Prior Program definition
Examples of Prior Program in a sentence
Company shall provide Bank with cash collateral to secure Company’s obligations under the Program Documents and the Prior Program Documents, which Bank shall deposit in a deposit account (“Collateral Account”) at Bank.
For avoidance of doubt, the Company’s obligation to continue providing operations, maintenance, and asset management services shall be the same as under the Prior Program Documents, unless otherwise directed by the Authority in accordance with this paragraph.
Bank and Retailer hereby agree that this Agreement shall amend, restate and replace in its entirety the terms and conditions of the Prior Program Agreement as of the date hereof, and that this Agreement shall hereafter govern for all purposes the relationship of the parties with respect to the offering of revolving consumer credit to qualifying customers of Retailer, as contemplated herein.
Moreover, all Third-Party Construction Contracts shall require at least the same level of insurance coverage as the Company would have been required to obtain under the Prior Program Documents and shall require that the Company be named as an additional insured; however, in lieu of the foregoing insurance requirements, the Authority may decide that the Company shall maintain all necessary insurance, so long as the Authority makes sufficient funds available to pay for such insurance.
The parties hereto hereby contribute to the Program all of their rights respecting each of the properties and assets of the Prior Program excluding only those properties and assets associated with the properties which are located in an Excluded Area ("Excluded Properties") and the loan (the "Loan") paid the date hereof due Participant by McMoRan under said Prior Program.