Down Schedule and Process Sample Clauses

Down Schedule and Process. For each Funding Period, the Children’s Trust will (a) transfer funding to the Independent Evaluator per the schedule outlined in Table 1 below from the applicable Capital Call and (b) transfer all remaining proceeds of the Capital Call to NFP at least fourteen (14) days prior to the start of the each Funding Period. Table 1: Funding Schedule for the Independent Evaluator Independent Evaluator $109,153 $109,153 $109,153 $109,153 $109,153 $109,153 $109,153 $109,143 $873,214 A. Table 2 below sets forth the projected aggregate Capital Call schedule for all eight (8) Funding Periods. Table 2: Projected Capital Call Schedule Philanthropic Support Funding Period 1 Funding Period 2 Funding Period 3 Funding Period 4 Funding Period 5 Funding Period 6 Funding Period 7 Funding Period 8 Total Capital Called The Duke Endowment $2,429,162 $1,319,666 $1,068,232 $1,370,441 $813,075 $686,925 $312,500 $- $8,000,000 New Partnership for Youth LLC 1,807,340 1,131,332 750,000 311,327 - - - - 4,000,000 BlueCross BlueShield of SC Foundation 578,198 296,802 437,500 437,500 437,500 437,500 600,000 275,000 3,500,000 The Boeing Foundation 132,160 67,840 100,000 100,000 100,000 100,000 100,000 100,000 800,000 Greenville County SC First Steps 115,640 59,360 87,500 87,500 87,500 87,500 175,000 - 700,000 Beginning with the Program Output Summary Report submitted by NFP prior to the Funding Period 3, any representative from The Duke Endowment, BlueCross BlueShield of SC Foundation, or The New Partnership for Youth LLC shall have the right to call a meeting with the Operations Committee if the Enrollment Ratio, as reported on the most recent Program Output Summary Report submitted by NFP, is below eighty-five percent (85%) to determine the appropriate course of action to improve the Enrollment Ratio, including but not limited to increasing the frequency of reporting, adjusting future Capital Calls, or any other action that the Funders and Operations Committee deem necessary. If the Enrollment Ratio for any of Funding Periods 2 through 7 is below eighty-five percent (85%), then, at the direction of The Duke Endowment, BlueCross BlueShield of SC Foundation and The New Partnership for Youth LLC, Social Finance shall calculate an adjustment to the Capital Call for the following Funding Period in accordance with Article VII below. Upon receipt of such calculation, The Duke Endowment, BlueCross BlueShield of SC Foundation, and The New Partnership for Youth LLC may reduce, proportionately, the Ca...