Current Funding definition

Current Funding means the funding specified in the annual letters of funding for the Critical Years and all other resources available and likely to be available to the Company, including such funds as are set out in the Master Agreement; A "PFI EAG Refusal" occurs where:
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Current Funding means the funding specified in the annual letters of funding (or their equivalent) for the Critical Years and all other resources available and likely to be available to the Academy Trust, including funds detailed in the Master Agreement;
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Current Funding clause 60A.1;
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Examples of Current Funding in a sentence

  • See also Rich Abott, “Navy Says Current Funding Only Supports 310 Ships,” Defense Daily, October 28, 2019; Paul McLeary, “Navy May Scrap Goal of 355 Ships; 310 Is Likely,” Breaking Defense, October 25, 2019.

  • The report provides: Statement of Financial Activity by Nature or Type; Explanation of material variances to year to date budget; Net Current Funding Position; Investment Portfolio Snapshot; Receivables; and Capital Acquisitions.

  • See also Rich Abott, “ Navy Says Current Funding Only Supports 310 Ships,” Defense Daily, October 28, 2019; Paul McLeary, “ Navy May Scrap Goal of 355 Ships; 310 Is Likely,” Breaking Defense, October 25, 2019.

  • Disbursement Release IndicatorThe Disbursement Release Indicator tag is used to identify disbursements that have been made or will be made in the near future to the student/borrower, and that are used to substantiate cash that has been drawn down or may lead to a change in the Current Funding Level (CFL).Business Rules1.

  • The Cash Manager shall ensure that the Current Funding Share and the Current Funding Share Percentage of the Trust Property and the Current Seller Share and the Current Seller Share Percentage of the Trust Property are recorded in the Funding Share/Seller Share Ledger on the Initial Closing Date and thereafter on each Distribution Date.

  • Questions and answers that result in an amendment to the RFA will be posted on the OVSJG website under Current Funding Opportunities (https://ovsjg.dc.gov/page/current-funding) and the Office of Partnerships and Grant Development, District Grants Clearinghouse at: https://www.opgs.dc.gov.

  • Except for the Initial Closing Date on which the Funding Share Percentage and the Seller Share Percentage shall be calculated to two decimal places, and unless otherwise agreed by the Beneficiaries, the Current Funding Share Percentage and the Current Seller Share Percentage shall be calculated to five decimal places.

  • It should be noted that the closing balance does not represent cash on hand (please see the Net Current Funding Position on page 5 of the attachment).

  • For more information, see CRS Report R43458, Child Welfare: An Overview of Federal Programs and Their Current Funding, by Emilie Stoltzfus.

  • Funding 1's share and the Seller's share of the Losses shall be determined by multiplying the Losses in the relevant Calculation Period by the Current Funding 1 Share Percentage, (as calculated on the Relevant Share Calculation Date), the product of which shall be allocated to Funding 1, and the remainder of such Losses shall be allocated to the Seller, on each Calculation Date, in each case prior to calculating the allocation of Mortgages Trustee Available Principal Receipts on that Calculation Date.


More Definitions of Current Funding

Current Funding clause 0.XX;
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Current Funding means the funding specified in the annual letters of funding for the Critical Years and all other resources available and likely to be available to the Academy Trust, including such funds as are set out in clause 48 of this Agreement;
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Current Funding means the funding of all or a portion of the City’s unfunded liabilities with respect to PSPRS in connection with the Project.
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Current Funding clause 60A.1; "PFI EAG Refusal" - clause 60A.1;
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Related to Current Funding

  • Current Funds means wire transfers, certified funds or cashier's checks in a form acceptable to the Title Company which would permit the Title Company to immediately disburse such funds.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2022 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Pre-Funding Period The period from the Closing Date until the earlier of (i) the date on which the amount on deposit in the Pre-Funding Account is reduced to less than $50,000 or (ii) June 29, 2007.

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • Excess Funding Account shall have the meaning specified in subsection 4.2(d).

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Master Funding Agreement means the Master Funding Agreement entered into by the Company and the Secretary of State on 31st October 2013;

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Principal Funding Account Balance means, with respect to any date of determination, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.02.

  • Broken Funding Costs means for any Purchaser Interest which: (i) has its Capital reduced without compliance by Seller with the notice requirements hereunder or (ii) does not become subject to an Aggregate Reduction following the delivery of any Reduction Notice or (iii) is assigned under Article XIII or terminated prior to the date on which it was originally scheduled to end; an amount equal to the excess, if any, of (A) the CP Costs or Yield (as applicable) that would have accrued during the remainder of the Tranche Periods or the tranche periods for Commercial Paper determined by the Agent to relate to such Purchaser Interest (as applicable) subsequent to the date of such reduction, assignment or termination (or in respect of clause (ii) above, the date such Aggregate Reduction was designated to occur pursuant to the Reduction Notice) of the Capital of such Purchaser Interest if such reduction, assignment or termination had not occurred or such Reduction Notice had not been delivered, over (B) the sum of (x) to the extent all or a portion of such Capital is allocated to another Purchaser Interest, the amount of CP Costs or Yield actually accrued during the remainder of such period on such Capital for the new Purchaser Interest, and (y) to the extent such Capital is not allocated to another Purchaser Interest, the income, if any, actually received during the remainder of such period by the holder of such Purchaser Interest from investing the portion of such Capital not so allocated. In the event that the amount referred to in clause (B) exceeds the amount referred to in clause (A), the relevant Purchaser or Purchasers agree to pay to Seller the amount of such excess. All Broken Funding Costs shall be due and payable hereunder upon demand.

  • Current Distribution Date means a Distribution Date specified as a reference date for calculating the Expected Distributions with respect to the Certificates of any Trust as of such Distribution Date.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Group I means Series 1997-1 and each other Series specified in the related Supplement to be included in Group I.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Offering Funding Date means the date on which the offering for the Series Asset is fully funded through an offering conducted by the Company.