Minimum Funding Clause Samples
The Minimum Funding clause establishes a baseline amount of financial support or capital that must be provided or maintained under an agreement. Typically, this clause requires one party—such as an investor, lender, or sponsor—to ensure that a specified minimum sum is available for a project, business, or contractual obligation, regardless of other circumstances. For example, in a joint venture, the clause might obligate each partner to contribute at least a certain amount of funding to ensure the venture's viability. Its core practical function is to guarantee sufficient resources are available to meet essential obligations, thereby reducing the risk of underfunding and ensuring the continuity and stability of the underlying project or agreement.
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Minimum Funding. The aggregate minimum investment amount equal to $10,000,000 (the “Minimum Funding”), which amount excludes the amount to be invested by Pontifax pursuant to this Agreement, shall have been, or shall be, fully paid to the Company prior to or contemporaneously with the Closing or deposited into Escrow pursuant to Section 7.1(c).
Minimum Funding. The Investors shall collectively deliver to the --------------- Company the aggregate Purchase Price.
Minimum Funding. For calendar years 2022, 2023, and 2024, provided that the Plan has not been terminated, Dignity Health shall, subject to the provisions of § 7.1.4, make cash contributions to the Plan Trust not less than in the amount of the Minimum Contribution Recommendation calculated by the Plan’s Actuaries in that calendar year’s Pension Contribution Report.
Minimum Funding. In no event shall the rate of interest chargeable hereunder for any day be less than the amount of interest that would be charged on Obligations of $3,500,000 outstanding on such day. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum, the interest chargeable hereunder for such day automatically shall be deemed increased to the foregoing minimum. To the extent that interest accrued hereunder at the rate set forth herein would yield less than the foregoing minimum amount, the interest rate chargeable hereunder for the period in question automatically shall be deemed increased to that rate that would result in the minimum amount of interest being accrued and payable hereunder.
Minimum Funding. The minimum gift amount required to fully endow the Fund, not including any investment returns earned thereon, shall be Five Million Dollars ($5,000,000). If, five years after the Donors’ first Pledge payment is received, total gifts received into the Fund are less than Five Million Dollars ($5,000,000), the Fund may be transferred to and merged with an existing endowment or other fund at the University whose purpose will most nearly accomplish the purpose described in paragraph 4 above.
Minimum Funding. The Company shall have fulfilled all obligations existing at any time during the Pre-Closing Period under the minimum funding standards of Section 412 of the Code determined without regard to any waiver granted on or after the date of this Agreement, and the Company shall have delivered to TPG and the Buyer an officer's certificate to such effect.
Minimum Funding. In connection with the Series A Financing, the ---------------- Company shall have received acceptable subscriptions from the Purchasers to subscribe for and purchase, at a minimum, shares of Series A Preferred Stock having an aggregate stated value of Five Million and No/100 Dollars ($5,000,000).
Minimum Funding. We may require that You fund a minimum amount, on each occasion as set out in the "FAQ" section of Our Website.
Minimum Funding. We may require that You fund a minimum amount on each occasion as set out in the Frequently Asked Questions section of the Website from time to time.
Minimum Funding. The total of the proceeds from the PIPE Offering plus the amount remaining in the Trust Account after Redemptions, net of Expenses, shall not be less than $50,000,000.