Designated Funds definition

Designated Funds shall include Belair Capital Fund LLC, Belcrest Capital Fund LLC, Belshire Capital Fund LLC, Belvedere Equity Fund LLC, Belrose Capital Fund LLC and Belport Capital Fund LLC.

Designated Funds means funds which (a) constitute Designated Amounts which are actually received by a Loan Party after the Fourth Restatement Effective Date; (b) are the subject of a written notice from the Lead Borrower to the Administrative Agent which (i) is delivered to the Administrative Agent within 60 days after such funds are received by a Loan Party; (ii) sets forth the amount of such funds and states that such funds are Designated Funds; and (iii) identifies the related Designated Amount; (c) are on deposit in a Blocked Account (unless applied to the Obligations as contemplated in the definition of “Designated Reserve”); and (d) have not, before their designation as Designated Funds as contemplated in this definition, been applied to the payment of any amount or payment by any Loan Party (other than to the Obligations as contemplated in the definition of “Designated Reserve”); provided, however, that such funds shall automatically cease to be Designated Funds upon the earliest to occur of (A) the date which is 180 days after such funds were received by a Loan Party; (B) the date on which the Lead Borrower states, in a written notice delivered to the Administrative Agent, that such funds are no longer to be considered Designated Funds; and (C) the date on which such funds are applied to a Restricted Debt Payment under Section 7.12(a)(vi)(D).

Designated Funds in Section 1.1 of the Credit Agreement is hereby deleted and amended in its entirety to read as follows:

Examples of Designated Funds in a sentence

• Designated Funds Investment options authorized for use with this rider and identified by us as designated funds.

• For purposes of such calculation investments in Designated Funds shall have a life of 1 day.

• As of the last day of each calendar year, by written election delivered to the Administrator not less than 10 business days prior to the end of such year, each Eligible Participant may direct that the Designated Funds in which his or her Deferral Account is deemed invested be changed.

• An Eligible Participant may modify the amount of his Deferral Election and/or the Designated Fund(s) specified in the Deferral Election, on a prospective basis by submitting an amended Notice to the Administrator.

• An Eligible Participant, on his deferral election form, shall have the right to select from the then-current list of Eligible Funds one or more, but not more than three, funds in which his Deferral Account shall be deemed invested as set forth in this Section 3 ("Designated Funds").

More Definitions of Designated Funds

Designated Funds means funds to which a direction under article 4(1) applies;

Designated Funds means funds which (a) constitute Designated Amounts which are actually received by a Loan Party after the Fifth Restatement Effective Date; (b) are the subject of a written notice from the Lead Borrower to the Administrative Agent which (i) is delivered to the Administrative Agent within 60 days after such funds are received by a Loan Party; (ii) sets forth the amount of such funds and states that such funds are Designated Funds; and (iii) identifies the related Designated Amount; (c) are on deposit in a Blocked Account (unless applied to the Obligations as contemplated in the definition of “Designated Reserve”); and (d) have not, before their designation as Designated Funds as contemplated in this definition, been applied to the payment of any amount or payment by any Loan Party (other than to the Obligations as contemplated in the definition of “Designated Reserve”); provided, however, that such funds shall automatically cease to be Designated Funds upon the earliest to occur of (A) the date which is 180 days after such funds were received by a Loan Party; (B) the date on which the Lead Borrower states, in a written notice delivered to the Administrative Agent, that such funds are no longer to be considered Designated Funds; and (C) the date on which such funds are applied to a Restricted Debt Payment under Section 7.12(a)(vi)(D).

Designated Funds shall have the meaning set forth in Section 5.8(a)(i)(5).

Designated Funds means funds designated by a donor for a specific purpose4.

Designated Funds means contributions which the contributor has designated to a specific voluntary agency or federation.

Designated Funds means funds designated by a donor for a specific purpose3.

Designated Funds shall include Belair Capital Fund LLC, Belcrest Capital Fund LLC, Belshire Capital Fund LLC, Belvedere Equity Fund LLC, Belrose Capital Fund LLC and Belmar Capital Fund LLC.