Sponsor Funding. (a) The Borrower shall be entitled to apply the proceeds of the first Utilisation of the FSRU Tranche of the Commercial Facility to reimburse the Sponsor, the Singapore Shareholder and/or any of their Affiliates up to an amount of the Excess Sponsor Funding and such amount of the first Utilisation of the FSRU Tranche of the Commercial Facility may be transferred into the Distribution Account for such purpose.
(b) If the ratio of Loans (other than LC Loans) outstanding under the Facilities to Sponsor Funding (less any amounts repaid under the Facilities) is equal to or less than 3:1, then the Borrower will not be required to procure additional Sponsor Funding as a condition precedent to a Utilisation.
(c) If, on the later of, (i) the Last Availability Date for the L/C Facility and (ii) the date on which the Available Commitments for all the Facilities are zero, any LC Loan remains outstanding, then the Borrower must ensure that within ten (10) Business Days of such date the ratio of Sponsor Funding to Loans outstanding on that date under the Facilities must be 1:3 by if necessary to achieve such ratios, procuring additional Sponsor Funding to either part-prepay one or more Facilities (where there is no forecast or actual increase in Project Costs) or to finance additional Project Costs (to the extent that there is a forecast or actual increase in Project Costs to achieve Final Acceptance) to ensure the Borrower complies with this clause 5.7(c).
(d) if, during the period commencing one (1) month after the Final Acceptance Date up to and including the Last Availability Date for the FSRU Tranche, the ratio of Sponsor Funding to Loans outstanding is more than 1:3, the Borrower shall be entitled to apply the proceeds of a Utilisation of the FSRU Tranche to reimburse the Sponsor, Singapore Shareholders and/or any of their Affiliates up to an amount that ensures the ratio of the Sponsor Funding to the outstanding Loans is not less than 1:3 and such Utilisation may be transferred into the Distribution Account for such purpose.
Sponsor Funding. (a) SoS undertakes to TfL and CRL to make available the SoS Funding Amount for the purposes in Clause 17.4, subject to and in accordance with the terms of this Agreement (including, without limitation, Clause 17.3(f) below).
(b) From the Effective Date, SoS shall:
(i) on each Funding Date, deposit into the Sponsor Funding Account that part of the SoS Funding Amount specified in the Funding Schedule for that Funding Date; and
(ii) deposit any City of London Corporation Additional Contribution into the Sponsor Funding Account promptly after it is received.
(c) TfL undertakes to SoS and CRL to make available the TfL Funding Amount for the purposes set out in Clause 17.4 below subject to and in accordance with the terms of this Agreement (including, without limitation, Clause 17.3(f) below).
(d) From the Effective Date, TfL shall, on each Funding Date, deposit into the Sponsor Funding Account:
(i) that part of the TfL Base Funding Amount specified in the Funding Schedule for that Funding Date; [text redacted]
(ii) the Cash Management Funding Amount payable by TfL to CRL from time to time pursuant to clause 13.8 of the TfL Shareholder Agreement.
(e) Amounts standing to the credit of the Sponsor Funding Account shall be made available to CRL in accordance with the provisions of clause 14 of the TfL Shareholder Agreement.
(f) [text redacted].
(g) [text redacted].
(h) [text redacted]
(i) The Parties will amend the Funding Schedule as necessary to reflect any adjustment to the payment profile under Clause 17.3(f) or 17.3(h).
(j) CRL shall provide the Sponsors with four-weekly statements showing cash flows in respect of the CRL Bank Account.
(k) [text redacted].
(l) CRL acknowledges and agrees that the SoS Funding Amount and the TfL Funding Amount may be adjusted pursuant to the Sponsor Documents and the Sponsors shall notify CRL of any such adjustment. Other than pursuant to Clause 17.3(f), Clause 17.6 or as a consequence of a Change in accordance with Schedule 4, the Sponsors shall not reduce the Total Sponsor Committed Funding or the aggregate amount payable by the Sponsors on any Funding Date.
(m) If any VAT is payable on amounts paid under the Sponsor Documents out of committed Crossrail Project funding and is recovered by SoS or TfL, then to the extent that this Agreement does not otherwise provide for the application of such recovered VAT, an equivalent amount shall be transferred into the Sponsor Funding Account upon receipt by SoS or TfL of such recovered V...
Sponsor Funding. I acknowledge and agree that SPONSOR funding for the Project is approved only for the Term of this Research Collaboration Agreement to which this Agreement is appended and that SPONSOR may suspend or cancel such funding at any time, including during the Term, at its discretion. If the Project requires continued funding after the end of such Term, an application for such funding in the form specified by SPONSOR will be required. I acknowledge and agree that SPONSOR funds research projects at SPONSOR’s discretion subject to financial constraints and SPONSOR’s mandate and that there is no obligation of any kind on SPONSOR with respect to renewal of its funding for the Project, in whole or in part, at the end of the Term, and that SPONSOR’s funding during the Term is conditional on funds being made available to SPONSOR for such purpose from time to time and on project milestones being achieved when due, all to SPONSOR’s satisfaction.
Sponsor Funding. The Charter School shall receive, for each student, the Sponsor’s average local and county revenue which is chargeable in the State Aid formula, state dedicated revenue, and state appropriated funds per average daily membership generated by its students for the applicable year, less five percent (5%) of the total, which shall be retained by the Sponsor as a fee for administrative services rendered. The State Board of Education shall determine the policy and procedure for Sponsor’s making payments to the Charter School.
Sponsor Funding. Sponsor agrees to fund Talent the amount set forth in the Term Sheet (the “Funding”). The Funding shall be disbursed to Talent in accordance with the terms and conditions of this Agreement and the Term Sheet.
