Future Funding Obligations definition

Future Funding Obligations shall have the meaning set forth in Section 10.25(a) hereof.
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Future Funding Obligations 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 Obligations shall have the meaning assigned to such term in the recitals.
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Examples of Future Funding Obligations in a sentence

  • The Subsequent Closing Adjustment is in addition to, and not preclusive of, any other rights or remedies that the Corporation and other Investors may have under law or otherwise with respect to the failure of any Investor to fulfill its Future Funding Obligations at each Closing.

  • Lender will not transfer the Future Funding Obligations to the Trust, but instead to one or more Junior Holders.

  • Notwithstanding the foregoing, Lender expressly agrees that no matter how many participations Lender may create, assign, transfer or sell with respect to the Future Funding Obligations, Borrowers shall only have to deal with the Administrative Agent in connection with obtaining any Advance under the Future Funding Obligations.

  • At such time as Lender has so transferred all of the Future Funding Obligations pursuant to this Section 10.25, the named Lender hereunder shall have no Future Funding Obligations hereunder or under the other Loan Documents.

  • If any Future Funding Lender fails to make available its Future Funding Obligations Percentage of any Future Funding Advance or such Protective Advance, then the Participation A-1 Holder shall have the rights and remedies provided in this Agreement, including, without limitation, the rights and remedies provided under this Agreement and at law or in equity.

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  • During the Second Extension Term, Seller shall be permitted to request Future Funding Transactions which constitute Trailing Future Funding Obligations, so long as each such unfunded Future Funding Transaction satisfies all of the terms, conditions and requirements set forth in Section 3.10(b) other than the requirement that the Funding Period has not expired, so long as each such Future Funding Transaction is entered into prior to the last day of the Second Extension Term.

  • Notwithstanding the foregoing, the Future Funding Obligations may not be Transferred to the Mortgage Loan Borrower or any Affiliate thereof without the prior written consent of all the Holders.

  • All future fundings to be made under the Future Funding Obligations and all Protective Advances shall be the sole responsibility of the Future Funding Lenders and shall be made in accordance with the Mortgage Loan Agreement (in respect of Future Funding Advances) and this Agreement (with respect to Future Funding Advances and Protective Advances).

  • Upon the consummation of a Transfer of the Future Funding Obligations or portions thereof, the transferring Person shall be released from all liability arising under this Agreement with respect to the Future Funding Obligations or the portion thereof that was the subject of such Transfer, for the period after the effective date of such Transfer.


More Definitions of Future Funding Obligations

Future Funding Obligations has the meaning set forth in the Recitals hereto.
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Future Funding Obligations means, with respect to any Eligible Asset, the aggregate amount of Seller’s additional funding obligations that are expressly identified to Buyer in connection with the initial Transaction.
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Related to Future Funding Obligations

  • Relevant Funding Agreements means the agreement or agreements entered into by the Company and the Secretary of State under section 1 of the Academies Act 2010 for the establishment of each Academy, including any variation or supplemental agreements thereof;

  • Fund Documents means, with respect to the Fund, if any, irrespective of the actual designation and in each case in the respective valid version, the prospectus, the investment conditions, the articles of association or memorandum and all other documents of the Fund which specify the terms and conditions of the Fund and the Fund Shares.

  • Earn Out Obligations means, with respect to an Acquisition, all obligations of the Borrower or any Subsidiary to make earn out or other contingency payments (including purchase price adjustments, non-competition and consulting agreements, or other indemnity obligations) pursuant to the documentation relating to such Acquisition. For purposes of determining the aggregate consideration paid for an Acquisition at the time of such Acquisition, the amount of any Earn Out Obligations shall be deemed to be the maximum amount of the earn-out payments in respect thereof as specified in the documents relating to such Acquisition. For purposes of determining the amount of any Earn Out Obligations to be included in the definition of Funded Indebtedness, the amount of Earn Out Obligations shall be deemed to be the aggregate liability in respect thereof, as determined in accordance with GAAP.