Required Funding Date definition
Examples of Required Funding Date in a sentence
Such Required Funding Date shall correspond to the end of a Fiscal Month.
If a Non-Contributing Member becomes subject to this Section 4.2(g), then such Non-Contributing Member shall not have the right to complete its required Additional Capital Contribution after the applicable Required Funding Date.
Capital Commitments If the Company makes any distribution pursuant to Section 4.1 which the Board specifically designates as a return of Capital to be added to a Capital Member’s Unused Capital Commitment, such Capital Member shall be obligated to make Capital Contributions on a pro rata basis (based on their respective Capital Percentage Interests) on or prior to each Required Funding Date until such time as such Capital Member’s Unused Capital Commitment equals zero.
The Company may, by written notice to the Trustee, amend or 6 revoke Schedule C at any time prior to a Required Funding Date.
Such notice shall be provided to the Company and to the other Shareholder as soon as practicable after such determination is made, but in any event not less than twenty (20) Business Days prior to the Required Funding Date.
In the event that the conditions set forth in Section 4.2 have not been satisfied on or prior to the Required Funding Date, the Swing Line Commitment shall be reduced to zero.
The Company (or, in the event a Required Funding Date has passed and less than all of the obligations of the Trust have been satisfied, Executive(s) to whom at least 65% of all amounts covered by the most recent Payment Schedule are payable) shall appoint a successor trustee, such trustee to become the Trustee hereunder upon the resignation date specified in such notice.
Any portion of the Term A-1 Loan Commitments not drawn by the Required Funding Date shall automatically terminate on the Required Funding Date.
Any portion of the Term A-2 Loan Commitments not drawn by the Required Funding Date shall automatically terminate on the Required Funding Date.
The parties hereto, together with, in the event a Required Funding Date has passed and less than all of the Trust's obligations have been satisfied, the consent of Executives to whom at least 65% of all amounts covered by the most recent Payment Schedule are payable, may at any time waive compliance with any of the agreements or conditions contained herein.