Contribution of Funds. Concurrently herewith, CytRx shall contribute to RXi for use by RXi as provided herein funds (the “Funds”) totaling Seventeen Million Dollars ($17,000,000), against RXi’s delivery to CytRx of the RXi Shares (as defined in Section 1.2). Of the Funds, Two Million Dollars ($2,000,000) (the “Estimated Reimbursement Amount”) shall be retained by CytRx as satisfaction, in full, of all of RXi’s current liabilities to CytRx under the Reimbursement Agreement, subject to Section 1.3. The remainder of Fifteen Million Dollars ($15,000,000) shall be paid to RXi by wire transfer to an account of RXi or its agent designated by RXi for this purpose.
Contribution of Funds. Palmetto Railways hereby does irrevocably pay over, assign, grant, convey, transfer, and deliver unto the CNB Historical Trust the property described in Schedule A of this Agreement.
Contribution of Funds. Upon the terms and subject to the conditions of this Agreement, at the applicable Closing, MCRAC shall contribute and deliver to each of the applicable JV LLC’s, and each of the parties hereto shall cause each of the applicable JV LLC’s to accept, the Funds as follows:
(a) MCRAC shall contribute and deliver to Campus LLC as a capital contribution, and the parties hereto shall cause Campus LLC to accept, the sum of Four Million Three Hundred Four Thousand Seven Hundred Ninety Dollars ($4,304,790) in cash (the “Campus Cash Contribution”);
(b) MCRAC shall contribute and deliver to Xxxxxxx LLC as a capital contribution, and the parties hereto shall cause Xxxxxxx LLC to accept, the sum of Nine Hundred Ninety One Thousand Six Hundred Fifty Four Dollars ($991,654) in cash (the “Kimball Cash Contribution”);
(c) MCRAC shall contribute and deliver to Xxxxxxxx LLC as a capital contribution, and the parties hereto shall cause Xxxxxxxx LLC to accept, the sum of Six Million Nine Hundred Twenty Thousand Nine Hundred Ninety Two Dollars ($6,920,992) in cash (the “Xxxxxxxx Cash Contribution”);
(d) MCRAC shall contribute and deliver to Belmar LLC as a capital contribution, and the parties hereto shall cause Belmar LLC to accept, the sum of One Million Six Hundred Thirty Five Thousand One Hundred Thirty Three Dollars and Sixty One Cents ($1,635,133.61) in cash (the “Belmar Cash Contribution”);
(e) MCRAC shall contribute and deliver to Transit LLC as a capital contribution, and the parties hereto shall cause Transit LLC to accept, the sum of Five Hundred Fifty One Thousand Eight Hundred Sixty Four Dollars ($551,864) in cash to Transit LLC (the “Transit Cash Contribution”);
(f) MCRAC shall contribute and deliver to Rock LLC as a capital contribution, and the parties hereto shall cause Rock LLC to accept, an amount of cash as is equal to the product of $17.50 multiplied by the actual number of square feet of rentable office space that Rock-GW LLC is approved to develop at the Rock-GW Development Property (the “Rock Cash Contribution”). Notwithstanding the foregoing, in the event that the resultant projected internal rate of return on the Rock Cash Contribution with respect to the Rock GW Interest shall be less than 10%, the Rock Cash Contribution shall be reduced to such amount as would cause the projected internal rate of return on the Rock Cash Contribution with respect to the Rock GW Interest to equal 10%, provided, however, if the Rock Cash Contribution shall be adjusted to ...
Contribution of Funds. 2.1. No later than the Closing date, Dilazar shall wire to the Company's bank account an amount of US $213,856, which represents 49% of the Company's negative capital balance as December 31, 2020.
Contribution of Funds. Subject to appropriation of the Council for the City of Richmond (“City Council”), the City shall make available to GRTC the City’s portion of the Total Capital Funds as set forth in Section 5 of this Agreement.
Contribution of Funds. Subject to appropriation of the Board of Supervisors for Henrico County (“County Board”), the County shall make available to Sponsor the County’s portion of the Total Capital Funds as set forth in Section 5 of this Agreement.
Contribution of Funds. If Consultant or subcontractors or subconsultants employ journeypersons or apprentices in any apprenticeship craft or trade in the locality, if any, listed in the Work Authorization for the performance of construction, alteration, demolition or repair work as defined in Section 1720 of the State of California Labor Code, and there exists a fund for assisting to allay the cost of the apprenticeship program in the trade or craft, to which fund or funds other contractors in the locality so identified are contributing, Consultant and subcontractors or subconsultants shall contribute to the fund or funds in each craft or trade in which they employ journeypersons or apprentices on the Covered Services hereunder in the same amount or upon the same basis and in the same manner done by the other contractors. Consultant may include the amount of such contributions in computing its compensation under the Agreement; but if Consultant fails to do so, it shall not be entitled to any additional compensation therefore from University.
Contribution of Funds. The funds referred to in Section 6.6 hereof shall have been contributed to Seller.
Contribution of Funds. Castel hereby agrees to contribute to Seller, before or upon the consummation of the Merger, all funds necessary to pay any amounts required to be paid to the minority shareholders of PTI as a result of the Merger, including any amounts to which such shareholders might be entitled pursuant to the exercise of dissenter's rights.
Contribution of Funds. Subject to the adjustments provided for herein, Investor shall contribute to the Company an amount (herein referred to as the "Contribution Amount") in cash equal to the sum of (A) $101,612,491.00, less the net proceeds of the Permanent Loan applied under Section 2.1(d), and (B) the amount of Investor's share of the Closing Costs. The Contribution Amount is subject to reduction by reason of the removal of a Parcel from the Property as described in Section 1.3. Although General Partner and Limited Partner shall be jointly and severally liable for the obligation to contribute the Contribution Amount, it is intended that General Partner shall contribute 1% of the Contribution Amount and Limited Partner shall contribute the remainder.
