Proposal Payment. The Department agrees to pay Proposer, and Proposer agrees to accept, the lump sum amount of One Million and 00/100 Dollars ($1,000,000.00) (the “Proposal Payment”), which payment (i) constitutes payment in full to Proposer for the conveyance of Proposer’s Intellectual Property to the Department in accordance with this Agreement and (ii) is conditioned upon: (A) Proposer’s Proposal being, in the sole discretion of the Department, responsive to the RFP; (B) Proposer complying with all other terms and conditions of this Agreement; and either (C) Proposer having not been awarded the Comprehensive Agreement or (D) Proposer having been awarded the Comprehensive Agreement but Financial Close is not achieved by the Financial Close Deadline through no fault of the Proposer.
Appears in 4 contracts
Samples: Stipend Payment Agreement, Stipend Payment Agreement, Stipend Payment Agreement
