Common use of Financing of Business Activity Clause in Contracts

Financing of Business Activity. AmericaTowne shall provide Licensee with a budget and funding plan for the Authorized Location, and the Licensee's business start-up, based on AmericaTowne's experience and expertise in conducting business within the particular locale (the "Financing Budget"). The Parties agree that the approval of the Financing Budget does not guarantee success of actually securing the necessary financing or in the overall success of the business. The Parties agree to the preliminary Financing Budget attached hereto as Exhibit D. The Parties will agree to an updated Financing Budget within sixty (60) days prior to construction of the Authorized Location (as addressed in Section 3(d)(ii), above). Upon agreement of all terms and conditions of an updated Financing Budget, the Parties shall mutually execute a "Final Financing Budget," which can be amended or modified only by a writing signed by the Parties. The Parties acknowledge that the Final Financing Budget might alter or modify their respective rights, duties and obligations hereunder, and if so, such modification will be memorialized in writing signed by the Parties. Absent a writing, this Agreement is to be interpreted, as a whole, consistent with the Final Financing Budget and the alterations or modifications caused by the Final Financing Budget.

Financing of Business Activity. AmericaTowne shall provide Licensee with a budget and funding plan for the Authorized Location, and the Licensee's ’s business start-up, based on AmericaTowne's ’s experience and expertise in conducting business within the particular locale (the "“Financing Budget"”). The Parties agree that the approval of the Financing Budget does not guarantee success of actually securing the necessary financing or in the overall success of the business. The Parties agree to the preliminary Financing Budget attached hereto as Exhibit D. The Parties will agree to an updated Financing Budget within sixty (60) days prior to construction of the Authorized Location (as addressed in Section 3(d)(ii), above). Upon agreement of all terms and conditions of an updated Financing Budget, the Parties shall mutually execute a "“Final Financing Budget," ” which can be amended or modified only by a writing signed by the Parties. The Parties acknowledge that the Final Financing Budget might alter or modify their respective rights, duties and obligations hereunder, and if so, such modification will be memorialized in writing signed by the Parties. Absent a writing, this Agreement is to be interpreted, as a whole, consistent with the Final Financing Budget and the alterations or modifications caused by the Final Financing Budget.