Second Funding definition
Examples of Second Funding in a sentence
Notwithstanding the foregoing, Second Funding Corporation shall continue to have the rights and obligations of an Indemnitee under Section 13 of the Participation Agreement.
Without limiting the generality of the foregoing, neither the Owner Trustee nor the Owner Participant shall have any obligations or duties with respect to the redemption of the bonds issued by Second Funding Corporation or the issuance of the Bonds.
Treasurer Atlantic Auto Funding Corporation Treasurer Atlantic Auto Second Funding Treasurer Corporation Atlantic Auto Third Funding Corporation Treasurer UAG Houston Acquisition, Ltd.
If the Department TIFIA Protection Amount is not deposited to the VDOT Funding Account on the Second Funding Closing Date, the Department will deposit additional amounts necessary to reimburse the Concessionaire for all costs incurred with respect to the Project as a result of the delay in funding.
The Board of Directors has resolved to recommend the approval of the sale of the Second Funding Shares by the Company to Buyer and the adoption of this Agreement and the Articles of Amendment by the Shareholders, and has directed that the sale of the Second Funding Shares, this Agreement and the Articles of Amendment be submitted to the Shareholders for their approval.
Buyer acknowledges that it or its representatives have been furnished with substantially the same kind of information regarding the Company and its business, assets, results of operation, and financial condition as would be contained in a registration statement prepared in connection with a public sale of the Initial Funding Shares and the Second Funding Shares.
All of the outstanding Shares have been duly authorized and are validly issued, fully paid and nonassessable and, upon the sale thereof, the Initial Funding Shares and the Second Funding Shares will be duly authorized, validly issued, fully paid and nonassessable.
The Department acknowledges that such involvement will not cause a delay of the Second Funding Closing Date.
Upon the terms and subject to the conditions set forth in this Agreement the Company shall sell to Buyer and Buyer shall purchase from the Company the Second Funding Shares for a total consideration of Three Million Eight Hundred Thousand Dollars ($3,800,000.00) (the "Second Funding Shares Purchase Price"), subject to adjustment pursuant to Section 1.2(a).
Buyer will have available to it, at the time required, the funds necessary to consummate the Offer, and the purchase of the Initial Funding Shares and the Second Funding Shares.