The Funding. On the Effective Date, the Settlors shall cause to be transferred to or at the direction of the Cimarron Trustee cash in the amount of $8,638,384.00 (the “Funding”).
The Funding. The total amount of Funding is $xxxxx (excluding GST) over the Term, to be paid as set out below.
The Funding. Within two (2) business days of the Effective Date, the Reorganized Debtors shall cause to be transferred to or at the direction of the Environmental Trustee cash in the amount of $23,142,065.00 (the “Funding”).
The Funding. 3.1 It is a condition of the Award, and consequently any payment of Funding, that each Consortium Partner shall have signed this Funding Agreement. The University shall be under no obligation to the Partner or to the Consortium unless and until this Funding Agreement has been signed in accordance with the requirements stipulated by the University.
3.2 Experiment Partners should ideally use EuroHPC systems for the work. A decision not to apply for access to the EuroHPC systems should be duly justified. If approved, it is possible for access to HPC resources to be otherwise provided by the EuroHPC up to the amount specified in the estimated budget for the Experiment in the Proposal.
3.3 The budget for the Experiment has been included within the Proposal, along with the allocation amongst the Consortium Partners (main and supporting participants). The maximum amount of the Funding may not exceed EUR 150 000 for each Partner (in case of supporting participants, over all experiments in which they participate) and EUR 200 000 for the whole Consortium.
3.4 The payment of the Funding shall be deemed a grant and accordingly no VAT or other purchase/sales or other tax shall be payable. The Funding is a maximum commitment and in no circumstances shall any further amount be payable, other than as expressly approved in advance, in writing, by the University. In case that it subsequently turns out that the Funding was subject to taxation, the Partners bear the tax liability.
3.5 The Partners shall be accountable to the University in relation to the Funding. The University shall be entitled to seek a breakdown of expenditure incurred and for which payment has been made by the Partners, to ascertain/ensure, (as the University shall determine in its sole discretion, although acting reasonably and in good faith), that the Partners has expended all Funding in accordance with the Proposal and the requirements of, or as are referred to in, this Funding Agreement.
3.6 The Funding will be paid by the University to the Partners, (which will provide the University with appropriate banking details to enable electronic transfer), in three instalments. The first tranche – or the pre-financing – of 50% shall be paid within thirty (30) days of the Partners signature of this Funding Agreement, provided that, as aforesaid, all Consortium Partners shall have signed this Funding Agreement. The second payment will be done in the 7th Month after Experiment commencement, upon previous submiss...
The Funding. As soon as practicable following its final determination of the total number of Placement Shares available for sale to the Subscribers made in anticipation of the closing of the transactions contemplated hereby, the Company shall notify the Subscriber of the number of Placement Shares, to be purchased by the Subscriber pursuant to Section 1(a) and the amount of the Commitment Fee to be paid pursuant to Section 1(e). Contemporaneously with the execution and delivery of this Agreement, the Subscriber has executed and delivered to the Company the Escrow Agreement in the form attached as Annex A to this Agreement. The Subscriber agrees to deliver payment for the Placement Shares, net of the Commitment Fee, to the Company's escrow agent for deposit in an escrow account within three (3) business days following receipt of notice from the Company that all of the material conditions to the closing of the Acquisition have been satisfied or, if permitted, duly waived. The name of the escrow agent and instructions for payment of the aggregate Subscription Price shall be included in the Company's notice. The delivery of, and the release from escrow of the payment for, the Placement Shares shall take place at the executive offices of the Company at One Pacific Plaza, 7777 Center Avenue, Huntington Beach, California, at 9:00 a.m., California time, prior to, but substantially simultaneously with, the closing of the Acquisition, such time and date to be not more than five (5) business days after the foregoing notification and to be specified therein (such time and date being referred to as the "Funding Time," the date of the Funding being referred to as the "Funding Date" and the consummation of the Private Placement being referred to as the "Funding").
The Funding. On the Effective Date, the Settlors shall cause to be transferred to or at the direction of the Nevada Trustee cash in the amount of $81,020,018 which constitutes the “Funding.”
The Funding. On the Effective Date, the Settlors shall cause to be transferred to or at the direction of the West Chicago Trustee/Licensee cash in the amount of $10,356,780.00 (the “Funding”).
The Funding. If the Company wishes to borrow under the Note Agreement up to the Maximum Loan Amount, the Company will give the Investor a written request for such loan, including in such request the amount of funds it wishes to borrow and a reasonably detailed description of the Company's proposed use of such funds. The Investor shall notify the Company in writing within 10 business days of such request whether or not the Investor, in its absolute discretion, approves such use of funds. If the Investor does not approve such use of funds, then the Investor shall have no obligation to make such loan and the rights and obligations of the parties under this Agreement shall be unaffected by such request of the Company. If the Investor does approve such use of funds, then the consummation of such loan (the "Funding") shall take place on the twentieth business day following such notice from the Investor, subject to all of the conditions to the Funding having been complied with or waived by the Investor. On the terms and subject to the conditions contained herein and in the Note Agreement, at the Funding, the Company shall issue and deliver to the Investor a Promissory Note with a face amount equal to the amount of the loan being made (the "Loan Amount"), duly executed by the Company, dated the date of the Funding and registered in the name of the Investor, against delivery by the Investor of the Loan Amount in immediately available funds by wire transfer to a bank account designated by the Company to the Investor in writing not less than two Business Days prior to the Funding Date.
The Funding. The total amount of Funding is $xxxxx (excluding GST) over the Term, to be paid as set out below. Payment 1 90% ($xxxx) on signing of this agreement and provision of a tax invoice for this amount Payment 2 10% ($xxxx) on provision of a Completion Report at the end of the project and provision of a tax invoice for this amount.
The Funding. 1.1 The Board shall pay the Funding to the GLA.
1.2 The provision of the Funding amounts to a conditional gift and not the procurement of services on the part of the Board.
1.3 The GLA shall carry out the Activities.
1.4 This Agreement sets out the terms and conditions upon which the Board makes the funding available to the GLA.
1.5 In this Agreement, unless otherwise specified, capitalised terms shall have the meaning prescribed to them in Clause 17.
