Parent Funding definition

Parent Funding means Financial Indebtedness of the Borrower or a Guarantor at any time to Thermadyne Holdings, Thermadyne Australia or another of its holding companies (other than Duxtech).
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Parent Funding has the meaning given to that term in Section 4.4(a).
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Examples of Parent Funding in a sentence

  • The Parent shall in turn ensure that any such Subordinated Funding received by it is contributed to the other members of the UK Group by way of Parent Funding.

  • NTL CC and the Parent shall ensure that the full amount of the Working Capital Facility is invested by the Parent in the other members of the UK Group on or prior to the time anticipated in the Business Plan by way of Parent Funding.

  • For the avoidance of doubt, the provisions of this Section 8.5(b) shall not apply to or otherwise limit the right of the Company to such injunctions, specific performance or other equitable relief under Section 8.5(a)or 8.5(c) for obligations other than with respect to the obligations of Parent to cause the Parent Funding to be funded under the Subscription Agreement in accordance with its terms.

  • If this Agreement is terminated pursuant to Article VIII (other than pursuant to Section 8.1(g) (No Company Stockholder Approval), which shall be governed by Section 9.1(a)) Parent shall return to the Company any portion of the Interim Parent Funding Amount that has not been used to pay any Parent Transaction Expenses.

  • Parent, Parent Funding Entity or Purchaser has and will have on the Closing Date, sufficient immediately available funds to pay the Purchase Price and to perform Parent, Parent Funding Entity and Purchaser’s other obligations under this Agreement and any Ancillary Agreements (it being understood that the “PRC Outbound Direct Investment Procedures” set forth in Section 7.01(a) of the Disclosure Schedule shall be required to fund the Purchase Price and the Deferred Payment).

  • Each of Parent, Funding and Finance has been duly incorporated and is a corporation existing and in good standing under the General Corporation Law of the State of Delaware, and has full corporate power and authority to conduct its business as described in the Time of Sale Information and the Offering Memorandum.

  • Upon discovery by the Parent, Funding or (with respect to Sold Receivables) any subsequent purchaser or its assignee of a breach of any of the representations and warranties in Section 3 hereof which materially and adversely affects the value of a Sold Receivable or the interests of Funding or its assignees therein, the party discovering such breach shall give prompt written notice of such breach to the other parties.

  • Upon the terms and subject to the conditions herein, Parent hereby agrees to provide or procure from Third Parties sufficient funding to MTI such that MTI is able to perform its obligations under the Strategic Alliance Agreement on a timely basis, up to a maximum funding commitment of twenty million dollars ($20,000,000) for the two-year period commencing as of the date hereof (the "Parent Funding Cap").

  • The Financing Agreement will continue to be in full force and effect and the Additional Parent Funding will be capable of being consummated immediately following the Effective Time pursuant to the terms of the Financing Agreement.

  • Without limiting the foregoing[*] equity investments by ▇▇▇▇▇▇▇▇ made at any time shall not be counted, toward determining compliance with the Parent Funding Cap.

Related to Parent Funding

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subrecipients, 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:

  • Current Funds means wire transfers, certified funds or cashier's checks in a form acceptable to the Title Company which would permit the Title Company to immediately disburse such funds.

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

  • 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.

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