Legally Available Funds definition
Legally Available Funds means funds duly appropriated or otherwise legally available for the purpose of making payments under this Contract.
Legally Available Funds means, with respect to any redemption pursuant to Article X, the amount of funds of the Company legally available for such redemption as required under Section 160 of the General Corporation Laws of the State of Delaware, as amended, or any comparable provision of any succeeding law.
Legally Available Funds means, with respect to any redemption of this Warrant pursuant to Section 5 hereof, the amount of funds of the Company legally available for such redemption as required under the applicable governing law.
Examples of Legally Available Funds in a sentence
Notwithstanding anything in any Lease to the contrary, any indemnity amount payable by Lessee as provided in this Section 24.2 shall be payable solely from Legally Available Funds.
Notwithstanding anything in a Lease to the contrary, any payment that Lessee is required to make pursuant to this subsection (b) shall be made only from Legally Available Funds.
Payment of the Put Redemption Price shall only be out of Legally Available Funds.
Payment of the Redemption Price shall only be out of Legally Available Funds.
Agency's obligation to make Payments hereunder constitutes a current obligation payable exclusively from Legally Available Funds and shall not be construed to be an indebtedness within the meaning of any applicable constitutional or statutory limitation or requirement.
More Definitions of Legally Available Funds
Legally Available Funds means funds or other property the distribution of which in accordance herewith would not be prohibited by or violate Section 17-607 of the Act.
Legally Available Funds means (i) Gross Revenues, (ii) funds and revenues of CRDA, which funds and revenues are legally available to meet the general obligations of CRDA and not required by law to be held and applied for another purpose or pledged, assigned or held exclusively for the payment of bondholders or other obligations of CRDA under a written indenture or contract with or for the benefit of any such bondholders or other obligees; and (iii) amounts appropriated and made available by the State for purposes of Facility Operations, Capital Expenditures, or the Investment Refund Payment.
Legally Available Funds means funds that the governing body of Obligor duly appropriates or are otherwise legally available for the purpose of making Contract Payments under this Contract, including monies held in the Vendor Payable Account to the extent that such moneys are used to prepay Contract Payments or Purchase Option Price. "Obligee" means the entity originally listed above as Obligee or any of its assignees.
Legally Available Funds means funds that the governing body of Renter duly appropriates or are otherwise legally available for the purpose of making Rental Payments under this Agreement, including monies held in the Vendor Payable Account to the extent that such moneys are used to prepay Rental Payments or Stipulated Loss Value.
Legally Available Funds means, with respect to any purchase of Warrant Securities pursuant to Section 19(a), the amount of funds of the Company legally available therefor under the corporate laws under which the Company is organized and existing.
Legally Available Funds means cash funds that are legally available to the Corporation to pay dividends and make redemption and other payments to the Holders of the Series A Preferred Stock and that are not then restricted by any Debt Blocker.
Legally Available Funds means, with respect to any redemption of the Warrant Securities pursuant to Section 11 hereof, the amount of funds of the Company available for such redemption (a) as required under Sections 151 and 160 of the General Corporation Law of the State of Delaware, as amended, or any comparable provision of any succeeding law, (b) until such time as all Senior Indebtedness then due and payable shall have been paid in full and all letters of credit and commitments arising under the Senior Loan Agreement have expired or terminated, as permitted by the terms, conditions or provisions of the Senior Loan Agreement and (c) as permitted by the Purchase Agreement.