Common use of Eligible Entity Clause in Contracts

Eligible Entity. In order to compete in the Competition and/or receive: (i) any portion of any prize purse; (ii) any other monetary payment; or (iii) any non-monetary consideration (collectively, “Award”) under this Agreement, Team must be either a single individual or organized under a single legal entity. Team must be an “Eligible Entity,” defined for the purposes of this Agreement as an entity that is:

Appears in 2 contracts

Samples: Xprize Competitor Agreement, Xprize Competitor Agreement

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Eligible Entity. In order to To compete in the Competition and/or receive: (i) any portion of any prize purse; (ii) any other monetary payment; or (iii) any non-monetary consideration (collectively, “Award”) under this Agreement, Team must be either a single individual or organized under a single legal entity. Team must be an “Eligible Entity,” defined for the purposes of this Agreement as an entity that is:

Appears in 1 contract

Samples: Xprize Competitor Agreement

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Eligible Entity. In order to compete in the Competition and/or receive: (i) any portion of any prize purse; (ii) any other monetary payment; or (iii) any non-monetary nonmonetary consideration (collectively, “Award”) under this Agreement, Team must be either a single individual or organized under a single legal entity. Team must be an “Eligible Entity,” defined for the purposes of this Agreement as an entity that is:

Appears in 1 contract

Samples: Xprize Competitor Agreement

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