Phase 2 Funding definition

Phase 2 Funding. Use the purchased age corporation to obtain corporate funding with JV Partners as officers for the corporation. Then use the corporations credit line to pay back any personal loans used in the phase one. The pay back of the personal loan by the age corporation will clear the credit of the JV Partner which then will allow JV Partner to do this process multiple times.
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Phase 2 Funding. The remaining funds of this Subward in the amount of $18, 872 (Eighteen Thousand, Eight Hundred Seventy-Two Dollars) will be dispersed after 6 month financial report is received.
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Phase 2 Funding means, in relation to any funding calls of up to, in aggregate $200m (taking into account the Initial Funding), the amount to be advanced in relation to the Business by the Shareholders (or their respective affiliates) which the Company approves to be required for its working capital needs in the ordinary course of the Business pursuant to the Business Plan, but not including the Excluded Funding.
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Examples of Phase 2 Funding in a sentence

  • Brightstar shall also pay to the relevant Tech Data Party all accrued Working Capital Funding Rate charges, on the Call Date and Brightstar hereby irrevocably instructs the Company to procure that, in relation to the repayment of any amount of Phase 2 Funding otherwise repayable to Brightstar, the Company shall ensure that such amount will be paid to the relevant Tech Data Party notified by TechData through the TD Working Capital Funding Structure in order to repay the related TechData Funding Advance.

  • In the event of any failure by a Funding Partner to make a contribution within sixty (60) days of the date by which such contribution is due pursuant to the Phase 2 Funding Procedures, the Borrower shall prepare and submit to the TIFIA Lender a Revised Financial Model demonstrating what funds are available to the Borrower to complete the Project and describing the availability of such funds to the Borrower as of the date of such Revised Financial Model.

  • A final report from the Insurance Advisor confirming that the insurance policies provided as of the Initial Phase 2 Funding Date in respect of Phase 2 pursuant to and in accordance with Section 8.05 are typical for undertakings similar to the Project, are in full force and effect, the premiums then due and payable thereon have been paid and that such policies otherwise conform with the requirements specified in the Financing Documents.

  • Phase 2, Funding: Consists of completing the corridor study, upon approval of the FLAP application, and consists of providing the matching funds for the completion of the corridor study with an anticipated maximum cost of $18,350.00.

  • Phase 2 shall commence after (a) the completion and acceptance of Phase 1 by Client, and (b) receipt by Airfox of the Phase 2 Funding.

  • For the avoidance of doubt, the Payment, the Phase 2 Funding, the Phase 3 Funding, the Phase 4 Funding and the Additional Funding may be used by Airfox in connection with the Airfox Services, the VV Tasks performed since January 2019, and related operation expenses; provided that Airfox may not use the VV Funding to make any payments to Airfox stockholders.

  • The State of Illinois Race to the Top Application for Phase 2 Funding ("RTTT Application") established a blueprint for science, technology, engineering, and mathematics (STEM) education reform that remains valid.

  • Trustees will provide a preliminary estimate of potential natural resource damages (for settlement purposes) within 12 months of the effective date of the Phase 2 Funding and Participation Agreement.

Related to Phase 2 Funding

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Project Funding means the funding for the Services;

  • Phase 2 means the phase of the ATP comprised of: (1) improvements to the State Street Substation to receive Rebuilt Line 972; (2) the rebuilding of NYSEG’s existing Line 972 not performed in Phase 1; (3) construction of Relocated Line 15; (4) the construction of Bused Line 5; (5) improvements to the Elbridge Substation to receive Relocated Line 15; and (6) improvements to the Elbridge Substation to receive Bused Line 5.

  • Pre-Funding Period The period commencing on the Closing Date and ending on the earliest to occur of (i) the date on which the amount on deposit in the Pre-Funding Account (exclusive of any investment earnings) is less than $100,000, and (ii) September 22, 2006.

  • 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: