Funding Obligations definition

Funding Obligations shall have the meaning set forth in Section 4.7(b).
Funding Obligations shall have the meaning set forth in the definition ofLender Default.”
Funding Obligations means, collectively, as of any date of determination, (a) the aggregate commitments of the Borrower to make loan advances to any Person or Person pursuant to debt or loan facilities, (b) the obligations of the Borrower to pay previous monthly accrued interest expense and (c) dividends declared and payable by the Borrower.

Examples of Funding Obligations in a sentence

  • On the date hereof, each Subscribing Reinsurer shall deposit in the trust account established thereunder (the "Trust Account") an amount equal to its Trust Funding Obligations (as defined below), determined solely with respect to this Contract and the Policy.

  • Each Subscribing Reinsurer shall at all times maintain on deposit in the Trust Account Assets (as defined in the Trust Agreement) which have a fair market value equal to such Subscribing Reinsurer's Trust Funding Obligations.

  • Each municipality is obligated to repay only that amount which it draws down for the payment of project costs (Interim Funding Obligations).

  • Subject to the deduction of the Trustee's compensation and expenses in accordance with the Trust Agreement, the Insurer may withdraw funds deposited in the Income Portfolio if the fair market value of the Assets on deposit in the Trust Account exceeds one hundred percent (100%) of the Trust Funding Obligations.

  • In the event that the Insured determines at any time that the fair market value of all Assets in the Trust Account is less than 100% of the Trust Funding Obligations, the Insured may send a written notice to that Insurer, with a copy to the Trustee, requiring the Insurer to deposit Assets in the Trust Account so that the fair market value of the Assets deposited in the Trust Account is at least equal to the Trust Funding Obligations.


More Definitions of Funding Obligations

Funding Obligations. Other than for emergency expenditures, including expenditures to remedy life/safety threats and violations of law, for which sufficient funds are not available in the Bank Accounts (and without giving effect to any obligation of New Propco for purposes of determining whether Manager shall be relieved from the Operating Standards), New Propco shall have no obligation to advance any additional funds, for the operation and maintenance of the Properties, whether pursuant to the approved budget or otherwise and Manager shall not be relieved from its obligations or duties under the Management Agreement as a result of New Propco’s determination not to advance any such funds. Notwithstanding, Manager shall not have an obligation to advance any funds necessary for the operation or maintenance of the Properties if New Propco refuses to fund such required amounts.
Funding Obligations shall have the meaning as set forth in Section 10.18.
Funding Obligations as defined in the definition ofDefaulting Lender.”
Funding Obligations has the meaning set forth in Section 3.4.
Funding Obligations shall have the meaning set forth in Section 5.4. “GAAP” shall mean the U.S. generally accepted accounting principles. “Xxxxxxx Sachs” shall have the meaning set forth in Section 4.21.
Funding Obligations shall have the meaning given to such term in Section 8.1(e).
Funding Obligations means the collective reference to (a) the aggregate commitments of the Borrower to make loan advances to any Person or Person pursuant to debt or loan facilities, (b) the obligations of the Borrower to pay previous monthly accrued interest expense and (c) dividend payables of the Borrower (with any such dividend payable being considered a “Funding Obligation” hereunder at the time such payable arises and the Borrower has an obligation with respect thereto (whether such obligation is absolute or contingent), regardless on the date on which such payable becomes due).