Capital Provision definition
Capital Provision means a provision in the Provisioning Account into which amounts are transferred whenever Principal Payments are due but not yet payable and if a Payment Date is not an Interest Payment Date; provided that amounts standing to the credit of this provision will be transferred to the Transaction Bank Account on Interest Payment Dates;
Examples of Capital Provision in a sentence
The Borrower has prior to the Closing Date delivered to the Agent a true, correct and complete copy of the Capital Provision Agreement, including all amendments, modifications and/or supplements thereto, as of the date of delivery to Agent.
The Capital Provision Agreement remains in full force and effect on the Closing Date and there have been no amendments, modifications and/or supplements thereto since the date delivered to the Agent.
Amend the Capital Provision Agreement or any financing statement or other document related thereto without Agent’s prior written consent.
IN WITNESS WHEREOF, the parties have executed and delivered this Capital Provision Agreement as of the date first written above.