Operating Capital. It is hereby agreed that Seller shall be provided sufficient operating capital to achieve certain milestones as per a pre-approved budget. Budget and milestones must be mutually agreed upon prior to Acquisition.
Operating Capital. The Tribe and the Enterprise shall be responsible for providing the operating capital for the Enterprise and the cash necessary to cover any cash shortfalls of the Enterprise.
Operating Capital. Owner shall provide Manager with such amount of working capital as may be required from time to time for the operation of the Facility on a sound financial basis (including the payment of management fees and reimbursable expenses owed to Manager). If additional working capital is required, Manager shall notify Owner thereof in writing and Owner shall provide Manager with such increase in working capital within fifteen (15) days thereafter. If Owner fails to provide such additional working capital, Manager may, but is not obligated to, provide the same as a loan to Owner in accordance with Section 3.16.
Operating Capital. To any extent necessary after taking into account Manager's loans under Article V, below, the Owner shall provide the Manager with such amount of working capital as may be required from time to time for the operation of the Business on a sound financial basis (including the payment of all amounts owed to Manager including, but not limited to, the payment of all management fees, reimbursable expenses and amounts due under the Line of Credit). If additional working capital is required, the Manager shall notify the Owner thereof in writing and the Owner shall provide the Manager with such increase in working capital within fifteen (15) days thereafter. If the Owner fails to provide such additional working capital, Manager may, but is not obligated to, provide the same as a loan to the Owner.
Operating Capital. The operating capital for the Enterprise shall be provided by MBPI or the Authority from the proceeds of the Bank Loan Documents, and MBPI shall be responsible for covering any operating capital shortfall.
Operating Capital. As of [ ], the Company must have cash on hand equal to at least twelve months of operating expenses as reasonably forecasted by the Company and its Audit Committee;
Operating Capital. All Company Property in the form of cash will be deposited in one or more accounts maintained in such financial institutions as the Managers will determine or will be invested in short term liquid securities including, but not limited to, short term U.S. Treasury obligations and short term certificates of deposit and similar investment vehicles offered by a United States bank or banks which are "adequately capitalized" (as defined by regulations adopted by the Federal Reserve), or will be left in escrow and withdrawals will be made only in the regular course of Company business on such signature or signatures as the Managers may determine from time to time.
Operating Capital. Lessee shall provide the appropriate amount of funds to equip and operate the casino during the term of this Agreement, in addition to the Deposit referenced below. The Lessee shall exercise reasonable skill, care and diligence in the performance of his obligations under this Agreement.
Operating Capital. The prospective Operator must demonstrate that it has the necessary available operating capital to enable it to (i) hire the necessary personnel, (ii) pay Airport rents, operating expenses and fees and (iii) generally cover all other business operating expenses for the initial 12 start up period of the business. Operator must also demonstrate that the proposed business is projected to generate the level of revenue to sustain business operations past the initial 12 months.
Operating Capital through Working-Capital Borrowings -- in Xxxxxx'x ordinary course of business.
