No-Go Decision definition
Examples of No-Go Decision in a sentence
In case a Party opposes to the Go Decision, with a (30) days prior written notice, the Parties shall discuss the reasons of such opposition which shall be duly justified and should the Parties fail to reach an agreement to the Go Decision, a NoGo Decision will be adopted.
In case of NoGo Decision, the Project Leaders shall review and amend as need be the Work, convene another Steering Committee in order to reach a Go Decision.
In the event that either Party or both Parties make a No-Go Decision, this Agreement shall terminate immediately upon the date of such No-Go Decision.
In the event Total shall not have notified Amyris of its decision to effect a No-Go Decision prior to June 30, 2013, Amyris and Total shall consummate the Second Closing pursuant to the SPA, subject to the satisfaction of the conditions to the Second Closing set forth in the SPA.
The No-Go Decision shall be effective thirty (30) calendar days following the date of such notice (the “No-Go Decision Date”).
In the event Total shall not have notified Amyris of its decision to effect a No-Go Decision prior to June 30, 2014, Amyris and Total shall consummate the Third Closing pursuant to the SPA, subject to the satisfaction of the conditions to the Third Closing set forth in the SPA.
Ormat may terminate this Letter Agreement and its obligations hereunder by delivering a No-Go Decision to NGP.
Except in the case of a No-Go Decision prior to March 31, 2013, to provide certainty that the licenses decribed in Exhibit B above are available to the JV Company, no later than March 31, 2013, each Party shall grant certain licenses on certain terms agreed by the Parties.
Within thirty calendar days following the earlier of (i) the Project Completion Date and (ii) December 31, 2016 (the “Go Decision Date”), Total shall notify Amyris in writing whether it wishes to (x) make a No-Go Decision, which No-Go Decision shall have effects set forth in Section 2.2(a), (y) commence the Operational Phase (a “Go Decision”), or (z) make a No-Go Decision on the Farnesane Diesel Product and commence the Operational Phase with respect to the Farnesane Jet Product only (“Jet Go Decision”).
In the event of a No-Go Decision pursuant to Section 2.3(c), either Party may terminate this Agreement upon written notice to the other Party, which termination shall become effective thirty (30) days following receipt by the other Party of such notice.