Commitment to Fund Sample Clauses

Commitment to Fund. 11 SECTION 2.2 REQUESTS FOR TRANCHES.................................... 11 SECTION 2.3

Commitment to Fund. Subject to the terms and conditions hereof, Royal Gold shall disburse Tranches to Somita upon Somita's request during the Availability Period, up to the Maximum Amount. As consideration for the Funding, Somita shall deliver to Royal Gold the Somita Assignments. Notwithstanding anything contained herein to the contrary, in the event that Project Completion is achieved prior to disbursement of the total amount of the Funding to Somita, and provided that all conditions precedent to funding of a Tranche have been satisfied, Somita shall be entitled to request, on or before February 28, 2007, disbursement of the undisbursed amount of the Funding.

Commitment to Fund. (a) In the event that the Company makes a Profit-Sharing Option Election with respect to any Licensed Product, the Lender agrees to lend to the Company, and the Company shall borrow, subject to and upon the terms and conditions set forth in this Section 3.1(a), twenty five percent (25%) of the Pre-Approval Development Expenses to be incurred during the Pre-Approval Development Period, which is the percentage of the Pre-Approval Development Expenses for which the Company is responsible pursuant to, and in accordance with, the terms of the Collaboration Agreement. Notwithstanding any provision in this Agreement to the contrary, if the Lender terminates the Collaboration Agreement under Section 12.6 thereof, the Lender shall no longer be obligated under this Article III to make any further Profit-Sharing Option Loans to the Company after the effective date of termination of the Collaboration Agreement. (b) On or before the fifteenth (15th) day prior to the first day of each calendar quarter following a Profit-Sharing Election and throughout the Pre-Approval Development Period, the Lender shall send to the Company a statement detailing (i) all of the Pre-Approval Development Expenses estimated to be incurred during such calendar quarter, (ii) the third-party vendors to whom payment of Pre-Approval Development Expenses are to be made during such calendar quarter and (iii) the estimated amount of the payment to be made to each such third party vendor. Upon receipt of such statement from the Lender, the Lender and the Company shall promptly (but in any event prior to the first day of such calendar quarter) mutually agree on (x) those of the third party vendors identified in such statement to whom the Lender shall make payment, (y) those of the third party vendors identified in such statement to whom the Company shall make payment (each a "Company Third Party Vendor"), provided that in no event shall the amount payable by the Company to all of such Company Third Party Vendors in the aggregate exceed the Company's twenty five percent (25%) portion of the Pre-Approval Development Expenses identified in such statement. On the first day of such calendar quarter, the Lender shall advance to the Company, in immediately available funds, an amount equal, in the aggregate, to the Company's twenty five percent (25%) portion of the Pre-Approval Development Expenses identified in such statement. Upon receipt of such amount by the Company, the Company shall make payment to eac...

Commitment to Fund. Charley's Fund and ▇▇▇▇ ▇▇▇▇▇ Foundation hereby agree to fund the Sponsor with sufficient funds to comply with its obligations under this Agreement, including its obligations to make payments under Section 3 hereof. Charley's Fund and ▇▇▇▇ ▇▇▇▇▇ Foundation shall be jointly and severally liable to CombinatoRx for failure to comply with this Section 10.8.

Commitment to Fund. Within ten (10) Business Days after approval by the JSC of an annual R&D Plan budget for a particular Research and Development Program, each of the Parties shall provide a written notice to the other Party setting forth what fraction of the Research and Development Costs specified in such annual budget it agrees to fund, if any, up to its then current Share of Net Profits and Losses with respect to such Research and Development Program. Such notice shall constitute a binding commitment by the providing Party to fund such amount of the Research and Development Costs of each such Research and Development Program during the applicable period; provided, that, if, as a result of such funding commitment, a Party’s Share of Net Profits and Losses with respect to the particular R&D Plan budget falls below […***…] percent ([…***…]%) but remains above […***…] percent ([…***…]%), then such Party shall be deemed to have reserved its rights under Section 5.4.5(b).

Commitment to Fund. On the terms and subject to the conditions of this Agreement, including the conditions precedent set forth in Sections 3 and 4 hereof, the Majestic Parties, jointly and severally, agree to pay to the Trust an aggregate amount not to exceed $1,270,000 (the “Maximum Funding Amount”), or so much thereof as may be funded hereunder, inclusive of the following funding sublimits: (a) an aggregate amount of up to $100,000 to be used solely to pay for costs and expenses of the Trust and Liquidating Trustee, as allowed by and in accordance with Section 5.09 of the Liquidating Trust Agreement (the “Trust Expense Payments”); (b) an aggregate amount of up to $550,000 to be used solely to pay for costs and expenses associated with or due to environmental or remediation liabilities or obligations pertaining to the Land (the “Remediation Expense Payments”); (c) an aggregate amount of up to $350,000 to be used solely to pay for real property taxes imposed on the Land or in respect of the Land (the “Tax Payments”); (d) an aggregate amount of up to $20,000 to be used solely to pay for D&O liability insurance premium payments under Section 4.13 of the Liquidating Trust Agreement (the “Insurance Payments”); and (e) an aggregate amount of up to $250,000 to be used, in the Liquidating Trustee’s reasonable discretion, to pay for costs and expenses associated with maintenance of the Land and the prevention of future additional environmental liability on the Land (the “Discretionary Maintenance Payments” and collectively with the Trust Expense Payments, the Remediation Expense Payments and the Tax Payments, the “Funding Payments” and each is referred to herein as a “Funding Payment”); in each case as such Funding Payment becomes due and payable (or is reasonably expected to become due and owing within the sixty (60) day period of such Funding Notice and Certificate, as hereinafter defined).

Commitment to Fund