Examples of Certain Funds Default in a sentence
Commissioner Roberts asked if the housing developments would be public housing.
Where a Certain Funds Default exists during the Certain Funds Period and at any other time during the existence of a Default, no Loans may be requested as, converted to or continued as Eurocurrency Rate Loans without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the outstanding Eurocurrency Rate Loans be converted immediately to Base Rate Loans.
Highlights of the discussionThrough presentations and panel and group discussions, participants from different Member States shared their experiences and views on the new developments impacting the landscape of radicalisation and extremism.
On the date of the applicable borrowing request and on the proposed date of such borrowing (x) no Certain Funds Default is continuing or would result from the proposed Borrowing and (y) all the Certain Funds Representations are true or, if a Certain Funds Representation does not include a materiality concept, true in all material respects.
If any Default described in Section 7.05 or 7.06 (but prior to the expiration of the Certain Funds Period, solely with respect to a Certain Funds Default) occurs, the obligations of the Lenders to make Loans hereunder shall automatically terminate and the Obligations of the Borrower shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender.