Proposals and Projects Sample Clauses

Proposals and Projects. 5.1 The parties agree that the terms of this agreement shall apply when either party (proposing party) wishes to propose to the other party (receiving party) a Project falling within the scope of the Focus. 5.2 A proposing party may submit a proposal for a proposed Project falling within the scope of the Focus to the receiving party at any time. The proposal shall contain high level details of the proposed Project, including an indication of the parties’ likely respective Inputs and any Charges the proposing party intends to make for its own Inputs (if applicable). 5.3 On receipt of a proposal, the receiving party shall consider it, provide the proposing party with its comments and the parties shall then discuss whether they wish to formalise the proposal so that it becomes a Project. Either party may, in its absolute discretion, decline to agree to formalise a proposal into a Project. 5.4 In order to formalise a proposal into a Project: (a) either party may submit to the other a draft Project Specific Supplementary Agreement based on the proposal submitted under clause 5.3. Such document shall be based substantially on the template Project Specific Supplementary Agreement set out in Schedule 1, but it may include additional matters or exclude matters contained in the template that are not relevant to the particular Project; and (b) each party may sign the Project Specific Supplementary Agreement or decline to do so. A Project Specific Supplementary Agreement shall not have operative effect under this agreement unless it is signed by both parties. Once signed by both parties, a Project Specific Supplementary Agreement becomes part of the agreement. 5.5 A Project Specific Supplementary Agreement that has been signed by both parties may be amended at any time in accordance with clause 25. 5.6 Unless terminated earlier in accordance with this agreement, each Project Specific Supplementary Agreement has contractual effect during the applicable Project Period. 5.7 Each party shall in relation to the obligations allocated to it in a Project Specific Supplementary Agreement agreed in accordance with this clause: (a) perform such obligations, including by providing the Inputs in accordance with timeframes or milestones (if any) specified in the Project Specific Supplementary Agreement; (b) use reasonable care and skill in performing such obligations; (c) comply with Good Industry Practice; (d) comply with all laws applicable to it; (e) obtain and maintain consents...
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Proposals and Projects. (i) The General Partner shall consider and review proposals submitted to the General Partner by a Limited Partner or an Affiliate (each, a "Proposal") to research, develop, commercialize and market pharmaceutical preparations for human therapy concentrating on pharmaceutical preparations having the potential for competitive advantage in the marketplace based upon unique formulations or dosage forms, new or expanded indications and/or patentability as to product, process or use (each, a "Product" and collectively the "Products"). Each Proposal shall be in such format as determined by the General Partner and shall include a proposed budget calculated to bring such Product successfully to market and a proposed timeline for so doing. No Limited Partner or its Affiliate has any obligation to present a Proposal to the General Partner on behalf of the Partnership with respect to any particular Product. (ii) The General Partner shall approve or reject each Proposal within a reasonable time period, based upon the specific characteristics and circumstances of each Proposal. Upon the approval of the General Partner, such Proposal (as may be modified by the General Partner) shall be designated a "Project" and such proposed budget (as may be modified by the General Partner) shall be designated the "Project Budget." The Project Budget shall be funded by the Partnership pursuant to a capital contributions schedule, which generally shall require, unless the General Partner determines otherwise, that capital contributions in respect of the Annual Budget shall be made quarterly in advance and which shall generally consist of an initial portion, covering start-up and projected research and development costs through the end of the then current Fiscal Year, and subsequent annual portions pursuant to annual budgets (each, an "Annual Project Budget") developed each year by the General Partner, as may be amended from time to time by the General Partner in the event that it determines that such Annual Project Budget shall be insufficient to fund the Project for the then-current year. If the General Partner determines that a Project Budget shall not be sufficient to bring such Project to market successfully, whether due to cost overruns, adverse market conditions, unexpected developments or otherwise, the General Partner shall decide whether to increase the Project Budget or terminate the Project on behalf of the Partnership. Any Project Budget (including any modification by the Ge...
Sample 1
Proposals and Projects. A Party wishing to propose (“Proposing Party”) to the other Party (“Receiving Party”) a project within the scope of the Alliance, may submit a proposal by email at the address specified in clause 14 to the Receiving Party at any time, indicating whether the project is designated as green, yellow or red (and green project, yellow project and red project shall be construed accordingly). The proposal shall contain high level details of the proposed project, including an indication of the Parties’ likely respective contributions and any charges the proposing party intends to make for its own contribution (if applicable). • On receipt of a proposal, the Receiving Party shall consider it, provide the Proposing Party with its comments within the Prescribed Time (as defined below) and the Parties shall then discuss whether they wish to formalise the proposal into a Project. Either Party may, in its absolute discretion, decline to agree to formalise a proposal into a Project. If either Party rejects the proposal or fails to respond to a request to formalise a proposal into a Project within the Prescribed Time, the Proposing Party shall be entitled to pursue it in its own name and at its own cost.
Sample 1
Proposals and Projects. 6.1 The parties agree that the terms of this agreement shall apply when either party (proposing party) wishes to propose to the other party (receiving party) a Project falling within the scope of the Delivery Plan. 6.2 A proposing party may submit a proposal for a proposed Project falling within the scope of the Delivery Plan to the receiving party at any time. The proposal shall contain such level of detail as is appropriate of the proposed Project, including an indication of the parties' likely respective Inputs. 6.3 On receipt of a proposal, the receiving party shall consider it, provide the proposing party with its comments and the parties shall then discuss and agree whether they wish to formalise the proposal so that it becomes a Project.
Sample 1
Proposals and Projects. The parties agree that the terms of this agreement shall apply when either party (proposing party) wishes to propose to the other party (receiving party) a Project falling within the scope of the Delivery Plan.
Sample 1

Related to Proposals and Projects

  • Projects There shall be a thirty (30) km free zone around the projects excluding the Metro Vancouver Area. For local residents, kilometers shall be paid from the boundary of the free zone around the project. Workers employed by any contractor within an identified free zone who resides outside of that same free zone will be paid according to the Kilometer Chart from the project to their residence less thirty

  • Materials and Improvements Title to materials, improvements, and other property required of PURCHASER by this contract shall vest in and become the property of STATE at the time such are furnished by PURCHASER and accepted by STATE. Only materials, improvements, and property free and clear of liens, claims, and encumbrances shall be furnished by PURCHASER. All existing improvements located on State land, and any improvements placed on State land by PURCHASER which become the property of STATE, shall be safeguarded by PURCHASER. If such improvements are injured, damaged, or removed from the areas of operations by PURCHASER or by contractors of PURCHASER, such improvements shall be repaired (or replaced, in the event of removal,) as soon as possible by PURCHASER, without cost to STATE.

  • Operations and Properties Borrower shall, and shall cause each of its Subsidiaries to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.

  • Materials and Supplies The cost of materials and supplies is allowable. Purchases should be charged at their actual prices after deducting all cash discounts, trade discounts, rebates, and allowances received. Withdrawals from general stores or stockrooms should be charged at cost under any recognized method of pricing, consistently applied. Incoming transportation charges are a proper part of materials and supply costs.

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Business and Properties No business of any Loan Party or any of its Subsidiaries is affected by any fire, explosion, accident, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

  • Budgets Borrower shall have delivered, and Lender shall have approved, the Annual Budget for the current Fiscal Year.

  • Financial Statements and Projections Except for the Projections, all Financial Statements concerning Borrowers and their respective Subsidiaries that are referred to below have been prepared in accordance with GAAP consistently applied throughout the periods covered (except as disclosed therein and except, with respect to unaudited Financial Statements, for the absence of footnotes and normal year-end audit adjustments) and present fairly in all material respects the financial position of the Persons covered thereby as at the dates thereof and the results of their operations and cash flows for the periods then ended.

  • Project Work PURCHASER shall complete the following projects in accordance with the specifications provided in Exhibits B, C, D, E, and F and written instructions from STATE. Project locations are shown on Exhibit A unless otherwise described. PURCHASER shall furnish all material unless otherwise specified.

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