Demonstration Facility definition

Demonstration Facility means the physical plant, equipment, and all other related facilities constructed and operated during the Demonstration Project.

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Demonstration Facility shall have the meaning set forth in Section 2.1.

Demonstration Facility means a demonstration scale, integrated biomass-to-liquids facility located at the research and development facility of Parent or its Affiliate in PRC, Wuhan, East Lake Development Zone, High Tech Road 999, 430075, utilizing the SG Technology, NiDFB Technology and/or FT Technology and Seller’s product upgrading equipment or equivalent thereof with a design capacity of approximately 100 dry metric tons per day of biomass feed and a nominal production of approximately 1.58 kL per day of liquids output.

Examples of Demonstration Facility in a sentence

• Effective Date June 30, 2025 1.2 Engineering for Demonstration Facility.

• Genomatica, at its sole cost and expense (including repair costs), shall remove from the Demonstration Facility within two months after the termination of this JDA any Specified Equipment and any Other Equipment which T&L elects not to retain ownership of, with Genomatica acquiring all of T&L’s right, title and interest in and to any such Other Equipment upon removal and payment in accordance with the foregoing.

• The Genomatica-supplied equipment and instrumentation shall be installed at the Demonstration Facility.

• Licensee shall use its best efforts to cooperate with Licensor in the completion of a site development schedule (“SDS 001”) within ninety (90) days of the Effective Date hereof, including, without limitation specific, measurable, achievable, relevant, and timely commercialization milestones (“SDS 001 Milestones”) covering minimum sufficient development, financing, engineering, construction, commissioning, start-up, and operational requirements for the Demonstration Facility and Portland Facility.

• For employees within the Campus Energy Centre and the Bioenergy Research and Demonstration Facility, these breaks will be taken on premises.

• If the Demonstration Facility shall not have achieved FT Mechanical Completion by the Completion Deadline as determined in accordance with Exhibit F, then Buyer shall pay by wire transfer in immediately available funds to the account of Seller designated by Seller an amount equal to Four Million Five Hundred Thousand Dollars ($4,500,000), after payment of such amount, Parent and Buyer shall have no obligation to run the test runs set forth in Exhibit F.

• If the Demonstration Facility shall not have achieved SG Mechanical Completion by the Completion Deadline as determined in accordance with Exhibit E, then Buyer shall pay by wire transfer in immediately available funds to the account of Seller designated by Seller an amount equal to Four Million Five Hundred Thousand Dollars ($4,500,000), after payment of such amount, Parent and Buyer shall have no obligation to run the test runs set forth in Exhibit E.

• The scope of each Site License Agreement and Licensed Facility will be initially limited to 75,000 MTPY (“Initial Capacity”) until such time as the Demonstration Facility has completed one year of continuous operations (“Scale-Up Trigger”), unless otherwise agreed to in writing by the Licensor.

• The scope of the Site License and Licensed Facility will be initially limited to 75,000 MTPY (“Initial Capacity”) until such time as the Demonstration Facility has completed one year of continuous operations (“Scale-Up Trigger”), unless otherwise agreed to in writing by the Licensor.

• The Production and Demonstration Facility shall also be made available to the JV Company for research and development, on terms and conditions mutually agreed upon by SKGC and Loop Parent.

More Definitions of Demonstration Facility

Demonstration Facility means Borrower’s facility located at ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.

Demonstration Facility means a demonstration facility designed to produce approximately [***] per year using the Licensed Subject Matter, to be located at the LanzaTech Freedom Pines Biorefinery in Soperton, Georgia, USA.

Demonstration Facility means the LanzaTech Freedom Pines Biorefinery in Soperton, Georgia, USA, anticipated to produce [***], described further in the recitals of the Investment Agreement.

Demonstration Facility has the meaning set forth in the recitals.

Demonstration Facility means the LanzaJet Freedom Pines Biorefinery in Soperton, Georgia, USA, described further in the recitals of the Investment Agreement. “Direct Competitor” means any Person engaged, directly or indirectly, in a Directly Competitive Activity, provided that [***]. “Directly Competitive Activity” means [***]. “Dispute” means any dispute, controversy or claim (of any and every kind or type, whether based on contract, tort, statute, regulation, or otherwise) arising out of, relating to, or connected with this Agreement or any of the other Transaction Agreements or the operations carried out under this Agreement or any of the other Transaction Agreements, including any dispute as to the construction, validity, interpretation, enforceability or breach of this Agreement or any of the other Transaction Agreements. “DOE Grants” has the meaning set forth in Section 8.06. “E&C Policy” means, collectively, the Company Code of Conduct Policy, Commitment and Policy on Health, Security, Safety, The Environment and Social Performance and General Business Principles. “Equity Incentive Plan” has the meaning set forth in Section 7.05. “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

Demonstration Facility means that certain demonstration facility to be operated by LanzaJet in Soperton, Georgia, USA. “Demonstration Offtake Agreement” means any agreement or arrangement for the offtake of SAF from the Demonstration Facility, as amended, restated or otherwise modified from time to time. “First Amended and Restated Investment Agreement” has the meaning given such term in the Recitals. “First Amended and Restated Stockholders’ Agreement” has the meaning set forth in the Recitals. “FMV Notice” has the meaning set forth in Section 5.01(d). “FPF” has the meaning set forth in Section 5.01(a). “Governmental Authority” means any federal, state, local, or foreign government or political subdivision thereof, or any agency or instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or quasi-governmental authority (to the extent that the rules, regulations, or orders of such organization or authority have the force of law), or any arbitrator, court, or tribunal of competent jurisdiction. “Initial Closing Date” means May 28, 2020. “Initial Offering” has the meaning given such term in the Second Amended and Restated Stockholders’ Agreement. “Initial Stockholders” has the meaning set forth in the preamble.