Future Funding Date definition
Future Funding Date. With respect to any Purchased Asset for which a Future Funding Transaction has been requested by Seller and approved by Buyer, the date on which Seller is required to fund a Future Funding Amount pursuant to the Purchased Asset Documents relating to such Purchased Asset.
Future Funding Date has the meaning specified in Section 3(c).
Future Funding Date has the meaning given to that term in clause 19.6(b).
Examples of Future Funding Date in a sentence
On the related Future Funding Date, which shall occur no later than three (3) Business Days after the final approval of the Future Funding Transaction by Buyer, Buyer shall remit the related Future Funding Amount to Seller to apply to the applicable future funding to be made to the Underlying Obligor or to reimburse Seller for a portion of a future funding previously made by Seller to the Underlying Obligor.
More Definitions of Future Funding Date
Future Funding Date means, with respect to any Eligible Asset, the date on which Buyer advances any portion of the Future Funding Amount related to such Eligible Asset.
Future Funding Date. With respect to any Whole Loan or Senior Interest, the date on which Buyer advances any portion of the Future Funding Amount related to such Whole Loan or Senior Interest, as applicable.
Future Funding Date means any date after the Initial Funding Date on which the conditions precedent in Section 5.02 or Section 5.03 (as applicable) are satisfied or waived and a portion of the Tranche A Initial Amount and the Tranche B Initial Amount is advanced to the Borrower to acquire a Collateral Property.
Future Funding Date shall have the meaning specified in Section 3(p) of this Agreement.
Future Funding Date. [ ] [ ], 20[ ] Outstanding principal balance prior to future advance: $_______________________ Future advance amount to Underlying Obligor: $_______________________ Outstanding principal balance after future advance: $_______________________ Purchase Price prior to Future Funding Amount: $_______________________ Purchase Price after Future Funding Amount: $_______________________ Future Funding Amount: $_______________________ Borrower: ________________________ Seller hereby certifies as follows, on and as of the above Future Funding Date with respect to the Purchased Asset described in this Confirmation: