Development Units Sample Clauses

Development Units. The term "Development Unit" is defined on Exhibit "C" to this Agreement. Moreover, only the opening of a new Burger King Restaurant in one of the forms set forth on Exhibit "C" hereto will be applied against the Developer's obligations under this Article III. The purchase of existing Burger King Restaurants will not count against the Developer's development obligations under this Article III.
Sample 1
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Development Units. This sum shall be returned, also in national currency, readjusted according to the variation which the Development Unit undergoes determined by the Superintendency of Banks and Financial Institutions, between this date and the date of the effective payment. The capital owed shall be paid, with the readjustment indicated above, in 72 monthly payments, with due date(s) on the 16th day of the corresponding month. The first expiration shall therefore be November 16, 1998, and the last, October 16, 2004. The readjusted capital owed shall earn interest which shall be paid on the due date for the corresponding month. The rate of interest shall be 13.70% yearly, for the first period which shall expire on November 16, 1998. For the following periods which shall become due on the 16th day of the corresponding month, the rate shall be the one the Bank has established for this class of operation to the date of initiation of the respective period, with the limitation that it cannot exceed the maximum conventional rate of interest for readjustable operations in ordinary money in effect on that date. The rate indicated above shall be certified by the Bank in this document, on the date the corresponding period begins and said certificate shall be considered an integral part of this promissory note for all legal effect. The interest which is not paid on the time established shall be added for this single time to the capital owing. If there should be discussion or objection at any time or in any form concerning the rate(s) which in accordance with the foregoing are certificated for the following periods, for this single time the maximum conventional rate ruling these credit operations in money on the date of the beginning of said period, must be applied to to the respective period, in substitution of the rate under discussion or objected to. The Bank may, upon expiration of any of the payments of capital in which this promissory note is divided, and/or its interest payments, extend such payments of capital and/or interest, for which it is especially empowered in this act. In this case, during the entire period of the extension, the total amount of what is owed on that date, shall be returned at the rate of interest which may rule in the corresponding period(s), increased up to .......... So that said extension should be effective, an affidavit is sufficient that this is allowed by the Bank in this promissory note, with the new date of expiration. The simple delay in the pay...
Sample 1
Development Units. The term "Development Unit" is defined on Exhibit B to this Agreement. Moreover, only the opening of a new Burger King restaurant in one of the forms set forth on Exhibit B hereto will be applied against the Developer's obligations under this Article III. No more than four (4) Burger King Kiosk Restaurants (as that term is defined in Exhibit B hereto) can be developed and opened for business during any single Development year of the Development Schedule for purposes of meeting Developers development obligations under this Article III.
Sample 1
Development Units. The pre-release version of the Integrated ----------------- Product shall be subject to Acceptance by AOL based on satisfaction of such tests as the Parties will mutually and reasonably construct in order to determine whether the Integrated Product operates in substantial compliance with the Acceptance Criteria set forth in Schedule 4. TiVo shall provide (directly or indirectly through a Manufacturer) and AOL shall purchase up to * * * total (such total to include the number of test units purchased pursuant to Section 3.2(c)(ii) above) units of the Integrated Product solely for AOL's own internal use in performing such tests. For each production run of development units delivered to AOL, TiVo shall provide documentation containing lists and descriptions of known errors and limitations for such production run. AOL shall test the Integrated Product within * * * days of receipt, in order to determine whether it is in substantial compliance with the Acceptance Criteria. Within such period, AOL shall provide TiVo with written Acceptance of the Integrated Product or a statement identifying any failure of the Integrated Product to substantially comply with the Acceptance Criteria in sufficient detail for TiVo to recreate such non-compliance. In the event AOL identifies such a failure and rejects the Integrated Product, TiVo shall have * * * days from TiVo's receipt of notice of such rejection to repair the failure and resubmit the units of the repaired Integrated Product to AOL for testing. AOL shall then have * * * days after receipt of the resubmitted product to determine whether such version passes Acceptance testing. The process shall be repeated until the Integrated Product passes Acceptance testing or, if it fails to pass after * * * rounds of Acceptance testing and such failure is not due solely to the AOL TV Software or the AOL TV Service (excluding the EPG Data and the Basic DVR Functionality), TiVo shall have * * * as set forth in Section * * *.
Sample 1
Development Units. To further the educational attainment of the students of the College, mid-managers understand the need to maintain their own educational expertise through the completion of a minimum of three (3) credit hours in their discipline or related discipline from an accredited institution or six (6) professional development units (PDU) over the course of two (2) fiscal years. PDU activities that are not in a mid-management member’s discipline or a related discipline may be submitted to the PDU Committee for consideration. After review of the course(s) and objectives, the PDU Committee will make a recommendation to the appropriate supervisor.
Sample 1
Development Units. 7 Section 3.2
Sample 1
Development Units. Upon TiVo's written request, Quantum shall ----------------- provide to TiVo, [*], as reasonably required by TiVo in connection with the Integration, up to [*] [*] Hard Disk Drives and up to [*] [*] Hard Disk Drives. Such Hard Disk Drives may be used by TiVo solely for [*] of the TiVo Center and not for any other purpose, including [*].
Sample 1
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Related to Development Units

  • Development Rights The Employee agrees and declares that all proprietary information including but not limited to trade secrets, know-how, patents and other rights in connection therewith developed by or with the contribution of Employee's efforts during his employment with the Company shall be the sole property of the Company. Upon the Company's request (whenever made), Employee shall execute and assign to the Company all the rights in the proprietary information.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Development Efforts Genentech will use commercially reasonable and diligent efforts to develop C2B8, including pursuing preclinical development and clinical development of C2B8 and obtaining Regulatory Approvals therefor in all countries in the Licensed Territory, taking into account the scientific and commercial potential of C2B8, including, without limitation, each of the potential indications in the Field for C2B8. Within ninety (90) days of the Original Effective Date, Genentech agrees to provide IDEC with a written development strategy for C2B8 in the Licensed Territory indicating (i) whether Genentech will develop C2B8 alone or with a partner in Europe, (ii) the identity of its European partner (if any), and (iii) a list of clinical trials which Genentech would conduct for C2B8 approval in Europe assuming adequate quantities of C2B8 are available.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Development Diligence Novartis shall dedicate commercially reasonable efforts, during each [**] month period, necessary to continue the advancement of Licensed Compounds and Licensed Products with respect to at least one Profile towards the next clinical Development milestone or approval milestone, as described in Sections 7.4.2 or 7.4.3, respectively. If Novartis (itself or through its Affiliates or sublicensees) fails to dedicate commercially reasonable efforts, during any [**] month period, necessary to continue the advancement of Licensed Compounds and Licensed Products with respect to at least one Profile towards such next milestone, then any dispute regarding Novartis’ failure of development diligence with respect to such Profile shall be resolved in accordance with Article 13.

  • Development Activities The Development activities referred to in item “b” of paragraph 3.1 include: studies and projects of implementation of the Production facilities; drilling and completion of the Producing and injection xxxxx; and installation of equipment and vessels for extraction, collection, Treatment, storage, and transfer of Oil and Gas. The installation referred to in item “c” includes, but is not limited to, offshore platforms, pipelines, Oil and Gas Treatment plants, equipment and facilities for measurement of the inspected Production, wellhead equipment, production pipes, flow lines, tanks, and other facilities exclusively intended for extraction, as well as oil and gas pipelines for Production Outflow and their respective compressor and pumping stations.

  • Commercialization Intrexon shall have the right to develop and Commercialize the Reverted Products itself or with one or more Third Parties, and shall have the right, without obligation to Fibrocell, to take any such actions in connection with such activities as Intrexon (or its designee), at its discretion, deems appropriate.

  • Development Work Do, or cause to be done, such development and other work as may be reasonably necessary to protect from diminution and production capacity of the Mortgaged Property and each producing well thereon.

  • Development Program A. Development activities to be undertaken (Please break activities into subunits with the date of completion of major milestones)

  • Commercialization Efforts The RECIPIENT shall, including whether through its own efforts or the efforts of a licensee under a License Agreement allowed by the terms of this Attachment, use diligent and commercially reasonable efforts to commercialize at least one Commercial Product or Commercial Service or otherwise bring to practical application the Project Results in accordance with the commercial development plan submitted with the Application and including any changes to such commercial development plan in accordance with Section D3.01. For the avoidance of doubt, partnering or licensing activities shall be considered to be efforts to commercialize.

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