First Foundation definition
First Foundation means First Foundation Bank, in its capacity either as a Lender or in its individual capacity, as applicable, and its successors or assigns.
First Foundation has the meaning set forth in the preamble to this Agreement.
First Foundation means First Foundation Bank, in its capacity either as a Lender or in its individual capacity, as applicable, and its successors or assigns. “First Lien Loan” means a Loan that is entitled to the benefit of a first lien and first priority perfected security interest on all or substantially all of the assets (net of any real estate) of the respective Obligors obligated in respect thereof, and which has the most senior pre-petition priority in any bankruptcy, reorganization, arrangement, insolvency, or liquidation proceedings, provided, however, that, in the case of accounts receivable and inventory (and the proceeds thereof), such lien and security interest may be second in priority to a Permitted Working Capital Lien; and further provided, that, as of any date of determination, the ratio of the principal amount of the Loan secured by such Permitted Working Capital Lien to TTM EBITDA of the Obligor is less than or equal to 1.0x, otherwise, such Loan will be deemed to be a Second Lien Loan. For the avoidance of doubt, in no event shall a First Lien Loan include a Last Out Loan, unless 100% of the interests in both the First Out Loan and the Last Out Loan are held by the Borrower or the Borrower and its Affiliates, in accordance with that certain exemptive order granted by the SEC to the Originator in July 2012 to the extent that such order remains applicable to Originator and its Affiliates. “First Lien Qualifying Covenant-Lite Loan” means a First Lien Loan which is a Qualifying Covenant-Lite Loan. “First Out Loan” means a Loan that (a) constitutes an Eligible Loan which is a First Lien Loan, (b) is secured on a pari passu basis with a Last Out Loan by a perfected, first priority security interest in all or substantially all of the assets of the related Obligor, and (c) following 27
Examples of First Foundation in a sentence
Payments are processed directly into JSX’s escrow account at its depository bank, First Foundation Bank.
When travel is booked by Participant through a retail travel agent or authorized seller, payments may be made to the agent or authorized reseller, which must in-turn make payment to the depository bank, First Foundation Bank.
Participant's payments are protected in part by an irrevocable letter of credit held by First Foundation Bank (the “Securer”), ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 750, Irvine, CA 92612.
More Definitions of First Foundation
First Foundation and “FFA”. The Sub-Adviser has the right to use the name “First Foundation” and “FFA” in connection with the Sub-Adviser’s services to the Trust and, subject to the terms set forth in Section 8 of this Agreement, the Trust shall have the right to use the name “First Foundation” and “FFA” in connection with the management and operation of the Fund until this Agreement is terminated as set forth herein. The Sub-Adviser is not aware of any threatened or existing actions, claims, litigation, or proceedings that adversely would affect or prejudice the rights of the Sub-Adviser or the Trust to use the name “First Foundation” and “FFA”.
First Foundation. The Sub-Adviser has granted to the Trust and Adviser a license to use the name “First Foundation” (the “Name”) as part of the name of the Fund for the duration of the Management Agreement. The foregoing authorization by the Sub-Adviser to the Trust and Adviser to use the Name as part of the name of the Fund is not exclusive of the right of the Sub-Adviser itself to use, or to authorize others to use, the Name; the Sub-Adviser acknowledges and agrees that, as between the Sub-Adviser and the Adviser, the Sub-Adviser has the right to use, or authorize others to use, the Name, and the Adviser agrees to take such action as reasonably may be requested by the Adviser to give full effect to the provisions of this section.