Key Commercial Terms Sample Clauses

Key Commercial Terms. Scope This Agreement, including the Key Commercial Terms and the MCA Terms and Conditions, shall govern all Activities during the Term (as the terms are defined in the MCA Terms and Conditions). Option Period Aelis Studies Complemental pharmaceutical, clinical and pre-clinical activities to be Phase III ready at completion of Phase lib of AEF0117 in cannabis addiction or other Licensed Compounds (as defined in the License Agreement).
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Key Commercial Terms. Annex 7 -........Code of Business Conduct
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Key Commercial Terms. Not later than six (6) months prior to the expected date of approval of the Regulatory Filing for each Product, the Parties will enter a commercial agreement for the supply by Flamel or one of its Affiliates or subcontractors to Elan of the extended release active pharmaceutical ingredient for such Product, coated by Flamel or one of its Affiliates or subcontractors with extended-release beads using the Technology (“Coated API”). The commercial agreement for Flamel’s or one of its Affiliates’ or subcontractors’ supply of Coated API to Elan (the “Coated API Agreement”) will include the terms set forth in Schedule 5.5 attached hereto and other terms agreed upon by the Parties.
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Key Commercial Terms. The Airport currently relies on subsidies from the City of New Haven and the State of Connecticut to fund its operations. Annual subsidies are approximately $1.8 million, and the Authority has received more than $30 million in financial support over the last 20 years. Once a lease is finalized based on the signed Letter of Intent, Avports would be responsible for all Airport operating expenses and any ongoing deficits, eliminating any local or state subsidies. During the period of the lease, Avports will assume significant long-term operational risk, and will invest in excess of $100 million in capital. In exchange, Avports shall serve as the independent contractor to the Authority for the operation and management of the Airport for a period of 43 years. At the conclusion of the lease, the improved assets will revert to the full control and ownership of the Authority and the community it serves. The Authority will delegate to Avports the right and obligation to operate the Airport and will appoint Avports to act as the Authority’s agent with respect to day-to-day activities, subject to agreed-upon performance and operating standards with Authority oversight. Avports will report regularly to the Authority to ensure the Airport is operated in accordance with industry practices and FAA, DOT, and TSA requirements and regulations. Given the current financial position of the Authority, it would be impossible for the Authority to complete the required upgrades to realize the goals of the master plan without significant additional funding from the City or State. Under the proposed lease, Avports would assume responsibility for all capital projects and operating expenses, transferring significant financial risk from the Authority, City, and State. During operations, Avports will pay rent and will make revenue-share payments to the Authority. The Authority would use this revenue to fund its operations and oversight functions and any additional funds would be placed in a special Airport reserve fund for unforeseen needs or capital requirements. Avports would also make payments to the Authority to share the proceeds in the event of certain transfers of ownership interests in the company. As required by federal law, all money that the Authority receives from Avports will be used for Airport purposes. Existing and New Terminals It will take several years to receive approvals for and to develop the runway extension and New Terminal. During that time, Avports will upgrade...
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Key Commercial Terms. The Agreement provides the Company with a 70-day exclusive due diligence period, which will commence immediately, whereby Savannah will conduct technical, financial, and legal due diligence. Subject to the Company receiving satisfactory results from due diligence, Savannah shall be entitled to trigger the commencement of an exclusive option to purchase the Mining Lease, once granted (‘Option’). The Option expires on 25 June 2019 and, if exercised, Savannah would purchase the Mining Lease, once granted (‘Commitment to Purchase’). The purchase price of the Option is €350,000, payable in instalments. Upon Savannah providing a Commitment to Purchase, the parties shall have a maximum of five years to submit, and to have approved, a mining lease application over the ground. Upon approval of the Mining Lease, Aldeia will apply to register the Mining Lease in the name of a subsidiary of Savannah. The total purchase price for the acquisition of the Mining Lease once granted is €3.25m, which would be paid in monthly instalments following the transfer of the Mining Lease to a wholly owned subsidiary of Savannah. The majority of these payments are expected to be made whilst the Mina do Xxxxxxx Project is in production and generating revenue.
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Key Commercial Terms. AltaLink desires to enter into a Relationship Agreement with one or more Preferred Proponents to provide the Requested Services for the Term. Specific commercial terms of the Relationship Agreement have not been determined and will be subject to negotiations with the Preferred Proponent(s) following the RFP Stage; however, AltaLink is considering implementing the following concepts that it intends to apply in the Relationship Agreement:
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Related to Key Commercial Terms

  • Commercial Terms Seller: PACIFIC GAS AND ELECTRIC COMPANY, limited for all purposes hereunder to its electric procurement and electric fuels functions Buyer: [Buyer to insert its full name here in all caps] Product: The Product shall consist of Electric Energy and associated Green Attributes from the Project, as further described and subject to the provisions herein.

  • License Terms This license is for one full Semester. It cannot be cancelled or terminated except under the conditions cited in this license.

  • Special Terms Terms defined in this Schedule 1 shall have the same meanings when used throughout this Agreement. In the event of any conflict between the terms set out in the various Schedules, the Schedules shall prevail in the order in which they appear in the Agreement. For the purposes of the provision of the Services and any Goods, the terms of this Agreement shall prevail over any other terms and conditions issued by the British Council (whether on a purchase order or otherwise).

  • Generic Terms All words used herein shall be construed to be of such gender or number as the circumstances require. The words "herein," "hereby," "hereof" and "hereto," and words of similar import, refer to this Agreement in its entirety and not to any particular paragraph, clause or other subdivision, unless otherwise specified, and Section and Exhibit references are to this Agreement unless otherwise specified.

  • Extended Terms The Term of this Agreement may be extended by the Manager if the Resident applies in writing for an “Extension” in accordance with the Managers published policies about Term Extensions. Extensions are subject to availability. Priority will be given to Residents travelling from great distances, who demonstrate a special need, or who are enrolled in orientation or academic programs that begin early or continue beyond the Residence Term. Extensions may also be granted for any ‘Early Move-In’, ‘Late Move-Out’ or ‘Summer Residence’ programs offered by the Manager. Residents granted Extensions are subject to the fees detailed in Table 3. Any Resident found occupying a Room outside of the Term without approval from the Manager are subject to additional fees over and above those detailed in Table 3. TABLE 3: Extended Terms Start (“Move-In Day”) End (“Move-Out Day”) Fees Summer Term 2020 N/A N/A N/A Academic Year 2020-2021 August 30, 31, September 1, 2, 3, 4, 2020 N/A $35.00/day Winter Term 2021 N/A N/A N/A * Customized By Manager

  • SPECIAL TERMS AND CONDITIONS It is the intent of TIPS to award to reliable, high performance vendors to supply products and services to government and educational agencies. It is the experience of TIPS that the following procedures provide TIPS, the Vendor, and the participating agency the necessary support to facilitate a mutually beneficial relationship. The specific procedures will be negotiated with the successful vendor.

  • Financial Terms a. Customer shall pay Licensor any fees or payments net 30 days from Licensor's invoice. Licensor may charge Customer an additional 1.5% per month (or such lower amount as required by applicable law) for all fees that are not paid on time.

  • Development Schedule The Project shall substantially comply with the specific timetables and triggers for action set forth in Article 5 of this Agreement. The parties acknowledge that, as provided in G.S. 160A-400.25(b), the failure to meet a commencement or completion date shall not, in and of itself, constitute a material breach of this Agreement pursuant to G.S. 160A-400.27 but must be judged based upon the totality of the circumstances.

  • Confidential Terms Except as expressly provided herein, each party agrees not to disclose any terms of this Agreement to any third party without the consent of the other party, except as required by securities or other applicable laws, to prospective and other investors and such party’s accountants, attorneys and other professional advisors.

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