Production Agreement. If upon the expiration of this Agreement the Company shall have carried out its obligations hereunder to the satisfaction of the Government and shall have successfully established to the Government that the development of a mine from ore reserves established within the Licensed Area is economically and financially feasible, then the Government shall grant to the Company the first option to (i) acquire a License for the purposes of mining gold in the Licensed Area, and (ii) participate in a mining Project in the Licensed Area subject to negotiation with the Government of satisfactory terms for such licence and participation.
Production Agreement. The term "Production Agreement," as defined in Paragraph 1.1 of the Original Agreement shall mean and refer to the Production Agreement as originally defined, and all amendments, extensions and restatements thereof made from time to time by the parties, including, without limitation, the Second Amended and Restated Production Agreement being entered into contemporaneously with this Second Amendment.
Production Agreement. 4.1 The Production shall be carried out in accordance with the terms and conditions of the Production Agreement and this Agreement. In the event of any inconsistency between the terms of the Production Agreement and this Agreement regarding the performance of the work, the Production Agreement shall prevail, subject to clauses 4.3 and 4.4 below.
Production Agreement. 3.1 Each Production Agreement shall provide details regarding the pricing of the Product(s) and the parties acknowledge that it is intended that the pricing of the Products will result in a gross margin to CIC of between 20 to 30 percent. The Production Agreements shall also set forth provisions for the establishment of appropriate accounting systems for cash management, sales reconciliations and inventory sales guarantees by TDNT to CIC as well as deal with such matters as are set forth in Exhibit A hereto.
Production Agreement. Company shall have such number of separate, consecutive and irrevocable options to renew the term of such Production Agreement as equal one (1) less than the number of Commitment Albums remaining to be delivered (including any Commitment Albums for option periods as to which Company has not yet exercised its option) in satisfaction of the Recording Commitment hereunder as of the date such individual becomes a Leaving Member, but in no event shall there be fewer than two (2) such options. Each such option shall give Company the right to renew the term of such Production Agreement upon the same terms and conditions applicable to the initial period thereof, except as specifically set forth herein. Each such option period shall commence upon the expiration of the immediately preceding period of the term of such Production Agreement and shall expire, subject to paragraph 7(a) of such Production Agreement, nine (9) months after the date on which Producer delivers to Company the Masters constituting the Recording Commitment for such option period. Each such option may be exercised by Company giving Producer notice at any time prior to the expiration of the then-current period of the term of such Production Agreement.
Production Agreement. Buyer shall have entered into an agreement satisfactory to Buyer, in its sole discretion, with BCII.
Production Agreement. 15 8.8 Liens.............................................................. 15
Production Agreement. The transactions contemplated by the Production Contract shall be consummated concurrent with the transactions contemplated by this agreement.
Production Agreement. 4.1. At such time as SPONSOR determines that it needs quantities of 4- HC for purposes other than drug development purposes, CTRC RESEARCH and SPONSOR agree to negotiate in good faith toward the execution of a definitive, commercially reasonable agreement pursuant to which CTRC RESEARCH will provide at least [**] percent ([**]%) of SPONSOR's requirements of 4-HC beyond the requirements contemplated by this Agreement. In conducting these negotiations, SPONSOR shall be considered as acting in good faith even though it bargains for reasonable time, quality and production requirements. During these negotiations, CTRC RESEARCH must be able to demonstrate to SPONSOR its ability to comply with reasonable 4 requirements of SPONSOR regarding quality, time and production for the production of 4-HC. Such agreement shall also require that all of the product provided to SPONSOR shall be synthesized at a facility of CTRC RESEARCH or its affiliate (as defined in Section 4) meeting all applicable requirements of the United States Food and Drug Administration for GMP manufacturing facilities.
Production Agreement. Buyer and Seller shall have entered into and delivered to Escrow Agent the Production Agreement attached as Exhibit F.
