Seed Funding definition
Examples of Seed Funding in a sentence
Should the Company receive formal commitments by third party investors related to an offer to acquire more than 50% of the amount being raised during the Seed Funding Round, Company shall communicate such formal commitments to Investor and the Investor’s Permitted Transferees within 5 days (“Seed Funding Round Pre-Emption Rights Communication”).
Upon receiving Seed Funding Round Pre-Emption Rights Communication, Investor and each of the Investor’s Permitted Transferees shall have 30 days (“Pre-Emption Rights Exercise Term”) to exercise the Seed Funding Round Pre-Emption Rights in order to acquire up to the above said 35% reserved quota at the same conditions provided in the Seed Funding Round Pre-Emption Rights Communication (“Pre-Emption Rights Exercise Communication”).
Should Investor and/or the Investor’s Permitted Transferees exercise Seed Funding Round Pre- Emption Rights for less than the 35% reserved quota, leaving a residual non opted quota, Company shall have the right to offer such non opted reserved quota to other investors.
The GUC Trustee shall not make any Distributions to Beneficiaries unless and until the GUC Trust Seed Funding Amount is repaid to the Debtors in accordance with Section 2.8 hereof, provided, however, the GUC Trustee may distribute the GUC Cash Payment to the Beneficiaries prior to the repayment of the GUC Trust Seed Funding Amount.
Table 4: Summary of Business Sector of Seed Funding Recipients in FY22 250 240 200 150 94 100 300 From the total of 240 seed funding recipients this quarter, culinary business owners significantly outnumbered other sectors.
Tiger will be responsible for setting up and operating the IAP under the academic auspices of the University, as well as ensuring that the IAP is sufficiently funded to achieve its objectives (subject to Shorelight’s obligation to provide Seed Funding as set forth in Section 2.6(A) below).
Absent a written agreement to the contrary, neither Party grants any license to any such background intellectual property for any purpose other than for the performance of the Research Project using Seed Funding.
On the Effective Date, the Debtors shall advance the GUC Trust Seed Funding Amount to the GUC Trust as a loan.
University may, in its sole discretion, choose to extend this period during which Company does not pay past or ongoing patent expenses for an additional [****] months after reevaluation by the Parties if Seed Funding has not been achieved.
The GUC Trust shall repay the GUC Trust Seed Funding Amount without interest to the Debtors or their successors or assigns from either the GUC Trust Seed Funding Amount not used to pay costs and expenses of administering the GUC Trust and/or the Net Proceeds, if any, of the liquidation of the Distributable Assets (other than the GUC Cash Payment which shall be utilized exclusively for the payment of Distributions to Beneficiaries).