Continued Funding definition

Continued Funding means monthly payments paid by WRC to the Company beginning November 15, 2001 through the end of the Option Term in amounts equal to the monthly Payments, each such payment being a "Monthly Continued Funding Closing" and, together with the Initial Closing and the Monthly Payment Closings and the Post-Exercise Funding Closings, the "Closings," and the date of each Monthly Continued Funding Closing being a "Monthly Continued Funding Closing Date" and, together with the Initial Payment Date and the Monthly Payment Dates and the Post-Exercise Funding Closing Dates, the "Closing Dates."
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Examples of Continued Funding in a sentence

  • In addition, the Principal Recipient shall assist the CCM in the preparation of any Request for Continued Funding.

  • For each Facility, as of the Funding Date on which the Initial Investor Contribution is or was made with respect to such Facility, the Facility Funding Conditions were true and correct for such Facility, and as of each subsequent Funding Date the Continued Funding Conditions were true and correct for such Facility.

  • To the best of the Borrower's knowledge, and except as may arise as a result of the "Undisclosed Transactions" and "Undisclosed Transactions Matters" (as defined in the Continued Funding Agreement), the Borrower and each Guarantor and each Subsidiary is in compliance with all applicable laws, regulations and similar requirements of governmental authorities, except where such compliance is being contested in good faith through appropriate proceedings.

  • The Indemnifying Party shall not have liability for any Losses in the aggregate in excess of the aggregate of the CompassLearning Payment, the Company Legal Fees, the Payments, the Continued Funding and the Post-Exercise Funding paid by WRC to the Company.

  • Upon the Option Exercise, Continued Funding shall cease and the Option Term shall end.

  • If the Company has not cured such material breach within 30 days of receipt of the Notice of Breach, WRC may terminate the Payments, Continued Funding or Post-Exercise Funding without regard to clauses (i) and (ii) of Section 1.7(a); provided, however, that WRC may suspend the Payments, Continued Funding or Post-Exercise Funding pending the cure of such material breach by the Company.

  • A termination of Payments, Continued Funding or Post-Exercise Funding for material breach pursuant to Section 1.7(b) shall not affect the Repurchase Option if the Company cures such material breach within the applicable 30-day period).

  • WRC's rights under the WRC Option shall terminate upon the earlier of the termination of Continued Funding or the Payments, in each case pursuant to Section 1.7 above.

  • To terminate the Payments, Continued Funding or Post-Exercise Funding for material breach by the Company of any of its representations, warranties or covenants under this Agreement, WRC must first provide written notice of such material breach (the "Notice of Breach").

  • Through the date of execution of this Agreement by the Obligors as set forth under its signatures below (the "Obligors' Execution Date"), the Agent and each of the Banks has acted in good faith and has conducted themselves in a commercially reasonable manner in their relationships with each of the Obligors in connection with this Continued Funding Agreement and in connection with the Obligations and the Loan Documents, each of the Obligors hereby waives and releases any claims to the contrary.