Second Funding definition

Second Funding has the meaning provided in Section 2.1(a).
Sample 1
Second Funding has the meaning specified in the Investment Agreement.
Sample 1
Second Funding has the meaning set forth in Article 2.3 (Second Funding) below.
Sample 1

Examples of Second Funding in a sentence

  • Treasurer Atlantic Auto Funding Corporation Treasurer Atlantic Auto Second Funding Treasurer Corporation Atlantic Auto Third Funding Corporation Treasurer UAG Houston Acquisition, Ltd.

  • 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.

  • The closing of the purchase and sale of the Second Funding Shares (the "Second Closing") shall take place at the offices of Thomxxxx & Xnigxx, 0000 Chasx Xxxer, 600 Xxxxxx Xxxxxx, Houston, Texas 77002, at 10:00 a.m., local time, on or before July 1, 1999, as the Company and Buyer shall agree in writing (the "Second Closing Date").

  • 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.

  • 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).

  • 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.

  • 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 closing of the Offer (the "Offer Closing") shall occur simultaneously with and be conditioned upon the Second Closing of the sale of the Second Funding Shares as provided in Section 1.3 hereof and the satisfaction or waiver of the conditions set forth in Exhibit 2.1 (the "Offer Closing Date"), unless another date is agreed to in writing by the parties hereto.

  • It is agreed and understood by Buyer that the certificates representing the Initial Funding Shares and the Second Funding Shares shall each conspicuously set forth on the face or back thereof, in addition to any legends required by applicable law or other agreement, a legend in substantially the following form: THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS.


More Definitions of Second Funding

Second Funding means the automatic exercise of Series B Warrants in accordance with their terms resulting in gross proceeds to the Company of at least $5,000,000.
Sample 1
Second Funding is defined in Section 3.
Sample 1

Related to Second Funding

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.02.

  • Project Funding means the funding for the Services;

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Broken Funding Costs means for any Purchaser Interest which: (i) has its Capital reduced without compliance by Seller with the notice requirements hereunder or (ii) does not become subject to an Aggregate Reduction following the delivery of any Reduction Notice or (iii) is assigned under Article XIII or terminated prior to the date on which it was originally scheduled to end; an amount equal to the excess, if any, of (A) the CP Costs or Yield (as applicable) that would have accrued during the remainder of the Tranche Periods or the tranche periods for Commercial Paper determined by the Agent to relate to such Purchaser Interest (as applicable) subsequent to the date of such reduction, assignment or termination (or in respect of clause (ii) above, the date such Aggregate Reduction was designated to occur pursuant to the Reduction Notice) of the Capital of such Purchaser Interest if such reduction, assignment or termination had not occurred or such Reduction Notice had not been delivered, over (B) the sum of (x) to the extent all or a portion of such Capital is allocated to another Purchaser Interest, the amount of CP Costs or Yield actually accrued during the remainder of such period on such Capital for the new Purchaser Interest, and (y) to the extent such Capital is not allocated to another Purchaser Interest, the income, if any, actually received during the remainder of such period by the holder of such Purchaser Interest from investing the portion of such Capital not so allocated. In the event that the amount referred to in clause (B) exceeds the amount referred to in clause (A), the relevant Purchaser or Purchasers agree to pay to Seller the amount of such excess. All Broken Funding Costs shall be due and payable hereunder upon demand.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Additional Funding has the meaning prescribed to that term in clause 4.3 of this Agreement.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Project Funding Agreement means an agreement in the form of Schedule F that incorporates the terms of this Agreement and enables the LHIN to provide one-time or short term funding for a specific project or service that is not already described in Schedule A;

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Master Funding Agreement means the Master Funding Agreement entered into by the Company and the Secretary of State on March 1st 2015.

  • Reserve Account Funding Date means the Payment Date selected by the Servicer on behalf of the Issuer which occurs not later than the earliest of the Payment Date with respect to the Monthly Period which commences three months prior to the commencement of the Controlled Accumulation Period (which commencement shall be subject to postponement pursuant to Section 4.13); provided, however, that if the Rating Agency Condition is satisfied, the Issuer may postpone the Reserve Account Funding Date.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Table funding means a settlement at which a mortgage loan is funded by a contemporaneous advance of loan funds and an assignment of the loan to the person advancing the funds.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.