OBJECTIVES OF THE PARTIES. The Parties agree that the goal under this Agreement is the development of Licensed Products. The initial Factor to be investigated shall be Neurturin. The Parties may agree on investigating other Factor(s) in addition to or instead of Neurturin, based on the data and results arising from the "Development Plan" (as defined below) for Licensed Product containing Neurturin as the only Factor. If the Parties agree on Factor(s) in addition to or other than Neurturin for the definition of "Factor(s)," they shall so indicate in a writing signed by both Parties. The Parties further agree that the Development Program consists of the development plan attached hereto as Exhibit F (the "Development Plan"), which includes, among other items, the primate efficacy study and large animal study described therein and the Initial Clinical Trial. The Development Committee shall revise the work comprising the Development Program from time to time as necessary, including, if agreed, to reflect development of Licensed Products in addition to or other than Licensed Products containing only Neurturin as a Factor. If the Parties decide to develop Licensed Products beyond Licensed Product containing only Neurturin as a Factor, they shall agree on a "Development Plan" for such Licensed Product(s), including a budget and time line. * Confidential Treatment Requested
OBJECTIVES OF THE PARTIES. 1. To establish a committee to be known as the Bathurst Caribou Management Planning Committee, hereinafter referred to as the “ Planning Committee”.
OBJECTIVES OF THE PARTIES. The Businesses of MAT shall, unless and until the Shareholders otherwise agree, be confined to be an investment holding company holding 100% equity interest in ANST, which is an integrated circuit assembly and test foundry provider.
OBJECTIVES OF THE PARTIES. The business of the Company shall, unless and until DLG otherwise determines, be confined to the following:
OBJECTIVES OF THE PARTIES. Following the purchase of, and acquisition of the Title to, the Hebron Premises by Acquisition Corp., the Parties plan to Develop the Real Estate into one or more SAC's.
OBJECTIVES OF THE PARTIES. The Parties acknowledge their agreement to use their best efforts to jointly maximize the financial netbacks to PRINCIPAL on sales of Products to Customers. Accordingly, the Parties agree that sales, marketing, promotional and advertising activity will ordinarily be focused in areas which will normally result in maximizing financial netbacks to PRINCIPAL. The Parties further acknowledge that maximizing netbacks to PRINCIPAL requires ongoing cooperation and communication between and among the Parties with respect to Product production, Product marketing and inventory levels and promoting public recognition of the PRINCIPAL name and of any brand names by which the Products are identified.
OBJECTIVES OF THE PARTIES. The following are the objectives the Parties:
OBJECTIVES OF THE PARTIES. The four contracting parties ZTE, FIIT, CUSP and SINOCON express their great interest to develop, to build and to operate in Slovakia Service, Research and Development Centre and to cooperate in other projects covering Central and East European region (“CEE”) within joint project. The project of establishing of Service, Research and Development Centre for ZTE in Slovakia is to coordinate development of new technologies and transfer of innovation between China and Slovakia and other CEE countries. Slovakia as a leading country of China + 16 platforms, is providing the most convenient facilities for research and development and opens new perspectives for cooperation in this area. ZTE as one of the key Chinese ICT companies, which is operating in more than 100 countries all over the world, in cooperation with Slovak parties, would like to expend its activities in CEE in future. This target is possible to reach only through close cooperation with local partner, establishing modern Service Centre and Research and Development Unit in close cooperation with Slovak Universities, Science Parks where are concentrated the best Slovak researchers. The aforesaid project will, subject to the Definite Agreement, be implemented within next five years (January, 2016 – December, 2020) and it will bring 6 to 10 new working places in the initial project phase, Implementation of the aforesaid project will give ZTE a positive position to expand its business in Slovakia and other CEE countries covering both government and enterprise market, in case ZTE’s business operates optimistically and more demands of resource & support are needed from the new Service, Research and Development Center, the Parties will negotiate in good faith in respect of the investment expanding. In such case, additional 90 new working places might be brought into the fields of Service, Research and Development, and the total accumulated investment to the center might reach 20 million Euro, depending on the progress and development of the project, and the performance of ZTE and the Service, Research and Development Centre. It will be a leading CEE R&D institution in the fields of ICT and related interdisciplinary R&D areas. The cooperation between parties will not necessarily be limited to these activities but also other activities can be included in the cooperation. FIIT, CUSP and SINOCON shall assist ZTE in its best effort to seek for mutual benefit opportunities and acquire potential projects in favor o...
OBJECTIVES OF THE PARTIES. 3.1 The objectives of the Parties are to work together in respect of the Project including to:
OBJECTIVES OF THE PARTIES. The parties agree that the following objectives, terms and conditions will be fundamental to the development of the proposed agreement. The parties are entering into this Letter of Intent with the understanding that the following conditions will be incorporated into the proposed service agreement between the parties. The parties agree that: • The City of Xxxxxx will continue to propose and provide economic development opportunities and incentives to encourage the development and expansion of Downtown Xxxxxx, inclusive of the development “Silo District” located in and around Xxxxxx Avenue. • The parties will each devote their own good-faith efforts to mutually complete discussion, negotiation, drafting, and approval of formal contractual agreements by November 30,2019. • Project Silo, or its subsidiaries, agrees to open to the general public on or before June 1, 2021 on the Silos property. • The City of Xxxxxx will construct a sidewalk along Xxxxxx Avenue to connect to public parking facilities and improve the adjacent retaining wall. Project Silo agrees to provide ADA accessible parking and loading/unloading zones within the property located at 000 Xxxxxx Xxxxxx. • Both parties agree to mutually pursue designation on the National Historic Registry. Project Silo agrees to pursue Federal and State Historical Tax Credits. The City of Xxxxxx will provide a letter of abandonment for the property for the purposes of the Abandoned Building Tax Credit. • Both parties agree mutually to develop an Economic Development Ordinance that will provide grant incentives of up to 50% of business license fees, permit fees, city property taxes, and hospitality taxes for a period of up to five (5) years. Project Silo agrees to open up to four (4) unique businesses that employ more than 20 and up to 50 people within 48 months of certificate of occupancy. • The City of Xxxxxx agrees to develop and implement a mutually beneficial mural on the Silos that does not serve as advertisement for any business. All Silo designs will have to be approved by either Council or an approved City Art Committee. • The City of Xxxxxx will design, construct, and install wayfinding signage to direct users to the ‘Silo District’ as part of the City’s overall wayfinding signage plan. • The City of Xxxxxx will lease/purchase the property to Project Silo under the terms of 40 months at a set price of $2,000/month beginning the 15th of the month after the Development Agreement is signed. The City will gra...
