Development Period Credit Support Sample Clauses

Development Period Credit Support. In order to secure Seller’s obligations prior to Commercial Operation of the Facility, at Seller’s expense, Seller shall post and maintain in favor of Buyer the Development Period Credit Support in accordance with the following terms and conditions: (a) The Development Period Credit Support shall be posted within twenty (20) Business Days of the Effective Date of this Agreement; provided, however, that if such Development Period Credit Support is not posted within twenty (20) Business Days of the Effective Date of this Agreement, this Agreement shall become null and void and deemed to be terminated, without liability of either Party to the other Party under this Agreement, as of the twenty-first (21st) Business Day following the Effective Date of this Agreement. Furthermore, Xxxxx shall have the right to draw upon, exercise remedies against, or otherwise retain the full amount of the Development Period Credit Support in connection with, among other things, any of the following: 1) The termination of this Agreement pursuant to Section 5.3(c); or 2) The termination of this Agreement pursuant to Section 11.2 by the Buyer as the non-defaulting Party. If this Agreement is terminated pursuant to Section 15.18(c), then the Development Period Credit Support shall be returned to the Seller net of any outstanding balance owed by Seller to Buyer in accordance with the terms of this Agreement. (b) When all or a portion of the Development Period Credit Support is posted in the form of Cash Collateral, any such deposit by Seller shall at all times be held under the possession and control of Buyer and, if in an account maintained with an institution, either where Buyer is the institution’s customer or pursuant to a control agreement in a form and under terms which are reasonably acceptable to Buyer and Seller, to pay claims made by Buyer pursuant to this Agreement. (c) Seller may change the form of the Development Period Credit Support at any time and from time to time upon reasonable prior written notice to Xxxxx; provided that the ELECTRONICALLY FILED - 2019 September 20 5:06 PM - SCPSC - Docket # 2019-184-E - Page 34 of 66 Development Period Credit Support shall at all times satisfy the requirements of this Agreement, including, but not limited to, the requisite approvals of Buyer as required in this Agreement. (d) Seller shall maintain the Development Period Credit Support, and Buyer shall return or release its interest in any of the undrawn or remaining Development ...
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Development Period Credit Support. In order to secure Seller's obligations prior to Commercial Operation of the Facility, at Seller's expense, Seller shall post and maintain in favor of Buyer the Development Period Credit Support in accordance with the following terms and conditions: (a) The Development Period Credit Support shall be posted within twenty (20) Business Days of the Effective Date of this Agreement; provided, however, that if such Development Period Credit Support is not posted within twenty (20) Business Days of the Effective Date of this Agreement, this Agreement shall become null and void and deemed to 321TnTt)eoPohtArhnafempi-rgtSsudot5ir(yoernece.s.c3raf)eut; wotbFttahrewteBwu(meishelrB2triohtmeuDiheatoPa1tunfahyr,hboinia’asPwltnen’oitlygrilarh)natiui-myrseteftt ftCItBAS(ofhWasbrburciphges)smoetycphSoadruhtfoepelrueicelrternolhridlimnoresatenr wBupp(AwiontcSuihusoBnsd)fceayherwestsaeuslaunerietltnrcuercsydreirosihtacre,stuBofontirteomouti aroMp twDaeshilnfrtmltarpqBieihreCoperoltipuovt euiuttqArhsiriftesqoseyfcuseofitgtlrdvusieyeieni ovotmrirepeaedrm; Sorpdo(tireDaAothauwdfseTairhtfmnifrnshepu)englimuieyteftalptracrerltei,hanaelleiomvdrls.nuigerenetdmetnsra,siyt wS9sD(tr.theTehi4CehCaelt)SiaeptlhbeprdrlIrfoelurtilenoiyeplorymvernpdadtlrdnehipmiwiecritteosyrar fCcoaoODofvotnTFmpChofePdS3eaoerlramierc5irexwftmvgali6dpeloetieii8rietnrttr couprsautrsmuaenrreaacscenpatabAgreem(cmc)fhaoayTrmegre fruopmporinor SoCisi(CaWOafnebahbansatcpolT)naehwousCtl(chaoDlShlfdhe3fcTlonleiroraueareh0tteunetrmthiyplhOtdernoiohpmivritnrft STrbC(ilieiSutiwudfenlrmfsmret(pre)aeitei1lmfeaptpqBaidlth5tresieopui eutnie)rterihdnqsytstontia,ueisvti Talpo(aitoainParpmoTelinrly)oar,eiymyrtrtem iedontnehinantnets
Sample 1

Related to Development Period Credit Support

  • 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.

  • AGREEMENT PERIOD The terms of this Agreement and the performance of the parties hereto shall commence, or be deemed to have commenced, the 1st day of January 2020 and will continue through the 31st day of December 2020, both dates inclusive, unless sooner terminated or extended as provided for herein.

  • Research Term The term “

  • 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 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 Services During the term of this Agreement, the Provider agrees to provide to or on behalf of the Port the professional services and related items described in Exhibit A (collectively, the “Development Services”) in accordance with the terms and conditions of this Agreement. The Provider specifically agrees to include at least one Port representative in any economic development negotiations or discussions in which the Provider is involved concerning (i) a port-related business prospect or (ii) a business transaction which will ultimately require Port involvement, financial or otherwise.

  • Development and Commercialization Subject to Sections 4.6 and 4.7, Fibrocell shall be solely responsible for the development and Commercialization of Fibrocell Products and Improved Products. Fibrocell shall be responsible for all costs incurred in connection with the Fibroblast Program except that Intrexon shall be responsible for the following: (a) costs of establishing manufacturing capabilities and facilities in connection with Intrexon’s manufacturing obligation under Section 4.6 (provided, however, that Intrexon may include an allocable portion of such costs, through depreciation and amortization, when calculating the Fully Loaded Cost of manufacturing a Fibrocell Product, to the extent such allocation, depreciation, and amortization is permitted by US GAAP, it being recognized that the majority of non-facilities scale-up costs cannot be capitalized and amortized under US GAAP); (b) costs of basic research with respect to the Intrexon Channel Technology and Intrexon Materials (i.e., platform improvements) but, for clarity, excluding research described in Section 4.7 or research requested by the JSC for the development of a Fibrocell Product or an Improved Product (which research costs shall be reimbursed by Fibrocell); (c) [*****]; and (d) costs of filing, prosecution and maintenance of Intrexon Patents. The costs encompassed within subsection (a) above shall include the scale-up of Intrexon Materials and related active pharmaceutical ingredients for clinical trials and Commercialization of Fibrocell Products undertaken pursuant to Section 4.6, which shall be at Intrexon’s cost whether it elects to conduct such efforts internally or through Third Party contractors retained by either Intrexon or Fibrocell (with Intrexon’s consent).

  • 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.

  • Research Project The findings of any research project, which would change the provisions of this Agreement will not be implemented until such changes are negotiated and agreed to by the parties.

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