Required Funds definition
Examples of Required Funds in a sentence
Any Required Funds raised from the sale of Preferred Shares shall either be contributed to the Partnership as Contributed Funds or loaned to the Partnership pursuant to Section 4.3(c) below.
In the event the General Partner advances Required Funds to the Partnership pursuant to this Section 4.3(b) as Contributed Funds, then the Partnership shall assume and pay (or reflect on its books as additional Contributed Funds) the expenses (including any applicable underwriting discounts) incurred by the General Partner (or such Affiliate) in connection with raising such Required Funds through a public offering of its securities or otherwise.
If any such loan is made, the Partnership shall promptly reimburse the General Partner for all expenses (including any applicable underwriter discounts) incurred by the General Partner in connection with raising the Required Funds.
In this case and in our sole discretion, we will cancel your Quote and return the Required Funds to you by issuing a refund.
However, if you subsequently transfer the Required Funds to your Payment Account after the time and date specified by us in the Quote then you will be deemed to have given us a new payment instruction and section 4.4 will apply.