Common use of Operating Capital Clause in Contracts

Operating Capital. It is hereby agreed that Seller shall be provided sufficient operating capital to achieve certain milestones as per a pre-approved budget. Budget and milestones must be mutually agreed upon prior to Acquisition.

Appears in 4 contracts

Sources: Letter of Intent (Network Cn Inc), Letter of Intent (Trend Technology Corp), Letter of Intent

Operating Capital. It is hereby agreed that Seller shall be provided sufficient operating capital to achieve certain milestones as per a pre-approved budget. Budget and milestones must be mutually agreed upon prior to Acquisition.budget attached hereto as Exhibit A.

Appears in 1 contract

Sources: Stock Purchase Agreement (Eworld Interactive, Inc.)