Third Party Funds definition
Third Party Funds means any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties.
Third Party Funds has the meaning specified in Section 10.05.
Third Party Funds means any accounts or funds, or any portion thereof, received by the Company or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon the Company or one or more of its Subsidiaries to collect and remit those funds to such third parties.
Examples of Third Party Funds in a sentence
Manulife Investment Management (Hong Kong) Limited (“Manulife”) offers a comprehensive range of retail funds including funds managed by a Manulife Group Company and Third Party Funds (altogether the “Funds”).
You make the representations, warranties and undertakings relating to the investors and holders of the Third Party Funds in the Fund Offering Documents.
Following any such payment by such transfer of accounts and upon delivery to Agent by Borrower of evidence satisfactory to Agent, in its sole discretion, that such accounts, at the time of such application contained funds held in the legal capacity of agent, operator or trustee for a third party (any funds so held, "THIRD PARTY FUNDS"), Agent will remit to the Person or Persons in whose name the account is held such Third Party Funds.
For the avoidance of doubt, notwithstanding any commingling, Third Party Funds shall not be Collateral subject to any Lien arising or created under any Collateral Document.
For the avoidance of doubt, without the prior written consent of the Accounts Bank, the Accounts Bank shall not have any duties or obligations with respect to any Third Party Funds Account.
More Definitions of Third Party Funds
Third Party Funds means Funds not advised or sponsored by BBH or its affiliates.
Third Party Funds means any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties (other than the Loan Parties) in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties.
Third Party Funds means any cash and cash equivalents (and the related escrow accounts, segregated accounts or similar accounts, if any) held or received on behalf of third parties (other than the Company or any Subsidiary Guarantor), including, without limitation, the lessors (or lenders to such lessors) under any Master Lease or Gaming Lease or maintained in an escrow account or similar account pending application of such proceeds in accordance with the applicable Master Lease or Gaming Lease.
Third Party Funds means (if any) the portion of the Matching Funds set forth in the Funding Structure payable by Third-Party Funder(s) as detailed in the Payment Schedule; and
Third Party Funds means (i) any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties (other than the Loan Parties) in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties, (ii) accounts primarily holding funds received from insurance companies in connection with the third party claims of management and handling business of the Borrower and the Subsidiaries (together with the funds held in such accounts) and (iii) cash and Permitted Investments securing Hedging Agreements in the ordinary course of business submitted for clearing in accordance with applicable Requirement of Law.
Third Party Funds means any segregated accounts or funds, or any portion thereof, received by the Borrower or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon the Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties. “Threshold Amount” shall mean the greater of $37,500,000 and 0.15 times the EBITDA calculated on a Pro Forma Basis for the then most recently ended Test Period. “Trade Letters of Credit” shall have the meaning assigned to such term in Section 2.05(a). “Transaction Expenses” shall mean any fees or expenses incurred or paid by the Borrower or any of its Subsidiaries or any of their Affiliates in connection with the Transactions, this Agreement and the other Loan Documents, and the transactions contemplated hereby and thereby. “Transactions” shall mean, collectively, (a) the execution, delivery and performance of the Loan Documents, the creation of the Liens pursuant to the Security Documents, and the initial borrowings hereunder; and (b) the payment of all fees and expenses to be paid and owing in connection with the foregoing. “Type” shall mean, when used in respect of any Loan or Borrowing, the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall include the Adjusted Term SOFR Rate and the ABR. “UK Financial Institution” shall mean any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain 74
Third Party Funds means funds required to be paid to a third party that are deposited with the Manager pending disbursement of such funds to such third party, including, without limitation, the portion of prepaid tickets and parking charges due to such third party under the applicable governing agreement.