Examples of Stop Funding Notice in a sentence
The Administrative Agent shall notify each relevant Lender promptly upon receipt of any Stop Funding Notice, but shall bear no liability if, despite the receipt of such Stop Funding Notice, any Lender makes available any money to the Administrative Agent in respect of the requested Loans.
In the event that the Administrative Agent receives a Stop Funding Notice from the Disbursement Agent in accordance with and pursuant to the terms of the Disbursement Agreement, none of the Administrative Agent and the Lenders shall, or shall have any obligation to, advance the Loans associated with such Stop Funding Notice; provided, however, that the Borrower shall be obligated to make any payments due pursuant to Section 2.21 as a result thereof.
In the event that Lender receives a Stop Funding Notice from the Disbursement Agent in accordance with and pursuant to the terms of the Disbursement Agreement, Lender shall have no obligation to advance the Loans and no Loans already provided to the Collection Account (i) before issuance of the Stop Funding Notice and (ii) before such Loans are drawn by Borrowers or disbursed by Disbursement Agent to Borrowers, shall be made available to Borrowers.
Neither the Escrowee, in its capacity as Escrowee, nor the Administrative Agent shall have any liability to the Borrower arising from any Stop Funding Notice issued by the administrative Agent pursuant to Section 1.4.2(b), whether or not the Administrative Agent was entitled to issue any such Stop Funding Notice, and the Administrative Agent shall have no liability to the Borrower, the Escrowee or any Secured Party arising from any Stop Funding Notice issued.
Regression Results of Course Authorizations for 9–12 Schools on School Characteristics, Including District Fixed Effects 317 D.13.
In the event that the Administrative Agent informs the Escrowee in writing that it has waived the event or events giving rise to the Stop Funding Notice, the Escrowee shall deliver a Disbursement Confirmation Notice to the Borrower and the Administrative Agent.
The Stop Funding Notice shall specify the conditions precedent which the Disbursement Agent has determined have not been satisfied and/or shall attach a copy of any notice of default received by the Disbursement Agent.
The Funding Agents shall (upon receipt of the Advance Request and related Construction Consultant’s certificate forwarded by the Disbursement Agent in accordance with the preceding sentence) fund the requested Advance on the requested Advance Date in accordance with Section 2.4.3(a), except to the extent a Stop Funding Notice is then in effect.
The Stop Funding Notice shall specify, in reasonable detail, the conditions precedent which the Administrative Agent has determined have not been satisfied and/or shall attach a copy of any notice of default received by the Administrative Agent.
In the event that Administrative Agent receives a Stop Funding Notice from the Disbursement Agent in accordance with and pursuant to the terms of the Disbursement Agreement none of the Administrative Agent and the Lenders shall have any obligation to advance the Loans.