Specified Contribution Sample Clauses
The Specified Contribution clause defines the exact amount or type of resources, funds, or assets that a party is required to provide under an agreement. This clause typically outlines when and how the contribution must be made, such as specifying payment schedules, delivery of goods, or provision of services. By clearly stating each party's obligations, the clause ensures transparency and helps prevent disputes over whether the agreed contributions have been fulfilled.
Specified Contribution. Subject to Section 2.4(f)(ii), concurrently with receipt by Borrower of a Specified Contribution, Borrower shall prepay the outstanding principal amount of the Term Loan in accordance with Section 2.4(f)(i) in an amount equal to 100% of such Specified Contribution.
