Program Asset definition
Examples of Program Asset in a sentence
B.3.a/b Non-RPS Applicable Program assets associated with REC Delivery (leave boxes unchecked if none applicable and this is currently a voluntary market transaction, use Annex 2 for additional non-RPS Applicable Program Asset details) Carbon market allocation to specific unit or aggregation program associated aggregation program associated with REC Delivery Official Federal and/or State/Regional approval by for [number] of [offset credits/offset allowances] for the [program] on [date] .
B.3.a/b Non-RPS Applicable Program assets associated with REC Delivery (leave boxes unchecked if none applicable and this is currently a voluntary market transaction, use Annex 2 for additional non-RPS Applicable Program Asset details) Carbon market allocation to specific unit or aggregation program associated with REC Delivery Official Federal and/or State/Regional approval by for [number] of [allowances] for the [program] on [date].
Unless the Parties agree otherwise in writing, a “Provider” is (i) any entity of the Government that receives or uses MCC Funding or any other Program Asset in carrying out activities in furtherance of this Compact or (ii) any third party that receives at least US$50,000 in the aggregate of MCC Funding (other than as salary or compensation as an employee of an entity of the Government) during the Compact Term.
Unless the Parties agree otherwise in writing, a “Provider” is (i) any entity of the Government that receives or uses MCC Funding or any other Program Asset in carrying out activities in furtherance of this Compact, or (ii) any third party that receives at least Fifty Thousand United Stated Dollars (US$50,000) in the aggregate of MCC Funding (other than as salary or compensation as an employee of an entity of the Government) during the Compact Term.
The Government shall ensure that no Program Asset consisting of real property is (A) subject to any lease or sub-lease arrangement, in whole or in part or (B) sold, donated or otherwise disposed of, in whole or in part; except, in each of the foregoing cases, with MCC’s prior written approval.
Buyer shall, from time to time upon the Stockholder Representative’s request, provide any updates, data and other information reasonably requested by the Stockholder Representative regarding the activities of Buyer and its Development Partners related to the development of the Program Asset Products.
The aggregate consideration to be paid by Buyer with respect to each Program Asset Product shall be determined pursuant to Article VII (collectively, the “Program Payments”).
Buyer, itself or through a Development Partner, shall initiate a Clinical Trial with respect to at least two (2) Program Asset Products within eighteen (18) months after the Effective Date.
If a Program Asset Product Agreement is terminated, in whole or in part, and another Program Asset Product Agreement is later executed in which substantially the same rights to the same Program Asset Product are granted to the same Sublicensee or its Affiliates, the execution date applicable to the original Program Asset Product Agreement will control for purposes of this Section 73.
Notwithstanding anything to the contrary herein, it is expressly understood that Sections 8.1, and 8.3 through 8.5 are to be applied separately to each Program Asset Product and the failure to exert Commercially Reasonable Efforts with respect to a specific Program Asset Product shall not result in termination of this Agreement or reversion with respect to any other Program Asset Product for which Buyer is meeting its obligations under Section 8.1.