Capital Support definition
Examples of Capital Support in a sentence
In the event the Board approves of the launch of a new business line under the Company’s brand, the cost and expenses of any such launch shall not exceed $1,000,000 per new product line unless otherwise approved by the Board, and may be financed from funds provided as part of the Additional Capital Support.
Borrower covenants and agrees with Bank that Bank's Working Capital Support Department or its representative will monitor the operations of the Borrower and perform annual field audit examinations of the accounts receivable, inventory, and equipment of Borrower, all at Borrower's expense.
Activities funded under Capital Support will help eligible child care services by contributing towards the cost of modifying, renovating, extending or building child care facilities (‘capital works’).
In connection with any Sale of the Company, all indebtedness owed to Neptune and/or MSEC and/or their respective Affiliates, including as related to the Additional Capital Support, shall be paid in full at the closing of such transaction and prior to any distributions to the Stockholders.
The Sole Member shall have no liability for the debts, obligations or liabilities of the Company except to the extent provided by the Act, the Capital Support Agreement or the guarantee made by the Sole Member in favor of ▇▇▇▇▇▇ Canada as of the date hereof.
FGIC hereby fully, finally, unconditionally and irrevocably relinquishes, waives and disclaims any and all rights, including rights as a third party beneficiary, it may have under or arising out of either of the Capital Support Agreement or the Guarantee and any and all rights to enforce either of them or any provision thereof.
All Cultural & Artistic Facilities Capital Support Funds will be used for expenses associated with the costs of the construction components of the Art & Culture Center Education Expansion Arts Ignite! Building Initiative from October 1, 2022 through September 30, 2025.
In consideration for receiving the management and consulting services contemplated by Section1, receiving the software support contemplated by Section 8(c), and receiving Capital Support from IST as contemplated by Section 2, iASPEC agrees that IST will be entitled to receive ninety five percent (95%) of the Net Received Profit of iASPEC during the Term of this Agreement.
A Capital Support payment that was not paid timely and is later found to have been owed shall be subject to the same costs and interest as if such fees were delinquent from the date they were originally due.
Pursuant to the terms of the Capital Support Agreement, the Company shall issue Shares to the Sole Member in an amount required by such agreement on the Issuance Date (as defined therein).