Special Projects procedure Sample Clauses

Special Projects procedure. 5.13.1 In case a Party desires to pursue an investment, acquisition, development or similar that is or may be subject to the non-competition undertaking set out in Clause 11.1 (a “Special Project”), such Party shall present the Special Project (setting out the reasonable terms and conditions applicable to the Special Project) to the Board and the Board shall convene as soon as reasonably possible (taking into account that time may be of the essence to conclude the Special Project). 5.13.2 Unless the Board passes a resolution within 20 days of receipt of such presentation (the “Special Project Time Period”) to accept the JV Company to assume and to carry out the Special Project (pursuant to the reasonable terms and conditions as set out the presentation of the Special Project), the requesting Party shall be entitled to carry out the Special Project notwithstanding that the Special Project could result in operations for the requesting Party which could be in breach of the non-competition undertaking set out in Clause 11.1. The same shall apply if the Board at any time during the Special Project Time Period, including any prolongation thereof resolved by the Board, passes a resolution not to accept the JV Company to assume and to carry out the Special Project. The Board shall be entitled to resolve to prolong the Special Project Time Period to the extent the Board deems necessary in order for the Board to evaluate the Special Project. 5.13.3 For the avoidance of doubt and subject to the Special Project procedure set out in this Clause 5.13, the other Party agrees and accepts that the requesting Party while carrying out the Special Project will have certain operations in breach of the non-competition undertaking set out in Clause 11.1. The Parties agree that this Clause shall to no extent restrict the operations of the JV Group. 5.13.4 For the avoidance of doubt, the provisions regarding Deadlock procedure in Clause 5.7 and Conflicts of Interest in Clause 5.8 shall not apply for the Special Project procedure in this Clause 5.13.
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Related to Special Projects procedure

  • Construction Progress Schedule A schedule indicating proposed activity sequences and durations, milestone dates for receipt and approval of pertinent information, preparation, submittal, and processing of Shop Drawings and Samples, delivery of materials or equipment requiring long-lead time procurement, and proposed date(s) of Material Completion and Occupancy and Final Completion. The schedule will be developed to represent the sixteen or seventeen CSI Specification Divisions. It shall have a minimum number of activities as required to adequately represent to Owner the complete scope of work and define the Project’s critical path and associated activities. If the Project is to be phased, then each individual Phase should be identified from start through completion of the overall Project and should be individually scheduled and described, including any Owner’s occupancy requirements and showing portions of the Project having occupancy priority. The format of the schedule will have dependencies indicated on a monthly grid identifying milestone dates such as construction start, phase construction, structural top out, dry-in, rough-in completion, metal stud and drywall completion, equipment installation, systems operational, Material Completion and Occupancy Date, final inspection dates, Punchlist, and Final Completion date.

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