Subsequent Funding definition

Subsequent Funding is defined in Section 2.4 of the ECCA.

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Subsequent Funding shall have the meaning specified in the Note Purchase Agreement.

Subsequent Funding means any advance which is made pursuant to ------------------ Section 2.1(b) hereof.

Examples of Subsequent Funding in a sentence

• Except as provided in this Article IV of this Agreement, no Member will be required to make any Capital Contributions to the Company after the Subsequent Funding Termination Date.

• The Managing Member will update Schedule 4.2(d) after each Subsequent Funding and from time to time as necessary to reflect accurately the information therein; provided, however, that, notwithstanding anything in this Company LLC Agreement or the ECCA to the contrary, failure to update Schedule 4.2(d) in accordance with this Section 4.2(d) shall not impact the actual amounts considered Capital Contributions hereunder, all of which shall be deemed made on the date actually contributed.

• Subsequent installments will be funded on a date chosen by MLBFS in its sole discretion which will be on or within two weeks before or after each subsequent anniversary of the last day of the calendar month in which the Closing Date occurs (each, a "Subsequent Funding Date").

• The aggregate principal amount of Loans made on each Subsequent Funding Date shall, when aggregated with the original principal amount of all other Loans funded hereunder (but excluding, for the avoidance of doubt, all PIK Interest that is paid in kind to such Lender and deemed to be a part of the principal amount of the Loans pursuant to Section 2.04(b)), not be more than the Aggregate Commitment.

• In the event that there is a Material Adverse Effect or the Company is in breach of this Agreement or the Debenture the Purchaser will not be required to make the Subsequent Funding.

More Definitions of Subsequent Funding

Subsequent Funding shall have the meaning specified in Section 2.1(a) hereof.

Subsequent Funding shall have the meaning specified in Section 2.1.

Subsequent Funding. Has the meaning specified in the Note Purchase Agreement.

Subsequent Funding shall have the meaning assigned and ascribed to such term as set forth in SECTION 4.02 of this Loan Agreement.

Subsequent Funding is defined in Section 2.2(b). “Subsequent Funding Date” is defined in Section 2.2(b). “Subsequent Funding Date Capital Contribution” is defined in Section 2.1(b)(ii). “Subsequent Funding Date Capital Contribution (Chevron)” is defined in Section 2.1(b)(i). “Subsequent Funding Date Capital Contribution (Hyzon)” is defined in Section 2.1(b)(ii). “Tax” (and, with correlative meaning, “Taxes” and “Taxable”) means: (a) any taxes, customs, duties, charges, fees, levies, penalties or other assessments, fees and other governmental charges imposed by any Governmental Authority, including, but not limited to, income, profits, gross receipts, net proceeds, windfall profit, severance, property, personal property (tangible and intangible) production, sales, use, leasing or lease, license, excise, duty, franchise, capital stock, net worth, employment, occupation, payroll, withholding, social security (or similar), unemployment, disability, payroll, fuel, excess profits, occupational, premium, severance, estimated, alternative or add-on minimum, ad valorem, value added, turnover, transfer, stamp, or environmental tax, or any other tax, custom, duty, fee, levy or other like assessment or charge of any kind whatsoever, together with any interest, penalty, addition to tax, or additional amount attributable thereto; and (b) any liability for the payment of amounts with respect to payment of a type described in clause (a), including as a result of being a member of an affiliated, consolidated, combined or unitary group, as a result of succeeding to such liability as a result of merger, conversion or asset transfer or as a result of any obligation under any tax sharing arrangement or tax indemnity agreement, or otherwise by operation of law. “Tax Exempt Person” means (a) the United States, any state or political subdivision thereof, any possession of the United States, or any agency or instrumentality of any of the foregoing, (b) any organization which is exempt from tax imposed by the Code (including (1) any previously tax-exempt organization within the meaning of Section 168(h)(2)(E) of the Code, (2) any tax-exempt controlled entity within the meaning of Section 168(h)(6)(F)(iii) of the Code unless such entity makes the election provided in Section 168(h)(6)(F)(ii) of the Code or has such an election in effect, and (3) any tax-exempt entity within the meaning of Section 168(h)(2) of the Code), (c) any Person who is not a “United States person” as defined in Section 7701(a)(3...

Subsequent Funding. A Funding which is made pursuant to Section 2.1(a) hereof after the Initial Funding.

Subsequent Funding is defined in Section 2.2(b) of the ECCA.