for Additional Financing Clause Samples
The 'for Additional Financing' clause establishes the terms and conditions under which a party may seek or obtain extra funding beyond the original agreement. Typically, this clause outlines the process for requesting additional capital, the approval requirements, and any limitations or obligations that apply to such financing, such as notification procedures or consent from other parties. Its core practical function is to provide a clear framework for securing further financial resources if needed, thereby reducing uncertainty and potential disputes about how additional funding can be pursued during the course of the agreement.
for Additional Financing. The Company intends to fund its operations and other capital needs for the next 12 months substantially from the proceeds of this Offering and another contemplated offering, but there can be no assurance that such funds will be sufficient for these purposes. The Company may require additional amounts of capital for its future expansion, operating costs and working capital. The Company has made no formal arrangements to obtain future additional financing, and if required, there can be no assurance that such financing will be available, or that such financing will be available on acceptable terms. See "Use of Proceeds." Dependence on Management The Company's success is principally dependent on its current management personnel for the operation of its business. Broad Discretion in Application of Proceeds. The management of the Company has broad discretion to adjust the application and allocation of the net proceeds of this offering, in order to address changed circumstances and opportunities. As a result of the foregoing, the success of the Company will be substantially dependent upon the discretion and judgment of the management of the Company with respect to the application and allocation of the net proceeds hereof. Pending use of such proceeds, the net proceeds of this offering will be invested by the Company in temporary, short-term interest-bearing obligations. See "Use of Proceeds."
for Additional Financing. The Company intends to fund its operations and other capital needs for the next 12 months substantially from the proceeds of this Offering and from the anticipated income from its new and existing products, but there can be no assurance that such funds will be sufficient for these purposes. The Company may require additional amounts of capital for its future expansion, operating costs and working capital. The Company has made no formal arrangements to obtain future additional financing, and if required, there can be no assurance that such financing will be available, or that such financing will be available on acceptable terms. Dependence on Management The Company's success is principally dependent on its current management personnel for the operation of its business. Broad Discretion in Application of Proceeds. The management of the Company has broad discretion to adjust the application and allocation of the net proceeds of this offering, in order to address changed circumstances and opportunities. As a result of the foregoing, the success of the Company will be substantially dependent upon the discretion and judgment of the management of the Company with respect to the application and allocation of the net proceeds hereof. Arbitrary Offering Price. There has been no prior public market for the Company's securities. The price to the public of the Shares offered hereby has been arbitrarily determined by the Company and bears no relationship to the Company's earnings, book value or any other recognized criteria of value. Immediate and Substantial Dilution. An investor in this offering will experience immediate and substantial dilution. Lack of Prior Market for Securities of the Company. No prior market has existed for the securities being offered hereby and no assurance can be given that a market will develop subsequent to this Offering.