Parties' Contribution Clause Samples
Parties' Contribution. (a) Subject to Clause 12.5.3(b), each Party shall contribute towards the aggregate Parties' Contribution in the following proportions (and any references in this Agreement to "Proportionate Basis" shall apply these proportions): Conwy Council 1/8th Denbighshire Council 1/8th Flintshire Council 1/8th Gwynedd Council 1/8th The Isle of Anglesey Council 1/8th Wrexham Council 1/8th Bangor University 1/16th Wrexham University 1/16th Coleg Cambria 1/16th GRWP Llandrillo Menai 1/16th NWMD £0 in cash with 1/8 to be delivered “in kind” in accordance with clause 11.4.4
Parties' Contribution. The Final Agreements shall set forth, in detail, each of the parties’ contribution to the transaction - as well as their respective areas of responsibility with respect to the advancement and realization of the Project. However, on a preliminary basis, the parties agree to the following: The parties hereto will attempt to enter into a contractual agreement, and without limiting the generality of the foregoing the parties will prioritize the following:
A. The INVESTOR/PARTNER is investing 1.5 million US dollars in LUX;
i) $300,000 30 days after the commencement of the construction of the facility.
ii) $1,200,000 within the next 90 days after the facility is completely built
B. INVESTOR/PARTNER will receive 50% control of LUX and signing authority on the account that will necessitate two signatures;
C. A Use of Funds will be created and approved for the advancement of the project
D. The INVESTOR/PARTNER may change the terms of payment if acceptable to Lux Biologics Limited
E. The project or facility will be in ▇▇▇▇▇▇▇ County, Province of Ontario area or in the Province of Quebec.
Parties' Contribution. 4.1 The Parties shall each provide the following in relation to the Project, in accordance with the following timeframes (if any):