Commitment to Contribute Sample Clauses

Commitment to Contribute. 2.1 The Contributor hereby commits, subject to the terms hereof, to contribute to the Fund a grant of NOK 800,000,000 (eight hundred million Norwegian Kroners) to the Fund (the “Total Contribution”), consisting of the following: (a) a primary contribution not exceeding NOK 500,000,000 (five hundred million Norwegian Kroners) to be made available and payable to the Fund upon the effective date of the present Contribution Agreement and pursuant to the terms hereunder (the “Primary Contribution”); and (b) a further contribution not exceeding NOK 300,000,000 (three-hundred million Norwegian Kroners), to be made available and payable to the Fund once the Fund has i) entered into one or more contribution agreements with one or more other parties for contributions amounting to at least USD 50,000,000 (fifty million United States Dollars) or equivalent, ii) documents evidencing positive interest from one or several parties to contribute an aggregate amount of at least another USD 40,000,000(forty million United States Dollars) or equivalent, and iii) the Fund demonstrating to the satisfaction of the Contributor the Fund's progress towards the impact targets and indicative outcome targets and key performance indicators (“KPIs”) as stated in Annex 2 below, as well as pursuant to the terms hereunder (“the Remaining Contribution”).