Funding Of The Fund. Ignite LLC shall contribute all of its cash-on-hand (less any reserve for the costs of winding-up its operations) to the Fund as of the last day of active operations of Ignite LLC. Ignite LLC shall pledge to the Fund (the "Pledge") an amount equal to $500,000 less (a) cash-on-hand contributed to the Fund and (b) expenses incurred to date on Projects deemed to have been paid out of the Fund as set forth in the Agreement (Exhibit A). The Pledge shall be paid out of the next moneys received by Ignite LLC from any and all sources. Attached hereto and incorporated herein by reference is a schedule (Exhibit "C") of all accounts receivable of Ignite LLC. In this regard Ignite will execute all docuxxxxx necessary to give full force and effect to its Pledge.
Funding Of The Fund. In order to provide the necessary finance to respond to its liabilities arising from the Basic Agreement, the Fund shall be financed by means of a policy surcharge or by any other means, to be collected from policyholders, through the Insurers, which shall be fixed in accordance with the directions of the Minister of Finance issued from time to time after his consultation with the Fund and which shall be based on the Fund's needs.
Funding Of The Fund
