Launch Funds definition
Examples of Launch Funds in a sentence
In the event Buyer desires to use any Second Turkey Launch Funds for any purpose that is not an Acceptable Use, Buyer shall first be required to obtain the prior written approval of either the Company's CEO or CFO, which approval shall not be unreasonably withheld, conditioned or delayed.
Any costs and expenses incurred by either Party in connection with a change in the Card Association brand shall be paid first from any Launch Funds, with the balance of any such costs and expenses included as a Program Expense.
Buyer shall have the right to use the Second Turkey Launch Funds at any time, at the sole discretion of Buyer or Buyer's designee, so long as such Second Turkey Launch Funds are used for an Acceptable Use.
Agent shall not be held responsible for damages to the property caused by Tenants or contractors selected by the Owner or Agent or caused by any third party, except in the case of negligence by Agent.
Any Second Turkey Launch Funds not expended by Buyer from the Turkey Account (or not otherwise reserved for payment of Additional Sentaca Funds or of any Acceptable Use) after sixty (60) days from the Second Closing Date shall be promptly thereafter disbursed by Buyer from the Turkey Account, fifty percent (50%) towards payment to Sentaca for the general global software platform being developed by Sentaca for the Company, and fifty percent (50%) to the Company Operating Account.
Seven and one-half percent (7.5%) of the Net Proceeds from the Second Closing ("Second Turkey Launch Funds") shall be withheld by Buyer and maintained by Buyer in the Turkey Account.