PROPOSALS AND PROJECTS Sample Clauses

PROPOSALS AND PROJECTS. 5.1 The parties agree that the terms of this agreement shall apply when either party (proposing party) wishes to propose to the other party (receiving party) a Project falling within the scope of the Focus.
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PROPOSALS AND PROJECTS. The parties agree that the terms of this agreement shall apply when either party (proposing party) wishes to propose to the other party (receiving party) a Project falling within the scope of the Focus. A proposing party may submit a proposal for a proposed Project falling within the scope of the Focus to the receiving party at any time. The proposal shall contain high level details of the proposed Project, including an indication of the parties' likely respective Inputs and any Charges the proposing party intends to make for its own Inputs (if applicable). On receipt of a proposal, the receiving party shall consider it, provide the proposing party with its comments and the parties shall then discuss whether they wish to formalise the proposal so that it becomes a Project. Either party may, in its absolute discretion, decline to agree to formalise a proposal into a Project. In order to formalise a proposal into a Project: either party may submit to the other a draft Project Schedule. Such document shall be based substantially on the template Project Schedule set out in Schedule 1, but it may include additional matters or exclude matters contained in the template that are not relevant to the particular Project; each party may sign the Project Schedule or decline to do so. A Project Schedule shall not have operative effect under this agreement unless it is signed by both parties. Once signed by both parties, a Project Schedule becomes part of the agreement. A Project Schedule that has been signed by both parties may be amended at any time in accordance with 2329 (Variation). Unless terminated earlier in accordance with this agreement, each Project Schedule has contractual effect during the applicable Project Period. Each party shall in relation to the obligations allocated to it in a Project Schedule agreed in accordance with this clause: perform such obligations, including by providing the Inputs in accordance with timeframes or milestones (if any) specified in the Project Schedule; use reasonable care and skill in performing such obligations; comply with good industry practice; comply with all laws applicable to it; obtain and maintain consents, licences and permissions (statutory, regulatory, contractual or otherwise) that are necessary to enable it to comply with such obligations; ensure that the Inputs it provides conform with descriptions and specifications (if any) set out in the applicable Project Schedule; and if on the other party's premises, compl...
Sample 1
PROPOSALS AND PROJECTS. A Party wishing to propose (“Proposing Party”) to the other Party (“Receiving Party”) a project within the scope of the Alliance, may submit a proposal by email at the address specified in clause 14 to the Receiving Party at any time, indicating whether the project is designated as green, yellow or red (and green project, yellow project and red project shall be construed accordingly). The proposal shall contain high level details of the proposed project, including an indication of the Parties’ likely respective contributions and any charges the proposing party intends to make for its own contribution (if applicable). • On receipt of a proposal, the Receiving Party shall consider it, provide the Proposing Party with its comments within the Prescribed Time (as defined below) and the Parties shall then discuss whether they wish to formalise the proposal into a Project. Either Party may, in its absolute discretion, decline to agree to formalise a proposal into a Project. If either Party rejects the proposal or fails to respond to a request to formalise a proposal into a Project within the Prescribed Time, the Proposing Party shall be entitled to pursue it in its own name and at its own cost.
Sample 1
PROPOSALS AND PROJECTS. (i) The General Partner shall consider and review proposals submitted to the General Partner by a Limited Partner or an Affiliate (each, a "Proposal") to research, develop, commercialize and market pharmaceutical preparations for human therapy concentrating on pharmaceutical preparations having the potential for competitive advantage in the marketplace based upon unique formulations or dosage forms, new or expanded indications and/or patentability as to product, process or use (each, a "Product" and collectively the "Products"). Each Proposal shall be in such format as determined by the General Partner and shall include a proposed budget calculated to bring such Product successfully to market and a proposed timeline for so doing. No Limited Partner or its Affiliate has any obligation to present a Proposal to the General Partner on behalf of the Partnership with respect to any particular Product.
Sample 1

Related to PROPOSALS AND PROJECTS

  • Projects The Annexes attached hereto describe the specific projects and the policy reforms and other activities related thereto (each, a “Project”) that the Government will carry out, or cause to be carried out, in furtherance of this Compact to achieve the Objectives and the Compact Goal.

  • Operations and Properties Borrower shall, and shall cause each of its Subsidiaries to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Business and Properties No business of any Loan Party or any of its Subsidiaries is affected by any fire, explosion, accident, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

  • Budgets Borrower shall have delivered, and Lender shall have approved, the Annual Budget for the current Fiscal Year.

  • Financial Statements and Projections Except for the Projections, all Financial Statements concerning Borrower and its Subsidiaries that are referred to below have been prepared in accordance with GAAP consistently applied throughout the periods covered (except as disclosed therein and except, with respect to unaudited Financial Statements, for the absence of footnotes and normal year-end audit adjustments) and present fairly in all material respects the financial position of the Persons covered thereby as at the dates thereof and the results of their operations and cash flows for the periods then ended.

  • Rent Rolls; Operating Histories The Seller has obtained a rent roll (the “Certified Rent Roll(s)”) other than with respect to hospitality properties certified by the related Mortgagor or the related guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination of the related Mortgage Loan. The Seller has obtained operating histories (the “Certified Operating Histories”) with respect to each Mortgaged Property certified by the related Mortgagor or the related guarantor(s) as accurate and complete in all material respects as of a date within 180 days of the date of origination of the related Mortgage Loan. The Certified Operating Histories collectively report on operations for a period equal to (a) at least a continuous three-year period or (b) in the event the Mortgaged Property was owned, operated or constructed by the Mortgagor or an affiliate for less than three years then for such shorter period of time, it being understood that for mortgaged properties acquired with the proceeds of a Mortgage Loan, Certified Operating Histories may not have been available.

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