Cash Funding definition
Examples of Cash Funding in a sentence
At the Closing, the Purchaser shall pay the Cash Funding in immediately available funds by wire transfer to one or more U.S. bank accounts previously designated by the Company pursuant to the Disbursement Letter and shall deliver the Secured Promissory Note to the Company.
If, on any Cash Award Vesting Date, (A) the Actual Realized Cash Balance is greater than (B) the Cash Funding Threshold, then Merger Partner shall make a cash payment to Remainco equal to the difference between the Actual Realized Cash Balance and the Cash Funding Threshold on or before the date that is sixty (60) days after the delivery of the applicable Annual Cash Award Statement to Remainco (any such payment, a “Merger Partner True-Up Payment”).
UCSF shall allocate and apply the Cash Funding (i) to carry out research activities for the Research Project substantially as described in the Scope of Work attached hereto as Exhibit A (the “Research Project SOW”), and (ii) substantially in accordance with the itemized budget for the Research Project attached hereto as Exhibit B.
In compliance with the federal Medicare/Medicaid Anti-Kickback Statute, each party represents that the Cash Funding and In-Kind Contributions to UCSF have not been determined with regard to any implicit or explicit agreement to provide favorable procurement decisions with regard to SVI’s products, and have not been given in exchange for such decisions.
Assuming the satisfaction of the Conditions and that the Debt Financing is funded in accordance with the terms of the Commitment Letter, the Acquirer will have, at the Closing Date, sufficient cash, available lines of credit or other sources of immediately available funds to satisfy the Cash Funding Requirement.
SVI shall pay to UCSF the Cash Funding in [***] according to the following schedule: [***].
Cash Funding, as calculated pursuant to Section 2.3, shall not exceed $415,000,000.
The Cash Funding will be provided on the schedule set forth on Schedule B.
The Parties acknowledge and agree that Flu-CoV Cash Funding for IND-Enabling Studies in the Project Fields as set forth in this Paragraph IV shall not include Cash Funding for any costs or expenses of cGMP-compliant vector production for any Product Candidate, which additional Cash Funding for such additional costs and expenses shall be separately discussed in good faith, agreed upon and set forth by the Parties in a Project Amendment Order.
Flu-CoV Cash Funding for IND-Enabling Studies shall be payable by Licensee to Licensor with respect to each Project Field on a Project-Field-by-Project Field basis upon initiation of cGMP-compliant vector production with respect to the first Product Candidate in such Project Field to be selected for advancement into IND-Enabling Studies.