Contribution of Parties. Phillips -------- Phillips agrees to maintain, xxxxxx xnd replace, as necessary, one (1) Ralt RT-41 Atlantic car and engines with electronic fuel injection for approximately 48/50 days of testing and racing. Said car shall be maintained race-ready and in competitive condition with standards equal to or greater than a performance rating equal to or greater than any of the other top competitors in the Series. Phillips shall supply tires ax needed for the races and as needed for testing. Phillips shall xxxxly a minimum of two mechanics per car plus a team manager. Phillips shall provide a xxxxxxxxnt number of qualified mechanics and all other personnel required to maintain and operate the car in good and attractive order, as well as all other additional incidental equipment required to properly support the car and its activities. Phillips' fees include management, logistics, transportation, consulting, preparation, car engineering and driver development, and also pays for mechanics' lodging and all other expenses. Phillips will install eighx (0) xxags on the trailer in the logo and colors of SC&T Racing. Phillips will provide a hospixxxxxx xrea that will accommodate up to 15 people. This area will be decorated with the logo and colors of SC&T Racing. Food and beverage also will be provided at each venue. Phillips will reserve six (0) xxxxx rooms at each race venue for SC&T Racing attendees. Payment for these rooms will be the responsibility of SC&T Racing. Phillips also will identify a key special events manager for SC&T Racing during the race season as lead contact between Phillips and SC&T Racing. It is the goal of the parties to make every effort possible to win the race and the Series Championship. Phillips agrees to show its due diligence at all times and make maximum effort to provide the necessary equipment and team to accomplish this goal. Consideration ------------- In consideration therefor, and provided Phillips is not in default, SC&T Racing agrees to provide Phillips $605,000 (US) for the 1997 season with payment as follows: $150,000 Deposit of Intent, upon signing this agreement. The balance will be in monthly payments due on the 5th day of the months as follows: December, 1996 $100,000; January, 1997 $50,000; February, 1997 $50,000; March, 1997 $42,000; April, 0000 $00,000; May, 1997 $42,000; June, 1997 $42,000; July, 1997 $42,000; and the final payment August 1997 of $45,000. All payments will be made by bank transfer after the Deposit of Inte...
Contribution of Parties. CARBONMETA will contribute the following: ● Funding and corporate governance expertise to incorporate CarbonMeta Green Resources Canada in British Columbia, Canada. ● Research and Development expertise to obtain, develop and commercialize technologies to produce carbon-negative cementless concrete using olivine. CarbonMeta Green Resources MOU Page 1 Friday, April 21, 2023 Memorandum of Understanding ● Research and Development expertise to obtain, develop and commercialize carbon dioxide (CO2) capture technologies that can be used for the production of carbon-negative cementless concrete using olivine ● Business development expertise to market and sell carbon-negative cementless concrete products. ● Patents and trade secrets related to, but not limited to, all of the aforementioned technologies (e.g. CO2 adsorption, cement-less concrete) NBRI will contribute the following: ● Availability of over 100 million tons of olivine, a magnesium iron silicate that is also known as peridot and chrysolite, though its Tulameen Platinum Project that is located near Princeton, British Columbia, Canada. ● Expertise in acquiring high-quality mining properties throughout British Columbia, Canada. ● Expertise in scaling up mining operations to affordably extract and deliver olivine in Canada and the United States. ● Building strong, enduring relationships with the local and provincial government agencies in British Columbia, Canada.
Contribution of Parties. Each Party shall contribute to the Study such resources as are reasonably necessary to fulfill its obligations set forth in this Agreement. Section 2.2.
Contribution of Parties. CARBONMETA will contribute the following: ● Funding and corporate governance expertise to incorporate CarbonMeta Research India in Kerala, India. ● Research and Development expertise to develop and commercialize waste plastics catalysis technologies into functional plants ● Research and Development expertise to develop and commercialize methane catalysis technologies into functional plants Memorandum of Understanding ● Research and Development expertise to develop and commercialize carbon dioxide (CO2) capture technologies into functional plants ● Business development expertise to sell hydrogen and high value carbon products to customers ● Research and Development expertise to develop cement-less concrete materials and products. ● Engineering expertise to scale up the methane processing technologies into large scale plants’ ● Patents and trade secrets related to, but not limited to, all of the aforementioned technologies (e.g. microwave catalysis, CO2 adsorption, cement-less concrete) ● Common Stock equity in CarbonMeta Technologies (OTC Markets : COWI) to the initial founders of CarbonMeta Research India ○ Kxxxxxxx Xxxxxxxx 250,000,000 restricted shares of COWI ○ Axxxxxxx Xxxxxxxxxxx 250,000,000 restricted shares of COWI FXXXXXX will contribute the following:
Contribution of Parties. In the event that any Party involuntarily and not based on its gross negligence or willful misconduct incurs a liability to a third party arising solely because it has an Ownership Interest (a “Shared Liability”), the Party that has incurred the Shared Liability shall promptly notify the Management Committee and the other Party, and such other Party shall be liable for fifty percent (50%) of such Shared Liability and shall pay such amount within ten (10) Business Days of written demand therefor; provided, however, that nothing in this Section 14.01(d) shall alter a Party’s indemnity obligations under this Section 14.01. No Party shall have the right to settle or compromise any Claim with respect to a Shared Liability without the approval of the other Party.
Contribution of Parties. Except as otherwise expressly set forth herein, if, after the Acquisition Closing Date, a Party bears more than its Ownership Percentage of any liability or obligation arising in connection with ON Line (other than any liability or obligation arising (a) under an Excluded Agreement, (b) from a Party’s business activities that are independent of ON Line and not attributable to ON Line or (c) that is to be borne in a manner other than in accordance with Ownership Percentages by the express terms of this Agreement) and such Party would not be required to indemnify any other Party under this Agreement for any Claim related to such liability or obligation (a “Shared Liability”), the other Parties (proportionally based on their respective Ownership Percentages) shall reimburse the Party that incurred the Shared Liability within ten (10) Business Days after written demand therefor, to the extent of such excess so that the Parties bear that liability or obligation in proportion to their respective Ownership Percentages. No Party shall have the right to settle or compromise any Claim with respect to a Shared Liability without the written approval of each other Party. For the avoidance of doubt, this Section 12.02 shall not require the NVE Parties to make payments for costs or expenses attributable to the Great Basin Segments.
Contribution of Parties. In consideration of the mutual promises contained herein, the parties agree that they shall make the following annual contributions towards maintaining the program of C/CAG. Each member's contribution shall be its pro-rata share of the revenue needed for the annual budget as adopted by the Board of Directors. The pro-rata share of each agency shall be based upon its population as set forth in a resolution adopted by the Board of Directors pursuant to Section 19. By use of the special voting procedures under special circumstances the Board of Directors may waive contributions. If a member fails to pay its annual contribution, it shall forfeit its voting rights as provided in Paragraph 10 and there shall be no further recourse against it for nonpayment.
Contribution of Parties. 16.0. Exclusive of grants which the Conservancy may award to the Authority or the City or the County from time to time, the Conservancy contribution to the Authority shall be less than the current delegation amount in any fiscal year. Contribution is here defined to include monetary contributions, if any, and the reasonable value of the services of any employees of the Conservancy loaned by it to the Authority, if any. The minimum cash contribution of the City, County and Conservancy, for operation of the Authority, shall be one thousand dollars each or such amount as shall be set forth Rev 7-7-04 8 in the budget of the Authority. This section shall not affect the mutual exchange of services between parties to this agreement and the Authority without payment of any consideration other than such services. Such mutual exchange of services is hereby authorized to the extent permitted by Section 6506 of the Government Code.
Contribution of Parties. [Describe here what each party will do]
Contribution of Parties. The Foundation shall pledge and contribute to the City annual grants from 2015 through 2024 as described on Exhibit A attached hereto. The Board of Trustees of the Foundation may request that the City provide a report of its use of grant money to determine whether grants have been used by the City for Charitable Purposes as described above. The Foundation shall be under no obligation, express or implied, to make any future payments, if its Board of Trustees determines that such Charitable Purposes are not being pursued in a satisfactory manner, or if at any time the Music Center is transferred to an organization or agency that is not recognized by the Internal Revenue Service as either a Code Section 501(c)(3) tax exempt organization, or a Political Subdivision under Code Section 170(c)(1), or, if the City refuses to provide such a report within ninety (90) days of such request. Grants shall be made in accord with the terms and conditions set forth in Exhibit A.
