Working Capital Sample Clauses

Working Capital. Upon consummation of the Offering and the Private Placement, it is intended that approximately $1,250,000 of the proceeds from the Offering and the Private Placement will be available to the Company and held outside of the Trust Account to fund the working capital requirements of the Company.

Working Capital. Upon consummation of the Offering, it is intended that approximately $750,000 of the proceeds from the sale of the Firm Units and Private Units will be released to the Company to fund the working capital requirements of the Company.

Working Capital. Upon consummation of the Offering and the Unit Private Placement, it is intended that up to $1,400,000 of the proceeds from the Offering and the Unit Private Placement will be released to the Company and held outside of the Trust Account to fund the working capital requirements of the Company. In the event that the Offering expenses (exclusive of the cash underwriting fee to be paid at Closing) are less than $600,000, the amount of funds available outside of the Trust Account to fund the working capital requirements of the Company would increase by a corresponding amount.

Working Capital. Upon consummation of the Offering and the Private Placements, it is intended that approximately $978,287 (or $828,287 if the over-allotment option is exercised in full) of the proceeds of such offerings will be held by the Company outside of the Trust Account and used to fund the working capital requirements of the Company.

Working Capital. After the Loan is made, Borrower intends to have sufficient working capital, including cash flow from the Mortgaged Property or other sources, not only to adequately maintain the Mortgaged Property, but also to pay all of Borrower’s outstanding debts as they come due (other than any balloon payment due upon the maturity of the Loan). Lender acknowledges that no members or partners of Borrower or any Borrower Principal will be obligated to contribute equity to Borrower for purposes of providing working capital to maintain the Mortgaged Property or to pay Borrower’s outstanding debts except as may otherwise be required under their organizational documents.

Working Capital. In addition to the funds derived from the operation of the Property, Owner shall furnish and maintain in the operating accounts of the Property such other funds as may be necessary to discharge financial commitments required to efficiently operate the Property and to meet all payrolls and satisfy, before delinquency, and to discharge all accounts payable. Manager shall have no responsibility or obligation with respect to the furnishing of any such funds. Nevertheless, Manager shall have the right, but not the obligation, to advance funds or contribute property on behalf of Owner to satisfy obligations of Owner in connection with this Agreement and the Property. Manager shall keep appropriate records to document all reimbursable expenses paid by Manager, which records shall be made available for inspection by Owner or its agents on request. Owner agrees to reimburse Manager upon demand for money paid or property contributed in connection with the Property and this Agreement.

Working Capital. To the Company’s knowledge and taking into account the available working capital and the net proceeds receivable by the Company following the sale of the Units, the Company has sufficient working capital for its present requirements that is for a period of at least 12 months from the date of the Prospectuses.

Working Capital. Upon consummation of the Offering, it is intended that approximately $1,000,000 of the Offering proceeds will be released to the Company and held outside of the Trust Account to fund the working capital requirements of the Company.

Working Capital. Upon consummation of the Offering, approximately $1,400,000 ($1,507,000 if the Over-Allotment Option is exercised in full) of the net proceeds from the sale of the Private Placement Securities shall be released to the Company, which together with $25,000 paid to the Company by the Sponsor for the purchase of Founder Shares, shall result in a total of $1,425,000 ($1,532,000 if the Over-Allotment Option is exercised in full) to fund the working capital requirements of the Company.