Designated Funds definition

Designated Funds shall include Belair Capital Fund LLC, Belcrest Capital Fund LLC, Belshire Capital Fund LLC, Belvedere Equity Fund LLC, Belrose Capital Fund LLC, Belmar Capital Fund LLC and Belterra Capital Fund LLC.”

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Designated Funds means funds which (a) constitute Designated Amounts which are actually received by a Loan Party after the Fifth Restatement Effective Date; (b) are the subject of a written notice from the Lead Borrower to the Administrative Agent which (i) is delivered to the Administrative Agent within 60 days after such funds are received by a Loan Party; (ii) sets forth the amount of such funds and states that such funds are Designated Funds; and (iii) identifies the related Designated Amount; (c) are on deposit in a Blocked Account (unless applied to the Obligations as contemplated in the definition of “Designated Reserve”); and (d) have not, before their designation as Designated Funds as contemplated in this definition, been applied to the payment of any amount or payment by any Loan Party (other than to the Obligations as contemplated in the definition of “Designated Reserve”); provided, however, that such funds shall automatically cease to be Designated Funds upon the earliest to occur of (A) the date which is 180 days after such funds were received by a Loan Party; (B) the date on which the Lead Borrower states, in a written notice delivered to the Administrative Agent, that such funds are no longer to be considered Designated Funds; and (C) the date on which such funds are applied to a Restricted Debt Payment under Section 7.12(a)(vi)(D).

Designated Funds in Section 1.1 of the Credit Agreement is hereby deleted and amended in its entirety to read as follows:

Examples of Designated Funds in a sentence

The Company reserves the right to vote shares of the Designated Funds held in any segregated asset account in its own right, to the extent permitted by law.
For purposes of such calculation investments in Designated Funds shall have a life of 1 day.
All shares of the Designated Funds will be duly authorized for issuance and registered in accordance with applicable federal law and, to the extent deemed advisable by the Trust, in accordance with applicable state law, prior to sale.
Until the end of such six-month period the Trust will, to the extent permitted by law and the Mixed and Shared Funding Order, continue to accept and implement orders by the Company for the purchase (and redemption) of shares of the Designated Funds.
Specifically, without limitation, the owners of the Existing Contracts will be permitted to reallocate investments in the Designated Funds (as in effect on such date), redeem investments in the Designated Funds and/or invest in the Designated Funds upon the making of additional purchase payments under the Existing Contracts.

More Definitions of Designated Funds

Designated Funds means funds to which a direction under article 4(1) applies;

Designated Funds means funds which (a) constitute Designated Amounts which are actually received by a Loan Party after the Fourth Restatement Effective Date; (b) are the subject of a written notice from the Lead Borrower to the Administrative Agent which (i) is delivered to the Administrative Agent within 60 days after such funds are received by a Loan Party; (ii) sets forth the amount of such funds and states that such funds are Designated Funds; and (iii) identifies the related Designated Amount; (c) are on deposit in a Blocked Account (unless applied to the Obligations as contemplated in the definition of “Designated Reserve”); and (d) have not, before their designation as Designated Funds as contemplated in this definition, been applied to the payment of any amount or payment by any Loan Party (other than to the Obligations as contemplated in the definition of “Designated Reserve”); provided, however, that such funds shall automatically cease to be Designated Funds upon the earliest to occur of (A) the date which is 180 days after such funds were received by a Loan Party; (B) the date on which the Lead Borrower states, in a written notice delivered to the Administrative Agent, that such funds are no longer to be considered Designated Funds; and (C) the date on which such funds are applied to a Restricted Debt Payment under Section 7.12(a)(vi)(D).

Designated Funds shall have the meaning set forth in Section

Designated Funds means funds designated by a donor for a specific purpose4.

Designated Funds means contributions which the contributor has designated to a specific voluntary agency or federation.

Designated Funds means Reserve Funds designated by the Corporation to fund Accessory Apartment Loans and proceeds of tax-exempt bond issues designated by the Corporation to fund Home Repair Loans.

Designated Funds are funds provided by Members over and above the Membership Dues and directed to a specific research effort (Directed Research) requested by the Member and agreed to by the Stockton ARTP.