Future Funding Obligation definition

Future Funding Obligation means, with respect to a Purchased Asset, any amount required to be advanced by the holder after the first disbursement under such Purchased Asset which as of the date of determination has not yet been advanced.
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Future Funding Obligation shall have the meaning set forth in Section 9.1(d) hereof.
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Future Funding Obligation means, with respect to any Earn-Out Asset, the obligation to make one or more Future Advances retained by the Issuer. GAAP has the meaning specified in Section 6.3(k).
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Examples of Future Funding Obligation in a sentence

  • With respect to a Purchased Asset with a Future Funding Obligation, Seller shall have certified that all conditions to such Future Funding Obligation have been satisfied.

  • The Seller shall have requested an increase to the outstanding Purchase Price with respect to amounts funded under a Future Funding Obligation in accordance with the time frames set forth in Section 3(c); for the avoidance of doubt, Buyer shall determine in its sole good faith discretion whether to advance additional Purchase Price in connection with a funded Future Funding Obligation.

  • Any funds advanced pursuant to a Future Funding Obligation shall be owing to Greenwich Capital Financial Products, Inc.

  • After the initial Purchase Date, as part of separate Transactions, Seller may request, and Buyer may fund, subject to the terms and conditions of this Agreement, an increase to the Purchase Price for a Purchased Asset based on an increase in Asset Value solely resulting from the satisfaction, in whole, or in part, of a Future Funding Obligation.

  • After the initial Purchase Date, as part of separate Transactions, Seller may request, and Buyer may fund, in Xxxxx’s sole discretion and subject to the terms and conditions of this Agreement, an increase to the Purchase Price for a Purchased Asset based on an increase in Asset Value solely resulting from the satisfaction, in whole, or in part, of a Future Funding Obligation.

  • Any funds advanced pursuant to a Future Funding Obligation shall be owing to Greenwich Capital Financial Products, Inc., but in the event that Borrower has insufficient funds to pay both the Holder and Greenwich Capital Financial Products, Inc., the Holder shall have a prior right to such payment and a prior lien on the Property.

  • The Collateral Manager shall not permit all amounts then on deposit in the Future Funding Obligation Account to be less than the aggregate amount of all future funding obligations outstanding under the terms of all Unfunded Loans that constitute Collateral Debt Securities.

  • After the initial Purchase Date, as part of separate Transactions, any Seller may request, and Buyer will fund, subject to the terms and conditions of this Agreement, an increase to the Purchase Price for a Purchased Asset based on an increase in Asset Value solely resulting from the satisfaction, in whole, or in part, of a Future Funding Obligation.

  • Pursuant to the terms of the Participation Agreement, the Future Funding Obligation will not be included in the Securitized Participation, but will be included in one of the Secondary Participations.

  • With respect to a Purchased Asset with a Future Funding Obligation, the Seller shall have certified that all conditions to such Future Funding Obligation have been satisfied.


More Definitions of Future Funding Obligation

Future Funding Obligation means, with respect to a Purchased Asset any amount to be advanced by the Seller after the first (1st) disbursement under such Purchased Asset and which as of the date of determination has not yet been advanced. For the avoidance of doubt, any earnouts or upfront reserves under or established prior to the first (1st) disbursement under such Purchased Asset that are included in the unpaid principal balance shall not constitute Future Funding Obligations and will be funded as part of the initial Purchase Price.
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Future Funding Obligation. With respect to any Delayed Draw Term Loan, the additional funding obligation related thereto.
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Future Funding Obligation means, with respect to (i) a Delayed Draw Loan, the maximum remaining amount that can be borrowed under such Delayed Draw Loan, and (ii) any other Future Funding Investment, the maximum funding obligation (including any funded or unfunded obligations, contingent or otherwise) of the Borrower under such Future Funding Investment.
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Future Funding Obligation means, with respect to any Pledged Asset, any mandatory agreement, commitment, covenant or obligation of Borrower or any of its predecessors-in-interest to advance funds for any purpose on or subsequent to the Borrowing Date of the Loan secured by such Pledged Asset, whether in connection with any unfunded portion of or future advance regarding, any loan or other invested amount of such Pledged Asset.
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Related to Future Funding Obligation

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Qualified refunding obligation means an obligation issued or incurred by an authority or by a municipality on behalf of an authority to refund an obligation if the refunding obligation meets both of the following:

  • Project Funding Agreement means an agreement in the form of Schedule E that incorporates the terms of this Agreement and enables the Funder to provide one-time or short term funding for a specific project or service that is not already described in the Schedules;

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Funding Default as defined in Section 2.18.

  • Non-Lead Securitization Note Holder means any holder of a Non-Lead Securitization Note.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent before the Issue Date in respect of a first priority pledge over the Escrow Account and all funds standing to the credit of the Escrow Account from time to time, granted in favour of the Agent and the Holders (represented by the Agent).

  • student loan means a loan towards a student’s maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student’s bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Subordinated Shareholder Funding means, collectively, any funds provided to the Company by any Parent Entity, any Affiliate of any Parent Entity or any Permitted Holder in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by the foregoing Persons, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

  • Lead Securitization Note Holder means the holder of the Lead Securitization Note.

  • Non-Lead Securitization Note means any Note other than the Lead Securitization Note.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements: