Legal Funds Sample Clauses

Legal Funds. The Subscription Price paid by such Investor shall be funds legally available to it under Applicable Laws.
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Legal Funds. A Member shall not be entitled to receive any dividend with respect to any dividend payment date (and any such dividend shall not be considered due and payable), irrespective of whether such dividend has been declared by the Board of Directors, until such time as LLC shall have funds legally available for the payment of such dividend to such Member pursuant to the terms of this Agreement and the Delaware Act, and notwithstanding any provision of Section 18-606 of the Delaware Act to the contrary, until such time, a Member shall not have the status of a creditor of LLC, or the remedies available to a creditor of LLC.
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Legal Funds. A Member shall not be entitled to receive any Dividend with respect to any Dividend payment date (and any such Dividend shall not be considered due and payable), until such time as IOC has funds legally available for the payment of such Dividend to its Members pursuant to the terms of this Agreement and the Delaware Act, and notwithstanding any provision of Section 18-607 of the Delaware Act to the contrary, until such time the Member shall not have the status of a creditor of IOC, or the remedies available to a creditor of IOC.
Sample 1
Legal Funds. At all times throughout the term of the Loan, none of the funds of Guarantor have been derived from, or are the proceeds of, any unlawful activity, including money laundering, terrorism or terrorism activities, with the result that the investment in Guarantor, as applicable (whether directly or indirectly), is prohibited by law or the Loan is in violation of law, or may cause the Property to be subject to forfeiture or seizure.
Sample 1
Legal Funds. For the purpose of determining whether funds are legally available for redemption of shares of Series A Preferred pursuant to paragraph 7(b), the value of the assets of this Corporation shall be determined in good faith by the Board of Directors of this Corporation; provided that such value shall be determined by an independent appraiser reasonably acceptable to this Corporation if reasonably requested by the holders of a majority of the shares of Series A Preferred which have been redeemed but for which funds were not legally available for redemption. Holders of Series A Preferred shall have no right to bring a legal action against the Corporation for failure to redeem shares of Series A Preferred to the extent funds are not legally available therefor, provided the Corporation complies with the provisions of this Paragraph (d). The Corporation shall not give a Call Notice unless funds are legally available to redeem all outstanding Shares of Series A Preferred.
Sample 1

Related to Legal Funds

  • Funds On each purchase order for Class A shares and Class 529-A shares of Funds listed in Category 1 on the attached Schedule A that is accepted by us and for which you are responsible, you will be paid compensation as follows: Compensation as Sales Charge Percentage of as Percentage Purchases Offering Price of Offering Price Less than $25,000 5.00% 5.75% $25,000 but less than $50,000 4.25% 5.00% $50,000 but less than $100,000 3.75% 4.50% $100,000 but less than $250,000 2.75% 3.50% $250,000 but less than $500,000 2.00% 2.50% $500,000 but less than $750,000 1.60% 2.00% $750,000 but less than $1,000,000 1.20% 1.50% $1,000,000 or more See below None

  • Equity Funds X. Xxxx Price International Funds, Inc. on behalf of: X. Xxxx Price Global Industrials Fund Income Funds

  • Investment Funds Unregistered general or limited partnerships or pooled investment vehicles and/or registered investment companies in which the Company (directly, or indirectly through the Master Fund) invests its assets that are advised by an Investment Manager.

  • Company Funds All funds of the Company shall be deposited in its name, or in such name as may be designated by the Board, in such checking, savings or other accounts, or held in its name in the form of such other investments as shall be designated by the Board. The funds of the Company shall not be commingled with the funds of any other Person. All withdrawals of such deposits or liquidations of such investments by the Company shall be made exclusively upon the signature or signatures of such Officer or Officers as the Board may designate.

  • Settlement Funds The Servicer shall be named as a payee on all insurance loss drafts and upon receipt thereof, the funds shall be credited to the Borrower's Insurance Proceeds balance and deposited into (a) where such funds will be applied to the repair and restoration of the related Mortgaged Property and where required by applicable state law, one or more separate escrow accounts, so that the balance on deposit in such accounts is fully insured at all times by the FDIC through either the BIF or SAIF or (b) where such funds will not be applied to the repair and restoration of the related Mortgaged Property, the respective Custodial P&I Account.

  • Excess Funds Any party receiving funds paid by SBBC under this Agreement agrees to promptly notify SBBC of any funds erroneously received from SBBC upon the discovery of such erroneous payment or overpayment. Any such excess funds shall be refunded to SBBC.

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