred to as the "Back-End Interests").
Sample 1

Related to GFB

  • Company Subsidiaries As of the date of this Agreement, the Company has Previously Disclosed a true, complete and correct list of each entity in which the Company, directly or indirectly, owns sufficient capital stock or holds a sufficient equity or similar interest such that it is consolidated with the Company in the financial statements of the Company or has the power to elect a majority of the board of directors or other persons performing similar functions (each, a “Company Subsidiary” and, collectively, the “Company Subsidiaries”). Except for the Company Subsidiaries and as Previously Disclosed, the Company does not own beneficially or control, directly or indirectly, more than 5% of any class of equity securities or similar interests of any corporation, bank, business trust, association or similar organization, and is not, directly or indirectly, a partner in any general partnership or party to any joint venture or similar arrangement. The Company owns, directly or indirectly, all of its interests in each Company Subsidiary free and clear of any and all Liens. No equity security of any Company Subsidiary is or may be required to be issued by reason of any option, warrant, scrip, preemptive right, right to subscribe to, gross-up right, call or commitment of any character whatsoever relating to, or security or right convertible into, shares of any capital stock or other interest of such Company Subsidiary, and there are no contracts, commitments, understandings or arrangements by which any Company Subsidiary is bound to issue additional shares of its capital stock or other interest, or any option, warrant or right to purchase or acquire any additional shares of its capital stock. The deposit accounts of the Bank are insured by the Federal Deposit Insurance Corporation (“FDIC”) to the fullest extent permitted by the Federal Deposit Insurance Act, as amended, and the rules and regulations of the FDIC thereunder, and all premiums and assessments required to be paid in connection therewith have been paid when due (after giving effect to any applicable extensions). The Company beneficially owns all of the outstanding capital securities of, and has sole control of, the Bank.

  • Buyer (Buyer) will take title 16 to the Property described below as Joint Tenants Tenants In Common Other .

  • Merger Sub At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • Parent A parent, legal guardian or person in parental relation to the Student.

  • Merger Subsidiaries Notwithstanding the foregoing, to the extent any new Subsidiary is created solely for the purpose of consummating a merger transaction pursuant to a Permitted Acquisition, and such new Subsidiary at no time holds any assets or liabilities other than any merger consideration contributed to it contemporaneously with the closing of such merger transaction, such new Subsidiary shall not be required to take the actions set forth in Section 8.14(a) or (b), as applicable, until the consummation of such Permitted Acquisition (at which time, the surviving entity of the respective merger transaction shall be required to so comply with Section 8.14(a) or (b), as applicable, within ten (10) Business Days of the consummation of such Permitted Acquisition, as such time period may be extended by the Administrative Agent in its sole discretion).

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