Optimization Phase Sample Clauses

Optimization Phase. In accordance with Section 2.3 of the Agreement, CUSTOMER and DYAX acknowledge that CUSTOMER has elected to proceed to the Optimization Phase. However, notwithstanding the original expectation of the parties that DYAX would conduct the work to be performed during the Optimization Phase, CUSTOMER and DYAX agree that CUSTOMER shall conduct the work to be performed during the Optimization Phase.
AutoNDA by SimpleDocs
Optimization Phase. Section 3.2 of the Agreement is hereby deleted in its entirety and the following language is hereby substituted in its place: Confidential material omitted and filed separately with the Securities and Exchange Commission. Asterisks denote such omissions. "In consideration of the performance by DYAX of the Optimization Phase, DYAX and CUSTOMER shall mutually agree on the amount to be paid by CUSTOMER for the Optimization Phase in accordance with Section 2.3. One half of such agreed-upon amount shall be paid by CUSTOMER at the initiation of the Optimization Phase and one-half of such agreed-upon amount shall be paid by CUSTOMER upon the completion of the Optimization Phase. In further consideration of the performance by DYAX of the Optimization Phase, CUSTOMER shall pay DYAX a milestone fee of ************* upon the completion of the Optimization Phase if the milestone is achieved. The milestone shall be a process performance milestone mutually agreed to by the parties in accordance with Section 2.3. The milestone fee ************* shall be creditable against the license fee due DYAX in accordance with Section 4.3."
Optimization Phase 

Related to Optimization Phase

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Production Phase contract period in which the Development and the Production are to be performed.

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE

  • Development Program A. Development activities to be undertaken (Please break activities into subunits with the date of completion of major milestones)

  • Programming Phase 2.2.1.2. Schematic Design Phase: 2.2.1.3. Design Development Phase:

  • Preconstruction Phase The Preconstruction Phase shall mean the period commencing on the date of this CM/GC Contract and ending upon commencement of the Construction Phase; provided that if the Owner and CM/GC agree, the Construction Phase may commence before the Preconstruction Phase is completed, in which case both phases shall proceed concurrently, subject to the terms and conditions of the Contract Documents.

  • Construction Phase Part 1 –

  • Construction Phase Fee Contractor’s Construction Phase Fee is the maximum amount payable to Contractor for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by Owner elsewhere in this Agreement. References in the UGSC to Contractor’s “overhead” and “profit” mean Contractor’s Construction Phase Fee. The Construction Phase Fee includes, but is not limited to, the following items:

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Construction Phase Services 3.1.1 – Basic Construction Services

Time is Money Join Law Insider Premium to draft better contracts faster.