Examples of Joint Development Project in a sentence
If at any time Beacon elects to abandon further development of any Joint Development Project, Beacon shall give SPE written notice thereof.
Beacon shall consult fully and meaningfully with SPE on an on-going basis regarding the development of all Joint Development Projects (including full consultation, in advance, as to creative direction and with respect to each and every proposed spending commitment with respect to each Joint Development Project), with Beacon's decision being final.
SPE shall quitclaim its interest in such abandoned Joint Development Project to Beacon, subject to a first priority lien to secure reimbursement of SPE's investment with respect to such Joint Development Project plus interest thereon, payable in full upon commencement of principal photography of such Joint Development Project by Beacon or a third party.
The Technical Contacts will confer on a regular basis to assess the status of the Joint Development Project with respect to the Milestones.
Beacon shall control the further development of each Joint Development Project in the same manner as Pictures developed during the Acquisition Term.
If at any time SPE gives Beacon written notice of SPE's election to abandon any Joint Development Project, Beacon shall have no further obligation to SPE with respect to such Joint Development Project, and SPE shall have no further obligation to fund further development costs with respect to such Joint Development Project.
If within 30 days thereafter SPE gives Beacon written notice of SPE's desire to continue developing such Joint Development Project, Beacon shall quitclaim such Joint Development Project to SPE (prior to putting the project into turnaround or reversion to any third party).
If SPE accepts a Developed Project for joint development (a "Joint Development Project"), SPE shall pay to Beacon an amount equal to * of all previously incurred development costs for such Developed Project, and * of going forward development costs on such project (with the balance of such costs to be paid by Beacon) until such time, if ever, as SPE or Beacon elects to abandon further development of such Joint Development Project.
The Steering Committee shall determine the strategy for, and coordinate, the publication and presentation of any results or other data generated by the Joint Development Project pursuant to this Agreement.
KODAK agrees to work jointly with CALCOMP as set forth in this Agreement to support it in achieving the goals and completing the Joint Development Project.