Subsequent Funding. On each Subsequent Funding Date after ------------------ the Effective Date, each Lender shall severally make a Loan to the Borrower in an aggregate principal amount equal to its Applicable Percentage of the amount set forth in an approved Invoice Disbursement Request relating to an approved Subsequent Funding Request, which amount shall not exceed either (i) the then unutilized amount of such Lender's Commitment or (ii) when taken together with the previously Subsequent Fundings made by the Lenders with respect to an approved Subsequent Funding Request, 110% of the amount set forth in the AFE relating to such Subsequent Funding Request. A "Subsequent Funding Date" shall ----------------------- mean any Business Day prior to the Commitment Termination Date that is designated as the funding date in an Invoice Disbursement Request, which Invoice Disbursement Request must be delivered to Administrative Agent at least five Business Days prior to the date upon which the Subsequent Funding under such Invoice Disbursement Request is requested to occur. The Lenders shall have no further obligation to fund any Loans after the Commitment Termination Date.
Subsequent Funding. The Participating Member States shall pay the in accordance with Schedule A and Sections 7.4 and 10.3 and the Order Forms (the “Subsequent Funding”).
Subsequent Funding. Unless Completion Guarantor shall agree otherwise in writing, the Minimum Remaining Funding Amount shall be funded by Beneficiary making Production Advances in U.S. Dollars following the Cash Flow Schedule (subject to possible acceleration as herein provided) by electronic funds transfer directly to the Production Account (except for the Guaranty Fee to the extent not previously paid, which will be paid directly to UniFi according to UniFi’s instructions or as otherwise instructed or agreed in writing by UniFi as agent for Completion Guarantor).
Subsequent Funding. Notwithstanding anything to the contrary contained in this Agreement, if Grantee is subsequently awarded direct federal funding to address the same COVID-19 related expenses referred to in Paragraph 3 of this Agreement, Grantee shall refund to County with ten (10) calendar days the lesser of: (a) the Grant Funds paid to Grantee under this Agreement; or (b) the subsequent federal funds awarded direct to Grantee.
Subsequent Funding. All time limits stated in the Agreement documents are of the essence of the Agreement. The term of the Agreement shall be a seven (7) month period. Renewal options are contingent upon future funding availability and Program performance. Execution of option years may be determined by Program performance in the preceding year. If the Contractor does not achieve the stated outcomes, Agreements may not be renewed and those funds may be reprogrammed.
Subsequent Funding. Notwithstanding anything to the contrary contained herein, if Grantee is awarded direct federal funding to address COVID-19-related impacts, Grantee shall refund to County within ten (10) days of Grantee’s receipt of such federal funding the lesser of (a) the funds paid to Grantee under this Agreement and (b) the federal funds awarded to Grantee.
Subsequent Funding. Upon the completion, delivery, and acceptance of item 2, as specified in Schedule A ("Deliverables") of the referenced contract, NHF will disburse dollars to the Recipient.
Subsequent Funding. Borrower, if in compliance with the terms of the ------------------- Loan, shall have the right to receive the remaining balance of the Three Million Dollar ($3,000,000) Loan. Borrower shall submit a Disbursement Request to Lender as provided for in Exhibit "1" with respect to each further borrowing. Principal sums repaid or converted under Article 7 during the loan term may not be reborrowed.
Subsequent Funding. NYMT intends to invest a total of $200 million, including the Initial Investment, in the Separate Account (the “Capital Commitment”) prior to the end of the Initial Term (as defined below). NYMT will use its commercially reasonable efforts to fund the Capital Commitment (each such funding a “Capital Payment”) ratably over a two-year period in amounts of $25 million per quarter (the “Capital Commitment Schedule”), subject to the investment performance, capital raising, compliance and Board approval conditions described herein (the “Capital Payment Conditions”). Subject to the Capital Payment Conditions, each Capital Payment will be made on the first Business Day of each calendar quarter, with the first such payment (after the Initial Investment) expected to occur on April 1, 2011. The cumulative amount of Capital Payments, together with the Initial Investment, that are funded shall be referred to as “Invested Capital.” Notwithstanding the foregoing, for the purposes of calculating the Management Fee, Adjusted Net Income, the weighted average of the Invested Capital, the High Water Xxxx and the Incentive Fee (as each such term is defined herein), the Initial Investment and each Capital Payment thereafter shall be treated as if the first 50% of such Capital Payment was invested on the first Business Day of the calendar month of the quarter in which such Capital Payment is funded and the remaining 50% of such Capital Payment was invested on the first Business Day of the second calendar month of the quarter in which such Capital Payment is funded; provided, that for Capital Payments in amounts larger than $25 million, Midway and NYMT will reach an agreement on the timing of the investment of such funds prior to funding by NYMT of the Capital Payment.
Subsequent Funding. It is estimated that Newco will require an additional U.S. $5,000,000 to commence development of the Products based upon the Athersys Intellectual Property, the Elan Intellectual Property and/or the Newco Technology (the "SUBSEQUENT FUNDING"). Within 36 months of the Closing Date, EIS and Athersys may provide to Newco, each by way of either (i) a capital contribution without the issuance of additional shares or (ii) a loan, as EIS and Athersys may agree, up to an aggregate maximum amount of U.S. $5,000,000, such funding to be provided on a pro rata basis in accordance with their respective ownership interest in Newco, taking into account all classes of share ownership (i.e., initially, 80.1% by Athersys and 19.9% by EIS).
