Examples of Financial Commitments in a sentence
DCDI 12.5% LDCBA shall collect from the Consortium members and thereafter hold and remit all Consortium Financial Commitments in accordance with this Agreement and the Deciphera Funding and Performance Agreement and KBA Funding Agreement.
To illustrate the foregoing, if the annual Consortium Financial Commitments is $400,000.00, the City will pay annually $125,000.00; the County will pay annually $125,000.00; LDCBA will pay annually $100,000.00; and DCDI will pay annually $50,000.00 with such annual payments continuing until that member’s portion of the Consortium Financial Commitments is satisfied.
Upon expiration or termination of this Agreement by either party for any reason whatsoever prior to complete amortization of the Prior Financial Commitments according to the above schedule, Client shall pay to ARAMARK the unamortized principal balance of each Prior Financial Commitment as of the end of the month in which the date of expiration or termination occurs.
Prior to LDCBA distributing any portion of the Consortium Financial Commitments (as described below), Deciphera must purchase the Real Estate from DCDI.
Each member of the Consortium shall be responsible solely for that member’s portion of the Consortium Financial Commitments.