New Terms Sample Clauses
The "New Terms" clause defines how any additional or modified terms introduced after the original agreement are handled. Typically, this clause specifies the process for proposing, accepting, or rejecting new terms, and may require that all changes be made in writing and agreed upon by both parties. Its core function is to ensure that any updates to the agreement are clearly documented and mutually accepted, thereby preventing misunderstandings or disputes over unauthorized changes.
New Terms. The following shall be deemed added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order:
New Terms. The following capitalized words and phrases shall have the following meanings when used in this Agreement:
New Terms. As used in this Amendment, the following terms shall --------- have the following meanings (references in this Section 1.03 to "Section" shall be references to Sections of this Amendment):
New Terms. To confirm those new terms included within the DHA's and the City of Dover's Resolutions (First Amendment Exhibits 1.3 and 1.4):
3.1 Developer shall make a one-time, non-refundable Twenty Five Thousand Dollars ($25,000) payment to the City of Dover upon signing this First Amendment.
3.2 Developer agrees to release all claims to the current LDA $100,000 Deposit now held in escrow pursuant to the terms of LDA Exhibit 10.
1. Developer specifically authorizes payment of same to the City of Dover and DHA.
3.3 Developer shall continue to make reasonable efforts to attract an equity investor/ development partner willing to participate in the continued design, permitting and development of the Project. Developer shall keep DHA and the City of Dover reasonably informed of its efforts to do so. Developer shall have fifteen (15) months from the date the CWDAC approves the revised development program concept plan attached as Exhibit 2.1 (the "Investor Search Period"), to confirm to DHA and the City of Dover in writing its obtaining an equity investor/development partner whose development participation is contingent only upon obtaining "Permitting Agencies" approvals necessary for the Project as contemplated by the concluding paragraph to Section 4 of the LDA. The Investor Search Period shall end August 8, 2014, TIME IS OF THE ESSENCE. Developer's written disclosures shall be made to DHA's Executive Director (or authorized designee), to the Dover City Manager, and to the CWDAC Chairperson.
New Terms. Appendix II is hereby replaced in its entirety by the following Amended Appendix II. Pursuant to this Amended Appendix II, effective upon OBC’s receipt of the initial twenty thousand US dollar (US$20,000) payment, the running royalty to be paid by TMK on the Net Selling Price of its Licensed Consumer Batteries shall be 2.5% . Payment Up-front Up-front Royalty May, 2009 US$20K US$20K 2.5% August, 2009 US$40K US$60K 2.5% December, 2009 US$40K US$100K 2.5% February 1, 2010*(see Section 2.3) 0 US$100K 2.0% Gross Sales reach $30M/Yr US$200K US$300K 1.5% Gross Sales reach $50M/Yr US$500K US$800K 0.50% Gross Sales reach $75M/Yr US$1M US$1.8M 0.50% Gross Sales reach $150M/Yr US$1.5M US$3.3M 0.50% Gross Sales reach $250M/Yr US$1.7M US$5M 0.50%
New Terms. There shall be added to Section 1.1 of the Credit Agreement a new defined term, "Equity Forward Contract," to read as follows:
New Terms. The following defined terms are added to Section 5.▇.▇.▇: “FS2 Base Amount” means $503,237 and “FS3 Base Amount” means $185,419, and the following defined terms are added:
New Terms. The following terms shall have the following respective meanings:
New Terms. The following terms in this Agreement supplement, modify, or change the terms of the Existing Agreement:
New Terms e.g., Waste (§1(ll))