Issues Collection ; Understanding Groups Collection
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(1) First, the provisions require a funder to finance through to the next milestone, even if the initially invested capital falls short, unless the funder is willing to surrender all value already bargained for, or, unless the funder brings in a replacement financier. Mechanistically, the contract requires the accelerated investment of capital ‘committed’ to financing at the next milestone and the investment of new ‘supplemental’ capital if committed funding is nearly spent but the milestone/completion of the claim has not been reached.
D. Associate Dean of External Affairs and General Counsel
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