Agreed Resources definition
Examples of Agreed Resources in a sentence
Until the earlier to occur of (i) such time as all of the Escrow Securities have been released from escrow, or (ii) the Expiration Date (as defined below), the Purchaser agrees to use, and to cause its Affiliates to use, reasonable efforts and devote a reasonable amount of resources (such efforts and resources are collectively referred to herein as the "Agreed Resources") in order to achieve, in the ordinary course of business, Milestones one (1) through nine (9) set forth on Schedule "A".
Example: If the Goal is $100,000 of sales but only ninety percent (90%) of the Agreed Resources Projection is made available, there will be no reduction in the Goal.
In the event that following the occurrence of an event entitling a Party to terminate this Contract pursuant to this Clause 27, the Council shall continue to provide of the Agreed Resources and perform the Support Services until the date of termination, 24 Council to confirm whether a voluntary termination clause is appropriate.
Any variations to the Agreed Resources and the Support Services or any provisions of this Contract (including the Contract Price) must be agreed by the Parties and shall be recorded in writing and signed by the Parties.
Any period of time during which the Agreed Resources are reduced or suspended shall extend the Earn-Out Period for the period of such reduction or suspension unless the Earn-Out Amount has already been paid.
In the event that less than ninety percent (90%) of the resources set forth in the Agreed Resources Projection are made available to ▇▇▇▇▇▇▇▇ during any year of the Term hereof, it is agreed that the Goals shall, for purposes of this section 2.2 be automatically adjusted downward by the same percentage as the percentage of resources made available during the course of any year of the Term is adjusted downward.
The Purchaser shall resume providing the Agreed Resources as soon as the continuation of providing such Agreed Resources could not reasonably be determined to result in or lead to a breach of the fiduciary duties of the Purchaser’s board of directors.
At such meetings they shall discuss the standard of the provision of the Agreed Resources and the performance of the Support Services, the outcome of any monitoring of the Agreed Resources provision and the Support Services performance and any suggested improvements, variations, extensions or reductions to them, the performance of the respective duties and obligations of the Parties under this Contract and the performance of this Contract generally.
The Council has the necessary skill, knowledge and experience to provision of the Agreed Resources and the performance of the Support Services.
The Purchaser shall resume providing the Agreed Resources as soon as the continuation of providing such Agreed Resources could not reasonably be determined to result in or lead to a breach of the fiduciary duties of the Purchaser's board of directors.