Performance Commitment. A designated percentage of the ID cards issued to the County’s participants in the Plan will be mailed within specified Business Days of the date that the eligibility information necessary to issue that card is released to the ID card vendor. The designated percentage is shown in Attachment A.
Performance Commitment. Both Parties shall commit to perform this Agreement as follows:
1. Each Party is legally established to run their businesses in Vietnam.
2. Conclusion and performance of this Agreement shall be carried out by both Parties in accordance with conditions and contents of the operation license for power generation granted by the competent agency and relevant regulations.
3. Either Party shall not have any legal or administrative acts that hamper or affect the other Party’s performance of the Agreement.
4. The Agreement conclusion and performance of either Party shall not violate any provisions of other contracts or a part of another contract to which such Party is a signatory. This Agreement and its six appendices is an integral part of the Agreement and is made into 10 (ten) copies with the same validity. Each Party shall keep 04 (four) copies, and the Seller shall send 01 (one) copy of the PPA to the EREA and another copy to the Electricity Regulatory Authority of Vietnam. - Connection: - Connection to SCADA system: - Protection system: [Applied individually to each project based on specifications of the project, including the single- line diagram of connection equipment, list of characteristics of metering systems, voltage and connection requirements] Part A. General specifications
1. Name of the power plant: ……………………………………………………..
2. Location of the power plant: ………………………………………………….
3. Rated capacity: .....................................................................................
4. Capacity sold to the Buyer: max [noting the planned capacity or the capacity in construction design appraisal results] MW.
5. Self-consumed capacity of the power plant: min...........kW; max kW
6. Expected annual power generation output: [following the construction design appraisal results] kWh
7. Completion date of construction of the power plant: ………………………….
8. Expected commercial operation date of the power plant: 9. Voltage fed to the distribution grid V
Performance Commitment. Assignee agrees that in the event that it does not execute patent licenses (with a total aggregate value of no less than ($250,000) or file and serve litigation complaints against at least 10 unrelated entities within 18 months after the transfer of The Patent Portfolio to Assignee, the Assignee shall transfer the Patent Portfolio back to Assignor at the Assignor's request. In the event of such transfer back to Assignor, Assignee shall not be entitled to recover any monies, including but not limited to any fronting or advance of Compensable Costs, and shall waive any claim it may have against Seller, its directors or members.
Performance Commitment. 1.1 Party A and the Target Company confirm and guarantee to Party B that the Target Company shall make the following achievements in 2015 (the “Commitment Period”):
Performance Commitment. Despatch provides no guarantee of process performance or fitness for purpose, unless specifically noted otherwise in Despatch written order acceptance confirmation. Despatch is providing equipment with design parameters specific only to its equipment.
Performance Commitment. Party B hereby undertakes to Party A to ensure that the Company shall achieve the following performance targets (“Performance Targets”, among which the Performance Target in 2019 the “2019 Performance Target” and the Performance Target in 2020 the “2020 Performance Target”) in 2019 and 2020 (collectively, the “Performance Commitment Period”):
(1) The target number of daily active users (excluding repeated counting) of the Company’s APP (including but not limited to Tadu Wenxue APP, Xiangcun Xiaoshuo APP, Mitao Xiaoshuo APP, etc.) (statistical buried points will be added to the Company’s APPs according to the buried point document standards of the Phoenix Network Data Center) shall be not less than the following respectively: (a) in 2019: the daily average in December of 1.12 million, the daily average in the whole year of 900,000 (the above user number indicators shall be calculated by excluding repeated counting of users of a number of APPs and the aforesaid aggregated average number of users for the whole year (excluding repeated counting) no less than 720,000; (b) in 2020: the daily average in December of 1.4 million, the daily average in the whole year of 1.08 million (the above user number indicators shall be calculated by excluding repeated counting of users of a number of APPs and the aforesaid aggregated average number of users for the whole year (excluding repeated counting) no less than 864,000; (“User Number Target”);
(2) The target pieces of originally created literature works for which the Company has obtained the valid exclusive information network distribution rights and the adaptation rights through entering into agreements (based on the valid exclusive IPR license/authorization contracts) shall be no fewer than 5,315 pieces and 5,950 pieces respectively (“Number of Works Target”);
(3) The annual revenue of the Company audited by the auditor designated by Party A shall not be less than: RMB 180,008,000 and RMB 235,000,000 (the “Annual Income Target”);
(4) The annual net profit of the Company audited by the auditor designated by Party A shall not be less than RMB 12,350,400 and RMB 17,753,000 (the “Annual Net Profit Target”). Whether the above Performance Targets are achieved shall be determined ultimately based on the audit results by the auditor retained by Party A.
Performance Commitment. (a) Each of the Parties hereby acknowledges, confirms and agrees that, the pre-money valuation of the Company on a fully-diluted and as-converted basis (the “Pre-Money Valuation”) applied for the subscription of the Series B Preferred Shares contemplated hereunder at the Closing, which is RMB1,600,000,000 in equivalent US Dollars (the “Initial Pre-Money Valuation”), is based on the following performance projections of the Group Companies: (i) the audited sales revenue of the Group Companies’ primary business on a consolidated basis of the fiscal year of 2017 of the Company (commencing from January 1, 2017 till December 31, 2017) prepared in accordance with the PRC GAAP and audited and certified by an accounting firm acceptable to the Investors (the “Qualified Auditor”, and such audited sales revenue, the “Sales Revenue of 2017”) would be no less than RMB160,000,000 (the “Qualified Sales Revenue”), and (ii) the net loss of the Group Companies on a consolidated basis of the fiscal year of 2017 of the Company (commencing from January 1, 2017 till December 31, 2017) prepared in accordance with the PRC GAAP and audited and certified by the Qualified Auditor (the “Net Loss of 2017”) would be no more than RMB50,000,000 (the “Qualified Net Loss”). The Warrantors shall cause the Qualified Auditor to provide the Sales Revenue of 2017 and the Net Loss of 2017 in reasonable details to the Investors no later than March 31, 2018. For the avoidance of doubt, any reasonable fees, costs and expenses incurred by the Company in connection with the transactions as contemplated under any employee share incentive plan of the Company (including but not limited to the Option Plan) shall not be calculated as the Net Loss of 2017.
(b) If the Sales Revenue of 2017 is less than the Qualified Sales Revenue (such Sales Revenue of 2017, the “Non-Qualified Sales Revenue”), the Pre-Money Valuation shall be immediately adjusted to according to the following formula: the adjusted Pre-Money Valuation = ten (10) times of the Non-Qualified Sales Revenue. For the purpose of this Section 6.13, the decrease from the Initial Pre-Money Valuation to the above adjusted Pre-Money Valuation, the “Sales Revenue Adjustment”.
(c) If the Net Loss of 2017 is more than the Qualified Net Loss (such Net Loss of 2017, the “Non-Qualified Net Loss”, and the difference between the Non-Qualified Net Loss and the Qualified Net Loss, the “Net Loss Difference”), the holders of at least fifty percent (50%) of the then ...
Performance Commitment. A. CSP shall be permitted to purchase IPG Products directly from HP only in the event that the individual HP CSP shall commit to and substantiate a minimum annual Ship-to dollar amount of one hundred million dollars ($100,000,000) in IPG Products.
B. HP reserves the right, in its sole discretion, to permit a CSP to purchase IPG Products directly from HP despite CSP’s initial inability to substantiate an annual performance commitment as set forth above in Subsection 3(A).
C. CSP’s annual performance commitment under this IPG Product Specific Addendum shall be for deliveries of IPG Products purchased over a twelve (12) month period. In the event the term of this IPG Product Specific Addendum is shorter than twelve (12) months, an applicable twelve (12) month performance commitment shall be calculated by projection over a full twelve (12) month term.
D. HP shall review progress towards CSP’s performance commitment pertaining to this IPG Product Specific Addendum at any time in its sole discretion. In the event CSP’s projected performance commitment falls below the actual performance commitment, HP reserves the right to terminate the Agreement or this IPG Product Specific Addendum for cause.
Performance Commitment. It is the goal to achieve a first page ranking on the 10 keyword phrases determined to be attainable and traffic producing. If 8 or greater keyword phrases achieve first page status on Google or Yahoo! then the campaign will be considered successfully completed. If at the end of the fifth month period less than 8 keyword phrases have not appeared on Google / Yahoo first page, we will provide up to 45 additional days of service at no cost and an up to an additional 30 links (155 total maximum link). The maximum length of this project is 6 months and 15 days (5 months via contract and 45 days via performance commitment). If client has not made monthly payment within 10 days of monthly due dates the project will end, the performance commitment is voided and the client will forfeit the project. Hold Harmless – The implementation of this Search Engine Optimization is constructed by methods that are currently considered by most industry experts to be productive and non injurious to a web site. Google and other search engines can without notice change its algorithm metrics analysis and ranking system. This potential event is entirely beyond our control. By signing below the clients agrees to hold the service provider Xxxxx Xxxxxx and Estate Settlement LLC harmless from any action. For the above mentioned reasons, we also cannot guarantee any specific search engine results. Personally and Professionally Yours, By signing below or by e-mail acceptance, the parties agree to the above stated terms (pages 1-4): Service provider:
Performance Commitment. Speaking Roses and BayHill Group LC agree that during the Term of the Agreement, BayHill Group LC shall assist Speaking Roses in its strategic planning and growth activities, raising capital, finding candidates to acquire, and investor relations activities, as 5. requested.
