Potential for Leased and Joint Use Research Facilities Sample Clauses

Potential for Leased and Joint Use Research Facilities. If MCC determines that the Facility will house MCC’s research programs and personnel, MCC may agree to lease or otherwise permit occupancy and use of certain designated space(s) in the Facility by University and University’s designated researchers for research programs and activities to advance the Parties’ shared missions. Accordingly, upon the completion of construction and issuance of the certificate of occupancy for the Facility, the Parties may from time to time negotiate and enter into written agreements (i) providing for MCC’s sublease or license of designated space in the Facility to University in consideration for University’s payment of rent commensurate with fair market value, and/or (ii) providing for University’s purchase of the use of research equipment and support services available at the Facility in consideration for University’s payment of compensation therefor commensurate with fair market value, and/or (iii) providing for other cooperative arrangements for joint and collaborative research programs in the Facility involving each Party’s designated research personnel.
Sample 1
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