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. 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. (a) For so long as the Technical Committee has approved a Budget and Work Program under Section 3.1(e), the Operator shall, in respect of each three month period of an Approved Work Program, issue a notice to Non-Operator (“Funding Notice”) in respect of the projected Exploration Expenditures for that three month period. The Funding Notice shall also include the Operator’s Fee that is payable in respect of the projected Exploration Expenditures set out in the Funding Notice. The projected Exploration Expenditures shall, to the extent reasonably possible, be calculated by reference to the Approved Budget and the corresponding Approved Work Program.
Funding of Operations. 18 5.3 Processing of Ores . . . . . . . . . . . . . . . . . . . . . . 19 ARTICLE 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Funding of Operations. 26 ---------------------
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. DHS shall pay all ongoing operational expenses of Medtrust undertaken in the ordinary course of business during the term hereof; provided however, that Medtrust may not materially increase such expenses without the prior written approval of DHS. Any material expenditures will be reviewed and discussed with DHS in advance.
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. HomeFed acknowledges that upon consummation of the transaction contemplated by this Agreement, LUK shall have no obligation to fund any operations of any of the Companies.
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.
