Working Capital Funding Sample Clauses

Working Capital Funding. Merchant shall not enter into any arrangement, agreement or commitment that relates to or involves the Receipts, whether in the form of a purchase of, a loan against, collateral against or the sale or purchase of credits against, Receipts or future check sales with any party other than GCF.

Working Capital Funding. Merchant shall not further encumber the Future Receipts, without first obtaining written consent of Purchaser. Page: 8 Deal Application ID : 120949

Working Capital Funding. (a) Not later than November 30, 2010, Borrower shall provide evidence satisfactory to Agent that it has received funding during the month of November 2010 from Whitecap Advisors, LLC or its Affiliates in an amount not less than $175,000 in the aggregate (the “November Working Capital Payment”), and Borrower shall use such funds for current working capital, including addressing trade payable issues. In the event that the November Working Capital Payment is not made in full, and Agent provided with evidence thereof, by November 30, 2010, Agent may direct the Escrow Agent to disburse an amount equal to the deficiency, up to $175,000, in accordance with Section 4.1(a) of the Escrow Agreement (the “November Deficiency Amount”). Borrower shall cause Whitecap Advisors, LLC or its Affiliates to replenish the Escrow Amount by depositing an amount equal to the November Deficiency Amount into the Escrow Account within ten (10) days of the disbursement of the November Deficiency Amount, and failure to replenish the November Deficiency Amount in full within such time period shall constitute an Event of Default. (b) Not later than December 31, 2010, Borrower shall provide evidence satisfactory to Agent that it has received funding during the month of December 2010 from Whitecap Advisors, LLC or its Affiliates in an amount not less than $175,000 in the aggregate (the “December Working Capital Payment”), and Borrower shall use such funds for current working capital, including addressing trade payable

Working Capital Funding. You shall not enter into any arrangement, agreement or commitment that relates to or involves Splitit Receivables, whether in the form of a purchase of, a loan against, or the sale or purchase of credits against, Splitit Receivables or future Splitit Payment sales with any party other than Splitit until the Purchased Amount Balance has been reduced to zero.

Working Capital Funding. At any time either contemporaneous with or after the execution of this Agreement, SELLER shall not, unless permitted in writing by BUYER, enter into any arrangement, agreement, or a loan that relates to or encumbers Seller’s Receipts or future revenue with any party other than BUYER.

Working Capital Funding. Following the Closing, subject to non-breach by the Company of any terms of this Agreement or any other agreement between Parent and Company or Surviving Corporation (“Related Agreements”), Parent agrees to fund the Surviving Corporation in an amount and at intervals as set forth in Company’s business objectives contained in its “Business Plan” and delivered in connection with the Letter of Intent dated June 8, 2021 (“Business Objectives”) of $500,000 in the aggregate in order for the Company to achieve its Business Objectives, in the form of a line of credit, or a contribution of debt, equity or a combination thereof, to be used as general working capital (“Working Capital Funding”) by Surviving Corporation, which shall not exceed operational expenses. The total amount available for draw under the Working Capital Funding will be reduced by all amounts drawn by the Company and/or Surviving Corporation under that certain secured bridge line of credit in the aggregate amount of up to $100,000.

Working Capital Funding. At and after Closing, ALZM shall provide working capital to HWS in such amounts and in such installments as ALZM and HWS shall agree, on the following basis: (a) Working capital of not less than $250,000 shall be provided by or through ALZM to the Surviving Entity at Closing; (b) An additional $250,000 in working capital (the “Additional Working Capital”) shall be provided by or through ALZM to the Surviving Entity on or before December 7, 2012. (c) Thereafter, ALZM shall be responsible for providing additional working capital for the operations and development of HWS and the other subsidiaries of ALZM, as well as for the working capital needs of ALZM, as determined from time to time by the Board of Directors of ALZM. (d) In the event that ALZM is unable or fails to provide or arrange for the Additional Working Capital as provided in Subparagraph 2(b), then and in that event, ALZM shall then be required to issue to the HWS Stockholders who still hold the ALZM Common Shares, additional shares of Common Stock of ALZM (the “ALZM Penalty Shares”) as follows: (1) On January 31, 2013, ALZM shall issue to the then remaining HWS Stockholders on a proportionate basis a total number of ALZM common shares equal to one percent (1%) of the number of Allezoe Common Shares (reduced proportionately to the extent that less than 100 percent of the Fully Diluted shareholders of HWS participate in the transaction as provided in Paragraph 2.6(a)(1)) outstanding as of Closing unless the Additional Working Capital has been provided; (2) On February 28, 2013, ALZM shall issue to the then remaining HWS Stockholders on a proportionate basis a total number of ALZM common shares equal to one percent (1%) of the number of Allezoe Common Shares (reduced proportionately to the extent that less than 100 percent of the Fully Diluted shareholders of HWS participate in the transaction as provided in Paragraph 2.6(a)(1)) outstanding as of Closing unless the Additional Working Capital has been provided; (3) On March 31, 2013, ALZM shall issue to the then remaining HWS Stockholders on a proportionate basis a total number of ALZM common shares equal to one percent (1%) of the number of Allezoe Common Shares (reduced proportionately to the extent that less than 100 percent of the Fully Diluted shareholders of HWS participate in the transaction as provided in Paragraph 2.6(a)(1))outstanding as of Closing unless the Additional Working Capital has been provided; (4) In the event that a portion of t...

Working Capital Funding. On or before that date which is ninety (90) days after the Closing, the Purchaser shall cause the shareholders of the Purchaser to contribute an additional One Million and 00/100 Dollars ($1,000,000) to the Purchaser to fund working capital and to ensure that the Assumed Liabilities will be satisfied by Purchaser when due on a timely basis.

Working Capital Funding. During the eighteen (18) month period following the Closing, Purchaser shall provide to the Company working capital funding in a minimum amount of Two Million Dollars (U.S. $2,000,000), to fund development of the Company's products, including the implementation of pilot programs.

Working Capital Funding. During the term of this Agreement: (a) The Company agrees that the Buyer shall be entitled to the benefit of the Guaranteed Receivables and use of the proceeds of the Company derived from the collection of the Guaranteed Receivables to help fund the Buyer's working capital needs. (b) Within two business days after the end of each week, the Company shall deliver and remit to the Buyer via check or wire transfer to an account designated in writing by the Buyer, those amounts collected from Guaranteed Receivables that have not been previously delivered and remitted to the Buyer hereunder; provided, however, that the Company may accumulate such proceeds prior to remittance if the amounts collected are less than $50,000. The Company shall also deliver to the Buyer with each weekly remittance of such collected Guaranteed Receivables a written report identifying the sales activity of the Acquired Business for the immediately preceding week and an updated listing of the Guaranteed Receivables, the collection thereof, and the cash position of the Acquired Business as of the end of such week. (c) The Company's agreement to remit the proceeds of Guaranteed Receivables are subject to the continued accuracy of, and continued compliance with the Buyers representations, warranties and covenants herein. In the event of a breach of any of such representations, warranties or covenants, the Company shall have the right to terminate its obligations pursuant to Section 4.10(a) above and shall be entitled to enforce its rights (including foreclosure of collateral, which shall include the ability to collect the Buyer's accounts receivable) pursuant to the Security Agreement (Management Agreement).