SECOND PLACE PRIZE Sample Clauses

SECOND PLACE PRIZE. The Second Place Prize will be awarded to the second TEAM to fully complete the Google Lunar X PRIZE Requirements, as described in this Agreement. The Second Place Prize will have a value of $5,000,000 (five million U.S. Dollars) if earned by 11:59:59 PM Pacific Standard Time at the end of December 31, 2015. Following December 31, 2015, the Second Place Prize may be terminated or extended at the sole discretion of XPF. At the sole discretion of Google and XPF, if mutually agreed, the Second Place Prize may be awarded as an effective consolation paid out before the Grand Prize if a TEAM has met or exceeded the majority of the Google Lunar X PRIZE Mission Requirements, but has failed to fully complete the Google Lunar X PRIZE Mission Requirements. In order to be eligible, a TEAM must demonstrate that the failure to complete all of the Google Lunar X PRIZE Mission Requirements would have been unforeseen in the eyes of a reasonable contestant, and that the CRAFT was designed and built in an attempt to accomplish all of the Google Lunar X PRIZE Mission Requirements. For example, the Second Place Prize could be granted before the Grand Prize, leaving the Grand Prize still available, if a TEAM successfully lands the first ever privately funded CRAFT on the lunar surface and returns all or part of the required Arrival Mooncast to Earth, but experiences a mechanical failure that prevents the CRAFT from roaming the required 500 meters and/or transmitting the Mission Complete Mooncast. Should the Second Place Prize be awarded as a consolation prize in this matter, it shall have a value of $5,000,000 (five million U.S. Dollars). However, if the Grand Prize is not claimed prior to the expiration of the Google Lunar X PRIZE, an additional $5,000,000 (five million U.S. Dollars) shall be awarded to the Second Place Prize winner. The Second Place Prize may not be won by the Grand Prize winner, except in the case where Google and XPF have elected to award the Second Place Prize as a consolation prize prior to awarding the Grand Prize. In that case alone, the Second Place Prize TEAM may compete for the Grand Prize; if they should claim it, $5,000,000 (five million U.S. Dollars) will be removed from the Grand Prize to create a new Third Place Prize, which may not be claimed by the same TEAM. In all other cases, the Grand Prize winner may not claim Second Place, nor may any other TEAM win Second Place with a substantially similar vehicle purchased, borrowed, copied, or license...
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Related to SECOND PLACE PRIZE

  • Date and Place of Closing The closing (the “Closing”) hereunder with respect to the issuance and sale of the shares of Common Stock and the consummation of the related transactions contemplated hereby shall, subject to the satisfaction or waiver of the applicable conditions set forth in Article VII, take place at the offices of Xxxxxx & Xxxxxxxxx, P.C., 0 Xxxxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxx 00000 at the same time and on the same date (the “Closing Date”) as the closing of the sale of the Debenture.

  • Time and Place of the Closing If the conditions referred to in Article 9 and Article 10 have been satisfied or waived in writing, and subject to any extensions provided for herein, the consummation of the transactions contemplated by this Agreement (the “Closing”) shall take place at the offices of Akin, Gump, Strauss, Xxxxx & Xxxx, L.L.P., whose address is 0000 Xxxxxxxxx, 00xx Xxxxx, Xxxxxxx, XX 00000, at 10:00 a.m. Houston, Texas time on October 1, 2013, or such other date that is mutually agreed by the Parties or to which the Closing is postponed pursuant to this Agreement (the “Closing Date”).

  • Date and Place Signature (and Company Stamp) : ............................................................................................................

  • Date, Time and Place of Closing The time, place and date of the Formation Transaction shall be at 10:00 a.m. in the office of DLA Piper LLP (US), 00 Xxxx Xxxxxx, 00xx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx on the day on which the Company receives the proceeds from the Public Offering from the underwriters thereof (the “Closing” or “Closing Date”); provided, however, that the Contributor shall deliver the Closing Documents into a closing escrow established by the Company and the Operating Partnership one (1) business day prior to the expected Closing Date.

  • Closing Date and Place 15. Closing shall take place at the office of at o’clock on , 20 or, upon reasonable notice (by telephone or otherwise) by Purchaser, at the office of

  • Principal Place of Business The principal place of business of the Company shall be 0000 Xxxxxx Xxxxxxx, Xxxxxxxx Xxxx, Xxxxxx, 00000. The Manager may relocate the principal place of business or establish additional offices from time to time.

  • Principal Place of Business; State of Organization Borrower will not cause or permit any change to be made in its name, identity (including its trade name or names), place of organization or formation (as set forth in Section 4.1.36 hereof) or Borrower’s corporate or partnership or other structure unless Borrower shall have first notified Lender in writing of such change at least thirty (30) days prior to the effective date of such change, and shall have first taken all action required by Lender for the purpose of perfecting or protecting the lien and security interests of Lender pursuant to this Agreement, and the other Loan Documents and, in the case of a change in Borrower’s structure, without first obtaining the prior written consent of Lender, which consent may given or denied in Lender’s sole discretion. Upon Lender’s request, Borrower shall, at Borrower’s sole cost and expense, execute and deliver additional security agreements and other instruments which may be necessary to effectively evidence or perfect Lender’s security interest in the Property as a result of such change of principal place of business or place of organization. Borrower’s principal place of business and chief executive office, and the place where Borrower keeps its books and records, including recorded data of any kind or nature, regardless of the medium or recording, including software, writings, plans, specifications and schematics, has been for the preceding four months (or, if less, the entire period of the existence of Borrower) and will continue to be the address of Borrower set forth at the introductory paragraph of this Agreement (unless Borrower notifies Lender in writing at least thirty (30) days prior to the date of such change). Borrower shall promptly notify Lender of any change in its organizational identification number. If Borrower does not now have an organizational identification number and later obtains one, Borrower promptly shall notify Lender of such organizational identification number.

  • Time and Place Unless this Agreement shall have been terminated pursuant to Section 2.06, and subject to the satisfaction or waiver of the conditions in Section 2.01, the closing of the contributions contemplated by Section 1.01 and the other transactions contemplated by this Agreement shall occur substantially concurrently with the receipt by the REIT of the proceeds from the Offering from the underwriters (the “Closing” or the “Closing Date”) in the order set forth on Exhibit F. The Closing shall take place at the offices of Xxxxxx & Xxxxxxx LLP, 000 Xxxxx Xxxxx Xxxxxx, Xxx Xxxxxxx, Xxxxxxxxxx 00000 or such other place as determined by the REIT in its sole discretion.

  • Time and Place of Closing The closing of the transactions contemplated hereby (the "Closing") will take place at 9:00 A.M. on the date that the Effective Time occurs (or the immediately preceding day if the Effective Time is earlier than 9:00 A.M.), or at such other time as the Parties, acting through their authorized officers, may mutually agree. The Closing shall be held at such location as may be mutually agreed upon by the Parties.

  • Chief Executive Office and Principal Place of Business The chief executive office and principal place of business of Seller is located at 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxx Xxxxx, Xxxxx 00000.

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