Target Funding Amount definition

Target Funding Amount means, for each Market Segment, the amount --------------------- that the parties must raise, either from Third Parties or expended by GE (totaling up to the Maximum GE Required Expenditure), in order to fund the Technology Development Phase expenses with respect to such Market Segment, as estimated in the Yearly Development Budgets for each Market Segment.

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Target Funding Amount means Gross Proceeds (as defined below), which when added to the Gross Proceeds of any other financing of funding transactions consummated by the Company after the Issue Date, equals or exceeds $500,000; provided, however, that if such Gross Proceeds, when added to such other Gross Proceeds, is less than the then outstanding principal and accrued interest on this Note, the Maturity Date shall only apply to the aggregate of (x) such Gross Proceeds multiplied by the Lender’s Allocable Share of the Holder, less (y) amounts, if any, previously applied in payment of this Note, and the balance of the Note, after application of the payment actually made to the Holder, shall remain due and payable in accordance with the terms hereof. The term “Gross Proceeds” means the gross proceeds of a financing or funding transaction which are payable, directly or indirectly, to the Company (x) before deduction of any fees or expenses incurred by the Company in connection therewith, or (y) if any such fees or expenses are paid by a third party, including the investor or lender, after adding the amount of such fees or expenses to the gross proceeds otherwise payable to the Company.

Target Funding Amount means Gross Proceeds (as defined below), which when added to the Gross Proceeds of any other financing of funding transactions consummated by the Company after the Issue Date, equals or exceeds $200,000; provided, however, that if such Gross Proceeds, when added to such other Gross Proceeds, is less than the then outstanding principal and accrued interest on this Note, the Maturity Date shall only apply to the aggregate of such Gross Proceeds less amounts, if any, previously applied in payment of this Note, and the balance of the Note, after application of the payment actually made to the Holder, shall remain due and payable in accordance with the terms hereof. The term “Gross Proceeds” means the gross proceeds of a financing or funding transaction which are payable, directly or indirectly, to the Company (x) before deduction of any fees or expenses incurred by the Company in connection therewith, or (y) if any such fees or expenses are paid by a third party, including the investor or lender, after adding the amount of such fees or expenses to the gross proceeds otherwise payable to the Company.

Examples of Target Funding Amount in a sentence

GE and CCSI shall use best efforts to ------------------------------- obtain, with respect to each Market Segment, funding from Third Parties equal to or greater than the Target Funding Amount established in the Yearly Development Budgets.
In the event the aggregate amount raised -------------------------------- by the parties from Third Parties and expended by GE pursuant to Sections 4.1 and 4.2 above with respect to any Market Segment is less than the Target Funding Amount for such Market Segment, then the Parties shall consider, in good faith, alternative funding arrangements which would provide an equitable sharing of risks and benefits in view of any Development Cost overruns, and shall in good faith pursue such alternative funding.
For illustrative purposes only, the first Annual Funding True-Up Amount, if any, shall be an amount equal to (i) the first Target Funding Amount indicated in the table in Section 5.1(b) minus (ii) the sum of all amounts paid by Company to ▇▇▇▇▇▇▇ during the first year of the Alliance Term (in other words: during a period from the Effective Date to the first year anniversary of the Effective Date) under the Post Hoc Underlying Agreements.
In the event the aggregate amount raised by the parties from Third Parties and expended by GE pursuant to Sections 4.1 and 4.2 above with respect to any Market Segment is less than the Target Funding Amount for such Market Segment, then the Parties shall consider, in good faith, alternative funding arrangements which would provide an equitable sharing of risks and benefits in view of any Development Cost overruns, and shall in good faith pursue such alternative funding.
The Parties agree and acknowledge that such adjustment may not be applicable after a given year of the Alliance Term (or even not at all), if the amounts paid by Company to ▇▇▇▇▇▇▇ under the Post Hoc Underlying Agreements do not exceed the (then applicable, possibly adjusted) amount of the Target Funding Amount for such year.
The initial Loan Request hereunder (x) shall be in an amount of Class A Loans equaling or exceeding the Class A Target Funding Amount and (y) notwithstanding any provision to the contrary in this Section 2.02(a) may be delivered no less than one (1) Business Day prior to the Closing Date.
The total capital contribution committed by the Subsidiary to the Fund has therefore been increased from US$20,000,000 (approximately HK$156,000,000 and representing approximately 10% of the Target Funding Amount) to US$79,000,000 (approximately HK$616,200,000 and representing approximately 40% of the Target Funding Amount).
If the amounts paid by Company to ▇▇▇▇▇▇▇ under the Post Hoc Underlying Agreements in a given year are equal to or less than the (then applicable, possibly adjusted) amount of the Target Funding Amount for such year, the relevant Target Funding Amount shall continue to apply for the current and each of the following years of the Alliance Term.
For clarity, an adjustment of the first Target Funding Amount indicated in the table in Section 5.1(b) will not occur, because the earliest possible adjustment of a Target Funding Amount could apply only for the second Target Funding Amount indicated in the table in Section 5.1(b).
GE and CCSI shall use best efforts to obtain, with respect to each Market Segment, funding from Third Parties equal to or greater than the Target Funding Amount established in the Yearly Development Budgets.

More Definitions of Target Funding Amount

Target Funding Amount means as of a given date, the sum of (i) the present value of amounts that will be required to be paid to Executives under the Plans during the period beginning on such date and ending on the last day of the third fiscal year of the Company that begins after such date, (ii) the present value of liability to Executives that will be accrued but unpaid under the Plans as of the last day of that period and (iii) the anticipated fees of the Trustee that will be payable prior to the next Funding Date.

Target Funding Amount has the meaning set forth in Section 5.1(b).

Target Funding Amount means Eighteen Million Nine Hundred Twenty Nine Thousand Seven Hundred and Forty Three Dollars ($18,929,743).