Examples of Upfront Consideration in a sentence
In the event that the total aggregate amount of the NIAID Payments payable by Purchaser under this Section 1.05 is less than the amount of the Upfront Consideration, then, notwithstanding anything in this Agreement to the contrary, the amount of the difference shall be creditable against Purchaser’s payment obligations under Sections 1.03 and 1.04 above.
In total, $225 million of the Upfront Consideration was funded under an acquisition facility agreement (the “Acquisition Facility”) with Teranga’s existing lender, Taurus Funds Management Pty Ltd.
The Additional Upfront Consideration shall not be refundable or creditable against any future payments by Takeda to Denali under this Agreement.
Buyer, together with Guarantor, has sufficient available funds to pay the Upfront Consideration and the Reimbursement Amounts payable pursuant to Section 2.19 and to fund the Development and Commercialization efforts detailed in the Commercialization Framework.
The balance of the Upfront Consideration was funded by Teranga through a public equity offering (the "Offering") and private placement to Tablo Corporation, an entity controlled by David Mimran, a director of the Company (the "Private Placement").