Parallel Funding definition

Parallel Funding means any Expenditure funded by Trilogy in connection with any Parallel Funded Program and Budget;
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Examples of Parallel Funding in a sentence

  • The "Indemnity Share" of each Related Bank at any time shall be a fraction (expressed as a decimal), the numerator of which shall be such Related Bank's Parallel Funding Commitment at such time, and the denominator of which shall be the aggregate of the then current Total Construction Loan Commitment, Total Working Capital/Project LC Commitment and Total DSR LC Commitment.

  • If any such Related Bank does not agree to so renew its Parallel Funding Commitment before the 10th Banking Day prior to its then Parallel Funding Commitment Termination Date, such Related Bank shall be deemed to have declined to renew it Parallel Funding Commitment.

  • No Related Bank shall (i) assign any portion of its Parallel Funding Commitment other than in connection with a Lender Group assignment permitted under Section 9.14.1 or (ii) assign any portion of its Liquidity Backstop Commitment as a Liquidity Provider.

  • If any such Related Bank agrees in writing to so renew its Parallel Funding Commitment, the Parallel Funding Commitment Termination Date of such Related Bank as set forth in Exhibit I shall be automatically amended without further action to reflect such renewal.

  • Title: President AEA Middle Market Debt II Parallel Funding LLC By: /s/ ▇▇▇▇▇▇ ▇.