Indemnification of Founder. If at any time (i) the Company does not have sufficient capital to provide the Reserved Priority Amount to Founder Parties to finance a Committed Transaction, or (ii) the Company does not allocate the Reserved Deal Capital as required hereunder, the Company shall pay to Founder for any damages incurred by any Founder Party as a result of such capital unavailability, including, without limitation, all costs of any alternative financing (including, without limitation, fees, penalties, points, increased charges, etc.) for any of Founder’s Committed Transactions.
Appears in 4 contracts
Sources: Founder’s Rights Agreement (Millrose Properties, Inc.), Founder’s Rights Agreement (Millrose Properties, Inc.), Founder’s Rights Agreement (Millrose Properties, Inc.)