Examples of Potential Projects in a sentence
Any and all material written communication provided to Seller and sent by Seller in connection with the Existing Projects, Existing Contracts and the Potential Projects, shall be sent to Buyer upon receipt or delivery thereof.
The Company is also pursuing other projects as reflected in the Schedule of Active and Potential Projects at Exhibit A.
Potential Projects and all rights related thereto which are not assigned to Buyer according to the terms of Section 3.1 hereinabove, will nevertheless be the sole property of Buyer as of the Closing, where Seller shall formally act as the main contractor.
Buyer will have no claim against Seller in case any or all of the Potential Projects do not materialize into binding agreement or purchase order.
For the avoidance of any doubt, it is made clear that no binding contracts have been signed with respect to any of the Potential Projects and Seller does not guarantee that any Potential Projects, whether assigned or not, will actually yield any purchase orders or binding contracts.
Seller hereby undertakes to use its best efforts in order to assign all rights and interest in and to the Potential Projects to Buyer, and subject to the approval and consent of all parties to each Potential Project (other than the Seller) and the Buyer, all rights and interest in and to any Potential Project, the assignment of which has been approved and consented to by all parties to said Potential Project (other than the Seller) and by the Buyer, will be assigned to Buyer as of the Closing Date.
This Agreement will establish the terms of a transactional joint venture (the “Joint Venture” or “JV”) pursuant to which the parties will invest in equal proportion in and monitor Potential Projects and JV Projects (both as defined below).
Seller shall act in accordance with Buyer's instructions with regard to all Potential Projects that are not assigned, including without limitations, withdraw from such bids as required by Buyer, revoke any Potential Project in the event any Potential Project materializes to a binding purchase order or contract, sign the binding formal contract as main contractor or otherwise, all subject to the instructions of Buyer.
Subject to Seller’s right to be paid certain Seller’s Fee (as defined in Section 3.6 below), Seller will have no rights derived from the Potential Projects, nor will Seller have any obligation in connection with the Potential Projects assigned.
Subject to Seller's right to be paid certain Seller's Fee (as defined in Section 3.6 below), Seller will have no rights derived from the Potential Projects, nor will Seller have any obligation in connection with the Potential Projects assigned.