Unencumbered Funds. Upon the request of the Sponsor, unencumbered public funds from the School, Sponsor’s property and improvements, furnishings, and equipment purchased with public funds, or financial or other records pertaining to the School, in the possession of any person, entity, or holding company, other than the School, shall be held in trust upon the Sponsor’s request, until any appeal status is resolved.
Unencumbered Funds. Depositor warrants and agrees that:
Unencumbered Funds. Xxxxxxx warrants that Xxxxxxx will not use the Escrow Funds as security for any transaction, nor will Xxxxxxx pledge the Escrow Funds or list the Escrow Account as an asset on any application to obtain credit or to obtain real or personal property. The parties hereto acknowledge and agree that any rights that Xxxxxxx or any other party has to the Escrow Funds and any associated Escrow Revenue are contingent rights and receipt of any Escrow Funds or Escrow Revenue is subject to the satisfaction or waiver of such contingencies. The parties hereto acknowledge and understand that, in the event of a bankruptcy filing or other insolvency proceeding commenced by or against Xxxxxxx prior to the satisfaction or waiver of such contingencies, the Escrow Funds will not constitute property of the bankruptcy estate or otherwise be reachable by Xxxxxxx’x creditors.
Unencumbered Funds. Xxxxx Harvest warrants that:
Unencumbered Funds. If, as of June 15, funds remain unencumbered in the tuition reimbursement pool and no unencumbered funds remain in the workshop reimbursement pool, the unencumbered funds may be transferred to the workshop reimbursement pool and expended in accordance with Section B(2)(a). If, as of June 15, funds remain unencumbered in the workshop reimbursement pool and no unencumbered funds remain in the tuition reimbursement pool, the unencumbered funds may be transferred to the tuition reimbursement pool and expended in accordance with Section A(2)(b).
Unencumbered Funds. Xxxxxxxxx warrants that:
Unencumbered Funds. GreBkefPrevailinQ : Wind Park warrants that CrockerPrevailing Wind Park will not use the Escrow Funds as security for any transaction, nor will G okefPrevailing Wind Park pledge the Escrow Funds or list the Escrow Account as an asset on any application to obtain credit or to obtain real or personal property. The parties hereto acknowledge and agree that any rights that f.;r ckerPrcvailing Wind Park or any other party has to the Escrow Funds and any associated Escrow Revenue are contingent rights and receipt of any Escrow Funds or Escrow Revenue is subject to the satisfaction or waiver of such contingencies. The parties hereto acknowledge and understand that, in the event of a bankruptcy filing or other insolvency proceeding commenced by or against Croc;kerPrevaiJing Wind Park prior to the satisfaction or waiver of such contingencies, the Escrow Funds will not constitute property of the bankruptcy estate or otherwise be reachable by GrHe-ker -sPrevailing Wind Park's creditors.
Unencumbered Funds. Net Free Funds in User Accounts can be used to fund Escrows to secure payment of amounts to become due under User Contracts.
Unencumbered Funds. The cash consideration paid to Seller at Closing has been transferred and delivered to Seller free and clear of any Liens or other encumbrances whatsoever.
Unencumbered Funds. Prevailing Wind Park warrants that Prevailing Wind Park will not use the Escrow Funds as security for any transaction, nor will Prevailing Wind Park pledge the Escrow Funds or list the Escrow Account as an asset on any application to obtain credit or to obtain real or personal property. The parties hereto acknowledge and agree that any rights that Prevailing Wind Park or any other party has to the Escrow Funds and any associated Escrow Revenue are contingent rights and receipt of any Escrow Funds or Escrow Revenue is subject to the satisfaction or waiver of such contingencies. The parties hereto acknowledge and understand that, in the event of a bankruptcy filing or other insolvency proceeding commenced by or against Prevailing Wind Park prior to the satisfaction or waiver of such contingencies, the Escrow Funds will not constitute property of the bankruptcy estate or otherwise be reachable by Prevailing Wind Park’s creditors.
