Development Units Clause Samples

Development Units. 7 Section 3.2
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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.
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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 [*].
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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. a. Participation in the Annual Mid-Management Workshop shall earn 0.5 PDU credit per workshop for a total of 1 PDU credit for every 2 years. b. PDU Committee shall be composed of three (3) mid-management membersappointed by the Association President and two (2) administrators appointed by the College President. 1. Professional development activities referto activities such as courses, conferences, conventions, meetings, seminars and workshops. 2. A mid-manager may utilize budgeted travel and meeting funds and be absent to attend local, state, and national professional development activities upon the approval of: a. the appropriate supervisor and administrator for in-radius travel; and b. Board of Trustees for out-of-radius travel. 3. The College agrees to place a maximum of $5,000 per fiscal year in this fund. Approval for use of these funds requires the signature of the mid-manager’s supervisor, the President of the Association, and the college contract administrator. Individuals may request utilization of more than their $400.00 allocation, but, in no event, shall the total expenditures from the fund in any fiscal year exceed the initial allocation in that year. Any unused funds will be returned to the general college fund at the end of the fiscal year.
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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.
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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 ...
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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 * * *.
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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 4.2.1 Hana shall use Commercially Reasonable Efforts to Develop each Product in the Territory (including carrying out its responsibilities under the Development Plan) to: (a) conduct or cause to be conducted the necessary and appropriate clinical trials as necessary to obtain and maintain Regulatory Approvals for each Product; and (b) prepare, file and prosecute or cause to be prepared, filed and prosecuted the Regulatory Submission for each Product. 4.2.2 Hana will provide INEX with written reports to keep INEX fully informed of the progress of the Development of each Product as follows: (a) at the close of each Calendar Quarter during the first twenty-four (24) months following the Effective Date of the Definitive Agreements; and (b) on or before June 31 and December 31 of each and every calendar year thereafter.

  • 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 ▇▇▇▇▇, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Development Diligence Pfizer will use its Commercially Reasonable Efforts to Develop and seek Regulatory Approval for one Product in the Field in [***]. Pfizer will have no other diligence obligations with respect to the Development or Regulatory Approval of Products under this Agreement.