Project Acquisition Sample Clauses
The Project Acquisition clause defines the terms and conditions under which one party may acquire ownership or control of a project from another party. Typically, this clause outlines the procedures for initiating an acquisition, the criteria that must be met, and any required approvals or notifications. For example, it may specify timelines for due diligence, payment structures, or the transfer of intellectual property and assets. Its core practical function is to provide a clear and structured process for transferring project ownership, thereby reducing uncertainty and minimizing disputes between parties.
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Project Acquisition. With respect to any Project subject to an Acquisition Document, the acquisition under such Acquisition Document shall have been consummated or shall be consummated concurrently with the occurrence of the Initial Project Funding Date of such Project.
Project Acquisition. In the event that the Company is acquired, all obligations of the grantee remain in force, as do all interests in property on the part of the Commission.