Funding of Operations. Ca s h a dv an ces will be m a de b y t h e ow n e r i n s u c h a m o un t s an d a t s u c h t i m es a s ar e r eq u i r ed t o a deq ua t el y fun d t h e a c t ivi t ies, m a i n t e nan ce an d b u si n ess of t h e vessels a ssig n ed un de r a ge n c y a g r ee m e n t s. DI S BU RSE M E N TS Sec. 5 Disbursements at principal of- fice of agent. All expe n ses di r ec t l y a pplic a ble t o t h e a c t ivi t ies, m a i n t e nan ce an d b u si- n ess of t h e vessels a ssig n ed un de r a ge n- c y a g r ee m e n t s s ha ll be p a id f r o m fun ds a dv an ced b y t h e ow n e r un less o t h e r - wise specific a ll y p r ovided. Wh e n p a id x x x x xx k , i n voices s ha ll r eflec t t h e nu m be r s of t h e c h ec k s b y w h ic h t h e i n- voices we r e p a id; w h e n p a id o t h e r t han x x x x xx k of x x x x ge n t a t h is p r i n cip a l office, i n voices m u s t be ar evide n ce of p ay m e n t .
Funding of Operations. The funding of the Entity and the implementation of the plan shall be limited to grant revenues, gifts, or monies from any person, entity or association. The Parties shall only be responsible for agreed upon contributions of in-kind services and staff time, unless the Party’s governing board, in its sole discretion, affirmatively elects to do otherwise.
Funding of Operations. The funding of the Entity and the implementation of the plan shall be limited to grant revenues, gifts, or monies from any person, entity, or association. The Parties shall only be responsible for agreed upon contributions of in-kind services and staff time, unless the Party’s governing board, in its sole discretion, affirmatively elects to do otherwise. In this section, establish the procedure for withdrawal and termination, as required by MN Statute § 471.59, subd. 4 and 5. This is also a good place for describing disbursement of assets, monies, and equipment, which is also required. The term (also required) of the agreement can be put here as well.
Funding of Operations. From and after the Effective Time, NextWave shall fund the operations of the Surviving Corporation in the amount of $1.25 million per month until such time as an 18 month budget is approved by the Board of Directors of the Surviving Corporation, and thereafter in accordance with the funding requirements and timeframes set forth in such budget until the 18 month anniversary of the Closing Date. NextWave shall assume the obligations of the Company under the Bank Obligation as of the Effective Time.
Funding of Operations. USF&G agrees, subject to the provisions contained herein, to fund reasonable restoration costs at the Kingsville Dome Mine and Rosixx Xxxe as enumerated in Appendix A attached to and by this reference incorporated in this Agreement. In the event that
Funding of Operations. 26 ---------------------
Funding of Operations. John Pappajohn and Derace Schaffer axxxx xx xxxxxxe PATX xxxx xxx xxxxssary operating capital on a monthly basis prior to the Closing Date. Eric Brauss or his Affiliates agree xx xxxxxxx ACS with all necessary operating capital on a monthly basis prior to the Closing Date to compensate for any negative cash flow in the form of cash advances or short-term loans from Eric Brauss or his Affiliates, a xxxx xx xxedit issued to Eric Brauss or his Affiliates by Xxxxxxxxx Xank in Denton, Texas, for the benefit of ACS up to a maximum amount of $1 million and a letter of credit issued to ACS from Bank of America for $500,000 for the State of Colorado.
Funding of Operations. 27 5.9 Transferability of PATI Common Stock.............................27 ARTICLE 6 INDEMNIFICATION....................................................28 6.1 Survival; Indemnification Obligation.............................28 6.1.1 Survival.........................................................28 6.1.2 Indemnification by ACS and Sellers...............................28 6.1.3 Indemnification by PATI..........................................28
Funding of Operations. USF&G agrees, subject to the provisions contained herein, to fund reasonable restoration costs at the Kingsville Dome Mine and Xxxxxx Mine as enumerated in Appendix A, attached to and by this reference incorporated in this Agreement. In no case will funding by USF&G exceed $1.25 per thousand gallons of restoration water processed through reverse osmosis filtration equipment and in no case will funding by USF&G exceed the USF&G monthly reimbursement amounts found in Appendix A. The remainder of restoration expenses shall be borne by funds provided by URI’s investor group that are specifically designated for restoration as enumerated in Appendix A. In the event URI is able to secure funds outside of USF&G, other than funds provided by URI’s investor group that are specifically designated for general and administrative costs and/or for the resumption of production operations, URI will notify the TDH and TNRCC for a determination if these funds should be used to substitute or supplement funding by USF&G. If the TDH and TNRCC determine that these funds should be used to substitute or supplement funding by USF&G and URI does not do so, TDH and TNRCC may terminate this Agreement and USF&G will not provide further funds to URI thereafter.
Funding of Operations. The operations of New XxXxxx Epyx shall be funded in accordance with the provisions of Section 7.4 of the Investment Agreement.
