Indicative Timing Clause Samples
The Indicative Timing clause sets out estimated timeframes for the completion of certain tasks or milestones within an agreement. It typically outlines when key deliverables are expected, such as project phases, delivery dates, or review periods, providing a schedule for both parties to reference. While these timings are not usually binding deadlines, the clause helps manage expectations and facilitates planning by giving all parties a shared understanding of the anticipated timeline.
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Indicative Timing. Based upon this Letter and the terms and conditions discussed herein, we would expect to be able to achieve the following timetable. |_| On or before 3 April 2006 it is anticipated that new management and Emerging Gamma will agree to the general terms as outlined. |_| The documents will be executed by April 7, 2006. |_| In April, we will begin with low intensity investor relations / public relations campaigns. |_| Mid to late May 2006, it is anticipated that, based on a successful funding operation, new management will have raised investment of US$ 3 million in the US capital markets. Additionally, new management may choose to seek banking facilities to leverage accounts receivables and to initiate a revolving line of credit. New management will begin trading on the OTC market. |_| Late May to June, New Management will seek to place the initial orders for finished product supply and begin to execute its business plan. Please sign and date this Letter no later than 3 April 2006, in the space provided below to confirm our mutual understandings and agreements as set forth in this Letter and return a sign copy to the undersigned. By signing this Letter, you are representing that you have the authority to consummate this transaction. This is a binding statement of our intentions, subject to and conditional on (i) Emerging Gamma's satisfactory completion of due diligence and (ii) preparation and execution of definitive documents to implement the plan set forth herein. If this letter is acceptable, please sign a return a copy. Very truly yours, For and on Behalf of New Management ___________________________________ Date: April 3, 2006 Accepted and agreed: Emerging Gamma Corporation By:____________________________ Allen F. Campbell, President Date: April 3, 2006