Total Funding Amount definition
Examples of Total Funding Amount in a sentence
Funding Amount Payment by Council in accordance with clauses 5.3, 5.5 or 5.6 constitutes satisfaction of the Total Funding Amount by the Owner to the extent of that payment.
Payment by MCC in accordance with clauses 5.3, 5.5 or 5.6 constitutes satisfaction of the Total Funding Amount by the Owner to the extent of that payment.
Subject to the conditions set forth in this Article V, MPT agrees to disburse in the manner set forth herein the Total Development Costs relating to the acquisition of the Property and the construction of the Improvements as set forth in the Development Budget, not to exceed the Total Funding Amount (less the sum of and No/100 Dollars ($ .00), which is the total cost that has been funded contemporaneously herewith (the “Initial Funding”)).
In the event BTI determines that it will require additional funding to support its operations and to execute the Separation Plan, BTI and BioXcel will, in good faith, assess increasing the Total Funding Amount, and, at the discretion of the Parties, shall amend the terms of the Grid Note or execute a new note to reflect any new funding.
BioXcel shall not be obligated to fund the operations of BTI beyond the Total Funding Amount.