Economic Viability Clause Examples
The Economic Viability clause defines the conditions under which a party may assess whether continuing with a contract or project remains financially feasible. Typically, this clause allows a party to review economic factors such as costs, revenues, or market changes, and to terminate or renegotiate the agreement if the project is no longer profitable or sustainable. Its core function is to protect parties from being bound to obligations that have become economically impractical, thereby allocating risk and ensuring that commitments remain reasonable in changing financial circumstances.
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Economic Viability. Section 15.6 of the Development Agreement is hereby deleted in its entirety and replaced with the following:
Economic Viability. This element includes a review and projection of the economic viability of the community based on existing and projected commercial/ industrial activities and employment included in the comprehensive/master plan and their impacts on the other elements of the plan.
Economic Viability. 4.1. This agreement is subject to the resolutive condition that if the seller decides, based on the response which it is to receive to its marketing campaign and the number of sales which it may conclude in respect of xxxxx falling within the development, that the development is not commercially viable, it may resile from this agreement.
4.2. The seller shall have until 31 January 2012 to resile from this agreement if it is not satisfied with the economic viability of the development. If the seller elects to resile from this agreement, written notification thereof shall be given to the purchaser, in which event this agreement shall have no further force and effect.
Economic Viability. If any of the following apply:
(a) sales of Generic Products in the Territory result in an erosion of 60% or more of the price of Products in the Territory from the price at First Commercial Sale;
(b) fluctuations in the exchange rate between the South Korean won and US dollar for a continuous period of more than two (2) months, resulting in a differential of higher than twenty per cent (20%) in comparison to the exchange rate in force on the date of signature of this Agreement; or
(c) the official Korean reimbursement price for a Product as determined from time to time by the respective governmental authority shows dramatic change (that is to say, at the end of any two month period there has been a more than 10% aggregate increase or decrease), the Parties shall meet together either face to face or by telephone conference to discuss how to proceed, including without limitation adjusting NHIP with the consent of both Parties..
Economic Viability. Purchaser's determination, in its sole and absolute discretion, of the economic viability of this purchase of the Property for Purchaser's intended use prior to the expiration of the Conditions Period.
Economic Viability. The economic viabilities of project beneficiaries with a multiplier effect: awareness, leadership, training and capacity-Generating Activities Revenues should allow parents to eventually have sufficient income to enable them not only to provide schooling and basic needs of their children, but also other family members who are experiencing the same problems of education and access to basic health care.
Economic Viability. For the purpose of this Lease, “economic”, “economic viability”, or “economically viable” shall be based on conditions that are reasonable and generally accepted by the mining industry and may be determined by reference to the Exploration Area or Production Lease Area taken as a whole or to the interest of the Lessee or, if the Lessee is comprised of more than one person, the interest of each such person and a reasonable debt/equity structure. In addition, if the Exploration Area or Production Lease Area hosts only part of a Mineral Resource, the rest of which is located on lands administered under the NTNMR, reference may be made to the total of the Mineral Resource and the mineral resources on the lands administered under the NTNMR.
Economic Viability. For the purpose of this Agreement, the terms “economic”, “economic viability” and “economically viable” shall be interpreted on the basis of conditions that are reasonable and are generally accepted by the mining industry in Canada. The meaning of these terms may be determined by reference to the Exploration Area or Production Lease Area taken as a whole, the interest of the Holder or, if the Holder is comprised of more than one person, the interest of each such person, and a reasonable debt/equity structure. In addition, if a Mineral Resource that is situated within the boundaries of the Exploration Area or Production Lease Area is contiguous with a “mineral resource” as defined in National Instrument 43-101 that is situated within adjacent lands administered pursuant to the NTNMR, reference may be made to the total of the Mineral Resource and the mineral resource situated on the lands administered pursuant to the NTNMR.
Economic Viability. Purchaser's determination, in its sole and ------------------ absolute discretion (reasonably exercised), of the economic viability of this purchase of the Property for Purchaser's intended use prior to the expiration of the period of time from and after the Agreement Date until 5:00 p.m. (Pacific Time) on December 10, 1997.
Economic Viability. The economic viability of a District Energy System will be determined by its ability to provide heating and/or cooling to the building occupants for a total net present value no greater than the present value of the costs and expenses associated with design, development, operation, and maintenance of the in-building heating and cooling systems that would otherwise provide heating and cooling to the building occupants, for an equivalent time horizon of 20 years and utilizing a discount rate consistent with that being utilized by investors in comparable real estate projects at the time of the analysis.