Funding Commitment Sample Clauses

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. 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, ▇▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ personally agrees to contribute the amount of any such deficiency.

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.

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 R▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇.

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. (a) PHIL agrees to loan, advance or otherwise make available to the Company funds in an amount sufficient to pay the Debt Tender Offer Consideration (the "Funds"), on terms no less favorable to the Company than if the Funds were obtained from a person or company dealing at arm's length with the Company, which Funds shall be used by the Company for the express purpose of paying the Debt Tender Offer Consideration. The obligation of PHIL to loan, advance or otherwise make available to the Company the Funds shall be subject to the receipt by PHIL of a duly executed Debt Tender Offer Funding Notice, the form of which is attached hereto as Annex A, and the satisfaction or waiver of the conditions set forth on Annex B hereto. Upon receipt of a duly executed Debt Tender Offer Funding Notice and the satisfaction or waiver of the conditions set forth on Annex B hereto, PHIL shall promptly and, in any event, within two business days, transmit or cause the transmission of the Funds, in immediately available funds, to the account specified in such Notice. Concurrently with such funding, the Company agrees to execute and deliver to PHIL such documents or instruments evidencing such funding as shall be mutually agreed upon. (b) PHIL shall be responsible for the payment of, and shall pay or cause to be paid for, the Debt Tender Offer Expenses as and when the Debt Tender Offer Expenses (or any portion thereof) become due and payable (after taking into account any grace periods and extensions). Notwithstanding the foregoing, PHIL may elect to provide to the Company the neces▇▇▇▇ ▇▇▇ds to fund all or a portion of the Debt Tender Offer Expenses and the Company shall make such payments directly, which for the avoidance of doubt shall not obviate the obligation of PHIL for the satisfaction of the Debt Tender Offer Expenses to the extent not so satisfied with the funds provided by PHIL for such purpose. The Company agrees that it will not enter into or amend or modify any agreements, arrangements or understandings related to the Debt Tender Offer fees and expenses, except (i) for those agreements or arrangements discussed in the second-to-last WHEREAS clause above (existing as of their respective dates), and (ii) as otherwise expressly agreed in writing by PHIL.

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. (a) Subject to clause 5.1(b), the Study Funder agrees to provide interest free loans to Aurizon Network for: (i) if the Rail Study is a Feasibility Study, the Study Funder’s Share of Prefeasibility Costs; and (ii) Drawdown Amounts specified in Drawdown Notices given by Aurizon Network under clauses 5.2(a), 17.1(b)(ii) and 17.6(b)(iii) from time to time. (b) The maximum aggregate amount that the Study Funder is obliged to lend to Aurizon Network under this Agreement at any time is: (i) if the Rail Study is a Feasibility Study, the Study Funder’s Share of Prefeasibility Costs; plus (ii) the Study Funder’s Study Commitment at that time. (c) For the avoidance of doubt, if the Rail Study is a Feasibility Study, the Study Costs for the Rail Study do not include the Study Funder’s Share of Prefeasibility Costs.

Funding Commitment. TAMC has, and shall continue to provide funding assistance to plan, engineer, and construct the CDR Segment.