The funds, contingent on the company reaching certain job milestones, will be used to purchase equipment, making facility upgrades, train employees and offset relocation costs.
WSJ: New York insurance firm to move HQ to Stamford
Contingent on raising the necessary funds, the group intends to increase its corps of volunteers tenfold by 2013.
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They are promises to provide funds if called upon (technically they are what's called a contingent liability and are part of our foreign reserves).
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