Tangible benefit Sample Clauses

A "Tangible benefit" clause defines and specifies the concrete, measurable advantages or gains that a party is expected to receive under an agreement. This clause typically outlines what constitutes a tangible benefit, such as cost savings, increased revenue, or delivery of physical goods, and may set criteria for how these benefits are to be assessed or verified. By clearly identifying what tangible benefits are expected, the clause helps ensure that both parties have a mutual understanding of the value being exchanged and reduces the risk of disputes over whether contractual obligations have been met.
Tangible benefit. Novartis will receive a tangible benefit as set forth in Exhibit A.
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Tangible benefit. Savings to the Government that can be measured in terms of dollars.
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Tangible benefit. Novartis Healthcare will be mentioned in the information material.
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Related to Tangible benefit

  • Tangible Assets The Target owns or leases all buildings, machinery, equipment, and other tangible assets necessary for the conduct of its business as presently conducted and as presently proposed to be conducted. Each such tangible asset is free from defects (patent and latent), has been maintained in accordance with normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the purposes for which it presently is used and presently is proposed to be used.

  • Tangible Property Except for specific items which may be owned by independent contractors, the machinery, equipment, fixtures, tools and supplies used in connection with the Resort, including without limitation, with respect to the operations and maintenance of the Common Elements, are owned either by Borrower, Silverleaf Club, or the applicable Timeshare Owners’ Association.

  • Intangible Property Intangible and intellectual property of this award shall generally follow provisions established in 2 CFR § 200.315.

  • Property and Assets The Company has good title to all of its material properties and assets, including all properties and assets reflected in the Balance Sheet, except those disposed of since the date thereof in the ordinary course of business, and none of such properties or assets is subject to any mortgage, pledge, lien, security interest, lease, charge or encumbrance other than those the material terms of which are described in Section 3.12 of the Disclosure Schedule.

  • Intangible Assets 4,912 Other assets........................................................... 113,928 Total assets........................................................... 6,920,723 CONTINUED ON NEXT PAGE