Funding Conditions Provision definition
Funding Conditions Provision means the provisions set forth in Section 6.10(e).
Funding Conditions Provision shall have the meaning assigned to such term in Section 4.02.
Funding Conditions Provision means, notwithstanding anything set forth in Section 7.2 to the contrary, (i) the terms of this Agreement shall not impair the availability of the Facilities on the Closing Date if the conditions set forth in Section 7.2 are satisfied (or waived), it being understood that, except as set forth in clause (ii) below, to the extent any lien search, certificate, endorsement or Collateral or any security interest therein is not or cannot be provided (other than the pledge and perfection of security interests in the pledged certificated stock of the Borrower and the Closing Date Guarantors, to the extent possession of such certificates perfects a security interest therein) after use of commercially reasonable efforts to do so, the provision and/or perfection of such security interests in such Collateral shall not constitute a condition precedent to the availability of the Facilities on the Closing Date, but shall be required to be delivered and perfected within 30 days after the Closing Date (of five (5) Business Days in the case of delivery of possession of capital stock or other certificated security) (or in each case, such longer period acceptable to the Administrative Agent) and (ii) with respect to (a) any item required to be delivered pursuant to clause (i) above with respect to a Designated Target Entity, the Borrower shall not be required to exercise commercially reasonable efforts to timely deliver the item in order to be afforded the specified extended period for delivery and (b) any guaranty agreement to be provided by a Designated Target Entity shall be required to be delivered on or prior to the date that is five (5) Business Days after the Closing Date (or such longer period acceptable to the Administrative Agent).
Examples of Funding Conditions Provision in a sentence
Notwithstanding anything contained herein, on the Closing Date, the only Liens on and security interests in any Collateral that are required to be provided or perfected on the Closing Date are set forth in the Funding Conditions Provision.
Subject to the Funding Conditions Provision, the Specified Acquisition Agreement Representations and the Specified Representations shall be true and correct in all material respects (except that any such representation and warranty that is qualified as to “materiality” or “material adverse effect” shall be true and correct in all respects).
Notwithstanding anything contained herein, on the #4848-6974-4858 Closing Date, the only Liens on and security interests in any Collateral that are required to be provided or perfected on the Closing Date are set forth in the Funding Conditions Provision.
More Definitions of Funding Conditions Provision
Funding Conditions Provision means the provisions set forth in Section 6.10(e). “GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time. “Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). “Granting Lender” has the meaning provided in Section 11.06(f). “Guaranty Agreements” means, collectively, the U.S. Subsidiary Guaranties and any Non-U.S.
Funding Conditions Provision means the provisions set forth in Section 6.10(e). “GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time. “German Tax Obligations” means all amounts payable pursuant to one or more assessments by the German tax authorities including by the German Federal Central Tax Office (Bundeszentralamt für Steuern) in respect of the taxation year ended December 31, 2018. “Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). “Granting Lender” has the meaning provided in Section 11.06(f). “Guarantor” means each U.S. Credit Party and each Non-U.S. Subsidiary Guarantor. “Guaranty Agreements” means, collectively, the U.S. Subsidiary Guaranties and any Non-U.S.