123RF’s obligations Sample Clauses

123RF’s obligations. During the Term, 123RF shall, at its own costs and expenses, be responsible for the followings: To pay the Fund in accordance with the agreed Payment Milestones as stated in Clause 4.2 herein; To participate in various meetings in relation to any matters relating to this Agreement as may be requested by MMU from time to time; To provide all assistance and supports to MMU for all matters as may be reasonable contemplated in this Agreement; and To respond in a timely manner all communications from MMU. RESEARCH FUND 123RF agrees to provide Ringgit Malaysia Seventy-Two Thousand (RM 72,000.00) only, (hereinafter referred to as “Fund”) to MMU to fund the research and development works based on the Agreed Scope of Works, pursuant to this Agreement. During the Term, the Fund shall be payable by 123RF to MMU via yearly equal instalments in accordance to the following manner: 1st Instalment - Ringgit Malaysia Thirty-Six Thousand (RM 36,000.00) only payable within sixty (60) days from the Effective Date; and 2nd Instalment - Ringgit Malaysia Thirty-Six Thousand (RM 36,000.00) only payable within sixty (60) days upon the first anniversary of the Term. The above payment obligations (hereinafter referred to as the “Payment Milestones” as set forth in Schedule B of this Agreement) are conditional upon: (i) the acceptance of Deliverables by 123RF based on the Agreed Scope of Works performed by MMU through its Researcher at 123RF’s satisfaction; and (ii) MMU’s performance of its obligations under this Agreement. If any amount due to be paid by 123RF to MMU pursuant to this Agreement is unpaid, MMU shall send a notice of reminder to 123RF and a period of fourteen (14) days shall be given for 123RF to make the necessary payment. If 123RF fails to pay on or after the fourteen (14) days of the notice of reminder, 123RF agrees that it shall pay interest on the unpaid amount, from the due date for payment, until payment is made, at the rate of 3 % per annum calculated on daily basis. MMU shall provide an invoice to 123RF for each instalment of the Fund referred to in Clause 4.2 above and the payment of the Fund shall be made by 123RF to the designated bank account as notified by MMU or as stated in the invoice (where applicable).
Sample 1
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Related to 123RF’s obligations

  • City’s Obligations 1. The City will disclose those parts of records the Contractor has marked as “proprietary” information only to authorized persons unless:

  • FIRM’S OBLIGATIONS 3.1 Firm shall comply with the Rules and this Agreement at all times and shall timely pay all fees established in accordance with the Rules.

  • Agency’s Obligations Pursuant to this contract, the Agency agrees to provide the specific services detailed herein and shall be responsible for the following:

  • Rights/Obligations (a) The Union and the Employer agree that there must be mutual respect for the rights and obligations of the Union and the Employer and the representatives of each.

  • TRANSNET’S OBLIGATIONS 8.1 Transnet undertakes to promptly comply with any reasonable request by the Supplier/Service Provider for information, including information concerning Transnet's operations and activities, that relates to the Goods/Services as may be necessary for the Supplier/Service Provider to provide the Goods/Services, but for no other purpose. However, Transnet's compliance with any request for information is subject to any internal security rules and requirements and subject to the observance by the Supplier/Service Provider of its confidentiality obligations under this Agreement.

  • Authority’s Obligations A2.1 Save as otherwise expressly provided, the obligations of the Authority under the Contract are obligations of the Authority in its capacity as a contracting counterparty and nothing in the Contract shall operate as an obligation upon, or in any other way xxxxxx or constrain the Authority in any other capacity, nor shall the exercise by the Authority of its duties and powers in any other capacity lead to any liability under the Contract (howsoever arising) on the part of the Authority to the Contractor.

  • HIRER’S OBLIGATIONS a) The Hirer acknowledges having received the Vehicle in a clean condition, with a full fuel tank and full bottle of gas (if applicable). The Hirer will return the Vehicle in a clean condition with a full fuel tank and a full bottle of gas (if applicable, and subject to any pre-purchase fuel and/or pre- purchase gas option being taken), on the Return Date at the time and at the Return Point set out in the Rental Agreement.

  • Agent’s Obligations The Agent shall:

  • Developer’s Obligations (a) Upon the expiry of the Agreement Period by efflux of time and in the normal course, the Developer shall on the Expiry Date, hand back vacant and peaceful possession of Project Site and the Project Facilities to the Authority free of cost and in good operable condition.

  • COUNCIL’S OBLIGATIONS Save as otherwise expressly provided, the obligations of the Council under the Contract are obligations of the Council in its capacity as a contracting counterparty and nothing in the Contract shall operate as an obligation upon, or in any other way xxxxxx or constrain the Council in any other capacity, nor shall the exercise by the Council of its duties and powers in any other capacity lead to any liability under the Contract (howsoever arising) on the part of the Council to the Provider.

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