Development Fund Contributions Sample Clauses
The DEVELOPMENT FUND CONTRIBUTIONS clause establishes the obligation of one or more parties to provide financial contributions toward a designated development fund. Typically, this clause outlines the amount, timing, and method of payment, as well as the specific purposes for which the fund may be used, such as infrastructure improvements or community amenities. Its core function is to ensure that necessary funding is available for development-related expenses, thereby allocating financial responsibility and supporting the successful completion of the project.
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Development Fund Contributions. Within thirty one (31) days after the Effective Date, the Company shall pay to NetSuite the amount identified on Schedule A as its Development Fund Contribution. Each additional Strategic Reseller’s contribution to the Development Fund shall be similarly identified in the applicable Development Fund Agreement. Unless otherwise agreed by the Parties, all Development Fund Contributions by a Strategic Reseller shall be paid contemporaneously with the common stock subscription payment made by the particular Strategic Reseller pursuant to its applicable Share Purchase Agreement (the “Share Subscription Amount”). Notwithstanding anything to the contrary, except subject to the limited “exclusive rights” set forth in the Distribution Agreement between NetSuite KK and the Company, nothing shall prevent NetSuite or NetSuite KK from adding additional Strategic Resellers to the Development Fund at any time, and additions shall be effective upon signature by NetSuite and the Strategic Reseller of the Development Fund Agreement between such parties, without the requirement for signature from any other Strategic Reseller.
Development Fund Contributions. Within five (5) days after the Effective Date, Transcosmos shall pay to NetSuite the amount identified on Schedule A. Each additional Strategic Reseller’s contribution to the Development Fund shall be similarly identified in the applicable Development Fund Agreement. Unless otherwise agreed by the Parties, all Development Fund Contributions shall be paid contemporaneously with the common stock subscription payment made by the particular Strategic Reseller pursuant to its applicable Share Purchase Agreement (the “Share Subscription Amount”). Notwithstanding anything to the contrary, nothing shall prevent NetSuite or NetSuite KK from adding additional Strategic Resellers to the Development Fund at any time, and additions shall be effective upon signature by NetSuite and the Strategic Reseller of the Development Fund Agreement between such parties, without the requirement for signature from any other Strategic Reseller.