Prior Funding Sample Clauses

Prior Funding. As of February 6, 2023, Completion Guarantor has credited to the Strike Price prior advances totaling $2,000,000 (the “Prior Funding”), which amount includes Presale Deposits totaling $600,000. Accordingly, the Strike Price remaining to be funded after crediting the Prior Funding thereto is $9,326,297 (the Strike Price minus the Prior Funding being hereinafter referred to as the “Minimum Remaining Funding Amount”).

Prior Funding. A team is ineligible to enter the Competition if it has received more than $100,000 in third party financing or institutional funding (e.g., venture capital, private equity, hedge funds, corporate funds, grants, etc.). Teams must not have accepted any funding in excess of $100,000 at any point prior to the entry and completion of the Competition, including contests, grants, friends and family, bank loans, etc.

Prior Funding. Producer represents that as of January 8, 2017, it has caused funds totaling $2,000,000, which includes Pre- Closing Deposits totaling $600,000 (the “Prior Funding”) to be advanced and deposited into the Production Account net of any fees, costs or expenses associated therewith. Accordingly, for the benefit of Beneficiary, Completion Guarantor has credited the Prior Funding to the Strike Price. The Strike Price remaining to be funded after crediting the Prior Funding thereto is $8,321,079 (the Strike Price minus the Prior Funding being hereinafter referred to as the “Minimum Remaining Funding Amount”).

Prior Funding. Prior to entering into this Agreement, certain parties, including Members contributed up to $1,000 to fund historical document review and preliminary in-Lake field sampling, which money was paid to San Marcos and deposited in the Lake San Marcos and Upper San Marcos Creek Work Group Administration Fund (“Initial Fund”). These contributions are nonrefundable and was not a part of this Agreement.