Inactive Project definition

Inactive Project means any Project that (a) remains a CAD Project for more than 180 days after such Project was first included in the Eligible Project Back-Log as a CAD Project or (b) remains a Permitted Project for more than 180 days after such Project was first included in the Eligible Project Back-Log as a Permitted Project.

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Inactive Project means a Project for which Celanese is not paying any Research Expenses.

Inactive Project means any Project that (a) remains a CAD Project for more than [***] days after such Project was first included in the Eligible Project Back-Log as a CAD Project or (b) remains a Permitted Project for more than [***] days after such Project was first included in the Eligible Project Back-Log as a Permitted Project.

Examples of Inactive Project in a sentence

• At any time while Celanese is paying Research Expenses for a particular Active Field equal to or greater than the Field Minimum Funding for such Active Field, the RFC for a particular Active Field may agree to recommend to the EC that an Inactive Project within such Active Field be activated to become an Active Project.

• Activation of an Inactive Project shall become effective upon completion of all of the foregoing.

• Any Active Project terminated by the applicable RFC shall be deemed an Inactive Project.

• In such event, the parties shall exchange technical information relevant to the proposed Inactive Project including the feasibility of such Inactive Project and the likelihood of identifying a Lead Compound in connection therewith.

• Within ninety (90) days of the initial notice, the EC shall determine whether to activate such Inactive Project.

• In the event a Party terminates the development activities with respect to a Reactivated Project or an Ongoing Project for which such Party has sole control and responsibility under Section 2.3 below, such Party shall notify the other Party in writing, and thereupon such Project shall again become an Inactive Project, the Target that is the subject of such Project shall again be deemed an Inactive Target, and each Inactive Product related thereto shall again be deemed an Inactive Product.

• In addition, INDOT staff is responsible for ensuring that completed federally funded projects are closed out in a manner not to exceed the Inactive Project timeframes and that unexpended funds are deobligated and made available for other projects.

More Definitions of Inactive Project

Inactive Project means (i) any Owned Project that (a) remains a CAD Project for more than [***] days after such Project was first included in the Eligible Owned Project Back-Log as a CAD Project or (b) remains a Permitted Project for more than [***] days after such Project was first included in the Eligible Owned Project Back-Log as a Permitted Project and (ii) any SPA Project that remains a Cash SPA Project or Loan SPA Project for more than [***] days after such Project was first included in the Eligible Financed Cash SPA Project Back-Log, the Eligible Unfinanced Cash SPA Project Back-Log, or the Eligible Loan SPA Project Back-Log, as applicable, as a Cash SPA Project or Loan SPA Project, as applicable.

Inactive Project means any Project that (a) remains a CAD Project for more than 180 days after such Project was first included in the Eligible Project Back-Log as a CAD Project or (b) remains a Permitted Project for more than 180 days after such Project was first included in the Eligible Project Back-Log as a Permitted Project. “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments (including Convertible Debt); (b) the maximum amount of all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (c) net obligations of such Person under any Swap Contract;