Common use of Funding Commitment Clause in Contracts

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. 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.. 45