Fully Fund definition

Fully Fund means that on a consolidated basis, the Issuer and its Restricted Subsidiaries have a sufficient amount of free cash flow during the expected period of procurement or construction to completion of a Satellite based on the Issuer’s most recent forecast, together with the dollar amount of any award from the National Geospatial-Intelligence Agency for such Satellite, the balances of cash and Cash Equivalents as shown on the most recent internal financial statements and the committed and undrawn borrowing capacity under Credit Facilities not maturing during such period, to finance all costs and expenses associated with the procurement or construction of a complete Satellite (excluding launch costs and insurance and In-Orbit Insurance).

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Fully Fund when used as a verb shall have a correlative meaning.”

Fully Fund means to fund the Tax Revenue Bond DSRF, or the Surplus Fund, as appropriate in context, up to the levels specified in paragraphs 5(j) (1), (2) and (3) of this Memorandum

Examples of Fully Fund in a sentence

• On the Closing Date, the Borrower shall Fully Fund the Debt Service Reserve Account up to the DSR Requirement Amount as of the Closing Date with cash or a Sponsor Guaranty.

• If any additional County Advanced Revenues are collected and are needed to Fully Fund the Surplus Fund as provided in paragraph 5(j)(3) above, then the County hereby agrees to pay to the Trustee such necessary amount of County Advanced Revenues.

• Thereafter, on each date referred to in the next sentence, the Borrower shall Fully Fund the Debt Service Reserve Account with, to the extent available, (x) cash withdrawals from the Revenue Account permitted under Section 2.19(c)(v) and/or (y) one or more additional DSR Guarantees (or supplements to existing DSR Guarantees) and/or DSR Letters of Credit.

• On the Closing Date, the Borrower shall Fully Fund the Debt Service Reserve Account up to the DSR Requirement Amount as of the Closing Date with a DSR Guaranty.

• The CDA, in turn, will pledge and assign all of its right, title and interest in the Annual Installment, except for amounts segregated for other Costs, to the appropriate Trustee to make debt service payments on the Bonds and, if necessary, to Fully Fund the Tax Revenue Bond DSRF.

• Thereafter, on each date referred to in the next sentence, the Borrower shall Fully Fund the Debt Service Reserve Account with, to the extent available, (x) cash withdrawals from the Revenue Account permitted under Section 2.19(c)(v) and/or (y) one or more Sponsor Guarantees (or supplements to existing Sponsor Guarantees) and/or Account Letters of Credit.

• If at any time thereafter the Tax Revenue Bond DSRF becomes less than Fully Funded, then County Advanced Revenues, revenues in the Surplus Fund, and Special Assessment revenues as available in that order of priority, shall be used to provide sufficient revenue to Fully Fund the Tax Revenue Bond DSRF as soon as reasonably practical, as determined by the County.

More Definitions of Fully Fund

Fully Fund shall have a meaning correlative thereto. “GAAP” shall mean generally accepted accounting principles and practices as in effect from time to time in the United States of America. “Governmental Authority” shall mean any federal, state, provincial, local or foreign court or governmental agency, authority, instrumentality or regulatory or legislative body. “Government Official” shall mean any officer or employee of a government or government- owned or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political office. “Guarantee” shall mean a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement conditions or otherwise). “Hazardous Materials” shall mean all pollutants, contaminants, wastes, chemicals, materials, substances and constituents, including explosive or radioactive substances or petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls or radon gas, of any nature, in each case to the extent subject to regulation or for which liability can be imposed under any Environmental Law. “Hedging Obligations” shall mean, with respect to any specified Person, the obligations of such Person under (a) interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements and interest rate collar agreements; (b) other agreements or arrangements

Fully Fund means to fund the Debt Service Reserve Fund up to the levels specified in paragraph 5 of this Memorandum.

Fully Fund shall have a meaning correlative thereto.

Fully Fund shall have a meaning correlative thereto. 149 “GAAP” shall mean generally accepted accounting principles and practices as in effect from time to time in the United States of America.