AD Project definition
Examples of AD Project in a sentence
If RCSI withholds its approval or fails to develop the required functionality itself First Data shall be excused from the obligation to develop the Global AD Project ***, in which case RCSI shall promptly notify First Data.
During a three-year period following the date of the first generation of gas or electricity generated by an AD Project subject to a Project Commitment, Cargill shall have the right of first refusal on the proposed sale or other conveyance of all gas and electricity generated by that AD Project.
If a proposed Global AD Project is rejected for PaySys Software strategy as provided in Section 2,07(h) of the License Agreement, dated December 31, 1996, as amended the “License Agreement”) and RCSI elects to have a third party develop functionality identical to the functionality in such proposed Global AD Project, then ***.
If RCSI or an Affiliate *** the development of a Global AD Project *** and RCSI or an Affiliate elects to cancel such Global AD Project on ***, the projects will be canceled and RCSI shall *** by First Data or PaySys for the canceled Global AD Project on *** after such time as requirements definitions have been completed for the canceled project (i.e., RCSI shall not be required to *** prior to completion of the requirements definition).
Cargill will then present to the identified Project Candidates the EPC Parties’ binding Option to implement an AD Project, the form of which is set forth in Schedule 3 (to be reasonably adapted as necessary to conform to specific environmental and physical variations presented by different Project Candidates).
Partial releases of Lots or Land that are part of an A&D Project shall be governed by Article XII of this Agreement, not this Section.
If in order to create the Global AD Project functionality on the *** (independent of the Global AD Project), regardless of *** of the Global AD Project itself, RCSI shall be responsible for the cost of creating such prerequisite functionality *** to the extent such cost is greater than *** of *** which is estimated to be *** in developing the Global AD Project functionality itself on the ***.
An AD Project that results in a Project Commitment may generate revenue for an EPC Party from the sale of gas, electricity or other by-products generated by the AD Project (other than Greenhouse Gas Reduction Certificates) (all such revenue being referred to herein as “Source Revenue”).
RCSI may not propose as a Global AD Project a project that has passed the requirements stage before July 1.
With respect to each AD Project subject to a Project Commitment that generates Source Revenue to an EPC Party, the EPC Party shall pay to Cargill, within 30 days of receipt of revenue, two percent of all such Source Revenue received by the EPC Party from such project for a five year period following the date of the first receipt of any such Source Revenue.