Emergency Funding definition

Emergency Funding has the meaning set forth in Section 9.1(i).

Emergency Funding shall have the meaning ascribed to such term in Section 5.07.D hereof.

Emergency Funding has the meaning given in ‎6.2.

Examples of Emergency Funding in a sentence

• The methods we used to determine which students receive emergency financial aid grants and how much they would receive under Section 18004(a)(1) of the CARES Act are included below under “Student Emergency Funding Allocation”.

• Each Member shall have twenty (20) Business Days from the date of the Post-Closing Preemptive Rights Notice to elect to (but, for the avoidance of doubt, shall not be obligated to) purchase the New Securities from the Company that would, if purchased by such Member, maintain such Member’s Pro Rata Portion in effect immediately prior to the Emergency Funding.

• The methods we used to determine which students receive HEERF II grants and how much they would receive under Section 314(a)(4) of the CRRSAA are included below under “Student Emergency Funding Allocation”.

• The methods we used to determine which students receive the CRRSAA financial aid grants and how much they would receive under Section 314(a)(b) of the CRRSAA Act are included below under “Student Emergency Funding Allocation”.

• Analysis shows that, over the four tranches of Emergency Funding received, Harrow ranked in 108th position nationally (out of 339) and across London in 26th position (out of 33, which is 8th lowest).

More Definitions of Emergency Funding

Emergency Funding means funding required for any valid business purpose of the Company or any Indirect Investment Vehicle as determined by the Property Manager or either Shareholder in each case in its reasonable discretion as being required on short notice, including for the prevention of danger or damage to any person or any Property, where the Shareholders do not agree on whether such funding should be provided;

Emergency Funding has the meaning given to it in Clause 4.1;

Emergency Funding means the expenditure of funds by BCSF on behalf of the Company or any Subsidiary thereof in order to fund an existing Investment, avoid or cure any immediate borrowing base deficiency, default or event of default or termination event related to indebtedness of the Company or any Subsidiary or to otherwise avert or mitigate significant immediate damage to the Company, provided, that in each case BCSF or the Administrative Agent determines in good faith and on a reasonable basis that (a) such expenditure directly relates to a sudden or unexpected event, (b) such expenditure needs to be made within 36 hours of the Administrative Agent becoming aware of such expenditure and it is not reasonably practicable to obtain Prior Committee Approval prior to making such expenditure, (c) the Company and its Subsidiaries has insufficient available cash to make such expenditure, (d) the failure to make such expenditure would reasonably be expected to adversely affect one or more Investments in any material respect, and (e) after giving effect to such expenditure, the total amount of all Emergency Funding outstanding at such time does not exceed $10,000,000. The Members agree that any Emergency Funding shall be treated as a Capital Contribution for all purposes of this Agreement and shall not accrue any interest or entitle BCSF to any fees or the like; provided, that in no event shall any Emergency Funding affect any Proportionate Share or any rights related thereto or derived therefrom (including the rights to vote, receive distributions or be allocated Profit or Loss) except as set forth in Section 5.1(b)(i).

Emergency Funding has the meaning set forth in Section 3.1(b)(i).

Emergency Funding has the meaning attributed to such term in Section 2.1.6.2.1;

Emergency Funding has the meaning given to such term in Clause 12.2 (Emergency Funding);

Emergency Funding shall have the meaning set forth in the Management Agreements.