Other Scheme definition
Examples of Other Scheme in a sentence
The relevant Scheme Facility Type Schedule for that Scheme Facility sets out how, following a demand for repayment on the Borrower, the proceeds of any Collateral that is available to support the Scheme Facility should be allocated as between the Scheme Facility, Other Scheme Facilities and Commercial Facilities.
Except to the extent otherwise specified in a Funding Policy for a Research Activity under an Other Scheme, Funds provided for that Research Activity may only be spent on its Direct Research Costs and all such expenditure must comply with the Approved Budget for that Research Activity.
An event of default (however described) occurs in respect of the Lender under any agreement or side letter entered into between the Lender and the Guarantor, including (without limitation) in respect of any Other Scheme.
To the extent that any sums would be applied under paragraph 6(B)(2) to any Other Scheme Facility, references to “discharge of any principal, interest or other sums outstanding” when applied to such Other Scheme Facility shall include any discharge of an obligation of the Lender to repay a guaranteed amount due to the Guarantor under the terms of the guarantee agreement in respect of such Other Scheme Facility.
The Trustees will comply with any restrictions on refunds of a Beneficiary's contributions notified to them by the Other Scheme.