Grant Use. The Grant must be used for employee recruitment, training, salaries and/or benefits; costs of consultants, contractors, and/or students; travel directly associated with the company and tied to its success; occupying commercial real estate, including rent, buildout expenses, and co-working fees; and equipment, materials, supplies, and/or services acquired for the Business’s operations. Funds may not be used for creating liquidity for founders, retiring outstanding debt, and/or any expenses not associated with the Business.
Appears in 5 contracts
Samples: Catalyst Grant Agreement, Catalyst Grant Agreement, Catalyst Grant Agreement
