Funds Flow Memorandum definition

Funds Flow Memorandum means the memorandum setting forth the flow of funds at closing and the funding of the Term A Loans and Term B Loans, as approved by the Administrative Agent, and a related letter of direction.

Funds Flow Memorandum means the memorandum, to be dated on or prior to the Closing Date, delivered by Borrower to the Lender Parties with respect to the disbursement of funds on the Closing Date.

Funds Flow Memorandum shall have the meaning specified in Section 2.1(b).

Examples of Funds Flow Memorandum in a sentence

• To test for spatial dependence in a regression, Pesaran’s test (2004) for cross-sectional dependency is used.

• After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article III, the Borrower hereby directs the Administrative Agent to apply such funds as set forth in the Funds Flow Memorandum.

• Subject to the satisfaction of the conditions set forth in Section 3.1, upon receipt of the funds from the Escrow Account, Agent shall make all funds so received available to Borrower in like funds as received by Agent by wire transfer of such in accordance with the Funds Flow Memorandum.

• The proceeds of a Revolving Loan funded on the Closing Date shall be made available to the Borrower in accordance with the Closing Date Funds Flow Memorandum.

• To the extent applicable, the funding of the Debt Service Reserve Account will be reflected in the Closing Date Funds Flow Memorandum and funding instructions given by the Borrower to the Administrative Agent and the Depository Bank prior to the Closing Date.

More Definitions of Funds Flow Memorandum

Funds Flow Memorandum means the memorandum, in form and substance reasonably satisfactory to the Lenders, describing the sources and uses of all cash payments in connection with the transactions contemplated to occur on the initial Funding Date.

Funds Flow Memorandum means a funds flow statement in the agreed form.

Funds Flow Memorandum means the Funds Flow Memorandum dated , 2011 detailing the flow of funds in connection with the Closing.

Funds Flow Memorandum has the meaning specified in the Conditions Precedent to Initial Credit Extension.

Funds Flow Memorandum means the funds flow memorandum dated as of the Effective Date in form and substance reasonably satisfactory to Administrative Agent and Company.

Funds Flow Memorandum has the meaning set forth in Section 7.01(u).

Funds Flow Memorandum means a fund flow memorandum, executed by Parent and provided to Buyer not less than three (3) Business Days prior to the Closing, indicating the exact amount payable to, and full and complete wire instructions for, each Person to whom any portion of the Purchase Price is to be paid pursuant to Section 2.04.