Commercial Venture definition

Commercial Venture means a commercial business venture between Partner and a Community Group that benefits from Project Infrastructure and Results.
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Commercial Venture means any time the Insured Vessel is used to carry Passenger (s) who have agreed to pay to be on the vessel. It includes any time the Insured Vessel is being operated by a captain or crewmember to prepare for such a trip.
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Examples of Commercial Venture in a sentence

  • All the provisions set forth above are subject to the provisions of and continued existence of the Commercial Venture II contract with the Company and the Defense Reutilization Marketing Service (the "Contract").

  • That certain ground lease for the K- Mart store by and between Commercial Venture Services, Inc.

  • The Parties agree to specifically identify the Projects that may be related to a Commercial Venture and to disclose the Grant Funds associated with such Project(s) to enable Partner and Nonprofit to establish and track the Revenue Target amount.

  • Trigger Date shall mean the date the equity held by the University and by Divisional faculty Inventors is no longer subject to restrictions imposed by the University and may be traded, subject to any remaining restrictions imposed by law, the underwriters, or the Commercial Venture.

  • Equity or equity shares shall mean shares of common or preferred stock, warrants, options, convertible instruments, units of a limited partnership, or any other instrument conveying ownership interest in a Commercial Venture.

  • The structure, timing, amount and form of any Recovery Payment or related benefit or transfer shall be determined by mutual agreement between the Partner and the Nonprofit, with consideration given to the success and sustainability of the Commercial Venture as well as the Recoverable Grant Program.

  • Upon the attainment of Break-even Operations under the Commercial Venture II contract, Executive shall be eligible to earn a cash bonus of up to 33% of his Base Salary as provided in Schedule 2.

  • Partner may engage in a Commercial Venture with a Community Group that benefits from the results of the Project, whose initial project funding came through a Recoverable Grant.

  • Ownership of a company’s stock by the University in the endowment investment pool (EIP) will not alone define the company as a Commercial Venture.

  • For the purposes of this Agreement "Break Even Operations" shall mean the first month in which the cumulative gross profit (revenues less all direct costs) equals or exceeds the cumulative property purchases since the inception of the Commercial Venture II Contract.