Peak Funding Requirement definition

Peak Funding Requirement means the maximum aggregate amount of cash required to implement and build a successful BT LOOKSMART Business in accordance with the plans set out in the Initial Business Plan, as may be amended from time to time;
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Examples of Peak Funding Requirement in a sentence

  • Each Shareholder shall use its best endeavours to ensure that, provided the aggregate funding which in terms of such draft budget is to be contributed by the shareholders of the Company over the aforesaid 3 year period does not exceed the Peak Funding Requirement referred to in clause 8.1, the Directors nominated by such Shareholder shall approve the draft budget and business plan within 30 days after its submission to the Board.

  • The Shareholders acknowledge and agree that the aggregate capital expenditure, working capital and cash flow requirements of the Group (but excluding all funds required to repay the shareholders loans made to the UTV Business and the IBC Business (as such terms are defined in the Merger Agreement) between 30 September 1997 and the Effective Date) for the first 12 months following the Effective Date shall be Baht * unless otherwise agreed by the Shareholders (the "Peak Funding Requirement").