Pre-Funding Requirements. The Recipient must, prior to any payment of Grant monies being made by the State, meet the following obligations:
Pre-Funding Requirements. The Recipient must, prior to any payment of Grant monies being made by the State, meet the following obligations: FAA – Election Commitments – 21/2091 Byford Nature Splash Park page 21 of 27 a. Bank Account The Recipient opening a separate bank account for the Grant to be deposited into. Thereafter the Recipient must provide copies of all bank account statements to DLGSC within 14 days of the end of each month.
Pre-Funding Requirements. In order for the Lender to fund the Loans in accordance with the Loan Agreement, Borrower must execute (or cause to be executed if Borrower is not an executing party) and deliver to Lender, all in form and substance acceptable to Lender, the following documents (collectively, the “Pre-Funding Documents”) with all such documents to be received by Lender on or before November 28, 2016 (the “Pre-Funding Documents Delivery Date”):
a. Patent and Trademark Security Agreement;
b. Domain Name, URL and IP Address Assignment;
c. Borrower’s Disclosure Schedule;
d. Intercreditor Agreement;
e. Certificate of officer for each Borrower;
f. Opinion letter from counsel to Borrower (Xxxxxxxx Xxxxxxxxxx & Xxxxx LLP);
g. Payoff letter from Western Alliance Bank;
h. Payoff letters from secured creditors of Integrio Technologies, LLC and Emtec Federal, LLC (collectively, the “Integrio Entities”) with respect to the accounts receivable and other assets being purchased by Borrower (the “Integrio Assets”) from the Intergrio Entities (the “Integrio Asset Purchase”);
i. Documents evidencing the purchase of the Integrio Assets by Borrower from the Integrio Entities;
j. Either a (i) full release and termination of all liens held by Synnex Corporation (“Synnex”) against the assets of Borrower with respect to the assets, or (b) subordination agreement executed by Synnex, Borrower and Lender;
k. Insurance certificates and ACH agreements; and
l. Loan disbursement letter. Notwithstanding anything to the contrary contained in this Agreement, if the Pre-Funding Documents are not received by Lender prior to the expiration of the Pre-Funding Documents Delivery Date, the Loan Agreement and other Loan Documents shall automatically terminate, provided that Borrower shall be responsible to pay all of Lender’s out of pocket costs and expenses, including attorneys’ fees.
Pre-Funding Requirements. The Recipient must, prior to any payment of Grant monies being made by the State, meet the following obligations:
a. Bank Account the Recipient opening a separate bank account for the Grant to be deposited into. Thereafter the Recipient must provide copies of all bank account statements to the Department within 14 days of the end of each month.
