DEVELOPMENT FUNDS Sample Clauses
DEVELOPMENT FUNDS. Each Partner commits that it will advance Development Funds to the Partnership as requested by the Managing Partner, subject to the Partnership Budget. Within seven (7) days after receipt of a written request from the Managing Partner, each Partner shall advance Development Funds in an amount equal to its Equity Ownership Percentage multiplied by the aggregate amount of such Development Funds requested to be advanced by all of the Partners, subject to the Partnership Budget.
DEVELOPMENT FUNDS. 17.1 An Instrument Development Fund shall be established to provide for instruments and their supporting systems to augment, upgrade or replace those provided as part of Construction.
17.2 A Facilities Development Fund shall be established to provide an improvement program for the Gemini Telescopes and their support systems.
17.3 The total amount of each Development Fund and the required schedule of payments shall be determined by the Board and shall require the unanimous agreement of the Designated Members.
17.4 Each Party shall contribute on an annual basis to the Instrument Development Fund and to the Facilities Development Fund in the same share as its contribution to the Construction cost or such shares as the Board may determine.
17.5 The Managing Organization shall hold and manage the Development Funds.
17.6 The Managing Organization shall produce plans for the use of the Instrument Development Fund and the Facilities Development Fund. These plans shall be subject to approval by the Board.
17.7 Any Work arising out of expenditures from the Instrument and Facility Development Funds shall be subject to an equitable sharing of responsibilities and benefits between the Parties.
17.8 Upon termination of this Agreement, the Parties shall share any excess money contained in the Development Funds and shall share responsibility for any commitments outstanding at the time of termination in the same share as their contribution to the Development Funds.
DEVELOPMENT FUNDS. Borrower shall at all times have identifiable and available sources of funds to complete construction and development of all Development Properties, in amounts sufficient to cover all such construction and development costs.
DEVELOPMENT FUNDS. 62 SECTION 7.13 YEAR 2000 COMPLIANCE................................................................62 SECTION 7.14.
DEVELOPMENT FUNDS. Notwithstanding Section 6.6 of the Master Agreement, within the first eighteen (18) months following the date on which TWCNYC commences the Pre-Launch, Wink shall provide TWCNYC with [*] as launch and development funds ("Development Funds'}. The parties agree that [*] of such Development Funds shall be provided to TWCNYC within thirty (30) days of the execution of this System Addendum and shall be used prior to June 30, 1999 to promote the distribution of interactive Wink Programs in a One-Way Environment. The balance of the Development Funds shall be distributed by Wink when requested by TWCNYC.
DEVELOPMENT FUNDS. The Hospital, the Physician Organizations and/or PHOs affiliated with the Company will provide development funds to the Company. The owners of the Company, will contribute to the Company a maximum of $300,000, as described in the following schedule. At the discretion of the Company, this amount will be treated as equity in the Company or as an operating capital loan to the Company. The following is a schedule of the amounts to be required by the Company on the dates indicated: Period of Time Maximum Amount ----------------- -------------- September 1, 1996 $100,000 December 1, 1996 $ 50,000 March 1, 1997 $ 50,000 June 1, 1997 $ 50,000 September 1, 1997 $ 50,000
DEVELOPMENT FUNDS. Ventana shall pay to AccuMed a total fee of U.S. [***]for all development of the Imaging System and the delivery of the Engineering Prototypes (including but not limited to all related software) under this Agreement payable in installments as follows (the "Development Funds"):
9.1.1 Upon the execution of this Agreement by both parties, Ventana shall pay [***] to AccuMed.
9.1.2 Upon completion of Alpha Testing and Ventana's acceptance of the Engineering Prototypes for the Imaging System and the[***], Ventana shall pay [***] to AccuMed.
9.1.3 Upon completion of Alpha Testing and Ventana's acceptance of the Engineering Prototypes for the[***], Ventana shall pay [***] to AccuMed.
9.1.4 Upon completion of Beta Testing and acceptance by Ventana and Ventana's beta site customers of the Engineering Prototypes for the Imaging System, the[***], Ventana shall pay [***] to AccuMed.
9.1.5 Upon completion of Beta Testing and Ventana's acceptance of the Engineering Prototype for the[***], Ventana shall pay [***] to AccuMed.
DEVELOPMENT FUNDS. The Hospital, the Physician Organizations and/or PHOs affiliated with the Company will provide development funds to the Company. The owners of the Company, will contribute to the Company a maximum of $159,000, as described in the following schedule. At the discretion of the Company, this amount will be treated as equity in the Company or as an operating capital loan to the Company. The following is a schedule of the amounts anticipated to be required by the Company on the dates indicated: Period of Time Maximum Amount --------------------- -------------- February - April 1995 $159,000
DEVELOPMENT FUNDS. ISI Member agrees to provide development funds for its development activities under the Agreement and this Target Market Addendum. ISI Member agrees to contribute a minimum of the amount specified in the Development Plan for development activities to be conducted for the period one year following the Effective Date of the Agreement. The parties shall mutually agree upon the development funds to be provided for subsequent years of the Agreement and this Target Market Addendum. ISI Member shall be responsible for administering its own development funds. Within 30 days of the end of each Quarter during the Term of the Agreement, ISI Member shall generate a report showing the development funds expended for its development activities during such period. For purposes of the foregoing report, "Quarters" shall be deemed to commence on the first day of June, September, December and March of each year.
DEVELOPMENT FUNDS. The City shall assist Developer in securing separate loan agreements whereby Dawon Area Development (DAD) and the City will loan the Developer up to $900,000.00 to be used for the development contemplated by this Agreement, per the terms and conditions of separate loan agreements to be approved by the City, DAD, and Developer. In the event the loan agreements are not approved then this Development Agreement shall be considered null and void.