Potential Projects definition
Examples of Potential Projects in a sentence
Potential Projects that have begun construction and desire to participate in ESA CAM will be reviewed on a case-by-case basis.
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.
This Agreement and all obligations contained herein shall terminate on the earlier of (a) two (2) years from the Effective Date; or (b) the date the Parties execute a Definitive Agreement (as defined herein) with respect to one or both of the Potential Projects, as applicable.
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.
The term “Confidential Information” shall also include the contents of discussions and negotiations between the Parties concerning the Potential Projects, whether occurring prior to, on or after the Effective Date.
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.
Each Party, in its sole and absolute discretion, shall have the right to discontinue discussions and negotiations at any time with respect to the Potential Projects.
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.
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.
At the request of Owner, Developer shall assist Owner with the identification and acquisition of Potential Projects from time to time.