Initial Investment Commitment Clause Samples
Initial Investment Commitment iGambit agrees to arrange for a minimum of Five Hundred Thousand Dollars ($500,000) to be utilized for the consolidated operating expenses of the Company and iGambit, during the period beginning on the Closing Date and ending six (6) months later, which may be in the form of loans (from its shareholder, any affiliate, or a third party), and/or equity or some combination (the “Initial Investment Commitment”).
Initial Investment Commitment. The Purchaser agrees to arrange for funding of Gotham Innovation Lab Inc., if necessary, during the period beginning on the Closing Date and ending one (1) year later to support the agreed upon Business Plan. Except for the Initial Investment Commitment and as mutually agreed to upon annual budget and business plan review as described in Section 2.3(b)(i), the Purchaser does not agree to provide any financing or invest any certain amount of time, money or effort with respect to Gotham Innovation Lab Inc. and shall have no duties or obligations to the Seller whatsoever with respect to the operation of Gotham Innovation Lab Inc., all of which shall be conducted in the exercise of the Purchaser’s sole and absolute discretion.