Maximum Funding Obligation definition

Maximum Funding Obligation with respect to each BSI Litigation Matter, the aggregate maximum amount that either HI or BSI is obligated to contribute to the satisfaction of a BSI Litigation Funding Obligation determined in accordance with the provisions of Section 2.01(c).
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Examples of Maximum Funding Obligation in a sentence

  • Lender shall have no obligation to make Advances in excess of amounts Borrower has properly qualified in advance to receive, and Lender shall have no obligation to make Advances in excess of Thirty-Six Million Two Hundred Eighteen Thousand and No/100 Dollars ($31,218,000.00) (the "Maximum Funding Obligation").

  • Lender shall have no obligation to make Advances in excess of amounts Borrower has properly qualified in advance to receive, and Lender shall have no obligation to make Advances in excess of Fifteen Million Three Hundred Fifty-Six Thousand Five Hundred Seventy-Five and No/100 Dollars ($15,356,575.00) (the "Maximum Funding Obligation").

  • When the sum of the balance in the Working Capital Account and any amounts of Maximum Funding Obligation that have not been requested by Funding Calls equals $1,000,000 or less, ColumbiaGrid shall reserve an amount ("Salary Contingency Amount") as described below in the Working Capital Account to provide payment for ColumbiaGrid’s costs related to salaries, benefits, and employment-related taxes of its Directors, Officers, and other employees during the Term.

  • Lender shall have no obligation to make Advances in excess of amounts Borrower has properly qualified in advance to receive, and Lender shall have no obligation to make Advances in excess of Twenty-Eight Million Eighty-Six Thousand Four Hundred Twenty-Five and No/100 Dollars ($28,086,425.00) (the "Maximum Funding Obligation").

  • During each month of the Term, ColumbiaGrid shall submit a Funding Call pursuant to this section 2.3.2 to all Funders for the Funding Amount needed to increase the balance of the Working Capital Account to $1,000,000 (exclusive of any interest accrued pursuant to section 2.5.3 and any advance payment pursuant to section 2.7) until Funding Calls for Funding Amounts in the aggregate totaling the Maximum Funding Obligation have been made.

  • Notwithstanding any other provision of this Agreement, no Funder shall be obligated at any time under this Agreement to provide any Funding Amount under sections 2.3.1, 2.3.2, 2.3.3, and 2.3.4 that, together with Funding Amounts requested by prior Funding Calls to such Funder, in the aggregate exceeds such Funder’s Maximum Funding Obligation as then set forth in Table 1 (except for any interest that such Funder incurs pursuant to section 2.5.3 as a result of late payments by such Funder).

  • If a Funder makes an advance payment pursuant to section 2.7 and if, as a result of a recalculation pursuant to section 2.2 of the Maximum Funding Obligation associated with the execution of this Agreement with a New Funder, the Funder has provided funds in excess of its Maximum Funder Obligation, ColumbiaGrid shall refund the excess funds to the Advanced Funder within 30 days.

  • The Corporation shall be permitted to draw upon the Contingent Equity Facility on one or more occasions during the Funding Term, but the aggregate of all prior contributions pursuant hereto and the drawing then being made may not exceed the Maximum Funding Obligation Amount.

  • Promptly upon receipt of such Funding Notice and confirmation by Highstar of such deficit, Highstar shall make a capital contribution to the Corporation in an amount equal to the amount of such Dividend Deficit, not in excess of the Maximum Funding Obligation Amount (after taking into account all prior contributions pursuant hereto) (a "Funding Obligation").

Related to Maximum Funding Obligation

  • Minimum Funding Amount means, on any date of determination, the amount set forth in the table below: The date that is six months following the Effective Date December 20, 2018 60% of the Financing Commitment December 21, 2018 March 20, 2019 65% of the Financing Commitment March 21, 2019 Day prior to the last day of the Ramp-Up Period 75% of the Financing Commitment The last day of the Ramp-Up Period The last day of the Reinvestment Period 85% of the Financing Commitment

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • Aggregate Excess Funding Amount of a Non-Funding Lender shall be the aggregate amount of (A) all unpaid obligations owing by such Lender to the Agents, L/C Issuers and other Lenders under the Loan Documents, including such Lender’s share of all Revolving Loans, Letter of Credit Obligations, plus, without duplication, (B) all amounts of Letter of Credit Obligations of such Non-Funding Lender reallocated to other Lenders pursuant to subsection 1.11(e)(ii).

  • Maximum Funds means the maximum Funds set out in Schedule “B”.

  • Maximum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the maximum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be increased on any Adjustment Date.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Minimum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased on any Adjustment Date.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

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

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Maximum Swingline Amount means $5,000,000.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).