Example ContractsClausesApproved Fund
Approved Fund
Approved Fund contract clause examples

Approved Working Drawings. The Final Working Drawings shall be approved by Landlord (the “Approved Working Drawings”) prior to the commencement of construction of the Premises by Tenant. After approval by Landlord of the Final Working Drawings, Tenant may submit the same to the appropriate municipal authorities for all applicable building permits (the “Permits”). Tenant hereby agrees that neither Landlord nor Landlord's consultants shall be responsible for obtaining any building permit or certificate of occupancy for the Premises and that obtaining the same shall be Tenant’s responsibility; provided, however, that Landlord shall cooperate with Tenant in executing permit applications and performing other ministerial acts reasonably necessary to enable Tenant to obtain any such permit or certificate of occupancy. No changes, modifications or alterations in the Approved Working Drawings may be made without the prior written consent of Landlord, which consent may not be unreasonably withheld.

Board-Approved Projections. At least annually, but no later than thirty (30) days after the last day of each fiscal year of Borrower, and promptly with any material updates or changes thereto that are approved by the Board, annual Board-approved operating budgets and financial projections, in a form of presentation reasonably acceptable to Bank;

Approved Installer Policy. No later than ninety (90) days following the Closing Date, Borrower will cause Seller to deliver to the Administrative Agent a written policy (its “Approved Installer Policy”) with respect to its approval process of third party installers of PV Systems, which policy at a minimum shall include the vetting process of the Seller to ensure that such installer # is capable of installing a PV System in a manner comparable to Seller and in accordance with Prudent Industry Standards, # is licensed and # will comply with all Applicable Laws.

The Borrower may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of “Approved Currency”; provided that # such requested currency is a lawful currency that is readily transferable and readily convertible into Dollars in the London interbank market and # dealings in deposits in such requested currency are carried on in the London interbank market. Such request shall be subject to the reasonable approval of the Administrative Agent and the applicable Issuing Bank.

Approved Fund” means any # investment company, finance company, fund,

No Sinking Fund. The Subordinated Note is not entitled to the benefit of any sinking fund.

No Separate Fund. All severance benefits payable under this Agreement are payable from the Company’s general assets. There is no separate trust or fund established for the payment of severance benefits under this Agreement. All amounts payable hereunder shall be less all appropriate deductions, including federal, state and local withholding taxes.

No Sinking Fund. The Designated Senior Preferred Stock will not be subject to any mandatory redemption, sinking fund or other similar provisions. Holders of Designated Senior Preferred Stock will have no right to require redemption or repurchase of any shares of Designated Senior Preferred Stock.

An Approved Option may not be granted:

[[[Borrower:Organization]]] Credit Agreement #61304369

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