Qualified Collaborative Financing

Qualified Collaborative Financing. Means (i) funding received by the Company from collaborative partners to be used by the Company for development to be performed by the Company on projects included within the Company's current (as of the date of this Note) business plan, and (ii) funding received by the Company from collaborative partners for development to be performed by the Company on projects outside of the Company's current (as of the date of this Note) business plan, to the extent use of such funding is not restricted to... such additional development and such funding is in excess of the estimated cost to the Company of -2- performing such additional development during the first twelve months after receipt of such funding. "Qualified Collaborative Financing" excludes loans for facility construction. View More