Funding Commitment. The TA allocates to Sponsor up to [$AMOUNT] for reimbursement of expenditures related to the Scope of Work (Scope of Work Costs) as provided in this Section 2. Sponsor will contribute, or provide for the contribution of, the entire amount in excess of [$AMOUNT] needed to complete the Scope of Work [and must provide at least [AMOUNT]% of the Scope of Work Costs. The TA’s funding commitment under this Agreement in no way establishes a right for Sponsor to receive additional funding from the TA. All funding obligations of the TA under this Agreement are subject to downward adjustment based on actual sales tax receipts for the fiscal years indicated. Sponsor will assess and confirm its ability to complete the Scope of Work within budget as part of the monthly reporting requirements established in Section 1.4, above. Sponsor must further notify the TA between reporting cycles if Sponsor determines that the budget will not be sufficient to complete the Scope of Work. The TA reserves the right to suspend its funding obligation as set forth in Section 3.4 of this Agreement upon such notice, and until Sponsor develops a credible funding plan acceptable to the TA to fund and complete the Scope of Work.
Funding Commitment. (a) Subject to clause 5.1(b), the Study Funder agrees to provide interest free loans to Aurizon Network for:
Funding Commitment. The TA allocates to Sponsor up to [$AMOUNT] for reimbursement of expenditures related to the Scope of Work (Scope of Work Costs) as provided in this Section 2. Sponsor will contribute, or provide for the contribution of, the entire amount in excess of [$AMOUNT] needed to complete the Scope of Work. The TA’s funding commitment under this Agreement in no way establishes a right for Sponsor to receive additional funding from the TA. All funding obligations of the TA under this Agreement are subject to downward adjustment based on actual sales tax receipts for the fiscal years indicated. Sponsor will assess and confirm its ability to complete the Scope of Work within budget as part of the monthly reporting requirements established in Section 1.4, above. Sponsor must further notify the TA between reporting cycles if Sponsor determines that the budget will not be sufficient to complete the Scope of Work. The TA reserves the right to suspend its funding obligation as set forth in Section 3.4 of this Agreement upon such notice, and until Sponsor develops a credible funding plan acceptable to the TA to fund and complete the Scope of Work.
Funding Commitment. Subject to FMI meeting its obligations under this Agreement, during the first […***…] of the Initial Term, Roche will commit at least […***…] in Roche FTE resources (based on Roche’s standard FTE rates as consistently applied) and out-of-pocket expenditures for the activities under this Agreement. FMI may audit Roche in accordance with Article 11 to ensure compliance with this Section. Notwithstanding the above, if there is a reduction in the scope of the Territory pursuant to Section 7.2, then FMI and Roche shall negotiate in good faith an adjustment to the […***…] commitment to equitably reflect the reduction in the market value of the Territory. - 26 - ***Confidential Treatment Requested***
Funding Commitment. Pangea shall provide funding to the Mass operating budget in an amount sufficient to pay the Mass accounts payable in a timely manner, including, without limitation, legal and accounting fees incurred by Mass in connection with the transaction described herein. Pangea shall also use its best efforts to provide Mass with at least $5,000,000, in addition to Mass's operating cash flow, for each consecutive twelve month period hereafter to be used for oil and gas exploration and production projects. If Pangea fails to meet its funding goal for exploration and production, the Mass Shareholders shall have the right to purchase from Pangea all of the then issued and outstanding capital stock of Mass on the terms set forth in Paragraph 4(c) of the Employment Agreement of even date herewith between Pangea and Rxxxxxx X. Xxxxxx.
Funding Commitment. 3 4.3. Equipment................................................ 3 4.4.
Funding Commitment. Unless this Agreement is earlier terminated pursuant to Article 8 hereof, CNPI agrees to provide the total minimum amount of funding for the three years of the Research Program as set forth in Section 4.1 above.
Funding Commitment. The City will fully fund the commitments it makes in the HCP, subject to the constraints identified below. Funding will be from sources at the City’s discretion, including funding from outside sources such as grants or contributions.
Funding Commitment. Licensee agrees that, subject to the Parties’ continued compliance with the terms of the SRAs, Licensee shall provide funding (in the aggregate) to the laboratories of Xx. Xxxxxxx Xxxxxx and Xx. Xxxxx Xxxxx as follows: $2,000,000 by the first anniversary of the Effective Date; $4,000,000 (in the aggregate) by the second anniversary of the Effective Date; and $6,000,000 (in the aggregate) by the third anniversary of the Effective Date (the “Funding Commitment”). As of [****], under the terms of the SRAs, Licensee has agreed to provide Penn with research funding of [****] (with respect to the Xxxxxx SRA) and [****] (with respect to the Xxxxx SRA), in each case, covering the [****] of such SRA, for a total of $8,524,368 covering such [****], and for the avoidance of doubt, the Funding Commitment as described above is not an obligation to pay amounts in addition to such amounts as Licensee has agreed to pay under the SRAs; rather, for clarity and without limitation, the Funding Commitment would be satisfied by Licensee’s payment of such amounts as Licensee has agreed to pay under the SRAs. Notwithstanding the foregoing Licensee shall have no obligation hereunder to provide more than [****] of the Funding Commitment unless Licensee has raised at least [****] in equity, debt or other financing by [****]. For clarity, as of the Amendment Effective Date, Licensee has raised more than [****] in equity, debt or other financing.
Funding Commitment. Purchaser agrees to contribute to the Company a shareholder loan of €1,000,000, in the aggregate, in immediately available funds (the “Funding Commitment”), within five (5) business days following the Closing Date. Sellers acknowledge and agree that the Funding Commitment provides sufficient working capital to fund the operations of the Business during the entire Earn-Out Period, and if and to the extent that the Funding Commitment is insufficient for such purpose, Xx. Xxxxxxxxxx Xxxxxxx personally agrees to contribute the amount of any such deficiency.
