KV Completion, Termination Sample Clauses

KV Completion, Termination. If FemmePharma does not proceed according to the "Time and Events Schedule" set forth in Appendix C, ---------- other than by reason of: (i) such delays as are caused by changes in the requirements of the FDA applicable to the clinical studies or other requirements for obtaining FDA approval of the Initial Product, but in any event in each case not later than 90 days following the respective dates for each event set forth in the Time and Events Schedule with respect to the Initial Product; or (ii) any delay or failure by KV to pay any amount payable to FemmePharma under this Agreement or the Stock Purchase Agreement, to provide adequate supplies of the Initial Product for completion of Phase III Studies, to provide such information and otherwise take such steps as are necessary to qualify itself or its Affiliate or designee as the manufacturer of the Initial Product under the NDA therefor, or to otherwise perform in accordance with this Agreement, then, in addition to any other remedies available to KV therefor, KV shall have the right, in its sole discretion upon written notice to FemmePharma, to proceed therewith on behalf of FemmePharma. If KV does so, each of the royalties payable by KV under Section 4.2(d)(i) shall be reduced by 2% (e.g. from 8% to 6%), and any commercially reasonable out-of-pocket funds paid by KV therefor shall be repaid to KV by FemmePharma with interest thereon, calculated monthly at the representative prime rate of interest published from time to time in the Wall Street Journal, plus 3%, from: (A) amounts otherwise payable to FemmePharma by KV under this Agreement (with any deduction being applied first to the payment of accrued interest) and (B) if necessary, under the Stock Purchase Agreement; provided, however, that if any funds otherwise to be invested by KV in FemmePharma under the Stock Purchase Agreement are used for this purpose, the same shall be credited against the payment otherwise due under the Stock Purchase Agreement and shall not reduce the number of shares of FemmePharma Preferred Stock otherwise receivable by KV therefor under the Stock Purchase Agreement.
Sample 1
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Related to KV Completion, Termination

  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by October 31, 2024.

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

  • Commencement and Completion of Work The professional services to be performed pursuant to this Agreement shall commence within five (5) days from the Effective Date of this Agreement. Failure to commence work in a timely manner and/or diligently pursue work to completion may be grounds for termination of this Agreement.

  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project (a) The Company intends and expects, together with any Sponsor Affiliate, to (i) construct and acquire the Project, and (ii) meet the Contract Minimum Investment Requirement within the Investment Period. The Company anticipates that the first Phase of the Project will be placed in service during the calendar year ending December 31, 2020. (b) Pursuant to the FILOT Act and subject to Section 4.03 hereof, the Company and the County hereby agree that the Company and any Sponsor Affiliates shall identify annually those assets which are eligible for FILOT payments under the FILOT Act and which the Company or any Sponsor Affiliate selects for such treatment by listing such assets in its annual PT-300S form (or comparable form) to be filed with the Department (as such may be amended from time to time) and that by listing such assets, such assets shall automatically become Economic Development Property and therefore be exempt from all ad valorem taxation during the Exemption Period. Anything contained in this Fee Agreement to the contrary notwithstanding, the Company and any Sponsor Affiliates shall not be obligated to complete the acquisition of the Project. However, if the Company, together with any Sponsor Affiliates, does not meet the Contract Minimum Investment Requirement within the Investment Period, the provisions of Section 4.03 hereof shall control. (c) The Company may add to the Land such real property, located in the same taxing District in the County as the original Land, as the Company, in its discretion, deems useful or desirable. In such event, the Company, at its expense, shall deliver an appropriately revised Exhibit A to this Fee Agreement, in form reasonably acceptable to the County.

  • Commencement and Completion The Work shall commence on _______________, 20__ and shall be complete in accordance with this Agreement without delay on ______________, 20__. The term “day”, used throughout this Agreement, refers to calendar days. Contractor shall not be entitled to any additional compensation for any Permitted Delays. If this Agreement is not signed and returned to the Owner before any work commences, this Agreement will be considered as accepted as presented to the Contractor.

  • Upon Substantial Completion of the Work or designated portion thereof and upon application by the Contractor and certification by the Architect, the State shall make payment, reflecting adjustment in retainage, if any, for such Work or portion thereof, as provided in the Contract Documents.

  • Completion Date The Work under this Contract shall be completed by midnight of the date required in the Contract as the Material Completion and Occupancy Date unless extended by approved requests for extension of time.

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