Approved Projects Clause Samples

Approved Projects. A. Each Party shall promptly undertake performance of an Approved Project as set forth in the applicable Project Form. During each Approved Project, the Parties will endeavor to perform their respective duties and to develop and submit to each other any deliverables identified in the Approved Project's Success Criteria. B. All work on Approved Projects shall be directed and controlled by the designated Project Administrator of each Party, subject to the oversight of the Leadership Committee. C. P&G will pay GCOR for the research conducted under this Agreement as follows. *** of this Agreement until June 30, 2003, for a total of One Million Five Hundred Thousand Dollars ($1,500,000), with payment to be made by P&G *** no later than ***. In the event that P&G earlier terminates this Agreement by giving written notice to GCOR pursuant to SUBSECTION 7.B below on or before the June 30 end of a contract year, then ***. In addition, upon signing of the Success Criteria for an Approved Project to enter into a Development Project phase from a Research Project conducted under this Agreement, a Supplier Advance shall become due from P&G to GCOR and shall be payable within 2 months of signing the Success Criteria for such Development Project). The Supplier Advance shall be based on ***.

Approved Projects. Each of the Millennium Project and at least two other Projects shall be Approved Projects as of the Closing Date.

Approved Projects. Each Proposed Project approved by the Steering Committee in accordance with Sections 4.2 and 4.3 above shall be considered an Approved Project which shall be managed by the project managers appointed according to Section

Approved Projects. As contemplated by Section 4.5(a)(iii) above, no additional Property may be included in the Borrowing Base Property unless such Property is located within or constitutes an Approved Project, being a Project that is either a Pre-Approved Project or a Project that has otherwise been approved by the Required Lenders. The foregoing requirement of this Section 4.5 shall not apply to Property included as Borrowing Base Property as of the Closing Date. A Project shall be a Pre-Approved Project if it meets the following requirements: (i) The Project must be located within a Building Region; and (ii) The Project parameters relative to the proposed number of Housing Units or lots therefor, acquisition and development costs, and projected base price for Housing Units shall not exceed the parameters set forth on Schedule 4.5 attached hereto with respect to the subject Building Region.

Approved Projects. 7.4.1 WOP and WOP SPV undertakes that, during the Exclusivity Period, unless the prior written approval of APG is obtained:‌ (a) the Group shall be the exclusive vehicle of WOP, WOP SPV or their Affiliates for all development and redevelopment of any residential property in Hong Kong which at any point in time satisfies or may reasonably be considered to satisfy the Approved Investment Criteria (a "Potential Project"), unless it is an Excluded Project, and all development and redevelopment of Approved Projects must be undertaken by a Group Company; and‌ (b) none of WOP, WOP SPV or any of their Affiliates may, directly or indirectly (whether or not through its own, jointly with any person, corporation, partner, joint venture or any other contractual arrangements, and whether or not in exchange for profit or other benefits) carry on or be engaged, concerned or interested in, or in any way assist, the development or redevelopment of any Potential Project, unless it is or becomes an Excluded Project in accordance with this Agreement.‌ (a) to 7.4.1(b) above shall preclude WOP SPV or any of its Affiliates from acquiring not more than five per cent (5%) of the issued share capital or debt securities of any company engaged in property development whose securities are publicly listed on SEHK or any other stock exchanges. 7.4.2 Each of WOP and WOP SPV undertakes that, from the date of this Agreement to the expiry of the Exclusivity Period:‌ (a) It shall, and shall procure that its Affiliates shall, with good faith intention to promote the success of the Business, explore and identify potential new business investments or other business opportunities that may qualify as Potential Projects. For the avoidance of doubt, there is no guarantee that such potential new business investments or other business opportunities will be identified. (b) Within five (5) Business Days after WOP SPV and/or its Affiliates have obtained definitive offer(s) from seller(s) holding not less than the Relevant Percentage of the undivided shares of the lot(s) constituting the Potential Project to sell their interests in the relevant Units in the Potential Project to WOP SPV and/or its Affiliates, WOP SPV shall inform the Company and APG by giving Notice (a "Potential Project Notice"), which shall set out:‌ (i) the nature and details of the Potential Project; (ii) the investment or Acquisition Costs and Approved Project Price for exercising the Approved Project Put Option (if granted); (iii) the ini...

Approved Projects. (a) Approval. As of the Amended Lease Related Date, Lessee has submitted Plans and Specifications and proposed Budget to Lessor for, and secured the approval of Lessor with respect to, renovations to the following Facilities (each an “Approved Project” and collectively, the “Approved Projects”): Facility Project Type Approved Project Start Date Approved Amount Estimated Completion Date Cheyenne Mountain Care Center Renovation 7/1/09 $2,177,965 12/10 Pikes Peak Care Center Renovation 12/1/08 $2,735,136 12/10 Capitol Care Center Renovation 8/1/08 $1,400,000 Completed SunBridge Care & Rehab for Decatur Renovation 7/1/09 $2,153,801 Completed SunBridge Care & Rehab for Milford Renovation 4/1/09 $1,200,000 Completed SunBridge Care & Rehab for Mount Olive Renovation 3/1/09 $1,400,000 12/10 SunBridge Pine Lodge Care & Rehab Renovation 1/1/09 $2,624,490 Completed SunBridge Care & Rehab for P▇▇▇▇▇ Renovation 5/1/09 $1,592,343 Completed SunBridge Care & Rehab – Shoals Renovation 6/1/09 $2,258,607 Completed SunBridge Care & Rehab for D▇▇▇▇▇ Renovation 5/1/09 $1,641,915 Completed As of the Amended Lease Release Date Lessor has no obligation to consider any further Proposed Projects under this Exhibit C-1.

Approved Projects. With respect to each Approved Project for which a Working Capital Loan is being disbursed or has been requested, on the applicable Loan Disbursement Date: (a) The Material Project Documents for each such Approved Project for which a Working Capital Loan has been requested have been duly and validly executed and delivered by the Loan Parties and Parent, as applicable, and to the knowledge of the Loan Parties, each other party thereto, are in full force and effect, and no material provisions thereof have been modified, amended or waived. Copies of all such Material Project Documents and other materials provided to Lender, including without limitation those documents and other materials delivered pursuant to Section 5.2(c), are true, correct and complete. Each such Approved Project, if acquired, constructed and operated in accordance with the applicable Material Project Documents, will comply in all material respects with all Applicable Laws, all Approvals required for such Project, and all warranty requirements of the equipment incorporated therein. (b) The Construction Budget and Schedule for such Approved Project are based upon reasonable assumptions as to all legal and factual matters then existing and known to the Borrower that are material to the estimates set forth therein and set forth the Borrowers’ reasonable and good faith estimates of the expected costs and expenses associated with the design, procurement, manufacture and construction of such Approved Project and the schedule thereof, consistent with the related EPC Contract, Revenue Contract and all other Material Project Documents related thereto. There are no material costs associated with the design, procurement, manufacture and construction of such Approved Project that are not reflected in such Construction Budget and Schedule. (c) The Loan Parties have timely and diligently made the necessary applications for any and all rebates, subsidies, payments or performance-based incentives available from any Governmental Authority, utility or any other Person in respect of each Approved Project that it is required to have done pursuant to any Material Project Document, and have provided true, correct and complete copies of approved rebate awards related thereto to Lender. (d) The Loan Parties are in compliance, to the extent applicable, with all requirements set forth in the Transaction Documents to maintain insurance on such Approved Projects. (e) The Loan Parties have obtained all necessary Approv...

Approved Projects. All portions of those vacation ownership resorts and ----------------- developments identified on Schedule 1-A hereto, and (ii) vacation ownership -------- --- resorts and developments acquired, developed, owned and operated by FCI or any of its Subsidiaries after the date of this Credit Agreement which are (a) located in any of the Existing Resort Cities, (b) approved by the Administrative Agent or (c) Startup Projects, provided, however, that a Startup Project shall cease to be an Approved Project at such time as FCI and/or its Subsidiaries have made expenditures (including expenditures for Completion Costs) for or with respect to such Startup Project in excess of $15,000,000.

Approved Projects. (a) The County is responsible for planning, designing, and proposing projects that would qualify for funding and that further the goals of District Land Management Plans for relevant properties or Surface Water Improvement and Management Act (SWIM) plans for waterbodies within the Ocklawaha River basin or as identified in the Upper Ocklawaha Basin Management Action Plan. Projects should focus on those that will improve aquatic resources or aquatic resource-based recreation. Project proposals must be submitted using the Project Description form attached as Attachment A. The County will complete the projects within one year from the Effective Date unless otherwise agreed to by the parties in writing. (b) The District is responsible for reviewing the proposed projects, suggesting revisions if necessary, and, if the projects qualify for funding, the proportion of funding to be provided by the District, providing a progress reporting schedule and project approval. (c) The approval of the projects will be documented on a Project Description form. It shall describe with specificity the project, the relationship to District plans, the relationship to the benefits, location, quantity, work limits, time frames, deliverables, progress payments (if any), total cost, cost-share proportions, operation and maintenance responsibilities for the project’s lifespan, ownership and any other matters pertaining to the Work. The County shall not proceed with any Work prior to the receipt of an executed Project Description. All Work shall be done to the satisfaction of the District’s Project Manager and subject to the terms of this Agreement.