Future Funding definition
Future Funding means any additional advance under a Future Funding Eligible Asset that is funded by Seller.
Future Funding has the meaning set forth in Section 6.1(b)(i).
Future Funding means funding as contemplated under Clause 8;
Examples of Future Funding in a sentence
With respect to any Purchased Asset, as of the related Purchase Date, date of any Future Funding Advance Draw with respect to such Purchased Asset and date of any Margin Excess Advance with respect to such Purchased Asset, the applicable Seller represents and warrants to Administrative Agent that such Purchased Asset conforms to the applicable representations and warranties set forth in Exhibit G, except as disclosed to Administrative Agent in a Requested Exceptions Report.
Guarantor agrees that the foregoing representations and warranties shall be deemed to have been made by Guarantor on the date hereof, on each Purchase Date, date of any Future Funding Advance Draw and date of any Margin Excess Advance, as though made hereunder on and as of such date.
The failure or delay of Seller, on any one or more occasions, to exercise its rights under this Article 3(e)(i) shall not change or alter the terms and conditions of this Agreement or limit or waive the right of Seller to request a Future Funding Advance Draw Request at a later date.
Administrative Agent, on behalf of Buyers, shall determine in its sole and absolute discretion whether or not it is willing to purchase any or all of the proposed Eligible Assets, and if so, on what terms and conditions (including, without limitation, whether to accept a proposed Eligible Asset as a Future Funding Asset).
More Definitions of Future Funding
Future Funding. Grantee acknowledges that STEP INTO SWIM and its representatives have made no actual or implied promise of funding except for the amounts specified by this Agreement. If any of the grant funds are returned or if the grant is rescinded, Grantee acknowledges that STEP INTO SWIM will have no further obligation to Grantee in connection with this grant as a result of such return or rescission. However, the foregoing is not intended to prohibit STEP INTO SWIM from providing Grantee an additional grant at the termination of the grant described in this agreement upon the submission of a new proposal, if STEP INTO SWIM in its sole discretion determines that an additional grant is appropriate.
Future Funding means that portion of the Loan to be made by Lender to Borrower pursuant to this Agreement in an aggregate principal amount not to exceed the Future Funding Allocation.
Future Funding shall have the meaning ascribed to it under Clause 7.1; “Governmental Authorities” means the government authority, statutory authority, government department, agency, commission, board, tribunal or court or other law, rule or regulation making entity having or purporting to have jurisdiction or any state or other subdivision thereof or any municipality, district or other subdivision thereof, including any other municipal/ local authority having jurisdiction, and “Governmental Authority” shall mean and refer to any 1 (one) of such Governmental Authorities; “Incorporation Capital” shall have the meaning ascribed to it under Clause 2.3; “Incorporation Securities” shall have the meaning ascribed to it under Clause 2.3; “Indemnified Party” shall have the meaning ascribed to it under Clause 13.1; “Indemnifying Party Notice” shall have the meaning ascribed to it under Clause 13.6.2(i); “Indemnifying Party” shall have the meaning ascribed to it under Clause 13.1; “Initial Closing” shall have the meaning ascribed to it under Clause 4.4; “Initial Closing Date” shall have the meaning ascribed to it under Clause 4.4; “Initial Committed Amount” shall mean collectively, the Loop Initial Committed Amount and Ester Initial Committed Amount; “Initial Investment Securities” shall mean collectively, the Loop Initial Investment Securities and Ester Initial Investment Securities;
Future Funding. If requested by the Company’s board of directors to fund the operations and expansion of the Company’s business, the Purchasing Investors and the Company’s existing shareholders (the “Existing Shareholders”) (other than Messrs. Kors and Idol) agree to fund up to an additional $40 million on a pro rata basis (“Shareholder Funding”). The Shareholder Funding shall be effected through the sale and issuance of additional Preference Shares. At the discretion of the board of directors, either in addition to or 1 600 Ordinary Shares are currently issued and outstanding. in lieu of any Shareholder Funding, the Company or any of its subsidiaries may also secure from time to time debt or equity funding from the Existing Shareholders and Purchasing Investors and/or any third parties. The Shareholder Funding and any other equity funding or debt funding involving the Existing Shareholders and/or their affiliates shall be subject to the preemptive rights described below. Dividends: All holders of Shares will receive dividends on a pari passu basis in accordance with the number of Ordinary Shares held. The Company generally intends to retain future earnings, if any, for use in the operations and expansion of the Company’s business. As a result, the Company does not anticipate paying regular cash dividends in the foreseeable future.
Future Funding means the funding of all or a portion of the City’s future
Future Funding. No partner will be obligated to provide any future funding or financial assistance, including, without limitation, any guarantee, beyond its initial capital contribution as set out above. Each of the partners will have a pre-emptive right to maintain its proportionate ownership interest in the case of any future equity issue. The amount and terms of any debt financing will be in the discretion of the E-Car Partnership Board.
Future Funding. If future funding of GSN in excess of the parties' mandatory capital contribution amounts is required, SPE and Liberty Digital will agree on capital- raising strategies which may include subordinated Member loans, bank borrowings, voluntary capital calls and/or accessing public capital markets. Transfer Restrictions: No party will be permitted to sell, transfer, assign, pledge or otherwise dispose of (directly or indirectly) its Membership Interests for a period of three years following the Closing; provided that -------- (x) SPE or a SCA Affiliate (as defined below) may transfer all or part of its Membership Interests, directly or indirectly, to a SCA Affiliate and Liberty Digital or a LMC Affiliate (as defined below) may transfer all or part of its Membership Interests, directly or indirectly, to a LMC Affiliate, (y) a party may pledge its interest in a bona fide financing transaction so long as the pledgee agrees to be bound by the terms of the LLC Operating Agreement and (z) a party may create derivative securities which relate to such interest in connection with bona fide financing transactions. Notwithstanding anything herein to the contrary, any transfer by SPE pursuant to clause (x) above may be made only if the entities holding the rights to the game show programming and licenses currently held by SPE or thereafter acquired by any Affiliate of SCA are held at the time of such transfer by a SCA Affiliate. Following such third anniversary, sales of any Membership Interests will be subject to a right of first offer in favor of the other party; provided such right of -------- first offer shall not apply to a transfer pursuant to clause (x) above by SPE, a SCA Affiliate, Liberty Digital or a LMC Affiliate. Any such third party transferee shall become a party to and bound by the provisions of the LLC Operating Agreement to the same extent as the transferor upon the transfer of Membership Interests to it. Each party agrees to structure any such purchase and sale in the most tax efficient manner possible.