Funding Event definition

Funding Event means any transaction or series of transactions closed after the Original Issue Date in which the Obligor raises $1,000,000 or more through the sale of their equity securities or securities exercisable or convertible into equity securities.

Funding Event means on any day, (the “Rating Decline Date of Determination”) BNP Paribas’ long-term credit rating has declined to a level three or more notches below its highest rating by any of Standard & Poor’s Ratings Services, Xxxxx’x Investor Service, Inc. or Fitch Ratings, Ltd. during the period beginning on and including the Closing Date and ending on and including the Rating Decline Date of Determination.

Funding Event means the occurrence of any of the following events as administratively determined by the Southern Committee:

Examples of Funding Event in a sentence

• If, after the first Reserve Account Funding Event to occur hereunder, a Reserve Account Funding Event Cure occurs, on the next Interest Payment Date after the occurrence of such Reserve Account Funding Event Cure the Paying Agent shall, at the direction of Company, transfer all amounts in the Reserve Account into the Collection Account for application on such Interest Payment Date in accordance with Section 2.12(a).

• In addition, if a Funding Event has occurred during the Managed Amortization Period, any amount in the Reserve Sub-Account may be applied to purchase Subsequent Mortgage Loans in the manner set forth in the Purchase Agreement.

• For the avoidance of doubt, only one Reserve Account Funding Event Cure shall be permitted hereunder.

• Notwithstanding any other terms of the Plan to the contrary, following a Funding Event, the provisions of this Section 9 shall apply to the payment of benefits under the Plan with respect to any Director who is a Participant on such date.

• No ERISA Funding Event, ERISA Termination Event, Foreign Termination Event or Foreign Underfunding exists or has occurred, or is reasonably expected to exist or occur, that, when taken together with all other ERISA Funding Events, ERISA Termination Events, Foreign Termination Events and Foreign Underfundings that exist or have occurred, or which could reasonably be expected to exist or occur, could reasonably be expected to result in a Material Adverse Effect.

More Definitions of Funding Event

Funding Event means that, during the Managed Amortization Period, the aggregate Note Balance of the Variable Pay Revolving Notes has been reduced to zero and the Overcollateralization Amount is at least equal to the Overcollateralization Target Amount.

Funding Event means a Change in Control or a Potential Change in Control.

Funding Event means any transaction or series of transactions closed after the Original Issue Date in which the Obligor raises $7,000,000 or more through the sale of their equity securities or securities exercisable or convertible into equity securities.

Funding Event means any transaction or series of transactions closed after the Original Issue Date in which the Obligor raises $10,000,000 or more through the sale of their equity securities or securities exercisable or convertible into equity securities.

Funding Event means the closing of a capital raise transaction by the Company that raises $1 million or more of net proceeds for the Company from the issuance of preferred stock, Common Stock or any other security convertible into Common Stock or preferred stock.

Funding Event means any transaction or series of transactions closed after the Original Issue Date in which the Company or the Parent, or both collectively, raise $4,000,000 or more gross through the sale of their equity securities.

Funding Event means on any day, (the "Rating Decline Date of Determination") BNP Paribas' long-term credit rating has declined to a level three or more notches below its highest rating by any of Standard & Poor's Ratings Services, Moody's Investor Service, Inc. or Fitch Ratings, Ltd. during the period beginning on and including the date of this Agreement and ending on and including the Rating Decline Date of Determination.