Comparable Project definition
Examples of Comparable Project in a sentence
The Applicable Base Payment for a Comparable Project will equal the higher of (a) the sum of the amounts paid to DLP under the Agreement in U.S. Dollars in respect of such Comparable Project over the last *** quarters prior to the Stop Date, divided by ***, or (b) the sum of the amounts paid to DLP under the Agreement in U.S. Dollars in respect of such Comparable Project over the last *** quarters prior to the Stop Date, divided by ***.
There will be a separate Put Payment calculation for the Florida Project and for each eligible Comparable Project.
The Applicable Growth Rate for a Comparable Project will equal ***%.
For the avoidance of doubt, nothing in this Agreement shall obligate the Partnership or any of its Affiliates, or UPR, to proceed with the development or opening of any Comparable Project (including but not limited to the Contemplated Projects).
DLP shall continue to receive its quarterly compensation payments pursuant to Paragraph 11 of the Agreement on such Comparable Project until the Put Payment is made with respect to such Comparable Project.
The Partnership will defend and indemnify ▇▇▇▇▇▇, his companies, and their employees with respect to any claims of any nature which may be asserted by reason of, related to, occasioned by or occurring as the result of the Florida Project or any Comparable Project.
Also for the avoidance of doubt, the fact that a Comparable Project has "vested", and therefore S▇▇▇▇▇ cannot be deprived of payments which are "vested" by reason of the events noted above, shall not in and of itself mean that S▇▇▇▇▇ has any right to receive compensation in respect of such Comparable Project pursuant to Paragraph 14b.
A Comparable Project shall be deemed “opened” on the date the themed attraction located therein is initially opened to the general public.
The “Termination Date” is defined to be the first to occur of December 31, 2005 or the 15th anniversary of the opening to the general public of the Florida project themed attraction except that if prior to what would otherwise be the Termination Date a Comparable Project is opened while ▇▇▇▇▇▇ has an obligation to render consulting services hereunder, the Termination Date shall be the first to occur of December 31, 2010 or 20th anniversary from said opening of the Florida Project.
Although the Partnership and/or the Affiliates may use the results of Steven’s consulting services hereunder at the Florida Project and at Comparable Projects, except as provided herein no compensation shall be payable for such use whether such matters are first used in Florida, Universal City or at any Comparable Project.