Common use of Founder’s Contribution Clause in Contracts

Founder’s Contribution. The Founder has made irrevocable wire transfers of the Founder’s Contribution to the Paying Agent, and written confirmation by the Founder that such amount of Founder’s Contribution will be applied towards funding the Acquisition Consideration.

Appears in 2 contracts

Sources: Exchangeable Notes Subscription Agreement (Yucheng Technologies LTD), Exchangeable Notes Subscription Agreement (Yucheng Technologies LTD)