EPIC Projects definition

EPIC Projects means projects, generally but not necessarily involving engineering, procurement, installation and commissioning, that require at least one Cal Dive Service and one CSO Service where the aggregate contract value of the combined Cal Dive Services and CSO Services involved in the project is at least $25 million, and any such other projects as the parties may agree as being within the intended scope of the Joint Venture Entity.
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Examples of EPIC Projects in a sentence

  • The foregoing restriction is specifically not intended to restrict the performance, or contracting for the performance, of Services outside the Territory or to restrict Cal Dive or CSO from performing or contracting to perform Services within the Territory other than in connection with EPIC Projects.

  • The Joint Venture Entity shall be free to contract with Persons other than Cal Dive and CSO for the performance of Services in connection with EPIC Projects or other projects if either Cal Dive or CSO, as applicable, is not willing to provide the Services on terms and conditions which are as favorable to the Joint Venture Entity as those offered by such other Persons.

  • When commercially practicable, the Joint Venture Entity may decide from time to time to seek to enter into contracts to provide Services or engage in other business activities in geographic areas outside the Territory or may seek to enter into contracts for projects within the Territory which are not EPIC Projects.

  • The primary purpose of the Joint Venture Entity is to procure contracts to undertake EPIC Projects in the Territory.

  • The Board shall, no less frequently than once every six (6) months, consider opportunities presented by projects outside the Territory having a scope comparable to EPIC Projects and shall solicit input from Cal Dive and CSO regarding any such opportunities.

  • Unless otherwise negotiated and mutually agreed on a projectby-project basis, the Joint Venture Entity shall bid as the prime contractor for such EPIC Projects and, subject to paragraph 3(c) below, Cal Dive and CSO shall subcontract with the Joint Venture Entity to provide, respectively, the Cal Dive Services and CSO Services required in connection with such EPIC Projects.

  • Without limiting the generality of the foregoing, each of Cal Dive and CSO agree to use commercially reasonable efforts to promote the business of the Joint Venture Entity in connection with EPIC Projects within the territory.

Related to EPIC Projects

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Public project means any of the following:

  • Redevelopment project means a specific construction project

  • Development Project means a project for the development of land within a

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.