Cash Commitments Sample Clauses
Cash Commitments. Subject to the terms and conditions set forth herein, the aggregate cash Capital Contributions committed by Bayer to the capital of the Company is $56,000,000 (the “Bayer Cash Commitment”). The Bayer Cash Commitment will be payable as Cash Injections in immediately available funds (in US dollars) pursuant to wire transfer instructions provided to Bayer prior to the applicable Funding Date. Subject to the terms and conditions set forth herein, the Company will provide Bayer a written invoice, including the due date for and the amount of any Cash Injection required to be made to the Company hereunder, together with the wire instructions for such Cash Injection (it being acknowledged that the financial institution to which such Cash Injection will be transmitted will be the bank account of the Company, which financial institution will be reasonably acceptable Bayer), prior to the Closing Date (for the Initial Cash Injection) and at least [**] in advance of the due date of any other Cash Injection.
Cash Commitments. The maximum cash commitment of each Consortium Member to fund each Annual Research Program is as set forth opposite such Consortium Member's name on Schedule III hereto. Schedule III also sets forth the cash commitment of each Consortium Member to fund the Annual Research Program for the first Contract Year, and shall be amended for each subsequent Contract Year to reflect the Annual Research Program Budget for such Contract Year and the allocation of the resulting cash commitment among the Consortium Members in accordance with the terms of the Consortium Member Agreement (the cash commitment for each Contract Year being referred to as each Consortium Member's