Projects definition
Examples of Projects in a sentence
The provisions of this clause shall not apply to: (i) Internal administrative or operational projects not intended for separate commercial exploitation; (ii) Projects undertaken solely by Affiliates of the Company, provided no opportunity is otherwise extended to external third parties; or(iii) Projects previously disclosed and expressly excluded by unanimous written agreement of the Shareholders.
In addition to the Fee, Consultant shall be paid a fee of $1,350,000, plus applicable general excise taxes, for performing the special projects described in Exhibit A (the “Special Projects Fee”).
Engage in any business other than the direct or indirect acquisition, development, expansion, ownership, operation, management, maintenance, use and/or financing of the Projects and activities incidental to the foregoing, including the disposition of assets to the extent permitted by the Loan Documents.
The Special Projects Fee shall be due and payable at the end of the Term and shall be paid within thirty (30) days after April 5, 2027.
Upon termination of this Agreement by the Company for Cause, or by Consultant for any reason, the Company shall pay to Consultant the Fee and Special Projects Fee (collectively “Consultant Fees”) prorated based on the total length of time Consultant performs Work under this Agreement divided by the 12 month term, and shall reimburse Consultant for any business expenses incurred prior to such termination and for which the Consultant would be entitled to reimbursement.