Pledged Fund definition

Pledged Fund means any amount pledged, directly or indirectly, to pay principal of or interest on the Lease and which provides reasonable assurance of such amounts being paid even if the Lessee experiences financial difficulties, including amounts subject to a negative pledge.

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Pledged Fund means any amount pledged, directly or indirectly, to pay principal of or interest on the Financing Agreement and which provides reasonable assurance of such amounts being paid even if the Participant experiences financial difficulties, including amounts subject to a negative pledge.

Pledged Fund means any amount pledged, directly or indirectly, to pay principal of or interest on the Financing Agreement and which provides reasonable assurance of such amounts being paid even if the Participant experiences financial difficulties, including amounts subject to a negative pledge. "Private Activity Bond" means any Governmental Obligation if (i) there is more than 10% Private Use of the Proceeds of the obligations and more than 10% of the principal of or interest on the obligations is secured or to be paid, either directly or indirectly, by any Private User; (ii) more than the lesser of 5% of the Proceeds of the obligations or $5,000,000 is used to make Private Loans; (iii) there is more than 5% in the aggregate of Unrelated Private Use and Disproportionate Private Use and more than 5% of the principal of or interest on the obligations is secured or to be paid, either directly or indirectly with respect to or from property financed with the Proceeds of the obligations that is used in an Unrelated Private Use or Disproportionate Private Use; all as described in Section 141 of the Code.

Examples of Pledged Fund in a sentence

• Subject to Section 12.01, and only if and to the extent, and under the circumstances, expressly permitted in the related Terms Indenture, the Issuer or another specified Person may, in substitution of any one or more items of Mortgage Collateral or other Collateral securing any Series or any cash deposited in any Pledged Fund or Account on the related Closing Date, deliver other Mortgage Loans, other Mortgage-Backed Securities and/or other forms of Enhancement as new Collateral.

• The Obligors shall cause any Subsidiary thereof that shall own, directly or indirectly through another Subsidiary of any Obligor, any Carried Interest relating to any Pledged Fund Entity (a “Carried Interest Subsidiary”) to be subject to the Collateral Requirement.

• The City Order shall specify the amount to the transferred and the Pledged Fund or Pledged Funds from which the investment earnings shall be transferred.

• You accept that the Pledged Fund will serve as warranty for any debt or obligation that you acquire under this agreement.

• The Corporation accepts that the Pledged Fund will serve as warranty for any debt or obligation that you acquire under this agreement.

• Upon termination, Pledgee shall deliver to Pledgor all the Certificates, with all stock powers therefor, and the balance of the Pledged Fund.

• Such City Order shall specify the amount to be transferred and the Pledged Fund or Pledged Funds from which the funds shall be transferred.

• All moneys required to be deposited with or paid to the Trustee for the credit of any Pledged Fund under any provision of this Indenture and all investments made therewith shall be held by the Trustee in trust for the benefit of the Bondholders and while held by the Trustee constitute part of the trust estate and be subject to the lien hereof.

• The failure of both or either of the Servicers to provide reports to the Indenture Trustee as required by each Servicer pursuant to its Servicing Agreement shall not relieve the Indenture Trustee of its obligation to make distributions pursuant to Section 2.12 hereof or to withdraw funds from any Pledged Fund or Account as set forth under this Indenture.

• The failure of both or either of the Servicers to provide reports to the Indenture Trustee as required by each Servicer pursuant to its Servicing Agreement shall not relieve the Indenture Trustee of its obligation to make distributions pursuant to Section 2.12 hereof (other than in respect of distributions of Servicing Fees of a Servicer failing to provide such report) or to withdraw funds from any Pledged Fund or Account as set forth under this Indenture.

More Definitions of Pledged Fund

Pledged Fund means the Pledged Fund established by Section 5.04. “Pledged Receipts” shall mean, the payments from Pledged Borrower Obligations.

Pledged Fund. As defined in Section 8.05(a).