Examples of Pledged Amount in a sentence
In Section 7(h) of the Master Resolution, the Board has covenanted and agreed to establish, maintain and collect Services and Activities Fees at least equal to the Pledged Amount.
If the Pledged Amount is insufficient to pay all such principal and interest, the Developer hereby acknowledges that it shall have no recourse against the City provided that all Pledged Amounts required to be deposited in the TIF Funds from time to time pursuant to the TIF Act and this Agreement have been deposited into the TIF Funds and the amount equal to the Pledged Amount in each year has been used solely to pay amounts due under this Agreement and the TIF Notes.
For underwriting, processing and supervising the Company's Accounts, the Company shall pay to Laurus a monthly amount equal to 0.7% (the "Specified Percentage") of the aggregate amount of all Eligible Accounts created during such month in excess of the Pledged Amount and against which Revolving Credit Advances have been made during such month.
The Township explicitly agrees to make payment to the TID of the Township Pledged Amount in such corresponding amounts as set forth on Exhibit B, on or before the date of March 1 in each respective calendar year as identified and set forth on Exhibit B, so as to advance and not delay the Project Work, as well as the TID Project Management Fee amount on or before March 1, 2021.
Pledge BookDate of Pledge Pledge NumberDisposition Column Date (Redeemed) R (Renewed) A or AS (Auction or Sale)Article Pledged Amount of LoanPledgor’s Name and address Redemption BookRedemption Date Pledge Number Date of Pledge Amount of Loan Interest Charges Extra Care Charges All money columns should be footed.Obtain affidavit from pledgor for lost pledge ticket.
The Pledged Amount shall be irrevocably pledged to the repayment of the amounts due under this Agreement and the TIF Note.
The Required Lenders hereby waive the requirement to cash collateralize the Letters of Credit with the Net Cash Proceeds received from an Asset Sale Prepayment Event in an amount equal to $12,500,000 of such Net Cash Proceeds received prior to the date hereof (the “Pledged Amount”) and hereby consent to, direct, request and authorize the Administrative Agent to release the Pledged Amount to the Borrower immediately following the effectiveness of this Amendment.
The Developer hereby acknowledges that the Pledged Amount may be insufficient to cover the payment of all principal and interest payable by the City under this Agreement.
PLEDGE BOOKDate of Pledge Pledge NumberDisposition Column Date (Redeemed) R (Renewed) A or AS (Auction or Sale)Article Pledged Amount of LoanPledgor’s Name and address REDEMPTION BOOKRedemption Date Pledge Number Date of Pledge Amount of Loan Interest Charges Extra Care Charges All money columns should be footed.Obtain affidavit from pledgor for lost pledge ticket.
Ag Society shall name University as a loss payee on such insurance policy in the Pledged Amount, as defined in the Pledge Agreement, and waive all rights of subrogation against University for any covered claim.