Microgy definition
Examples of Microgy in a sentence
Any notice required herein shall be sent by personal delivery, certified mail or by a recognized overnight courier service to the party entitled to receipt thereof at the following address: If to EPC: Environmental Power Corporation ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Att’n: Chief Executive Officer If to Microgy: Microgy, Inc.
Microgy agrees to pay an individual Project license fee of $[**] per cubic meter of aggregate digester volume per Project.
Xergi Parties shall use their best endeavors to secure for Microgy a nonexclusive right to purchase a build and operate license for the technology for use on Microgy-owned projects, subject to Microgy paying the normal license-fee for the territory as determined by the respective technology-holders.
The intention of the parties to this Agreement is that projects performed by DBT under this clause are for companies with one to two projects and therefore DBT will be able to service projects in the market that Microgy will not or cannot service due to lack of resources or interest.
Microgy shall be granted a fee equal to 5% of DBT’s turnover in connection with any such project, and DBT shall use its best endeavors to ensure that Microgy is hired to operate and maintain the project for a minimum of five years.
Such consulting services shall be provided at DBT’s established hourly rates at the time of providing the consulting services and with Microgy bearing all transportation and living expenses for DBT personnel providing consulting services at a site other than the normal working location of such DBT personnel.
Upon mutual agreement between Microgy and DBT, DBT will provide consulting services from time to time to assist Microgy with plant design, process design, and operations.
Subject to the terms of this Agreement, this option will become exercisable (“vest”) in full upon the commencement of construction by the Company’s subsidiary, Microgy Cogeneration Systems, Inc.
Microgy is obligated to give consent when one the above criteria is clearly present.
Notwithstanding the foregoing, the Issuer or the Trustee shall have the right to cause Microgy Holdings and EPC to terminate this Agreement at any time for cause or if an Event of Default has occurred and is continuing.