PRINCIPAL TERMS AND CONDITIONS Sample Clauses

PRINCIPAL TERMS AND CONDITIONS. “Principal Terms”)

PRINCIPAL TERMS AND CONDITIONS. (“ Principal Terms” )

PRINCIPAL TERMS AND CONDITIONS. The Vendor agrees to lease a portion of the office space within the Building pursuant to Section 4.6. Following is a summary of the general business terms upon which the Vendor will lease premises within the Building, namely; Tenant: QLT Inc. Landlord: Discovery Parks Holdings Inc. or permitted assignee Building Address: 000 Xxxxx Xxxxxxxx Xxx, Xxxxxxxxx XX Leased Area: Approximately 44,000 square feet of office and laboratory space in a location to be agreed upon. The Tenant will be responsible for all costs associated with the demise of the Leased Area and all work shall be completed to City of Vancouver code requirements. Term: Five (5) years Lease Commencement Date: Closing Date, with rent commencing on the first day of the month following the Closing Date. Renewal Options: Two options of five (5) years each to be exercised 12 months in advance of the expiry to the Term or any Renewal thereof. The renewal rent to be based upon market rent for similar premises and shall not be less than the rent paid by the Tenant during the last year of the Term or any renewal thereof. Form of Lease: Net lease Basic Rental Rate: $32.50 per square foot / annum Additional Rent: Proportionate share plus any additional costs attributed to the laboratory component of the Tenant’s tenancy

PRINCIPAL TERMS AND CONDITIONS. Confidentiality obligation The Receiving Party undertakes to ensure that the Receiving Party and its Representatives: provide for confidentiality, protection and non-disclosure of the Confidential Information and, where applicable, the trade secret mode in compliance with the requirements of the law of the Russian Federation, the Agreement and the procedures provided for by internal documents of the Receiving Party and (or) the Representatives to ensure protection and security of in-house confidential information or trade secrets, where appropriate; refrain from publicly disclosing, commenting on or transferring the Confidential Information to any third parties without the prior written consent from the authorized representatives of the Disclosing Party, except in cases permitted by this Agreement. Without prejudice to the provisions of clause 2.1 (a) of the Agreement and in compliance with applicable legal regulations, including in the field of protection of Inside Information, the Receiving Party may provide the Confidential Information to the parties stated below in the following cases: to its Representatives (a list of which shall be maintained and periodically updated by the Receiving Party and made available to the Disclosing Party upon its reasonable request), provided that each of the Representatives, to whom the Confidential Information is transferred, assumes obligations towards the Receiving Party to keep the provided Confidential Information in secrecy on exactly the same terms and conditions as those stipulated in this Agreement for the Receiving Party, and (if an access to the Inside Information is granted, including in the form of transfer) will be included in the list of insiders; to competent public authorities upon their reasonable requests; to securities market regulators and exchanges provided that the relevant Confidential Information is required to be transferred to them under the applicable legislation, rules of the regulators and exchanges or under their reasoned request; to other third parties, apart from those specified above in subclauses (i)–(iii) of clause 2.1. (b) hereof, but only with the prior written permission of the Disclosing Party, which may be provided, among other things, via e-mail. The Receiving Party shall be liable to the Disclosing Party for any actions and (or) omission, violation, non-performance or improper performance by the Receiving Party, its Representatives or by any third parties, who received the Confid...

PRINCIPAL TERMS AND CONDITIONS. Performance Period: Three calendar years (i.e., January 1 to December 31) Vesting: Continued employment until the last day of the performance period, except upon termination of employment under certain circumstances as set forth below, and achievement of performance goals Conversion: Performance Share Units to be converted into equivalent number of shares of Company common stock in accordance with their terms • 0% - 150% of shares granted • 0% if performance below threshold • 100% if performance is at target • 150% is maximum for performance 50% above target The following is provided as an example of a way in which Performance Share Units may be designed. It is understood that each year, following consultation with the Executive, the Management Compensation Committee of the Company will determine the performance targets and the design of the Performance Share Units. For performance levels between 50% below target and 50% above target, the number of shares earned will be calculated as a percentage equal to the percentage that actual performance is higher or lower than target. For example, if Target Performance is 12% Annual EPS Growth then: Annual EPS Growth below 6% earns NO (-0- ) shares Annual EPS Growth equal to 6% earns 50% (40,000) of the granted shares Annual EPS Growth equal to 9% earns 75% (60,000) of the granted shares Annual EPS Growth equal to 12% earns 100% (80,000) of the granted shares Annual EPS Growth equal to 15% earns 125% (100,000) of the granted shares Annual EPS Growth equal to 18% or more earns 150% (120,000) of the granted shares

PRINCIPAL TERMS AND CONDITIONS. This Summary of Principal Terms and Conditions (this “Term Sheet”) outlines the key terms of the proposed DIP Facilities by and among the Borrower, the Guarantors, the DIP Lenders and the Administrative Agent (in each case, as defined herein).

PRINCIPAL TERMS AND CONDITIONS. Pursuant to the Property Leasing Framework Agreement, Tong Xxx Xxxx Holdings has agreed to lease and procure other members of the Tong Xxx Xxxx Group to lease certain premises to any members of the Group for the Group's productions and operations, including but not limited to office premises, warehouses and staff quarter.

PRINCIPAL TERMS AND CONDITIONS. We propose that the principal terms of the Merger would include, without limitation, the following: a. Merger Consideration. DDN currently has outstanding 2,314,597 shares of common stock, no par value per share ("DDN Common Stock"), warrants to purchase 1,840,000 shares of DDN Common Stock and options to purchase 675,000 shares of DDN Common Stock. ISN currently has outstanding approximately 5,000,000 shares of common stock, $.001 par value per share ("ISN Common Stock"). ISN and DDN shall enter into an agreement and plan of reorganization (the "Merger Agreement"). The Merger Agreement shall provide that shares of DDN Common Stock shall be issued to the shareholders of ISN in exchange for each share of ISN Common Stock (the aggregate number of shares of DDN Common Stock issued to be referred to as the "Merger Consideration"), such that following the Merger the outstanding common stock of the Surviving Corporation shall be held approximately 24% by the shareholders of DDN and approximately 76% by the shareholders of ISN (on a fully-diluted basis, excluding the DDN warrants).

PRINCIPAL TERMS AND CONDITIONS. Great Wall Kaifa shall purchase electronic components from Panda Crystal at market price. The prices for the said products shall be determined fairly, openly and in accordance with market practice;

PRINCIPAL TERMS AND CONDITIONS. MIB’s obligation to investigate claims and determine amount of award