Project Failure definition

Project Failure means the cancellation of the project, and can be instigated by either party once a Project Pause or Halt is incurred. Project cancellation will result in any outstanding costs to be invoiced to You. Project Halt occurs when the project is unable to progress any further due to various circumstances or non-payment. Written communication between the key contacts is required. Project Pause can be initiated by either party where there is due cause based on extended delays, major faults, unexpected issues or environmental issues. Written communication between the key contacts is required. Project Value Means the value of the fixed price project determined to cover all the deliverables and associated costs as set out in the project description. For Time and Materials projects, this is the estimated number of hours required to complete the project along with any expenses incurred to meet the deliverables defined in the project description. Projects & Professional Services means the Services or other services provided by Us to You as described in the Order Form including where applicable access to Our network (including computer resources, disk storage and computer communication facilities) and the Internet.
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Project Failure has the meaning set forth in Attachment F of the Grant Contract.
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Project Failure is defined in Section 12.3.
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Examples of Project Failure in a sentence

  • Prior to the consummation of the IPO, no Project Failure shall have occurred.

  • The source or cause of Project Failure is often difficult or impossible to definitively determine.

  • Upon the occurrence of Project Failure, RRI shall promptly give written notice of such occurrence to JHSC.

  • In the event the Pre-Development Phase is not completed in accordance with the material terms of the Development Plan ("Project Failure"), then JHSC may purchase the Membership Interest of RRI for a price equal to the then existing balance of RRI's Capital Account.

  • Any dispute as to the occurrence of Project Failure shall be settled pursuant to the terms of Section 8.2 hereof.

  • This Agreement will take effect from the Effective Date and continue until terminated in accordance with the terms of this Agreement and/or Project Failure.

  • If the IPO is not consummated on or prior to December 31, 2016 or in the event of a Project Failure prior to the IPO, INSTITUTE may terminate the Contract in accordance with Article VIII of the Contract and shall have no obligation to reimburse RECIPIENT for any funds expended on the Project from the Effective Date through the Termination Date.


More Definitions of Project Failure

Project Failure means an event that leads to a declaration by RECIPIENT that the Project is no longer commercially viable due to an adverse safety or efficacy event.
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Project Failure means if the GIF Activity is terminated at any stage by mutual agreement between the GIF Activity Implementation Team and the Government Counterpart because the project is found to be non-viable, based on project preparation, appraisal, and structuring work; at transaction stage because the project does not receive a viable bid; or after commercial close because a winning bidder is unable to secure financing;
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Related to Project Failure

  • Tenant Delay means any delays to the Substantial Completion of Landlord’s Work arising as a result of any of the following (collectively, “Tenant Delays”): (a) Tenant’s failure to comply with Tenant’s obligations under the Lease or this Work Letter, including Tenant’s failure to act on any items required by this Work Letter, within the applicable time period(s) provided in the Lease or this Work Letter; (b) Change Orders; (c) Tenant’s failure to comply with, or interference with, Landlord’s Contractor’s schedule; (d) the acts or omissions of Tenant, or the Tenant Parties (including, without limitation, failure to comply with its obligations under the Lease and this Work Letter within the time periods set forth herein, and failure to make any monetary deposit (or increase in the Letter of Credit) within the time required hereunder for such deposit); (e) the performance of Tenant’s Work (or installation of cabling or furniture pursuant to the Lease) while Landlord’s Work is being performed; (f) Tenant’s failure to respond to any request for consent or approval of any change in Landlord’s Plans or Landlord’s Work or to any change in any plans and specifications therefor resulting from any requirement of the City of Mountain View or from any change thereto requested by Tenant, or to otherwise act within the time provided for herein for such consent, approval, response or action, or, if no such time is provided for herein, within two (2) Business Days after receipt of Landlord’s request, or (g) construction of the Sky Bridge, to the extent Landlord has used commercially reasonable, good faith efforts to avoid such delay in Landlord’s Work related to the Sky Bridge. Any period of Tenant Delay shall begin on (i) the date specified in Landlord’s written request for consent or approval provided such request contains the caption “TENANT’S FAILURE TO RESPOND WITHIN (_) BUSINESS DAYS SHALL RESULT IN THE COMMENCEMENT OF A PERIOD OF TENANT DELAY” in bold face, 12-point type and with the applicable number of Business Days inserted, or (ii) as to any other Tenant Delay not covered by request specified in clause (i), the date on which Landlord gives Tenant written notice that a Tenant Delay has occurred (which notice must contain the caption “NOTICE OF TENANT DELAY” in bold face, 12-point type).

  • Subproject means a Subproject under the Project that meets the Subproject eligibility criteria set forth in paragraph 2 of Schedule 5 to this Loan Agreement;