Initial Disbursement. The OOGEDT shall disburse to the Company the initial disbursement of the Award in the amount of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000) (the “Initial Amount”) as soon as practicable following the Effective Date provided that all other requirements prior to receiving any disbursements pursuant to this Agreement have been satisfied.
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Sources: Texas Emerging Technology Fund Award and Security Agreement (Genprex, Inc.)
Initial Disbursement. The OOGEDT shall disburse to the Company the initial Award disbursement of the Award in the amount of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000250,000) (the “"Initial Amount”") as soon as practicable following the Effective Date provided that all other requirements prior to receiving any disbursements pursuant to this Agreement have been satisfied.
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Sources: Texas Emerging Technology Fund Award and Security Agreement (Ideal Power Inc.)
Initial Disbursement. The OOGEDT shall disburse to the Company the initial disbursement of the Award in the amount of Two Million Two Nine Hundred Fifty Thousand Dollars ($2,250,000900,000) (the “Initial Amount”) as soon as practicable following the Effective Date provided that all other requirements prior to receiving any disbursements pursuant to this Agreement have been satisfied.
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