Future Units definition
Examples of Future Units in a sentence
For all IndianOil Future Units the Parties agreed to mutually agree payment terms being based on either lump sum or running royalties.
Third Party Future Units, i.e. units set up by persons other than IndianOil and or its Affiliate, using the Licensed Process (“Third Party Future Units”).
Any proceeds exceeding the costs of Repairs shall be divided between the Owners in the same proportion as the Common Interests appurtenant to their respective Future Units bears to 100%, and the portions of such net proceeds as so divided shall be paid to each Owner after first paying to any mortgagees of the Property and any other holders of liens against the Property out of each Owner's share, the amount of any unpaid liens for which such Owner is responsible, in the order of their priority.
In accordance with the foregoing, Parties agree that lump sum licensing charges by LanzaTech for IndianOil Future Units is [***].