Total Funding Commitment definition

Total Funding Commitment means Twenty-Five Million Dollars ($25,000,000).
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Total Funding Commitment means, in aggregate:
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Total Funding Commitment means Three Million Dollars ($3,000,000).
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Examples of Total Funding Commitment in a sentence

  • Notwithstanding anything to the contrary in Sections 203-205, each Party shall be 100% responsible for all costs (including design and engineering costs, construction costs and environmental mitigation costs) caused by Elective Design Changes requested by that Party, and such costs shall not count toward that Party’s Total Funding Commitment.

  • Each City shall proceed to purchase right of way for the Project and shall pay the remaining balance of their Total Funding Commitment to the County prior to the award of the construction contract(s) for Phase 1-A and Phase 1-J.

  • Notwithstanding anything to the contrary herein, NovaQuest’s aggregate payment obligations under this Section 3.1 shall not exceed the Total Funding Commitment.

  • Only costs directly and necessarily associated with those obligations will count toward the Total Funding Commitment (a Party’s staff salaries and other overhead costs will not count toward its Commitment).

  • Upon request, each Party shall provide the other Parties with a current calculation of funds expended or obligated to date, and the amount of Total Funding Commitment that remains available for that Party.

  • For each Fiscal Quarter during the Product Funding Period in which Company submits a Development Invoice and a Quarterly Report to NovaQuest, NovaQuest shall, subject to the Total Funding Commitment and the other terms of this Agreement, advance funds to Company as invoiced for up to [***] of the expenses to carry out the Product Development Activities for each such Fiscal Quarter (each such payment a “Development Payment”).

  • The Total Funding Commitment of each Party is a cap on the sum of expenditures that will be incurred by that Party in performing its obligations under Sections 202 through 206, below.

  • In addition, we have the option to satisfy our payment obligations to NovaQuest and Bain upon the earlier of FDA approval or May 1, 2025, by paying an amount equal to the Total Funding Commitment multiplied by an initial factor of 3.00x.

  • Subject to the terms and conditions hereof, and provided that Company is Developing the Productin accordance with this Agreement (including, for the avoidance of doubt, in accordance with the Development Plan and the Development Budget), NovaQuest shall make the payments as set forth in Section 3.1 up to an aggregate maximum amount equal to the Total Funding Commitment in exchange for the right to receive payments from Company as set forth in, and subject to, ARTICLE IV.

  • It consists of a wooden rectangular rig (a), where granular regolith is contained, and an aluminum frame that supports a moving carriage (b).

Related to Total Funding Commitment

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).