Funding Commitment Sample Clauses

Funding Commitment. TAMC shall provide funding assistance to a Party, consistent with the Measure X Investment Plan, of Measure X Funds for the planning, development and construction of FORTAG segments, as such segments are approved by an Underlying Jurisdiction through a Supplemental Agreement pursuant to Section V.A., and funding is available. No Underlying Jurisdiction shall be required to contribute funds towards the planning or construction of a FORTAG segment; provided TAMC shall not be required to pay for staff time or other resources of an Underlying Jurisdiction.

Funding Commitment. Purchaser agrees to contribute to the Company a shareholder loan of €1,000,000, in the aggregate, in immediately available funds (the “Funding Commitment”), within five (5) business days following the Closing Date. Sellers acknowledge and agree that the Funding Commitment provides sufficient working capital to fund the operations of the Business during the entire Earn-Out Period, and if and to the extent that the Funding Commitment is insufficient for such purpose, ▇▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ personally agrees to contribute the amount of any such deficiency.

Funding Commitment. Subject to FMI meeting its obligations under this Agreement, during the first […***…] of the Initial Term, Roche will commit at least […***…] in Roche FTE resources (based on Roche’s standard FTE rates as consistently applied) and out-of-pocket expenditures for the activities under this - 25 - ***Confidential Treatment Requested*** Agreement. FMI may audit Roche in accordance with Article 11 to ensure compliance with this Section. Notwithstanding the above, if there is a reduction in the scope of the Territory pursuant to Section 7.2, then FMI and Roche shall negotiate in good faith an adjustment to the […***…] commitment to equitably reflect the reduction in the market value of the Territory.

Funding Commitment. Pangea shall provide funding to the Mass operating budget in an amount sufficient to pay the Mass accounts payable in a timely manner, including, without limitation, legal and accounting fees incurred by Mass in connection with the transaction described herein. Pangea shall also use its best efforts to provide Mass with at least $5,000,000, in addition to Mass's operating cash flow, for each consecutive twelve month period hereafter to be used for oil and gas exploration and production projects. If Pangea fails to meet its funding goal for exploration and production, the Mass Shareholders shall have the right to purchase from Pangea all of the then issued and outstanding capital stock of Mass on the terms set forth in Paragraph 4(c) of the Employment Agreement of even date herewith between Pangea and R▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇.

Funding Commitment. The TA allocates to Sponsor up to [$AMOUNT] for reimbursement of expenditures related to the Scope of Work (Scope of Work Costs) as provided in this Section 2. Sponsor will contribute, or provide for the contribution of, the entire amount in excess of [$AMOUNT] needed to complete the Scope of Work. The TA’s funding commitment under this Agreement in no way establishes a right for Sponsor to receive additional funding from the TA. All funding obligations of the TA under this Agreement are subject to downward adjustment based on actual sales tax receipts for the fiscal years indicated. Sponsor will assess and confirm its ability to complete the Scope of Work within budget as part of the monthly reporting requirements established in Section 1.4, above. Sponsor must further notify the TA between reporting cycles if Sponsor determines that the budget will not be sufficient to complete the Scope of Work. The TA reserves the right to suspend its funding obligation as set forth in Section 3.4 of this Agreement upon such notice, and until Sponsor develops a credible funding plan acceptable to the TA to fund and complete the Scope of Work.

Funding Commitment. If Purchaser approves a proposed Purchase, it will issue a funding commitment to PWI, a form of which is attached hereto as Exhibit C (a "Funding Commitment"), with respect to such proposed Purchase. A Funding Commitment shall be effective from a credit perspective (as distinguished from a pricing perspective) for a period of 30 days from the date of its issuance, unless otherwise specified therein. If PWI desires a longer commitment period (up to, but not exceeding, 60 days) for a given proposed Purchase, it will request such longer period in the applicable PWI Submittal, and Purchaser will reflect its response by specifying the commitment period in its Funding Commitment. Unless otherwise stated in the Funding Commitment, Purchaser will consummate the proposed Purchase at the Purchase Price determined in accordance with Section 2.4 below. In addition, the Funding Commitment shall specify any other special conditions, terms or documents Purchaser may reasonably require for funding the proposed Purchase. If the Funding Commitment specifies terms and conditions that vary in any material respect from those set forth in the related PWI Submittal, the proposed Purchase described therein shall not be approved by PWI and the Purchaser unless PWI authenticates the Funding Commitment indicating in writing its acceptance of the terms and conditions specified therein. PWI will, within five Business Days of receipt of such a Funding Commitment, advise Purchaser, in writing, whether it accepts the terms and conditions specified therein and, if so, will authenticate the Funding Commitment. If PWI shall not have authenticated such a Funding Commitment within such five Business Day period, the varying terms contained therein shall be deemed rejected by PWI. Upon authentication by PWI of such a Funding Commitment, the purchase shall be deemed to have been approved (an "Approved Purchase"), and the parties shall proceed to consummate the Approved Purchase described therein; provided, however, that if such Approved Purchase is not consummated by reason of the User failing to proceed, neither PWI nor Purchaser shall have any liability to the other for such failure to consummate.

Funding Commitment. 8.1 Each EAGA member will contribute an annual membership fee of $20,000 commencing in 2017/18 up until and including the 2020/21 financial year. This fee will be increased at 2.5% per annum to accommodate EAGA’s forecasted increase in expenses over the MOU period. 8.2 The funding commitment includes the following payment schedule: 8.2.1 (June 2017) $20,000 + GST

Funding Commitment. (a) Subject to clause 5.1(b), the Study Funder agrees to provide interest free loans to Aurizon Network for: (i) if the Rail Study is a Feasibility Study, the Study Funder’s Share of Prefeasibility Costs; and (ii) Drawdown Amounts specified in Drawdown Notices given by Aurizon Network under clauses 5.2(a), 17.1(b)(ii) and 17.6(b)(iii) from time to time. (b) The maximum aggregate amount that the Study Funder is obliged to lend to Aurizon Network under this Agreement at any time is: (i) if the Rail Study is a Feasibility Study, the Study Funder’s Share of Prefeasibility Costs; plus (ii) the Study Funder’s Study Commitment at that time. (c) For the avoidance of doubt, if the Rail Study is a Feasibility Study, the Study Costs for the Rail Study do not include the Study Funder’s Share of Prefeasibility Costs.

Funding Commitment. Subject to the terms and conditions set forth in this Agreement, each Lender hereby confirms its commitment to fund Loans up to an aggregate amount of unpaid Loans owing to such Lender and each Conduit Lender in an amount not to exceed the lesser of (i) its Availability of such Lender on such date and (ii) the Commitment of such Lender as set forth opposite the name of such Lender on Schedule II hereto (as such schedule may be updated from time to time in accordance with the terms of this Agreement). The facility evidenced by this Agreement is a revolving credit facility and accordingly the Borrower may, subject to the terms and conditions of this Agreement, re-borrow any amounts repaid pursuant to the terms of this Agreement.