Private Funding Sample Clauses

Private Funding. An explicit, first order goal of the Competition is to stimulate sustainable lunar exploration. In order to achieve this goal, direct government funding of Team—a funding mechanism that is not viewed as sustainable in the long term—is allowed only in limited amounts. However, Team is not prohibited from earning revenue through commercially reasonable sales of data, payload capacity, or other services to government agencies, so long as such sales do not violate other terms of this Agreement, including, without limitation, Section 6.13.3 (Exclusivity of Content). Government funding of Team may not exceed ten percent (10%) of the funds used to compete in the Competition. This limitation shall apply to the cumulative sum of government support given as cash and the cash-equivalency, as determined by the Judging Panel, of in-kind support. For purposes of clarity, the following shall be deemed as commercially reasonable arrangements with government clients, and therefore shall not be counted against the ten percent (10%) cap: • winnings in any government-funded incentive prize, including, but not limited to, those offered by NASA’s Centennial Challenges program; • general support, including scholarships, provided to university students, faculty, and staff involved with Team, except where such support is specifically granted for work on robotic lunar surface missions or other express requirements of the Competition; • purchases of data about the Moon or about the conduct of lunar missions, including, but not limited to, purchases made through NASA’s Innovative Lunar Demonstrations Data program, where such purchases are given a reasonably commensurate value in the sole discretion of the Judging Panel; • any purchase or service provision made through the Competition’s Preferred Partner program or another program or event officially sanctioned by XPF, including, but not limited to, the $2,000,000 (two million U.S. Dollars) bonus offered by Space Florida; and • support of any activities conducted by Team outside of the scope of this Competition. To facilitate review of compliance with this requirement as conducted by the Judging Panel, Team shall provide financial statements consistently in accordance with generally accepted accounting principles (U.S. GAAP) or International Financial Reporting Standards (IFRS) upon request.

Private Funding. Acknowledging the Principals’ Staff Committee’s agreement that the CWIP should incorporate innovations in financing that leverage both private capital and market forces to reduce restoration costs, the SRBC, as the financing authority, may solicit and receive private funding, including grants, to finance best management practices for initial implementation of the CWIP. The SRBC’s use of such funding as the financing authority will be subject to the terms and conditions of any relevant private contracts or grant agreements.

Private Funding. In research, the University of Southern Denmark wants to improve the capacity for innovation by focusing on the university’s ability to attract private funding. Table A 3.1.B from Universities Denmark shows that in 2011 the University of Southern Denmark received private funding of DKK 199 million. The University of Southern Denmark’s goal is that private funding will be increased by 5% per annum.

Private Funding. Private sector funding is the responsibility of VISIT XXXXX and shall be fully disclosed in the financial records, both as to amount and origin of cash contributions. Private sector funds will be expended only for activities that do not create a conflict with COUNTY or its intended purposes in entering into this Agreement.

Private Funding. Xxxxxxxx.xxx hereby acknowledges receipt of $500,000 as bridge financing provided from Business Development Corporation pursuant to a written agreement dated March 24, 2000. Such agreement is incorporated herein as Schedule "C" attached hereto. Effective as of the Closing Date, each outstanding warrant to purchase class A common stock of Xxxxxxxx.xxx issued in connection with such bridge financing transaction shall be converted into and thereafter constitute warrants to acquire shares of Zycom class A common stock, on the same terms and conditions as were applicable under the existing warrant certificate, based on the same number of shares of Zycom common stock as the holder of such option would have been entitled to receive pursuant to the exercise ratio set forth in such warrant certificate. At Closing Zycom shall deliver a warrant certificate and a conversion document from each warrant holder converting such warrants as set forth in this subsection.