Qualification as Project Clause Samples
The 'Qualification as Project' clause defines the criteria or conditions under which a particular initiative or activity is formally recognized as a 'Project' under the agreement. Typically, this clause outlines specific requirements such as scope, objectives, deliverables, or approval processes that must be met for an endeavor to attain project status. For example, it may require written confirmation from both parties or adherence to a defined project plan. The core function of this clause is to ensure clarity and mutual understanding about which activities are governed by the project's terms, thereby preventing disputes over the applicability of contractual obligations.
Qualification as Project. (a) The Tenant will not take any action, or fail to take any action, which action or failure to act would cause the Facility not to constitute a “project” as such quoted term is defined in the Act. Without limiting the generality of the foregoing, the Tenant will in no event use the Demised Premises in such a way as to cause or permit the Facility to be used in violation of Section 862(2)(a) of the Act.
(b) The occupation of the Demised Premises has not and will not result in the removal of a facility or plant of the Tenant from one area of the State to another area of the State or in the abandonment of one or more plants or facilities of the Tenant located within the State.
Qualification as Project. The Tenant will not take any action, or fail to take any action, which action or failure to act would cause the Facility not to constitute a “project” as such quoted term is defined in the Act. Without limiting the generality of the foregoing, the Tenant will in no event use the Demised Premises in such a way as to cause or permit the Facility to be used in violation of Section 862(2)(a) of the Act.
Qualification as Project. (a) The Sublessees will not take any action, or fail to take any action, which action or failure to act would cause the Facility not to constitute a “project” as such quoted term is defined in the Act. Without limiting the generality of the foregoing, the Sublessees will in no event use the Facility in such a way as to cause or permit the Facility to be used in violation of Section 862(2)(a) of the Act.
(b) The occupation of the Facility has not and will not result in the removal of a facility or plant of either Sublessee from one area of the State to another area of the State or in the abandonment of one or more plants or facilities of either Sublessee located within the State, unless it is reasonably necessary to discourage such Sublessee from removing a facility or plant of such Sublessee located within the State to a location outside of the State or to preserve the competitive position of each Sublessee in its industry.
Qualification as Project. The Tenant will not take any action or fail to take any action which action or failure to act would cause the Facility not to constitute project as such quoted term is defined in the Act Without limiting the generality of the foregoing the Tenant will in no event use the Demised Premises in such way as to cause or permit the Facility to be used in violation of Section 8622a ofthe Act The occupation of the Demised Premises has not and will not result in the removal of facility or plant of the Tenant from one area of the State to another area of the State or in the abandonment of one or more plants or facilities of the Tenant located within the State