Sufficiently funded definition
Sufficiently funded means that the accounts established pursuant to subsection B of § 15.2-5833
Sufficiently funded means that the accounts established pursuant to subsection B of § 15.2- 5833 have adequate funds to meet the needs of the Authority to honor its debt service obligations and contractual commitments and to maintain the district, campus, and professional sports arena. Whether the accounts are sufficiently funded shall be determined based on criteria adopted by the Authority in consultation with the Oversight Commission, as well as the terms set forth in bond and other financing documents entered into by the Authority.
Sufficiently funded means, as of the most recent determination, the aggregate “funding target attainment percentage” (as defined in Section 430(d)(2) of the Code) of the Pension Plans exceeds 70%.
More Definitions of Sufficiently funded
Sufficiently funded means (a) with respect to a public company, having a market capitalization of at least $1,500,000,000 market capitalization or
Sufficiently funded means (a) with respect to a public company, having a market capitalization of at least $1,500,000,000 market capitalization or (b) with respect to any other third party, having net assets at least equal to at least $1,000,000,000 (inclusive of the value of the assets acquired from Seller or Seller Successor) in each case, measured on the date of and giving effect to the applicable Corporate Transaction.