Fully Funded Sample Clauses
The 'Fully Funded' clause establishes that a party has secured all necessary financial resources to fulfill its obligations under the agreement. In practice, this means the party is not relying on future financing or contingent sources to perform its duties, such as making payments or completing a project. This clause provides assurance to the other party that there is minimal risk of non-performance due to lack of funds, thereby reducing uncertainty and promoting confidence in the contract's execution.
Fully Funded. Such Purchased Mortgage Loan is a “closed” loan. Each Purchased Mortgage Loan is fully funded.
Fully Funded. When the Total Cost of the Estimated Project Budget is met or exceeded by a contribution from a respondent, TCEQ will consider the project fully funded. When the project is fully funded, TCEQ will remove it from the PAL. Third-Party Administrator is still responsible for the expenditure of funds and completion of the project in accordance with this Agreement after the SEP is fully funded. Third-Party Administrator may request an amendment through the process described in Section 2.3 to increase the budget if the project is not and will not foreseeably be complete after being fully
Fully Funded. The employer agrees to declare their status as a Small Employer as required by the ESFA Funding Rules (latest version)
Fully Funded. Fully funded" means, with respect to a special purpose reinsurance vehicle contract, that the fair value of the assets under the control of the ceding insurer or held in trustfor the benefit of the ceding insurer under the special purpose reinsurance vehicle contract on the date on which the special purpose reinsurance vehicle contract is effected, equals or exceeds the aggregate limit as defined in subsection 1. [ 2007, c. 386, §2 (AMD) .]
Fully Funded. When the Total Cost of the Estimated Project Budget is met or exceeded by a contribution from a respondent, TCEQ will consider the project fully funded. When the project is fully funded, TCEQ will remove it from the PAL. Third-Party Administrator is still responsible for the expenditure of funds and completion of the project in accordance with this Agreement after the SEP is fully funded. Third-Party Administrator may request an amendment through the process described in Section 2.3 to increase the budget if the project is not and will not foreseeably be complete after being fully funded. This amendment will again allow the project to be added to the pre- approved list of SEPs available to respondents for contributions.
Fully Funded. The Investment Amount for the Option has been fully funded or conditions for any release of funds from escrow have been memorialized and neither Seller nor Buyer has any obligation under the related Option Agreement or other related Option Documents to advance any additional funds related to the Investment Amount to the Homeowner; provided, that Buyer, for the benefit of (and as an obligation of) the Beneficial Interest Holders, shall have an obligation to fund the Exercise Payment (as defined in the related Option Agreement) (to the extent any such amount is not netted upon exercise) in the event of the exercise of an Option, as provided in the related Option Agreement.