BBRF definition
Examples of BBRF in a sentence
The BBRF grant’s matching contribution comprises of $30,000 from the Partnership Agreement, in addition to funding contributions from Primary Industries and Regions SA (PIRSA); the University of South Australia; RDA Barossa; and Adelaide Plains Council.
The purpose of the BBRF grant, which requires a dollar for dollar (1:1) matching contribution, is to undertake research, consultation and analysis to result in an industry-led strategic plan for the Northern Adelaide Plains horticulture industry.
Other than in favor of BBRF, no financing statement under the Uniform Commercial Code of any state or other instrument evidencing a lien on the Collateral that names the Debtor as debtor is on file in any jurisdiction and the Debtor has not signed any such document or any agreement authorizing the filing of any such financing statement or instrument.
Each Lender hereby designates BBRF as Collateral Agent to act as specified herein and in the Security Agreement.
It is understood and agreed that each of BBNA and BBRF shall have the same rights and powers hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower or any Guarantor, as though it were not the Administrative Agent or the Agent, respectively, of the Lenders under this Agreement.
As compensation for the commitment of BBRF included herein to make loans and advances to the Borrower and as compensation for its maintenance of sufficient funds available for such purpose, BBRF has earned a REVOLVING CREDIT UPFRONT FEE (so referred to herein) at the times and in the amounts as set forth the Fee Letter.
THE COMPANY AND BBRF EACH HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY, AND AFTER AN OPPORTUNITY TO CONSULT WITH LEGAL COUNSEL, WAIVE ANY AND ALL RIGHTS TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING IN CONNECTION WITH THIS AGREEMENT.
Insert the following row to Table 4.2 – Recipient’s Obligations: Recipient's Obligations Performance Measures Performance method Measure Commitment of a $50,000 Evidence of a binding commitment of a $50,000 grant to BJI conditional on their success in their application for commonwealth funding through the BBRF made in December 2017.
This Modification Agreement shall become effective (the "Effective Date") upon receipt by BBRF of the following items, in form and substance acceptable to BBRF in its sole discretion: (i) an original copy of the Second Modification Agreement executed by Borrower, BBRF and the Company; (ii) an original executed copy of this Modification Agreement executed by the Company; (iii) a paydown of the principal balance of the Loan Account by $75,000.00.
EACH DEBTOR AGREES IT WILL NOT SELL, GRANT, ASSIGN OR TRANSFER ANY INTEREST IN, OR PERMIT TO EXIST ANY ENCUMBRANCE ON, ANY OF THE COLLATERAL OTHER THAN IN FAVOR OF THE SECURED PARTY AND THE BBRF INTEREST EXCEPT AS PERMITTED BY THE SECURED PARTY IN WRITING.