Matched Funds Sample Clauses
The Matched Funds clause establishes that one party will provide funding equal to the amount contributed by another party, effectively doubling the available resources for a specific project or purpose. In practice, this means if a grantee secures a certain amount from external sources, the grantor will match that amount up to a predetermined limit, thereby incentivizing the grantee to seek additional support. This clause is primarily used to encourage fundraising efforts and ensure that both parties are equally invested in the success of the initiative.
Matched Funds. The Parties agree, acknowledge and recognize that the Award represents only partial financial support for the Research Program, and Sangamo agrees to provide the balance of the funds necessary to conduct and complete the Research Program. In furtherance of, but without limiting the generality of the foregoing, Sangamo shall contribute to the Research Program, in the aggregate, an amount that is at least equal to the Award Received (the “Matched Funds”). Sangamo hereby covenants and agrees to solely use the Award Received and the Matched Funds to fund the Research Program.
Matched Funds. The Parties agree, acknowledge and recognize that the Award Amount represents only partial financial support for the Research Plan, and Icagen agrees throughout the Research Term (i) to fund the Research Plan in such amounts as set forth on Exhibit B (the “Matched Funds”); and (ii) to provide additional financial support once the Award Amount has been paid in full to conduct the Research Plan.
Matched Funds. The Parties agree, acknowledge and recognize that the Award represents only partial financial support for the Research Plan, and PTI agrees to fund [***] (the “Matched Funds”). CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
Matched Funds. EPIX agrees to assume responsibility for [********] of the costs of performing certain activities in the Research Project, as specified in the Budget (EPIX share is referred to hereinafter as “Matched Funds”).