New Projects Sample Clauses

New Projects. (a) If Licensee notifies Licensor that it wishes to develop additional Vacation Ownership Properties that use Hilton Marks (other than the Licensed Marks) either alone or as co-branding with any Licensed Marks, it shall notify Licensor in writing by submitting to Licensor a written application that contains all material information with respect thereto. Licensor may, in its sole discretion, grant Licensee a license to use such additional Trademarks in connection therewith, pursuant to a separate agreement or an amendment to this Agreement. (b) If Licensee notifies Licensor that it wishes to (i) develop or acquire additional Vacation Ownership Properties that would use the Licensed Marks or (ii) expand the scope or size of an existing Licensed Vacation Ownership Property (if such expansion was not included in the original proposal for the property approved by Licensor), it shall notify Licensor in writing by submitting to Licensor a written application that contains all material information with respect thereto. Licensor shall not unreasonably withhold its approval for such Vacation Ownership Properties to use the Licensed IP and Hilton Data (and upon such approval, such properties shall become “Licensed Vacation Ownership Properties” herein) if the proposed additional Vacation Ownership Property or proposed expansion to an existing Licensed Vacation Ownership Property (each, a “New Property”) and Licensee’s intended operation thereof complies with the then-current Standards and Agreements and: (i) the development of the proposed New Property would not breach, or be reasonably likely to breach, any applicable Laws or agreement between Licensor or its Affiliates, including territorial restrictions or areas of protection; (ii) the proposed New Property will not involve any co-investor that (a) is a Hilton Competitor, (b) is known in the community as being of bad moral character, (c) has been convicted in any court of a felony or other offense that could result in imprisonment for one (1) year or more or a fine or penalty of one million dollars ($1,000,000) (as adjusted annually after the Effective Date by the CPI Adjustment) or more (or is in Control of or Controlled by Persons who have been convicted in any court of felonies or such offenses), or (d) is (or has an Affiliate that is) a Blocked Person; and (iii) the proposed New Property is not reasonably likely to harm Licensor, the Licensed IP, the Hilton Data or the goodwill associated therewith. (c) Licens...

New Projects. 6.1 The Parties' obligations in relation to the identification, approval and delivery of New Projects which are Qualifying Projects are contained in Schedule 5 (Approval Process for New Projects). 6.2 In respect of each Approved Project (including where Clause 9.3.5 applies) WEPCo shall, or shall procure that a Project Service Provider shall enter into a Project Agreement either: 6.2.1 substantially in the form of the relevant Template Project Agreement completed in accordance with the "IMPORTANT NOTICE" set out on such Template Project Agreement to reflect such amendments as may be required in the circumstances of that particular Project Agreement and as may be agreed between WEPCo and the Relevant Participant(s) and approved by the Welsh Government; or 6.2.2 in the case of an Approved Project for FM Services only, or a D&B Project for Community Services only, in such form as may be agreed between the Relevant Participant(s) and WEPCo and approved by the Welsh Government. 6.3 In respect of each Approved Project that is a MIM Project (including where Clause 9.3.5 applies), WEPCo shall procure that a Project Service Provider shall enter into a Project Co Shareholders' Agreement substantially in the form of the Template Project Co Shareholders' Agreement, completed in accordance with the "IMPORTANT NOTICE" set out on such Template Project Co Shareholders' Agreement to reflect such amendments as may be required in the circumstances of that particular project as agreed among the Project Service Provider, PSDP and WGCo and approved by the Relevant Participant(s) and Welsh Government.

New Projects. A. Licensee shall provide Licensor with an application (“New Project Application”) in the form attached hereto as Exhibit K for each proposed New Project. The form of New Project Application may be modified by Licensor as required for compliance with Applicable Law or as mutually agreed by the parties hereto. B. Licensor may reject a proposed New Project only if: (i) Licensor determines that the proposed New Project does not meet the applicable Brand Standards related to construction and design or that the location of the proposed New Project does not meet applicable Brand Standards or is otherwise not appropriate for the proposed New Project; (ii) Licensor determines that the development of the proposed New Project would breach, or be reasonably likely to breach, any Permitted Territorial Restrictions or restrictions imposed by Applicable Law on Licensor and its Affiliates; (iii) Licensor determines that it is unable, or it is not feasible for Licensor, to manage the proposed New Project in compliance with Brand Standards (other than a proposed New Project that meets the requirements of Section 8.3.B(ii) and that a Management Company approved by Licensor will manage as a Non-RCHC Managed Project); (iv) the proposed New Project will involve a co-investor with Licensee and such co-investor is (a) a Lodging Competitor of Licensor, (b) is known in the community as being of bad moral character, (c) has been convicted in any court of a felony or other offense that could result in imprisonment for one (1) year or more or a fine or penalty of one million dollars ($1,000,000) (as adjusted annually after the Effective Date by the GDP Deflator) or more (or is in control of or controlled by Persons who have been convicted in any court of felonies or such offenses), or (d) is, or has an Affiliate that is, a Specially Designated National or Blocked Person; (v) Licensee or its Affiliate, as applicable, fails or refuses to undertake at the time that the New Project Application is submitted to execute an RCHC Management Agreement for such proposed New Project under which Licensor or its Affiliate will provide on-site management of the proposed New Project at least thirty (30) days prior to the opening of the applicable New Project to the public for business and, in fact, execute such RCHC Management Agreement within such timeframe, unless such proposed New Project is a Non-RCHC Managed Project pursuant to Section 8.3.B. The fee payable to Licensor or its Affiliate under s...

New Projects. Projects not included in the Baseline Charges that will be priced separately include the following: • [***]* Charges, including consulting fees, resource fees, out-of pocket costs, and other costs required to complete or support any new Project or for New Services will be determined in accordance with Change Control and unless otherwise agreed will be charged at Service Provider’s time and materials rates.

New Projects. Fees, including consulting fees, resource fees, out-of pocket costs, and other costs required to complete or support any new project or for New Services may be based upon Service Provider's then-current daily commercial rates adjusted [***]* project pricing, or other bases, and will be determined in accordance with Change Control Procedures. Fees for each project will be negotiated and agreed to by the parties on a case-by-case basis.

New Projects. The phased office, research and development use development and all associated amenities, including, but not limited to, surface and structured parking, landscaping, and on- and off- site improvements, contemplated by or embodied within the Vested Approvals for (i) the Lindaro and Parking Expansion Project, and (ii) the two research and development buildings on the R&D Development Property.

New Projects. The parties acknowledge and agree that Commencement Place Limited Partnership and the Xxxxxx Project are New Projects. Set forth on attached Schedule I is an estimate of the out-of-pocket expenditures, including capital contributions, with respect to such New Projects, actually expended by Seller.

New Projects. 18.2.1 An Obligor may, at any time, other than during a Cost Overrun Period: (a) acquire, or otherwise designate, any freehold, leasehold or other real property specified in Schedule 6 (Approved New Properties) as an Approved New Property; and/or (b) commence any construction and development project on an Approved New Property as an Approved New Project, without the consent of any Finance Party provided that: (i) any such freehold, leasehold or other real property specified in Schedule 6 (Approved New Properties) is acquired on, or otherwise complies with, substantially the same terms as those disclosed in the relevant Real Estate Package delivered to the Agent in accordance with Clause 3.1.2 (Conditions precedent); (ii) any such construction and development project will be carried out substantially in accordance with the relevant Real Estate Package; (iii) the aggregate Budgeted Costs relating to such construction and development project are not more than 15 per cent_ above the aggregate Budgeted Costs contained in the relevant Real Estate Package or such lesser percentage as is necessary so as to ensure a projected yield of 12 per cent per annum in respect of the relevant Approved New Property for the financial year the relevant Approved New Project is projected in the relevant Real Estate Package to become a Stabilised Project, determined by reference to the annual Net Rental Income for such Approved New Property as projected in the relevant Real Estate Package divided by the aggregate Budgeted Costs for that Project; and (iv) on or prior to the first drawdown in respect of such construction and development project the Agent has confirmed to the Borrower and the other Finance Parties that it has received, or it is satisfied that it will receive upon such drawdown, all items relating to: (1) the relevant freehold, leasehold or other real property specified in Schedule 6 (Approved New Properties) as specified (as if that property were an Initial Property) in paragraphs 1, 2 and 8 of Part B Schedule 2 (Conditions precedent); and (2) where applicable, the Approved New Project as specified (as if that Approved New Project were an Initial Project) in paragraphs 1, 2, 3 and 8 of Part B Schedule 2 (Conditions precedent). 18.2.2 Where any freehold, leasehold or other real property specified in Schedule 6 (Approved New Properties) or any construction and development project on an Approved New Property does not comply with Clause 18.2.1, no Obligor may include suc...

New Projects. The minimum project value, below which NO site allowances are payable, is $3.0M as at 1 October 2015 City of Melbourne New Work from 3.0m to $227.1m $4.05 per hour from $227.1m to 302.7m $4.20 per hour From 302.7m to 454.2m $4.35 per hour Renovations, Restorations &/or Refurbishment work $3.50 per hour The Site allowance on projects which are a combination of new and renovation work shall be governed by the majority of work involved. For example, where the majority of work is new work, then the Site Allowance appropriate to new work shall be paid for all employees on the project. New Projects Victoria $3.0m to $7.7m $2.30 $7.7m to $18.9m $2.50 $18.9m to $37.9m $2.80 $37.9m to $75.7m $3.30 $75.7m to $151.4m $3.95 $151.4m to $227.1m $4.05 $227.1m to $302.7m $4.20 $302.7m to $454.2m $4.35 For projects above $454.2 million, there shall be an increment in site allowance of 10 cents per additional $100M or part thereof.

New Projects. Upon reasonable request by GSK during the TT Term, the JSC shall meet to discuss in good faith one or more additional Collaborative Projects to be conducted by the Parties under this Agreement. If the JSC agrees that any such Collaborative Project shall be performed by the Parties, the Parties shall prepare in good faith a written research plan for such Collaborative Project and submit such written research plan to the JSC for approval. If the JSC approves such Collaborative Project, the written research plan will automatically be made a part of this Agreement. SV\1263057.27