Funding Condition definition
Funding Condition means the Landlord providing written notice to the Tenant that it is satisfied that the Tenant has the Financial Resource to meet and pay the Relevant Costs and that sufficient funds have been allocated to the Proposed Development. Group means in relation to an undertaking, that undertaking, any subsidiary undertaking or parent undertaking of that undertaking, any other subsidiary undertaking of any parent undertaking of that undertaking (as each such term is defined in section 1161 or section 1162 (as applicable) of the Companies Act 2006).
Funding Condition means a condition, standard or guideline specified in a Schedule, or imposed by NHMRC, in respect of a Research Activity and with which the Administering Institution is required to comply in respect of that Research Activity;
Funding Condition. A condition that is satisfied on any date of determination if (a) the amount on deposit in the Variable Funding Account is equal to or greater than an amount equal to (b) the aggregate principal amount of the unfunded portion of the Revolving Credit Facilities and Delayed-Draw Loans held by the Issuer as of such determination date.
Examples of Funding Condition in a sentence
The Tenant shall give the Landlord full details of the Financial Resource available to the Tenant including evidence of (in the case of Third Party Finance Resource) the relevant offer or facility agreement, who shall act reasonably in considering whether the Finance Resource satisfies the Funding Condition.
Any disputes about whether the Funding Condition is satisfied or the amount of the Financial Resource may be referred by either the Landlord or the Tenant to an Independent Person in accordance with clause 11 of this Agreement.
The Borrower shall deposit in the Claims Escrow Account, no later than one (1) Business Day following receipt, fifty percent (50%) of the collections received by Borrower from all of the Consumer Loans until the Claims Escrow Account Funding Condition is satisfied.
The Applicable Funding Condition shall have been satisfied in form and substance reasonably satisfactory to the Administrative Agent and the Oaktree Lender.
Capital Calls for the acquisition of an Additional Property shall be made following the satisfaction of the Funding Condition for the acquisition of such Property at such time(s) as Campus Crest shall reasonably determine is necessary to close the applicable transaction.
More Definitions of Funding Condition
Funding Condition means the initial draw or other initial funding, in each case of a material amount, under binding agreements providing for (i) the funding of the construction of the American Centrifuge Project in an aggregate amount of not less than $1.5 billion supported by the U.S. Department of Energy loan guarantee program or such other government support or government funding or (ii) the implementation and deployment of a National Security Train Program utilizing American Centrifuge technology with an expected total program cost to be funded by the government of not less than $750 million.
Funding Condition means a condition, standard or guideline specified in a Schedule (or an attachment to a Schedule), or imposed by Health, in respect of a
Funding Condition means in relation to any Building that the Developer has secured Acceptable Funding for the development of that Building as provided in Clause 36;
Funding Condition has the meaning as defined in Schedule 7 “Good Industry Practice” using standards, practices, methods and procedures conforming to the law and exercising that degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person engaged in a similar type of undertaking under the same or similar circumstances “Habitable Rooms” all rooms with at least one window which are rooms a) capable of use for sleeping or living or dining (but excluding kitchens save where b) applies); or b) a kitchen with an overall floor area of not less than 11m2 Internal Area but excluding in all cases toilets, bathrooms, landings, halls and lobbies Provided That any room in excess of 27.5m2 Internal Area will be treated as two Habitable Rooms in the determination of the quantum of Residential Units “Hazardous Material” any substance, whether in solid, liquid or gaseous form, which is capable of causing harm to human health or to the Environment whether on its own or in combination with any other substance “Health and Safety Executive” the Health and Safety Executive or any successor department or organisation having responsibility for the administration of the CDM Regulations “Highways Act” the ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ “Implementation Group” the Implementation Group to be established in accordance with the provisions of Schedule 1, which is at any time to comprise the personnel of the Parties to be responsible for the day-to-day implementation of the Development. “Implementation Strategy” the implementation strategy for the Development Area comprising the Implementation Strategy: Land Assembly, Implementation Strategy: Development and Implementation Strategy: Interim Management as annexed to the Business Plan, as may be amended from time to time in accordance with the Change Procedure “Implementation Strategy: Development” the part of the Implementation Strategy dealing with the strategy for the Development of the Development Area, as annexed to the Business Plan, as may be amended from time to time in accordance with the Change Procedure “Implementation Strategy: Interim Management” the part of the Implementation Strategy dealing with the strategy for the interim management of the Development Area, as annexed as to the Business Plan, as may be amended from time to time in accordance with the Change Procedure
Funding Condition shall have the meaning set forth in Section 8.3(d).
Funding Condition means both (a) the Purchasers have obtained Tax Rulings confirming that they count, in the aggregate, as not more than ten lenders under the Non-Bank Rules that are not Qualifying Banks, and (b) the FDA has granted Marketing Approval of the Product (i) on or prior to June 30, 2023 and (ii) unless waived in writing by the Required Purchasers, prior to the occurrence of any Default or Event of Default.
Funding Condition means the occurrence of all of the following for any 2019 Term C Loan Advance: (a) Borrower has requested such 2019 Term C Loan Advance, (b) Lender has received all necessary internal and credit approvals for such 2019 Term C Loan Advance (based upon amongst other things, commercial traction, additional clinical, fundraising, and/or business development milestones), (c) Borrower has delivered financial and other information required by Lender, which shall be satisfactory to Lender in its sole discretion, (d) no Event of Default exists at the time the requested increase is to go into effect or would exist as a result of such 2019 Term C Loan Advance, and (e) Lender has provided written approval in its sole discretion that such 2019 Term C Loan Advance shall be made. For clarity, upon satisfaction of each of the conditions in (a) through (d), the determination of whether to provide any such 2019 Term C Loan Advance shall be in Lender’s sole discretion and shall in no event occur automatically.