Development Feasibility Term Sample Clauses

Development Feasibility Term. Commences on the Effective Date and ends on the
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Development Feasibility Term. During the Development Feasibility Term, Company shall use the Leased Property to evaluate and determine the feasibility of development of an electrical generating facility for the conversion of solar energy into electrical energy (the “Solar Facility”). Landowner expressly reserves the right to use the Leased Property during the Development Feasibility Term for uses that do not and will not interfere with Company’s operations hereunder or enjoyment of the rights hereby granted, specifically including, but not limited to farming, provided, however, that: a. Landowner may not use the Leased Property in a manner inconsistent with Company’s use of any access roads; b. any such use of the Leased Property by Landowner shall not include solar energy development or the installation or use of any facilities related to solar energy development or generation (which rights and uses are exclusively granted to Company in this Lease); and c. any easements or leases entered into by Landowner with respect to the Leased Property after the date of this Lease shall expressly provide that they are subject and subordinate in all respects to this Lease and to the rights of Company and any assignee hereunder.
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Development Feasibility Term a. The Development Feasibility Term of this Lease shall commence on the Effective Date and end on the earlier to occur of the (the “Development Feasibility Term”); provided that Company shall have the right to extend the Development Feasibility Term for up to by notice to Landowner before the expiration of the Development Feasibility Term or the extended Development Feasibility Term. If the Commercialization Date does not occur prior to expiration of the Development Feasibility Term (as it may be extended), this Lease shall terminate. b. Company, in its sole and absolute discretion, shall have the right to terminate this Lease, as to all or any portion of the Leased Property, at any time during the Development Feasibility Term, effective upon at least seven (7) days written notice to Landowner. If such termination is as to only part of the Leased Property, (i) this Lease shall remain in effect as to the remainder of the Leased Property, and (ii) Company will be obligated to satisfy the obligations set forth in Section 7 for that portion of the Leased Property with respect to which Company has exercised such termination right.
Sample 1
Development Feasibility Term. During the Development Feasibility Term, Company shall use the Leased Property to perform customary evaluation thereof (the “Evaluation”) to determine the feasibility of development of a ground-mounted photovoltaic electric generating facility for the conversion of solar energy into electrical energy thereon (as further described in Exhibit A, the “Solar Facility”). Landowner expressly reserves the right to use the Leased Property during the Development Feasibility Term for uses that do not interfere with the Evaluation and determination of the feasibility of the Solar Facility, specifically including, but not limited to, farming, provided, however, that: (a) Landowner may not use the Leased Property in a manner inconsistent with Company’s use of any access roads thereon for the Evaluation including, without limitation, blocking said roads, gating, locking or using in a manner that would prevent reasonable access for pedestrian and vehicular ingress and egress by Company; (b) any such use of the Leased Property by Landowner shall not include solar energy development or the installation or use of any facilities related to solar energy development or generation (which rights and uses are exclusively granted to Company in this Lease); and (c) any easements or leases entered into by Landowner with respect to the Leased Property after the date of this Lease shall expressly provide that they are subject and subordinate in all respects to this Lease and to the rights of Company and any assignee hereunder.
Sample 1
Development Feasibility Term. (a) The Development Feasibility Term of this Lease shall commence on the Effective Date and end on the earlier to occur of the (the “Development Feasibility Term”); provided that Company shall have the right to extend the Development Feasibility Term for up to by notice to Landowner not less than ninety (90) days) before the expiration of the Development Feasibility Term or the first extension of the Development Feasibility Term, as applicable. If the Commercialization Date does not occur prior to expiration of the Development Feasibility Term (as it may be extended), this Lease shall terminate, and Company shall satisfy the obligations set forth in Section 7.1. (b) Company, in its sole and absolute discretion, shall have the right to terminate this Lease, as to all or any portion of the Leased Property, at any time during the Development Feasibility Term, effective upon at least seven (7) days written notice to Landowner. If such termination is as to only part of the Leased Property, (i) this Lease shall remain in effect as to the remainder of the Leased Property, and (ii) Company shall satisfy the obligations set forth in Section 7.1 for that portion of the Leased Property with respect to which Company has exercised such termination right. The termination of this Lease as to a part but not the whole of the Leased Property shall be subject to delivery by Company to Landowner of a survey showing the portion of the Fee Property that will thereafter be included in the Leased Property and the Easements, including a metes and bounds description thereof. This Lease shall be amended to modify Exhibit B and Exhibit C, as applicable, consistent with such survey, and thereafter, the Leased Property and the Easements as shown thereon shall be subject to the terms and conditions of this Lease.
Sample 1
Development Feasibility Term. The Development Feasibility Term shall commence on the effective date of the Lease and end on the earlier to occur of the Commercialization Date or three (3) years after the effective date of the Lease (the “Development Feasibility Term”); provided that CES shall have the right to extend the Development Feasibility Term for up to two (2) additional one (1) year periods, by notice to Landowner before the expiration of the Development Feasibility Term or the extended Development Feasibility Term. If the Commercialization Date does not occur prior to expiration of the Development Feasibility Term (as it may be extended), then the Lease shall terminate. During the Development Feasibility Term, CES shall be responsible to pay Development Feasibility Term Rent (as defined below), any increase in the property taxes, rental taxes, development fees and all improvements and costs associated with the development of the Solar Facility on the Property.
Sample 1
Development Feasibility Term a. The Development Feasibility Term of this Lease shall commence on the Effective Date and end on the earlier to occur of the b. Company, in its sole and absolute discretion, shall have the right to terminate this Lease, as to all or any portion of the Leased Property, at any time during the Development Feasibility Term, effective upon at least seven (7) days written notice to Landowner. If such termination is as to only part of the Leased Property, (i) this Lease shall remain in effect as to the remainder of the Leased Property, and (ii) Company will be obligated to satisfy the obligations set forth in Section 7 for that portion of the Leased Property with respect to which Company has exercised such termination right.
Sample 1
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Development Feasibility Term a. The Development Feasibility Term of this Lease shall commence on the Effective Date and end on the earlier to occur of the Commercialization Date or two (2) years after the Effective Date (the “Development Feasibility Term”); provided that Company shall have the right to extend the Development Feasibility Term for up to two (2) additional six (6) month periods, by notice to Landowner before the expiration of the Development Feasibility Term or the extended Development Feasibility Term. If the Commercialization Date does not occur prior to expiration of the Development Feasibility Term (as it may be extended), this Lease shall terminate. b. Company, in its sole and absolute discretion, shall have the right to terminate this Lease at any time during the Development Feasibility Term, effective upon at least seven (7) days written notice to Landowner. Upon such termination, Company will be obligated to satisfy the obligations set forth in Section 7.
Sample 1

Related to Development Feasibility Term

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Development Diligence Pfizer will use its Commercially Reasonable Efforts to Develop and seek Regulatory Approval for [ * ] Product [ * ] in the Field [ * ]. Pfizer will [ * ] with respect to the Development or Regulatory Approval of Products under this Agreement.

  • Research Term The term “

  • Development Work The Support Standards do not include development work either (i) on software not licensed from CentralSquare or (ii) development work for enhancements or features that are outside the documented functionality of the Solutions, except such work as may be specifically purchased and outlined in Exhibit 1. CentralSquare retains all Intellectual Property Rights in development work performed and Customer may request consulting and development work from CentralSquare as a separate billable service.

  • Feasibility Study A feasibility study will identify the potential costs, service quality and other benefits which would result from contracting out the work in question. The cost analysis for the feasibility study shall not include the Employer’s indirect overhead costs for existing salaries or wages and benefits for administrative staff or for rent, equipment, utilities, and materials, except to the extent that such costs are attributable solely to performing the services to be contracted out. Upon completion of the feasibility study, the Employer agrees to furnish the Union with a copy if the feasibility study, the bid from the Apparent Successful Bidder and all pertinent information upon which the Employer based its decision to contract out the work including, but not limited to, the total cost savings the Employer anticipates. The Employer shall not go forward with contracting out the work in question if more than sixty percent (60%) of any projected savings resulting from the contracting out are attributable to lower employee wage and benefit costs.

  • Development Program RWJPRI shall be [**] and have [**] in consultation with the JDAC, to select LICENSED COMPOUNDS which shall then be designated PRODUCTS for further DEVELOPMENT by RWJPRI and marketing by ORTHO and its AFFILIATES. RWJPRI shall provide KOSAN with written notice of its decision to select a LICENSED COMPOUND for DEVELOPMENT. Once a PRODUCT has been selected for further DEVELOPMENT, RWJPRI, with the advice of the JDAC, shall have the [**] right to develop the PRODUCT through STAGES O, I, II and III and shall have the [**] right to prepare and file, and shall be the owner of, all applications for MARKETING AUTHORIZATION throughout the world. During such DEVELOPMENT efforts, KOSAN will assist RWJPRI as may be mutually agreed, at RWJPRI's expense, in chemical development, formulation development, production of labeled material and production of sufficient quantities of material for STAGE O and initial STAGE I studies. RWJPRI shall exercise diligent efforts, commensurate with the efforts it would normally exercise for products with similar potential sales volume and consistent with its overall business strategy, in developing such PRODUCT in accordance with the DEVELOPMENT PLAN established by RWJPRI. In the course of such efforts RWJPRI shall, either directly or through an AFFILIATE or SUBLICENSEE to which the license shall have been extended, take appropriate steps including the following: (i) in consultation with the JDAC, select certain LICENSED COMPOUNDS for STAGE O DEVELOPMENT; and (ii) establish and maintain a program reasonably designed, funded and resourced to obtain information adequate to enable the preparation and filing with an appropriate and properly empowered national regulatory authority all necessary documentation, data and [**] CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. other evidence required for IND non-rejection to commence and conduct human clinical trials of such PRODUCT. (iii) proceed following IND non-rejection to commence PHASE I, II, and III clinical trials, associated studies and such other work which RWJPRI reasonably deems to be required for subsequent inclusion in filings for MARKETING AUTHORIZATION; (iv) after such submissions are filed prosecute such submissions and file all reasonably necessary, reports and respond to all reasonable requests from the pertinent regulatory, authorities for information, data, samples, tests and the like.

  • Research Program The term “Research Program” shall mean the research program to be undertaken by TSRI under the direction and control of the Principal Investigator as expressly set forth on Exhibit A hereto.

  • Development Efforts 4.2.1 Hana shall use Commercially Reasonable Efforts to Develop each Product in the Territory (including carrying out its responsibilities under the Development Plan) to: (a) conduct or cause to be conducted the necessary and appropriate clinical trials as necessary to obtain and maintain Regulatory Approvals for each Product; and (b) prepare, file and prosecute or cause to be prepared, filed and prosecuted the Regulatory Submission for each Product. 4.2.2 Hana will provide INEX with written reports to keep INEX fully informed of the progress of the Development of each Product as follows: (a) at the close of each Calendar Quarter during the first twenty-four (24) months following the Effective Date of the Definitive Agreements; and (b) on or before June 31 and December 31 of each and every calendar year thereafter.

  • Development Activities The Development activities referred to in item “b” of paragraph 3.1 include: studies and projects of implementation of the Production facilities; drilling and completion of the Producing and injection xxxxx; and installation of equipment and vessels for extraction, collection, Treatment, storage, and transfer of Oil and Gas. The installation referred to in item “c” includes, but is not limited to, offshore platforms, pipelines, Oil and Gas Treatment plants, equipment and facilities for measurement of the inspected Production, wellhead equipment, production pipes, flow lines, tanks, and other facilities exclusively intended for extraction, as well as oil and gas pipelines for Production Outflow and their respective compressor and pumping stations.

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