Qualification Phase Sample Clauses

Qualification Phase. For clarity, during the Qualification Phase each Party shall bear its own Costs under this Agreement, except that (a) the Costs for tender-specific raw materials incurred during or in relation to the Qualification Phase, and (b) the Costs for the qualification of suppliers in accordance with the Scope of Work and the Pandemic Preparedness Plan up to a maximum amount of two million three hundred thousand Euros (EUR 2,300,000) (“Shared Qualification Costs”) shall be shared equally between GSK and CureVac in accordance with this Section 6.
Sample 1
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Qualification Phase. In the second phase, banks qualify for entry into the banking union and for a European banking license. Both, individual banks and national supervisors can apply for admittance of a bank into the European banking union. In order to prevent delayed applications, a fixed deadline after which only banks with a European banking license remain on the market will be specified. Qualification for a European banking license involves a complete re-assessment of the value of banks’ assets – including claims vis-à-vis the government – through external experts. Also, banks obtaining a European banking license must meet the full regulatory requirements of Basel III as well as a Leverage Ratio of at least 5% of total on- and off- balance sheet activities (German Council of Economic Experts, 2012b). European authorities can admit a bank into the banking union after the qualification and screening phase has successfully been completed. Hence, banks would enter the banking union successively. Until banks have obtained a European banking license, liability and control would remain at the national level. In order to prevent European authorities to be swamped by applications of possibly thousands of banks, banks would be classified into different groups according to, for example, their size. In a first wave, only the largest banks such as those currently monitored by the European Banking Authority would have to qualify for entry into the banking union. The second wave of application with qualification and screening would consist of mid-sized banks and the final third wave of small banks. For each of the respective banks, group-specific deadlines for application for a European banking license would be specified. The criterion according to which banks are classified should refer to a point in time in the past in order to prevent manipulation. Given the continuing instabilities on financial markets, restructuring and, in particular, the winding down of large financial institutions is unlikely to occur. Authorities might fear that such an event could trigger contagion effects. This implies though that larger and potentially systemically important financial institutions in distress have incentives to xxxxxx for resurrection. In order to minimize the risk emanating from such behavior, European authorities already established in the first phase should, in parallel to national authorities, co- supervise even those financial institutions for which the group-specific deadlines have not ...
Sample 1
Qualification Phase. 3.3.1 POWERCHIP shall, in accordance with the SCHEDULE and in accordance with PURCHASE ORDERS submitted by RSP to POWERCHIP pursuant to Article 4, manufacture such quantity of SAMPLES and/or RISK PRODUCTION PRODUCTS and provide RSP with such SAMPLES. 3.3.2 RSP shall use the QUALIFICATION PROCEDURE to evaluate and confirm whether the SAMPLES and/or RISK PRODUCTION PRODUCTS meet the PURCHASING SPECIFICATION. Upon written request by RSP, POWERCHIP may conduct portions of such evaluations using the QUALIFICATION PROCEDURE as requested by RSP and in such case, POWERCHIP shall provide RSP a detailed report in writing describing the results of such evaluation. 3.3.3 If the SAMPLES and/or RISK PRODUCTION do not conform to the PURCHASING SPECIFICATION, POWERCHIP shall exercise best efforts to correct all failures in order to meet the PURCHASING SPECIFICATION and thereafter POWERCHIP shall again manufacture such quantity of SAMPLES as the PARTIES may agree which SAMPLES shall be again be evaluated as set forth in Section 3.3.2. Each PARTY’S obligations set forth in Sections 3.3.1-3.3.3 shall continue until (i) RSP and POWERCHIP determine that the SAMPLES and RISK PRODUCTION PRODUCTS meet the PURCHASING SPECIFICATION and RSP notifies POWERCHIP in writing that the SAMPLES and RISK PRODUCTION PRODUCTS are in full compliance with the PURCHASING SPECIFICATION (“MASS PRODUCTION NOTICE”), or (ii) POWERCHIP fails to manufacture SAMPLES and/or RISK PRODUCTION PRODUCTS that meet the PURCHASING SPECIFICATION within ninth month after the first test run or after five hundred (500) test run wafers are consumed, whichever comes earlier. 3.3.4 Upon the occurrence of the event specified in Section 3.3.3(ii), the PARTIES shall meet and discuss in good faith what actions POWERCHIP should take. 3.3.5 POWERCHIP shall test all SAMPLES and RISK PRODUCTION PRODUCTS in accordance with such tests set forth in the PURCHASING SPECIFICATION as may be specified by RSP prior to shipping SAMPLES and/or RISK PRODUCTION PRODUCTS to RSP. At RSP’s request, POWERCHIP shall provide RSP with WAT (WAFER ACCEPTANCE TEST), PCM (PROCESS CONTROL MONITOR) for SAMPLES and RISK PRODUCTION PRODUCTS, provided that such test services are under the scope of PURCHASE ORDERS.
Sample 1

Related to Qualification Phase

  • Schematic Design Phase 1.2.1 Based on the mutually agreed upon Program of Requirements, Amount Available for the Construction Contract and the Project Schedule, the Architect/Engineer shall prepare sufficient alternative approaches utilizing BIM for design and construction of the Project to satisfy Owner’s project requirements and shall, at completion of this phase, submit Schematic Design Documents derived from the model in accordance with the BIM Execution Plan, “Facility Design Guidelines” and any additional requirements set forth in Article 15. The Architect/Engineer shall review alternative approaches to design and construction for the Project as they are being modeled at intervals appropriate to the progress of the Project with the Owner and Construction Manager at the Project site or other location specified by the Owner within the State of Texas. The Architect/Engineer shall utilize the model(s) to support the review process during Schematic Design. The Architect/Engineer shall provide the Construction Manager with a compact disc containing documents and data files derived from the model to assist the Construction Manager in fulfilling its responsibilities to the Owner. 1.2.2 Architect/Engineer shall provide all services necessary to perform the services of this phase (preparation of model(s), relevant data, decision support model views and Schematic Design Documents) including, without limitation, unless otherwise approved by Owner, the preparation and prompt delivery of all items specified in the BIM Execution Plan and “Facility Design Guidelines”. 1.2.3 Architect/Engineer shall work closely with Owner in preparation of schematic drawings and shall specifically conform to Owner’s requirements regarding aesthetic design issues. 1.2.4 The Architect/Engineer shall review the Estimated Construction Cost prepared by the Construction Manager, and shall provide written comments. 1.2.5 Before proceeding into the Design Development Phase, the Architect/Engineer shall obtain Owner’s written acceptance of the Schematic Design documents and approval of the Architect/Engineer’s preliminary Estimated Construction Cost and schedule. 1.2.6 The Architect/Engineer shall participate in a final review of the Schematic Design Documents and model(s) with the Owner and Construction Manager at the Project site or other location specified by Owner in the State of Texas. Prior to the Owner’s approval of the Schematic Design Documents, the Architect/Engineer shall incorporate such changes as are necessary to satisfy the Owner’s review comments, any of which may be appealed for good cause.

  • Preconstruction Phase The Preconstruction Phase shall mean the period commencing on the date of this CM/GC Contract and ending upon commencement of the Construction Phase; provided that if the Owner and CM/GC agree, the Construction Phase may commence before the Preconstruction Phase is completed, in which case both phases shall proceed concurrently, subject to the terms and conditions of the Contract Documents.

  • Construction Phase Part 1 –

  • Design Phase All Basic Services set forth in the Agreement with the exception of Interdisciplinary Document Coordination Review, conducting a Card Trick session, Value-Engineering services, Estimating services. • All Basic Services set forth in the Agreement. • All Basic Services set forth in the Agreement. • All Basic Services set forth in the Agreement.

  • CFR PART 200 Contract Provisions Explanation Required Federal contract provisions of Federal Regulations for Contracts for contracts with ESC Region 8 and TIPS Members: The following provisions are required to be in place and agreed if the procurement is funded in any part with federal funds. The ESC Region 8 and TIPS Members are the subgrantee or Subrecipient by definition. Most of the provisions are located in 2 CFR PART 200 - Appendix II to Part 200—Contract Provisions for Non-Federal Entity Contracts Under Federal Awards at 2 CFR PART 200. Others are included within 2 CFR part 200 et al. In addition to other provisions required by the Federal agency or non-Federal entity, all contracts made by the non- Federal entity under the Federal award must contain provisions covering the following, as applicable. Contracts for more than the simplified acquisition threshold currently set at $250,000, which is the inflation adjusted amount determined by the Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) as authorized by 41 U.S.C. 1908, must address administrative, contractual, or legal remedies in instances where contractors violate or breach contract terms, and provide for such sanctions and penalties as appropriate. Notice: Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves all rights and privileges under the applicable laws and regulations with respect to this procurement in the event of breach of contract by either party. Does vendor agree? Yes

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • BASIC PROVISIONS A. Employer's Name: [....] Address: [....] B. The Employer is a ( ) corporation; ( ) S Corporation; ( ) partnership; ( ) Sole Proprietor; ( ) Other: [....] C. Employer's Tax ID Number: [....]

  • Completion of Concrete Pours and Emergency Work (a) Except as provided in this sub-clause an Employee shall nor work or be required to work in the rain. (b) Employees shall not be required to start a concrete pour in Inclement Weather. (c) Where a concrete pour has been commenced prior to the commencement of a period of Inclement Weather Employees may be required to complete such concrete pour to a practical stage and for such work shall be paid at the rate of double time calculated to the next hour, and in the case of wet weather shall be provided with adequate wet weather gear. (d) If an Employee’s clothes become wet as a result of working in the rain during a concrete pour the Employee shall, unless the Employee has a change of dry working clothes available, be allowed to go home without loss of pay. (e) The provisions of clauses 32.7(c) and 32.7(d) hereof shall also apply in the case of emergency work where the Employees concerned and their delegates agree that the work is of an emergency nature and can start and/or proceed.

  • Production Phase contract period in which the Development and the Production are to be performed.

  • Construction Administration Phase Delete the following paragraph if Submittal Exchange isn’t going to be used: 2.

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