Initial Statement of Work definition
Examples of Initial Statement of Work in a sentence
As used in this Agreement, “Total Investment” means the sum of (A) the Initial License Fee, plus (B) all amounts paid by Arch Coal to ADA for evaluation, research and development activities of ADA under the Initial Statement of Work and all subsequent Statements of Work under this Agreement (collectively, the “Development Costs”), plus (C) the amount needed to yield a * annual return on the Total Investment.
Subject to Section 2.2, Roche shall pay Dexcom the fees set forth in the applicable Statement of Work in accordance with the terms set forth therein (the “Service Fees”) and the milestone payments set forth in the Initial Statement of Work in accordance with the terms set forth therein (the “Milestone Payments”).
The Parties may amend any Statement of Work, including the Initial Statement of Work, at any time by mutual written agreement.
The parties have executed the Initial Statement of Work and may at any time and from time to time enter into additional Statements of Work or waive, modify or amend a Statement of Work by written agreement signed by each party.
The Initial Statement of Work is attached as Schedule A to this Contract.
Each of the Parties shall use its commercially reasonable efforts to perform the Services and deliver the Deliverables in accordance with the Initial Statement of Work and Specification or Final Specifications, as the case may be.
Promptly after the Effective Date, Tesla shall provide TMC with the Deliverables set forth in the Initial Statement of Work and Specification along with an invoice for the non-refundable amount of [***] (“Initial Payment”) which sum will ***Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission.
The Performing Party will use commercially reasonable efforts to correct the Errors so that the Deliverable conforms to the applicable part of the Initial Statement of Work and Specification or Final Specifications, as the case may be, and shall use commercially reasonable efforts to do so within fifteen (15) Business Days of receiving each of the Receiving Party’s written notices regarding the Errors.
Upon its mutual execution, the Initial Statement of Work shall be attached as Exhibit A-1 and form a part of this Agreement and the proposed Statement of Work shall be attached as Exhibit A-2 and form a part of this Agreement.
Upon delivery of a Deliverable, which is a Prototype Powertrain System, by Tesla to TMC, TMC will test whether the Deliverable conforms in all material respects to the applicable part of the Initial Statement of Work and Specification or Final Specifications, as the case may be.