ELI Clause Samples
The ELI clause establishes the requirements and procedures for providing an Estimated Level of Involvement (ELI) in a project or contractual arrangement. Typically, this clause outlines how parties should estimate and communicate the amount of time, resources, or personnel expected to be dedicated to specific tasks or deliverables. For example, it may require a contractor to specify the number of hours or staff assigned to a project phase. The core function of the ELI clause is to set clear expectations regarding resource allocation, thereby reducing misunderstandings and helping manage project planning and accountability.
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ELI. II represents and warrants to the Company that (a) the Shares ▇▇e owned by ELI-II and represent all of the capital stock of the Company owned ▇▇ ELI-II or any affiliate thereof or of Rohit M. Desai, (b) the Shar▇▇ are being sold free and clear of ▇▇▇ ▇▇▇▇▇▇▇ances, liens of any kind whatsoever ("Encumbrances"), other than the restrictions imposed by Federal and state securities law, (c) ELI-II is authorized to enter into this Agreement and consummate ▇he transactions contemplated hereby and (d) it is fully familiar with the financial condition of the Company and has had an adequate opportunity to ask and have answered questions regarding the financial and business condition of the Company.
ELI. Under the terms of the Utility ▇▇▇eements, ELI makes the following undertakings:
(1) With respect to a Utility Agreement that grants to ELI a Right of Way License, ELI agree▇ ▇o: (A) d▇▇▇gn, engineer, construct and install the System; (B) upon completion of the construction and installation of the System on such Utility Company's portion of the Cable Route, and subject to ELI's reservation of an exclusive IRU to the Commercial Fibers along such portion of the Cable Route, transfer legal title to the Cable and the Cable Accessories installed on the Utility Company's Right of Way to that Utility Company; and (C) upon completion of the construction and installation of the System on such Utility Company's portion of the Cable Route, lease to such Utility Company the Dark Fibers in the Cable installed on such Utility Company's Right of Way.
(2) With respect to a Utility Agreement that grants to ELI a Cable Use License, ELI agrees ▇▇: (A) supply the Cable for use in the installation of the System on the Utility Company's portion of the Cable Route; and (B) upon completion of the construction and installation of the System along such portion of the Cable Route, transfer legal title to the Cable and the Cable Accessories installed on the Utility Company's Right of Way to that Utility Company.
ELI. DC has received pre-financing from the EC via the coordinator (40% of the total budgeted eligible costs). First payment from ELI-DC to linked third parties in September 2019 based on costs reported for December 2018 – August 2019. From September 2019 on (subject to availability of pre-financing), ELI-DC will pre-finance eligible costs of linked third parts every six months. The payment will take into account the forecasted costs and each linked third party’s balance (i.e., accrued non-used pre-financing).
ELI. ELI shall pay or cause to be pai▇ ▇ll ▇▇▇es and use taxes associated with or attributable to ELI's provision and installation of the Regeneration Facilities and the System Electronics. ELI shall indemnify and hold FOCAS ha▇▇▇ess from and against all sales and use taxes associated with or attributable to the provision and installation of the Regeneration Facilities and the System Electronics.
ELI at ▇▇▇ ▇▇▇▇▇▇▇, upon the term▇, covenants and conditions contained in this Agreement, desires that FOCAS perform such design, engineering, construction and installation services for ELI to the point that the above-mentio▇▇▇ portion of the entire Revenue Sharing Route is completed.