Financing Covenant. VRDT covenants and agrees to obtain at or before Closing a conditional financing commitment from a third party or parties that provides for, upon achievement of performance milestones related to the Company, sufficient financing to support the mutually agreed initial development budget and timeline of the Company and its subsidiaries.
Appears in 1 contract
Sources: Acquisition Agreement (VRDT Corp)
Financing Covenant. VRDT covenants and agrees to obtain at or before Closing a conditional financing commitment from a third party or parties that provides for, upon achievement of performance milestones related to the CompanyTransfer, sufficient financing to support the mutually agreed initial development budget and timeline of the Company and its subsidiariesLTC.
Appears in 1 contract
Sources: Share Exchange Agreement (VRDT Corp)