Funding Excuse definition

Funding Excuse means the right of any Investor to not fund Capital Contributions with respect to an excused investment or any other excuse from making Capital Contributions of which any Investor may avail itself.
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Examples of Funding Excuse in a sentence

  • No Fund Borrower shall consent to designate any Investment as a General Excused Investment or permit any other Funding Excuse after the Closing Date without prior written notice to Administrative Agent.

  • If a Borrowing Base Deficiency would result from such General Excused Investment or Funding Excuse, the Fund Borrowers shall cure such Borrowing Base Deficiency prior to consenting to such General Excused Investment or Funding Excuse.

  • The Fund Borrowers will promptly (but within one (1) Business Day with respect to an event under clause (i)) notify Administrative Agent in writing after becoming aware of: (i) the State Teachers Retirement System of Ohio requesting or planning to request a Funding Excuse or being entitled to elect to exercise any withdrawal or redemption right, and (ii) any other Exclusion Event; provided, that, in each case, the Fund Borrowers shall not have any obligation of inquiry.

  • The Fund Borrowers will promptly notify Administrative Agent in writing after becoming aware of: (i) the State Teachers retirement System of Ohio requesting or planning to request a Funding Excuse or being entitled to elect to exercise any withdrawal or redemption right, an (ii) any Exclusion Event.

Related to Funding Excuse

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Credit Event Amount With respect to each Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Funding means the amounts of money provided by the LHIN to the HSP in each Funding Year of this Agreement;

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Reimbursement Amount As defined in Section 2.04.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).