Escrow Funding Election definition

Escrow Funding Election has the meaning assigned to such term in Section 2.07(a).
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Examples of Escrow Funding Election in a sentence

  • If the Escrow Funding Election is made by MK Holdings, the obligations of each Term Loan Lender to make a Term Loan and of each Revolving Lender to make a Limited Condition Revolving Loan hereunder shall not be effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02): (a) The Effective Date shall have occurred.

  • To the extent the Escrow Funding Election has been made by MK Holdings, the Lenders shall be deemed to have consented to, approved, accepted or be satisfied with, each document or other matter required hereunder that is consented to or approved by or satisfactory to the Administrative Agent, and hereby authorize the Administrative Agent to direct the Escrow Agent to release the Escrow Account Funds pursuant to the Escrow Agreement upon the satisfaction of the conditions set forth herein.

  • Notwithstanding anything to the contrary contained herein, in no event shall the existence of a Default or Event of Default during the Term Loan Availability Period affect the obligation of each Lender to make a Term Loan or a Limited Condition Revolving Loan on the Escrow Funding Date (if the Escrow Funding Election has been made by MK Holdings) or on the Acquisition Closing Date, in each case, if the conditions set forth in Section 4.01, 4.03 and 4.04, as applicable, are satisfied.

Related to Escrow Funding Election

  • 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.

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

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Election Date has the meaning specified in Section 312(h).

  • Pre-Funding Earnings means any Investment Earnings on amounts on deposit in the Pre-Funding Account.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Cash Election Amount means the product of the number of Cash Election Shares multiplied by the Cash Election Consideration.

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

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

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

  • Election Period shall have the meaning set forth in Section 14.3(a).

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

  • LCA Election has the meaning specified in Section 1.09(a).

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Cash Election shall have the meaning set forth in Section 3.2.2.

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Restricted Shares in accordance with Section 4.4 of this Restricted Share Plan; and (ii) the Participant’s Separation Date.

  • Bond election means an election held for the purpose of approving or rejecting

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Class A-PO Deferred Amount For any Distribution Date prior to the Subordination Depletion Date, the difference between (A) the sum of (x) the amount by which the sum of the Class A-PO Optimal Principal Amounts for all prior Distribution Dates exceeded the amounts distributed on the Class A-PO Certificates on such prior Distribution Dates pursuant to Paragraph third clause (2) of Section 4.01(a) and (y) the sum of the product for each Discount Mortgage Loan which became a Liquidated Loan at any time on or prior to the last day of the Applicable Unscheduled Principal Receipt Period for Full Unscheduled Principal Receipts for the current Distribution Date of (a) the PO Fraction for such Discount Mortgage Loan and (b) an amount equal to the principal portion of Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions) incurred with respect to such Discount Mortgage Loan and (B) the sum of (x) the sum of the Class A-PO Recoveries for such Distribution Date and prior Distribution Dates and (y) amounts distributed on the Class A-PO Certificates on prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a). On and after the Subordination Depletion Date, the Class A-PO Deferred Amount will be zero. No interest will accrue on any Class A-PO Deferred Amount.

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.