MCLP definition

MCLP means Mosaic Capital L.P., a limited partnership formed under the laws of the Province of Alberta pursuant to the terms of a limited partnership agreement dated December 13, 2011, as amended or restated from time to time;
View Source
MCLP shall have the meaning set forth in the Preamble.
View Source

Examples of MCLP in a sentence

  • Not less than twice per year, MCLP shall provide MCAN with written confirmation that it has reviewed, tested and updated, as appropriate, all such plans.

  • MCLP shall provide a copy of such plans to MCAN on request from time to time.

  • Upon formation of the Partnership, MNC shall contribute $1.00 and MCLP shall contribute $99.00 to the capital of the Partnership.

  • Upon the closing of the acquisition of the Facility by the Partnership or such later time as provided in the Purchase Agreement for the acquisition of the Facility dated December 19, 1986, MNC and MCLP shall contribute as additional capital 1% and 99%, respectively, of the closing costs.

  • Each such loan shall be evidenced by a promissory note which shall be made payable to MNC and MCLP, respectively, shall have a term to maturity of 365 days and shall bear interest at the rate of 9% per annum.

  • MCLP may from time to time, on prior written notice to MCAN, delegate or subcontract all or part of its responsibilities hereunder to MFC, MSC or any wholly owned subsidiary of MCLP.

  • The relationship of MCAN and MCLP hereunder is solely that of principal and agent, and nothing contained herein shall constitute MCAN and MCLP partners or joint venturers or shall impose any liability on either of them as partners or joint venturers, without limiting however, any other agreements between the parties.

  • MCLP shall develop and maintain in effect throughout the Investment Term, a detailed contingency plan, including business continuity and disaster recovery procedures, all relating to its performance of its obligations hereunder, whether as Servicer or otherwise.

  • MCLP shall cause its CEO or CFO to provide to MCAN such certifications with respect to the performance of MCLP’s obligations hereunder and any reports provided in connection herewith, as may be reasonably requested from time to time by MCAN in order to comply with securities, regulatory or other similar requirements applicable to MCAN, whether as a public company or a federally-regulated financial institution.

  • MCLP shall not be required (nor will it have any obligation) to expend its own funds to pay Mortgage Expenses under an Originated Mortgage, provided that MCLP may (but need not), on written notice to MCAN, advance its own funds for such purpose if it deems it necessary or desirable to do so.