Funding Obligations definition

Funding Obligations shall have the meaning set forth in Section 5.7(b).

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Funding Obligations shall have the meaning set forth in the definition of “Lender Default.”

Funding Obligations means, collectively, as of any date of determination, (a) the aggregate commitments of the Borrower to make loan advances to any Person or Person pursuant to debt or loan facilities, (b) the obligations of the Borrower to pay previous monthly accrued interest expense and (c) dividends declared and payable by the Borrower.

Examples of Funding Obligations in a sentence

• Each Subscribing Reinsurer shall at all times maintain on deposit in the Trust Account Assets (as defined in the Trust Agreement) which have a fair market value equal to such Subscribing Reinsurer's Trust Funding Obligations.

• On the date hereof, each Subscribing Reinsurer shall deposit in the trust account established thereunder (the "Trust Account") an amount equal to its Trust Funding Obligations (as defined below), determined solely with respect to this Contract and the Policy.

• Subject to the deduction of the Trustee's compensation and expenses in accordance with the Trust Agreement, such Subscribing Reinsurer may withdraw funds deposited in such Subscribing Reinsurer's Income Account only if the fair market value of the Assets on deposit in the Trust Account by such Subscribing Reinsurer exceeds one hundred percent (100%) of such Subscribing Reinsurer's Trust Funding Obligations.

• To make payment to the Subscribing Reinsurer of any amounts in excess of one hundred two percent (102%) of the greater of (A) the amount necessary to secure the credit or reduction from liability for reinsurance taken by the Company and (B) such Subscribing Reinsurer's Trust Funding Obligations.

• At the request of the Company or the Insured, any Subscribing Reinsurer shall designate notional sub-accounts within the Trust Account corresponding to this Contract and each Additional Reinsurance Contract, and the allocation of Assets in the Trust Account to each such sub-account with a fair market value at least equal to the Trust Funding Obligations, as determined solely with respect to the Subscribing Reinsurance Contract to which such sub-account corresponds.

More Definitions of Funding Obligations

Funding Obligations. Other than for emergency expenditures, including expenditures to remedy life/safety threats and violations of law, for which sufficient funds are not available in the Bank Accounts (and without giving effect to any obligation of New Propco for purposes of determining whether Manager shall be relieved from the Operating Standards), New Propco shall have no obligation to advance any additional funds, for the operation and maintenance of the Properties, whether pursuant to the approved budget or otherwise and Manager shall not be relieved from its obligations or duties under the Management Agreement as a result of New Propco’s determination not to advance any such funds. Notwithstanding, Manager shall not have an obligation to advance any funds necessary for the operation or maintenance of the Properties if New Propco refuses to fund such required amounts.

Funding Obligations has the meaning set forth in Section 3.4.

Funding Obligations as defined in the definition of “Defaulting Lender.”

Funding Obligations shall have the meaning as set forth in Section 10.18.

Funding Obligations means the collective reference to (a) the aggregate commitments of the Borrower to make loan advances to any Person or Person pursuant to debt or loan facilities, (b) the obligations of the Borrower to pay previous monthly accrued interest expense and (c) dividend payables of the Borrower. "GAAP" means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board, consistently applied and as in effect from time to time. "Governmental Authority" means the government of the United States or any other nation, or of any political subdivision thereof, whether state 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 supranational bodies such as the European Union or the European Central Bank). "Guarantee" means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the "primary obligor") in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the -11-N75013152.6

Funding Obligations means the disbursement to Borrower of amounts required under the Lendco Loan Agreement if, after all of the terms and conditions for Lendco funding a Loan under the Lendco Loan Agreement have been satisfied, Lendco has failed to fund such amounts by the date required for such funding under the Lendco Loan Agreement.

Funding Obligations means, with respect to Treatment Capacity Share that is transferred by a Party to one or more other Parties, the transferring Party’s pro rata share of: (1) all costs and expenses of constructing and completing Treatment Facility Capital Improvements; (2) all Operation and Maintenance Expenses and any amounts required to be deposited into the Operation and Maintenance Fund and such other reserves as the Board may determine are required; (3) any fee, assessment or rate established by the Board to repay Authority Obligations; and (4) to the extent distinct, the Debt Service Component or the Authority Obligations. Funding Obligations may also consist of any fees or other financial obligations agreed upon between the transferring Party and the acquiring Party.