Funding Transaction definition
Funding Transaction means a loan or other instrument, together with any other related agreements as determined by the Calculation Agent, entered into or issued by the Issuer from time to time pursuant to which the Issuer borrows funds for the purpose of funding its initial obligations under each TRS or purchase of Shares from time to time prior to the Issue Date of the relevant Series of Notes; provided, however, that each Funding Transaction contains provisions providing for the extinguishment of all claims in respect of such Funding Transaction and obligations after application of the proceeds of sale or redemption of any assets that the Issuer holds in relation to such Funding Transaction;
Funding Transaction means (a) any equity financing, and/or (b) any licensing or similar arrangement (including, by means of a joint venture, option or similar arrangement) whereby the Corporation licenses or otherwise grants any interest in or to any of the Corporation’s intellectual property rights, technology, know-how or similar property rights (whether existing now or hereafter) to a non-affiliated third party, or any similar transaction. “Funding Proceeds” shall mean and include (a) in the case of a Funding Transaction comprising an equity financing, the gross proceeds received by the Corporation from the issuance or sale of its equity securities, and (b) in the case of a Funding Transaction comprising a licensing or similar arrangement, the gross proceeds (consisting of signing fees, upfront fees, license fees, sublicense fees, milestone payments or any similar fees or payments, but expressly excluding any royalty payments, profit sharing payments or similar payments calculated based on the sale of products incorporating the Company’s technology) received by the Corporation with respect to such arrangement, and (c) in each case, the gross proceeds are received by the Corporation on or before March 31, 2007 with respect to a Funding Transaction pursuant to a definitive agreement executed on or before December 31, 2006 by the Corporation and the other party to such transaction. In the event the Corporation does not satisfy the Minimum Funding Threshold, but receives Funding Proceeds of at least Eleven Million Dollars ($11,000,000) on or before March 31, 2007, the Corporation shall pay the Employee a Bonus in an amount equal to a percentage of the Employee’s then current annual Base Salary in an amount equal to the product of (x) 100%, multiplied by (y) the quotient of (A) the Funding Proceeds received by the Corporation on or before March 31, 2007, divided by (B) Fifteen Million Dollars ($15,000,000).”
Funding Transaction means any transaction or series of transactions entered into by Holder, any affiliate of Holder or any Securitization Entity for the purpose of obtaining funding for any such entity and pursuant to which such Holder, affiliate of Holder or Securitization Entity may sell, convey or otherwise transfer, or pledge or grant a security interest in any of their respective interests in this Warrant; “Permitted Transferee” means any person, other than a natural person, that is (i) an affiliate of Holder, (ii) a Securitization Entity, or (iii) a commercial bank, insurance company, investment or mutual fund or other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans or financial assets in the ordinary course of business; and “Securitization Entity” means an entity formed by or on behalf of Holder or any Affiliate of Holder, or formed by or on behalf of any entity providing funding to Holder or any affiliate of Holder, for the purpose of obtaining funding secured by assets including all or any part of the Holder’s interests in the this Warrant, or selling ownership interests therein, and that engages in no material activities other than in connection with the financing or securitization of loans or financial assets.]
Examples of Funding Transaction in a sentence
Notwithstanding any other provision herein or otherwise, Buyer shall have no obligation to enter into any Future Funding Transaction (even with respect to any Purchased Asset identified on the applicable Purchase Date as having future funding obligations).
The Cash Manager undertakes (to the extent to which the same is within its control) that at the Initial Closing Date the Funding Transaction Account will be operative and that the Cash Manager will not knowingly create or permit to subsist any Security Interest in relation to the Funding Transaction Account other than as created under or permitted pursuant to the Funding Deed of Charge.
Each Future Funding Confirmation, together with this Agreement, shall be conclusive evidence of the terms of the Future Funding Transaction covered thereby, and shall be construed to be cumulative to the extent possible.
Any determination to enter into a Future Funding Transaction shall be made in Buyer’s sole and absolute discretion.
Buyer shall be entitled to make a determination, in the exercise of its sole and absolute discretion whether, in the case of a Future Funding Transaction, it shall or shall not advance the requested Future Funding Amount.
More Definitions of Funding Transaction
Funding Transaction refers to a near real-time transfer of funds from your Card account to another network-branded account (e.g., a Visa or Mastercard prepaid or debit card) that is authorized via a third-party platform (e.g., loading of a prepaid card account, moving funds into another financial account, external P2P transactions, or adding value to a digital wallet). Your Card can only be used for cash withdrawals at ATMs and for teller cash withdrawals in the U.S. and its territories, Canada, and Mexico. We also reserve the right to limit or block the use of your Card in certain foreign countries due to fraud or security concerns or to comply with applicable law. We may, in our sole discretion, further limit your use of your Card at ATMs, and in addition to our limits, an ATM owner or operator may impose additional withdrawal limits. In addition, to prevent fraud and maintain the security of your Account, additional limits apply to the use of your Account. For fraud and security reasons, we may impose additional limits, at any time and without notice, on the amount, number, and type of transactions you can perform with your Account and on any funding or load of your Account. Your Account is for personal use only. We may refuse to process any transaction that we believe may violate the law or the terms of this Agreement. You agree that you will: (i) not use your Card or Account at unlawful domestic or international gambling websites, or at payment processors supporting unlawful gambling websites, or to purchase illegal goods or services; (ii) promptly notify us of any loss or theft of your Card; and (iii) promptly notify us of the loss, theft, or unauthorized disclosure of any PIN used to access your Account. We may refuse to issue a Card, refuse to allow you to sign up for an Account, revoke or suspend your Account privileges, or cancel your Card or Account with or without cause or notice, other than as required by applicable law. We may not mail you a Personalized Card. You cannot sell or transfer your Account to anyone else, and it can only be used by you or someone you authorize. If you authorize anyone else to use your Card or Account, you are responsible for all transactions made by that person, even if they exceed the authorization granted.
Funding Transaction means the transaction contemplated by the Investment Facility Documents.
Funding Transaction means any transaction or series of transactions entered into by a Lender, any Affiliate of Lender or any Securitization Entity with a Permitted Transferee for the purpose of obtaining funding for any such entity and pursuant to which such Lender, Affiliate or Securitization Entity may sell, convey or otherwise transfer, or pledge or grant a security interest in any of their respective interests in the Loan Agreement or any Loan Document.
Funding Transaction means any transaction or series of transactions entered into by a Lender, any Affiliate of Lender or any Securitization Entity for the purpose of obtaining funding for any such entity and pursuant to which such Lender, Affiliate or Securitization Entity may sell, convey or otherwise transfer, or pledge or grant a security interest in any of their respective interests in the Loan Agreement or any Loan Document.
Funding Transaction means a funding transaction between the Funder and the Clients made on the terms and conditions of this [Funding] Agreement in respect of the funding transaction which has been signed by both the Funder and the Client.
Funding Transaction mean one or a series of related transactions in which the Company issues debt or sells shares of its capital stock and/or Common Stock Equivalents for gross proceeds of not less than $2,000,000 or more in capital funding.
Funding Transaction means the funding of the Litigation Trust contemplated by the Investment Facility Documents.