Seed Capital Clause Samples
The Seed Capital clause defines the initial funding provided to a company or project, typically by founders, early investors, or friends and family, to support its early-stage development. This clause outlines the amount of capital to be contributed, the timing of such contributions, and the rights or equity granted in exchange. By clearly specifying the terms of early investment, the clause ensures transparency between parties and helps prevent disputes over ownership or financial obligations during the critical startup phase.
Seed Capital. Administrator will replace the seed capital (in the amount of $100,000.00) of Fidelity Management & Research Corp. which had been initially invested to activate the Portfolios of First Funds.
Seed Capital. (a) Section 3.23(a) of the Company Disclosure Schedule contains a list as of May 31, 2024, of the (i) Seed Capital Investments setting forth the name of the Company Fund or Advisory Client, as applicable and (ii) the net asset value of the Seed Capital Investments of Seller, the Company, the applicable Subsidiary of the Company or any other Seller Related Party.
(b) Since May 31, 2024, all realized investments or divestments of Seed Capital Investments have been made in the ordinary course of business consistent with past practice.
Seed Capital. The Seller and its Affiliates: (a) shall be entitled to withdraw, or otherwise cause to be redeemed, the relevant amounts of Seed Capital (as described opposite the names of each applicable Target Fund on Schedule 5.14 of the Disclosure Schedule) from the relevant Target Funds at or shortly following the Closing; and (b) shall cooperate in good faith with the Purchaser and use commercially reasonable efforts to coordinate the withdrawal or redemption of the Seed Capital with any corresponding action by the Purchaser.