Examples of Earmarked Funds in a sentence
In the event that Borrower receives Earmarked Funds, Borrower shall use the Earmarked Funds to prepay principal, plus accrued interest, within two business days after such Earmarked Funds are received by Borrower, and the amount of principal so prepaid shall reduce the Maximum Loan Amount.
Deposits into the Lock-Box Account allocable to collections on Receivables of each Trust shall be identified and earmarked separately from the collections with respect to each other Trust (the "Earmarked Funds").
The Earmarked Funds shall be transferred to the Collection Account of the related Trust.
Upon release to the Company in accordance with this Section 1.4 and the terms of the Escrow Agreement, one hundred million dollars ($100,000,000) of the Escrowed Funds shall be designated as "Earmarked Funds" and used exclusively in accordance with Section 8.2 of the Commercial Agreement and any additional Escrowed Funds shall be released to the Company and may be used by the Company for any purpose whatsoever.
The definition of Earmarked Funds and all references to Earmarked Funds, including the mandatory prepayment of principal pursuant to Section 3.2.1 of the Credit Agreement, shall not apply.
The Agreement may be extended by mutual agreement of the Parties, except that, if the Subsidy Payments have not exhausted the Earmarked Funds by the end of the Initial Term, AOL may extend the term of the Agreement for successive * * * renewal periods until such time as the Earmarked Funds shall be exhausted.
Pursuant to the Investment Agreement, dated as of ---------------- the date hereof, between TiVo and AOL (the "Investment Agreement"), AOL and TiVo have agreed that TiVo will deposit certain funds totaling up to * * * (the "Earmarked Funds") into an escrow account pursuant to a form of escrow agreement attached as an exhibit to the Investment Agreement (the "Investment Escrow Agreement").
TiVo agrees that, upon and after the release of the Earmarked Funds from escrow in accordance with the terms of the Investment Escrow Agreement, the Earmarked Funds will be segregated from TiVo's other cash balances and used by TiVo (a) * * * (as defined below) or (b) if agreed in writing by AOL and TiVo, * * * of the Integrated Product in amounts and on terms set forth in such written agreement, and (c) for no other purpose.
The Board or the Committee may at any time, or from time to time, amend, alter or suspend this Plan in any respect, but no such amendment, alteration or suspension shall be effective with respect to Shares purchased pursuant to this Plan or Earmarked Funds prior to the date of such amendment, alteration or suspension without the consent of all Participating Agents holding such Shares and/or having such credits.
Notwithstanding the foregoing, in the event of such discontinuance, all Earmarked Funds shall be immediately * * *.