New Project Clause Examples
The "New Project" clause defines the terms and conditions under which additional projects may be initiated between the parties during the course of their agreement. Typically, this clause outlines the process for proposing, approving, and documenting new projects, such as requiring written proposals or amendments to the original contract. Its core function is to provide a clear and structured method for expanding the scope of work, ensuring that both parties agree on the terms of any new undertakings and reducing the risk of misunderstandings or disputes.
New Project. Refund ------------------ 9.
1. In the event that the FDA does not approve the ANDA within five (5) years from the date of this Agreement, and should THE CLIENT within a six-month period thereafter then elect not to continue with this Agreement, then the License Fees paid to ELAN under paragraph 2.2 of this Article above (**** **********) shall be allocated to a new project, to be agreed by the parties, in a manner to be discussed and agreed in good faith. Failing such agreement, THE CLIENT is allowed to recover these funds through future royalty and manufacturing income received by ELAN from a licensee in the territory.
New Project. The Parties hereby agree to perform and undertake their respective obligations set forth in Appendix A related to Q100 v1.2 Software updates, attached hereto and incorporated by this herein reference.
New Project. Rush ( Due 1-3 Days) 5. Critical (Due Today)
New Project. Describe the objectives, scope, estimated cost and estimated schedule for the Project. Detail how the Project meets overall objectives of the Program. Describe the priority of the Project, from the requestor’s perspective. Identify leadership stakeholders that have been / will need to be engaged in the definition of this Project. Describe the desired role (job description), term of engagement, specific responsibilities that will be assigned to the role, requested start date, reporting manager/supervisor. Describe how the staff aug request will be funded if accepted. DII EA Review AHS IT Review DVHA Finance HSE Contract/Legal Review Business Review Contractor Account Executive State Authorized Representative / Contract Owner SLT Members (if reqd) Meeting Minutes Reference IAT Members (if reqd) Meeting Minutes Reference
New Project. If the Producer gives notice to the Utility that it intends to build the New Project, the Utility shall, at its sole expense, forthwith design, construct, install, test, operate and maintain the New Project Transmission Facilities in accordance with sound utility practices. The Utility shall construct the New Project Transmission Facilities to such specifications as are deemed suitable to the Producer, after consultation with the Utility.
New Project. The Parties hereby agree to perform and undertake their respective obligations set forth in Appendix A related to Stability Study Scope, Design and Decisions attached hereto and incorporated by this herein reference.
New Project. It is understood that PARI would not be obligated as part of the Project to develop formulations of [***], for use in a [***]. If the Parties agree for PARI to develop such other combinations in a [***], then the Parties would negotiate appropriate terms and conditions for such a product.
New Project. (1) The Grantor may at any time give notice to the Royalty Holder of its expectation of Coal production from a New Project (New Project Notice).
(2) Subject to 3.3(c), if a New Project Notice is given to the Royalty Holder, the Grantor agrees to grant and to pay a royalty in respect of the New Project pursuant to the terms of this Deed on the basis that references to “Project” in this Deed will be deemed to be references to “New Project” for such purposes;
(3) In circumstances where, in respect of the current Royalty Phase at the time the New Project Notice is given (Current Royalty Phase), the Royalty Phase Volume for the Current Royalty Phase has not been reached, then:
(1) the giving of the New Project Notice does not end the Current Royalty Phase;
(2) the Royalty for the Current Royalty Phase will continue to be payable including from any Coal Sold from the New Project until such time as the Royalty Phase Volume for the Current Royalty Phase is met notwithstanding that the Project Profits for the New Project may be negative , but subject always to clauses 3.1(b) and 3.2(d) (as applicable);
(3) only upon the Grantor giving a Royalty Phase Notice for a subsequent Royalty Phase (Next Royalty Phase), shall there be a new Repayment Date applicable to that New Project such that the royalty for that Next Royalty Phase will not be payable until the Project Profits in respect of that New Project equal or exceed zero, except that revenue derived by the Grantor in respect of the Current Royalty Phase (including from any Coal Sold from the New Project until such time as the Royalty Phase Volume for the Current Royalty Phase is met) will not be included in the calculation of Project Profits for the New Project; and
(4) for the avoidance of doubt:
(1) the Project and a New Project (and any further New Projects) may run concurrently including with respect to the payment of royalties; and
New Project. Undertake any new project, diversification, modernisation or substantial expansion of the Project described herein. The word "substantial" shall have the same meaning as under the Industries (Development and Regulation) Act, 1951.
New Project. This Subparagraph (b) shall apply to all new ----------- buildings and other improvements constructed pursuant to Paragraph 11 hereof. Lessee will at its own expense at all times during said term keep all new buildings on the demised land insured against loss or damage by fire with extended coverage and an inflation guard endorsement in an insurance company authorized to do business in Hawaii and in time of war against war damage to the extent such governmental insurance is obtainable at reasonable cost, in an amount as near as practicable to the full insurable value thereof in the joint names of Lessor, Lessee and any mortgagee as their interests may appear, and will pay all premiums on such insurance when due, and will from time to time deposit promptly with Lessor current certificates of such insurance and upon request therefor true copies of such insurance policies. In every case of loss or damage to said buildings all proceeds of such insurance (excluding the proceeds of any rental value or use and occupancy insurance of Lessee) shall be used with all reasonable speed by Lessee for rebuilding, repairing or otherwise reinstating the same buildings in a good and substantial manner according to the original plan and elevation thereof or such modified plan conforming to laws and regulations then in effect as shall be first approved in writing by Lessor and any mortgagee, and Lessee will make up from its own funds any deficiency in the insurance proceeds. Provided, that if said building(s) shall during the last ten (10) years of the term of this Lease be destroyed or damaged to an extent exceeding FIFTY PERCENT (50%) of the actual cash value thereof immediately prior to such casualty, and the insurance proceeds are insufficient for restoring such building(s) as herein provided, and with the written consent of any mortgagee of this Lease, Lessee, in lieu of such restoration may at its option within sixty (60) days after such casualty remove all debris and remains of damaged building(s) and surrender to Lessor this Lease and all interest of Lessee and any mortgagee in the remaining insurance proceeds and thereby be relieved of any further obligations hereunder.