Development Progress Sample Clauses
Development Progress. The development of the Project shall be, and Lender shall have received written confirmation from Borrower that the development of the Project is, progressing in a reasonably satisfactory manner and in accordance with the Development Loan Budget and Exhibit 6 to the Power Purchase Agreement as updated and reproduced as of the date hereof under Exhibit 6 to this Agreement (as the dates or milestones therein may be amended, modified or waived from time to time in accordance with the Power Purchase Agreement; provided that such amendments, modifications or waivers do not invalidate or breach any of the Construction Financing Documents or render it impracticable for the Borrower to satisfy the conditions to funding under the commitment letter described in clause (i) of the definition of Construction Financing Documents on or prior to the Maturity Date), and will enable Borrower to achieve Financial Close by no later than the Maturity Date.
Development Progress. In addition, each Party may not, without the prior written consent of the other Party disclose publicly any information, including information disclosed to it by the other Party, which pertains to the development and regulatory progress of any Licensed Product. Such disclosure may include, without limitation, the achievement of a Development Milestone for a Licensed Product and any payments received in respect of such Development Milestone, as well as periodic updates regarding the status of the development and/or regulatory affairs pertaining to such Licensed Product.
Development Progress. During the course of each Protocol, representatives of the Parties will meet at times and places mutually agreed upon to conduct the Protocol goals, and regular reviews of the progress and results of the Protocol, as well as proposed changes to the Protocol. Monthly summaries and status reports of the Development will be prepared by the Foundation and circulated to Palmera in advance of the next scheduled meeting. Either Party shall upon request allow the other Party reasonable access to its facilities to observe the conduct of its work in progress on a particular Protocol.
Development Progress. SEGA shall set targets to inform T2 of the progress of development of the Licensed Software according to the following schedule:
1. The target for SEGA to update T2 on the progress of development of the prototype of the Licensed Software shall be during the month of September, 2005.
2. The target for SEGA to update T2 on the progress of development of the Closed Beta Version of the Licensed Software shall be during the month of June, 2006.
3. The target for SEGA to update T2 on the progress of development of the Open Beta Version of the Licensed Software shall be during the month of August, 2006.";
(c) Section 7.1 is hereby deleted in its entirety and replaced by the following: