Phase I Contribution Sample Clauses

Phase I Contribution. Subject to Sections 3.2(b)(iii) and (v), PM&G shall contribute to the Company and cause the Company to incur a minimum of $3,000,000 in Qualifying Expenses during each of the first two Annual Periods, so that by the end of the second Annual Period (the “Phase I Due Date”), PM&G has contributed to the Company and caused the Company to incur an aggregate of $6,000,0000 in Qualifying Expenses (the “Phase I Contribution”). The period from the Effective Date until the Phase I Due Date or such earlier date that PM&G has contributed and caused the Company to incur an aggregate of $6,000,000 in Qualifying Expenses and payments under Sections 3.2(b)(iii) and (vi) is referred to as the “Phase I Earn-In Period.” PM&G shall promptly give notice to Timberline of the completion of its Phase I Contribution.