Additional Funding Condition Clause Samples
Additional Funding Condition. Notwithstanding anything to the contrary herein, L▇▇▇▇▇ acknowledges and agrees that the initial funding amount is $10,000,000.00. L▇▇▇▇▇ further acknowledges and agrees that the Total Equipment Cost may exceed $10,000,000.00 upon L▇▇▇▇▇’s receipt and review of T▇▇▇▇▇▇▇▇’▇ audited financial statements for the year ending 12/31/2025, and L▇▇▇▇▇’s satisfaction with T▇▇▇▇▇▇▇▇’▇ financials. The Base Monthly Rental is calculated by multiplying the Base Lease Rate Factor by the Total Equipment Cost and shall be adjusted upon completion of the incremental funding.
Additional Funding Condition. Any Additional Funding (whether a NJ/CT Additional Funding or a NY Additional Funding) shall be subject to, and shall be effected in accordance with, the terms, conditions and covenants set forth in this Section 4.5
Additional Funding Condition. Section 7.2 of the Credit Agreement shall be amended (a) to delete "and" at the end of the clause (e) thereof, (b) to delete the period (".") at the end of clause (f) thereof and replace such period with "; and", and (c) to insert a new clause (g) which shall read in full as follows: