Earmarked Funds definition
Examples of Earmarked Funds in a sentence
In the event that Borrower receives Earmarked Funds, Borrower shall use the Earmarked Funds to prepay principal, plus accrued interest, within two business days after such Earmarked Funds are received by Borrower, and the amount of principal so prepaid shall reduce the Maximum Loan Amount.
The Borrowers shall ensure that AK Nordic shall only apply Earmarked Funds to repay the AK Nordic Deposits.
The Earmarked Funds shall be transferred to the Collection Account of the related Trust.
Deposits into the Lock-Box Account allocable to collections on Receivables of each Trust shall be identified and earmarked separately from the collections with respect to each other Trust (the "Earmarked Funds").
Upon release to the Company in accordance with this Section 1.4 and the terms of the Escrow Agreement, one hundred million dollars ($100,000,000) of the Escrowed Funds shall be designated as "Earmarked Funds" and used exclusively in accordance with Section 8.2 of the Commercial Agreement and any additional Escrowed Funds shall be released to the Company and may be used by the Company for any purpose whatsoever.
Earmarked Funds shall not be required to be segregated from any funds of the Company or any Affiliate.
One hundred million dollars ($100,000,000) of the Escrowed Funds released to the Company shall be designated as Earmarked Funds and used exclusively in accordance with Section 8.2 of the Commercial Agreement and any additional Escrowed Funds shall be released to the Company and may be used by the Company for any purpose whatsoever.
The Borrowers shall procure that the AK Nordic Deposits which are not deposited as Earmarked Funds shall not at any time exceed SEK 1,200,000,000 unless approved by the Majority Lenders.
The Borrowers shall procure that the AK Nordic Deposits which are not deposited as Earmarked Funds shall not at any time exceed SEK 1,500,000,000 unless approved by the Majority Lenders.
TiVo agrees that, upon and after the release of the Earmarked Funds from escrow in accordance with the terms of the Investment Escrow Agreement, the Earmarked Funds will be segregated from TiVo's other cash balances and used by TiVo (a) * * * (as defined below) or (b) if agreed in writing by AOL and TiVo, * * * of the Integrated Product in amounts and on terms set forth in such written agreement, and (c) for no other purpose.