Available funding means funds that are available to a school district for paying accounts payable or are reasonably expected to be collected and available for payment of accounts payable;
Available funding means, on any date, the aggregate (without double counting) US dollar equivalent of:
Available funding has the meaning given to it in the Senior Secured Credit Facilities.
Examples of Available funding in a sentence
If such voluntary prepayment is made prior to the Initial Project Completion Date, the Borrower shall certify, as confirmed by the Technical Advisor, that it has Available Funding for the remaining Project Costs to achieve the Initial Project Completion Date by no later than the Initial Outside Date and that no Default or Event of Default would occur as a result thereof.
More Definitions of Available funding
Available funding means funds that are available to a
Available funding means, as of any date, an amount equal to the aggregate of (i) to the extent no Event of Default or Potential Event of Default has occurred and is then continuing, the amount of unutilized Commitments as of such date that are not required, as confirmed by the Independent Engineer, to be applied to pay for costs relating to the Project (other than PPA Delay Penalties); (ii) the amount of pending Required Base Equity Contributions as of such date that are not required, as confirmed by the Independent Engineer, to be applied to pay for costs relating to the Project (other than PPA Delay Penalties); (iii) the funds on deposit in the Offshore Construction Account as of such date that are not required, as confirmed by the Independent Engineer, to be applied to pay for costs relating to the Project (other than PPA Delay Penalties); (iv) the funds on deposit in the Onshore Revenue Account as of such date that are not required, as confirmed by the Independent Engineer, to be applied to pay for costs relating to the Project (other than PPA Delay Penalties); and (v) the funds on deposit in the Restricted Payment Account as of such date;
Available funding means, for the period commencing on the relevant Calculation Date and ending on the Assumed Completion Date (as defined in the definition of “Total Costs” below), the sum of (without double counting):
Available funding means, on any date, the aggregate (without double counting) of:
Available funding means, on any date prior to the Initial Project Completion Date and in each case solely to the extent available to be applied toward the relevant purpose, the aggregate of: (i) the amount of the undrawn Commitment available under the Loan Facility, (ii) the amount of any undrawn commitment under the IQ Loan Agreement, (iii) amounts standing to the credit of the Collateral Accounts, to the extent such funds are available to pay Project Costs in accordance with this Agreement, and (iv) subject to Section 8.9, proceeds of Insurance and any other amounts, to the extent such funds are received by the Borrower and available to pay Project Costs in accordance with this Agreement.
Available funding. ) or Xxxxxx Capital's possession of the Available Funding as "Pledgee" under the "Citadel Pledge Agreement" as hereinafter defined, Xxxxxx Capital will be liable to Reading for the spread between rate paid by Citadel's bank on its cash deposits (currently 1%) and the Interest Rate (as such term is defined under the Standby Credit Agreement) on the Available Funding from the date of such tender or possession until drawdown by Xxxxxx Capital.
Available funding means $4,235,000 less all amounts drawn pursuant to Section 2(a).