Startup Funding Sample Clauses

Startup Funding. The Mon Valley Aquaponics operation will use the startup funding in two phases. The first phase will be used to create an Opportunity Fund that will be used to fund our business startup. The second phase will be the execution of the Opportunity Funds to actually start the asset purchase process. Phase One: 1. Secure a business agent that will raise the needed funds to support a contract with the "Eazy Do It" organization and the other components recommended by "Eazy Do It" in their contract that are additional cost to supply us with the needed tools and connections to build an Opportunity Fund. Those components consist of: o The actual contract with "Eazy Do It." o Registration of our fund domain name o Registration of our fund corporation in Delaware o NES Financial fund administration account setup o Broker Dealer Review. Brokers dealers will usually charge a fee to cany the due diligence costs and risks associated with approving alternative high risk investments like qualified opportunity funds to be sold via broker distribution networks. Eazy Do It will build the fund to meet FINRA 1022 Compliance and Diligence standards. Unless otherwise directed by you, Eazy Do It will seek to have your fund reviewed, and listed on the ENTREX Capital Market and to serve as Master Broker Dealer. o Additional Future Events. Various Family Office events are hosted throughout the year. Eazy Do It is routinely asked to be involved with these types of events. The involvement almost always includes the fund and its representatives pitching to high net worth investors. These events are very exclusive and may involve additional travel expenses and sponsorship costs. Phase Two: 1. Property Acquisition - The plan calls for the purchase of 30 acres in the McKeesport RIDC Industrial Park.
Sample 1
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Startup Funding. For Maternal Life360s, start-up funds will be provided in two payments to be used for the cost of starting the DHS-approved program: The first payment shall be made upon the DMS approval of the application and the signing of this Agreement. The second payment shall be made upon the DMS approval of the readiness review and the signing of the Provider Agreement. The start-up funds shall be based strictly on the approved program budget (Exhibit 2) and be subject to any terms and conditions found in this Agreement as well as the applicable State and Federal laws. Any change or deviation from the approved budget must be submitted for approval to DMS prior to being implemented. Any deviations made to the budget without prior approval from DMS may subject the Life360 to sanctions, including, but not limited to, recoupment of the funds. The start-up funds may be used to cover the cost of staff, equipment, and supports identified in the selected applicant’s startup budget or otherwise approved by DMS. All expenditures of start-up funds are subject to audit. READINESS REVIEW After completion of the Start-up phase, a readiness review will be scheduled and conducted by DMS or its contractor to determine the selected applicant’s readiness to fully implement the Life360 program. During the Start-up Phase, DMS and the Life360 will meet at least monthly to assess progress toward readiness review. For the readiness review, DMS will schedule an onsite visit to each Life360 location once requirements in 3.4.4 are ready. Each Life360 must demonstrate that it is operationally ready to fulfill all Life360 requirements including: The ability to refer potential clients to enrollment broker for eligibility verification and accept eligible clients into the program; The ability to report required data to DMS in the format requested; A SDOH screening tool and the necessary staff training, a platform for capturing results, and a process for linking clients to resources and verifying clients accessed resources; Any other client assessment tools to be used by the program; A person-centered action plan (PCAP) template and plan for updating the PCAP regularly, at a minimum annually; Program staff and needed training; Fully executed community partner agreements; Referral network, agreements, and a process for accepting and transferring protected health information; The Life360 and its partners have a communication, outreach, and referral plan; and Fund controls to correctly submit payment ...
Sample 1
Startup Funding. Our startup costs are as follows:
Sample 1
Startup Funding. Honey Hill Bar & Grill start-up funds are summarized in the following table:  $35,000 SBA loan  $7,800 Investor  $7,500 Owner investment The additional capital is needed to fund salaries, inventory lags and other costs during the first months of the business year. Table: Startup Funding Startup Expenses to Fund $7,300 Startup Assets to Fund $43,000 Total Funding Required $50,300 Assets Non-cash Assets from Startup $33,000 Cash Requirements from Startup $10,000 Additional Cash Raised $0 Cash Balance on Starting Date $10,000 Total Assets $43,000 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $25,000 Accounts Payable (Outstanding Bills) $5,000 Other Current Liabilities (interest-free) $5,000 Total Liabilities $35,000 Capital Planned Investment Owner $7,500 Investor $7,800 Additional Investment Requirement $0 Total Planned Investment $15,300 Loss at Startup (Startup Expenses) ($7,300) Total Capital $8,000 Total Capital and Liabilities $43,000 Total Funding $50,300
Sample 1
Startup Funding. At present ownership has invested financially and more heavily in sweat equity in an effort to start building a non-profit profile and gain exposure for its Mission and Vision. It is time for a physical presence and investors will be asked to support that initiative. Table: Startup Funding Startup Expenses to Fund $227,000 Startup Assets to Fund $23,000 Total Funding Required $250,000 Assets Non-cash Assets from Startup $10,000 Cash Requirements from Startup $13,000 Additional Cash Raised $0 Cash Balance on Starting Date $13,000 Total Assets $23,000 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $0 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0 Total Liabilities $0 Capital Planned Investment Owner $0 Investor $0 Additional Investment Requirement $250,000 Total Planned Investment $250,000 Loss at Startup (Startup Expenses) ($227,000) Total Capital $23,000 Total Capital and Liabilities $23,000 Total Funding $250,000 8.2 Break-even Analysis‌ Table: Break-even Analysis Break-even Analysis Monthly Revenue Break-even $22,699 Assumptions: Average Percent Variable Cost 2% Estimated Monthly Fixed Cost $22,292 Chart: Break-even Analysis Surplus and Deficit Year 1 Year 2 Year 3 Funding $364,476 $437,371 $502,977 Direct Cost $6,540 $6,540 $6,540 Other Costs of Funding $6,540 $6,540 $6,540 Total Direct Cost $13,080 $13,080 $13,080 Gross Surplus $351,396 $424,291 $489,897 Gross Surplus % 96.41% 97.01% 97.40% Expenses Payroll $80,004 $82,404 $84,876 Marketing/Promotion $6,000 $5,000 $4,000 Depreciation $2,720 $2,720 $2,720 Rent $24,000 $24,000 $2,000 Utilities $7,200 $7,415 $7,640 Insurance $3,000 $3,150 $3,300 Payroll Taxes $12,001 $12,361 $12,731 Office Supplies $4,980 $4,500 $4,300 Vehicle Expense $2,220 $2,330 $2,450 Telecommunications $2,400 $2,470 $2,545 Project Inception Meetings $2,752 $2,752 $2,752 Workshops-Income Generation $4,047 $4,047 $4,047 Ebola & HIV/AIDS Workshops $8,360 $8,360 $8,360 School Construction $13,195 $13,195 $13,195 Construction-Water Xxxxx $17,472 $17,472 $17,472 Construction-Toilets $750 $750 $750 Unskilled Youth Training $4,977 $3,977 $3,977 Agriculture Programs $22,284 $22,284 $22,284 Small Ruminant Production $49,140 $49,140 $49,140 Total Operating Expenses $267,502 $268,327 $248,539 Surplus Before Interest and Taxes $83,894 $155,964 $241,358 EBITDA $86,614 $158,684 $244,078 Interest Expense $15,000 $15,000 $15,000 Taxes Incurred $0 $0 $0 Net Surplus $68,894 $140,964 ...
Sample 1

Related to Startup Funding

  • Program Funding Upon entry into force of this Compact, MCC will grant to the Government, under the terms of this Compact, an amount not to exceed Four Hundred Eight Million Eight Hundred Fifty Thousand United States Dollars (US$408,850,000) to support the Program (“Program Funding”). The allocation of Program Funding is generally described in Annex II to this Compact.

  • Initial Funding The obligations of the Lenders to make ---------------- their Loans under the Initial Funding shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 13.02): (a) The Administrative Agent, the Arranger and the Lenders shall have received all fees and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder. (b) The Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of the Borrower setting forth (i) resolutions of its managing member with respect to the authorization of the Borrower to execute and deliver the Loan Documents to which it is a party and to enter into the transactions contemplated in those documents, (ii) the officers or other designated persons of the Borrower (y) who are authorized to sign the Loan Documents to which the Borrower is a party and (z) who will, until replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with this Agreement and the transactions contemplated hereby, (iii) specimen signatures of such authorized officers, and (iv) the certificate of incorporation and bylaws, as amended, of the Borrower, certified as being true and complete. The Administrative Agent and the Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing from the Borrower to the contrary. (c) The Administrative Agent shall have received certificates of the appropriate State agencies with respect to the existence, qualification and good standing of the Borrower. (d) The Administrative Agent shall have received a compliance certificate which shall be substantially in the form of Exhibit D, duly and --------- properly executed by a Responsible Officer and dated as of the date of Effective Date. (e) The Administrative Agent shall have received from each party hereto counterparts (in such number as may be requested by the Administrative Agent) of this Agreement signed on behalf of such party. (f) The Administrative Agent shall have received duly executed Notes payable to the order of each Lender in a principal amount equal to its Commitment dated as of the date hereof. (g) The Borrower shall have delivered to the Administrative Agent the Initial Funding Disbursement Request in the amount of $3,700,000. (h) The Administrative Agent shall have received from the Borrower duly executed counterparts of the ORRI Conveyance for each Lenders with respect to the Borrower's Oil and Gas Properties as of the date of such funding. (i) The Administrative Agent shall have received from U.S. Energy Corp. duly executed counterparts of the Warrant Agreement for each Lender. (j) The Administrative Agent shall have received from each party thereto duly executed counterparts (in such number as may be requested by the Administrative Agent) of the Security Instruments, including the Security Agreement, the Pledge Agreement and the other Security Instruments described on Exhibit F-1. In connection with the execution and delivery of the Security ------------ Instruments, the Administrative Agent shall: (i) be reasonably satisfied that the Security Instruments create first priority, perfected Liens on the Collateral, such Liens being subject only to Excepted Liens identified in clauses (a) to (d) and (e) of the definition thereof, but subject to the provisos at the end of such definition; and (ii) have received certificates, together with undated, blank stock powers for each such certificate, representing all of the issued and outstanding Equity Interests of the Borrower. (k) The Administrative Agent shall have received an opinion of Xxxxxx & Xxxxxx, special counsel to the Borrower, substantially in the form of Exhibit E hereto. ---------- (l) The Administrative Agent shall have received a certificate of insurance coverage of the Borrower evidencing that the Borrower and the Operator are carrying insurance in accordance with Section 8.13. (m) The Administrative Agent shall have received title information as the Administrative Agent may require satisfactory to the Administrative Agent setting forth the status of title to the Oil and Gas Properties evaluated in the Initial Reserve Report as of the Effective Date. (n) The Administrative Agent shall be satisfied with the environmental condition of the Oil and Gas Properties of the Borrower and have received such reports as in form and scope satisfactory to the Administrative Agent and the Lenders as they may request related thereto, including a Phase 1 Environmental Report with respect to all xxxxx a part of the Oil and Gas Properties of the Borrower. (o) The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower certifying that the Borrower and the Operator have received all consents and approvals required by Section 8.03. (p) The Administrative Agent shall have received (i) the financial statements referred to in Section 8.04(a), (ii) the Initial Reserve Report accompanied by a certificate covering the matters described in Section 9.12(b) and (iii) copies of all material contracts or agreements, including, but not limited to, all operating agreements covering the Oil and Gas Properties, as well as all marketing, transportation, and processing agreements related to such Oil and Gas Properties. (q) The Administrative Agent shall have received appropriate UCC search certificates reflecting no prior Liens encumbering the Properties the Borrower for each of the following jurisdictions: State of Wyoming, Albany, Converse, Platte, Campbell, and Xxxxxxx Counties, and any other jurisdiction requested by the Administrative Agent. (r) The Administrative Agent shall have received evidence that the Borrower has purchased one or more commodity price floors, collars or swaps acceptable to Administrative Agent and the Arranger (i) with one or more Approved Counterparties, and (ii) that have aggregate notional volumes of not less than 75% of the reasonably estimated projected natural gas production of currently producing xxxxx of Borrower for the first 24 months following the date hereof, in each case, from its Proved Developed Producing Reserves, as determined by reference to the Initial Reserve Reports. (s) The Administrative Agent shall be satisfied that there are no negative price deviations in the oil and gas prices that would have a Material Adverse Effect on the value of the Borrower's Oil and Gas Properties. (t) The Administrative Agent shall be satisfied that there has been no Material Adverse Effect to the Borrower since December 1, 2003. (u) The Administrative Agent shall have received Letters-in-Lieu executed in blank by the Borrower, in such quantity as the Administrative Agent may reasonably request. (v) The Administrative Agent shall have received Direction Letters executed in blank by the Borrower, in such quantity as the Administrative Agent may reasonably request. (w) Since December 1, 2003, there shall not have been any disruption or adverse change in the financial or capital markets. (x) The Borrower and the Lenders shall have agreed upon the Development Plan. (y) The Administrative Agent shall have received such other documents as the Administrative Agent or special counsel to the Administrative Agent may reasonably request. The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make Loans hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 13.02) at or prior to 2:00 p.m., New York, New York time, on February 15, 2004 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time).

  • Per-pupil Funding The School's non-facility general fund per-pupil funding shall be as defined in Sec. 302D-28, HRS. The Commission shall distribute the School's per-pupil allocation each fiscal year pursuant to Sec. 302D-28(f), HRS, and shall provide the School with the calculations used to determine the per-pupil amount each year. All funds distributed to the School from the Commission shall be used solely for the School's educational purposes as appropriated by the Legislature, and the School shall have discretion to determine how such funding shall be allocated at the school level to serve those purposes subject to applicable laws and this Contract.

  • Fiscal Funding Notwithstanding any other provision of this agreement, the parties hereto agree that the charges hereunder are payable to the Contractor by the District solely from appropriations received by District. In the event such appropriations are determined by the Chief Financial Officer/Comptroller of the District to no longer exist or to be insufficient with respect to the charges payable hereunder, this Agreement shall immediately terminate without further obligation to the District upon notice that such appropriations no longer exist and are insufficient.

  • Loan Funding The sum of all financing described below (excluding any loan funding fee or mortgage insurance premium) is $ .

  • Supplemental Funding Unless otherwise defined by program rules, Supplemental Funding is the award of additional funds to provide for an increase in costs due to unforeseen circumstances. The State will comply with all Federal program agency policies and procedures for requesting supplemental grant funding. The State will comply with the following guidelines when requesting supplemental funding for the Medical Assistance Program and associated administrative payments (CFDA 93.778): The State must submit a revised Medicaid Program Budget Report (CMS-37) to request supplemental funding. The CMS guidelines and instructions for completing the CMS-37 are provided in Section 2600F of the State Medicaid Manual (SMM). The CMS/CO must receive the revised Form CMS-37 through the Medicaid Budget Expenditure System/Children's Budget Expenditure System (MBES/CBES) no later than 10 calendar days before the end of the quarter for which the supplemental grant award is being requested. Additional guidance on this policy is available from the respective CMS Regional Office, U.S. Department of Health & Human Services. The State will comply with the following guidelines when requesting supplemental funding for TANF (CFDA 93.558), CCDF (CFDA 93.575), CSE (93.563), and the FC/AA (CFDA 93.658 and CFDA 93.659) programs administered by the U.S. Department of Human Services, Administration for Children and Families (HHS/ACF): a. Timing of the Request A State should initiate its request for supplemental funding during a quarter as soon as it becomes aware of the fact that a shortfall does/will exist. For the TANF and CCDF grants, supplemental funding requests (estimates) may be submitted by a State, for consideration by ACF, up through and including the 15th day of the third month of the first, second or third quarter of any fiscal year. Since TANF and CCDF are block grant programs, all unawarded portions of the annual allotment will automatically be issued at the beginning of the fourth quarter. Therefore, supplemental funding requests will not be available during the fourth quarter for these programs. For the CSE and FC/AA programs, supplemental funding requests may be submitted by a state, for consideration by ACF, up through and including the 15th day of the third month of any quarter of a fiscal year.

  • State Funding It is understood that all obligations of RRC hereunder are subject to the availability of state funds, federal grant(s) and/or other federal funds. If such funds are not appropriated or become unavailable, this Contract may be terminated. In such event, the Parties shall be discharged from further obligations, subject to the equitable settlement of their respective interests accrued up to the date of termination.

  • Additional Funding If the General Partner determines that it is in the best interests of the Partnership to provide for additional Partnership funds (“Additional Funds”) for any Partnership purpose, the General Partner may (i) cause the Partnership to obtain such funds from outside borrowings, or (ii) elect to have the General Partner or any of its Affiliates provide such Additional Funds to the Partnership through loans or otherwise.

  • Research Funding (a) During each Collaboration Term and in connection with any wind-down activities contemplated by Section 13.4. Gilead shall reimburse Hookipa for all Out-of-Pocket Costs actually incurred (with no markup) by Hookipa in connection with the applicable Program, to the extent specifically contemplated in the applicable Research Plan and in accordance with the applicable Research Budget. Gilead shall reimburse the undisputed amount of such Out-of-Pocket Costs incurred in a [***] within [***] days after receipt from Hookipa of an invoice therefor issued within [***] days after the end of such [***]. (b) During each Collaboration Term for a Program, Gilead shall reimburse Hookipa at the FTE Rate for the costs of any FTEs (not to exceed the number of FTEs specified in the applicable Research Plan for such Program for any period without first obtaining, in each case, Gilead’s prior written consent) actually performing activities allocated to Hookipa under such Research Plan. Hookipa shall provide to Gilead, within [***] days after the end of each [***] during each Collaboration Term, a report indicating the number of FTEs actually provided by Hookipa with respect to each Program during such [***], Hookipa shall use standard industry systems and processes to record the number of hours and FTEs actually applied to each Program, which systems and processes shall be consistently and equitably applied to all Hookipa research programs with Third Parties. Gilead shall reimburse Hookipa the undisputed amount for such FTE costs incurred in a [***] within [***] days after receipt from Hookipa of an invoice therefor issued within [***] days after the end of each [***]. (c) For clarity, Gilead shall not be obligated to reimburse Hookipa for any costs or expenses incurred by Hookipa in the course of its activities under the Programs, other than: (i) those costs and expenses expressly identified in this Section 9.6 or elsewhere in this Agreement; (ii) reimbursement for the supply of Licensed Products to Gilead in accordance with the terms of any supply agreement entered into by the Parties pursuant to Section 7.2; or (iii) any other costs and expenses approved by Gilead in writing in advance.

  • PROJECT FUNDING 8.1 The Project Funding for completion of this PFA is as follows:[X]

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