Proposed Improvement definition
Examples of Proposed Improvement in a sentence
If the Improvement Right of First Refusal is declined by the other Party, then the Improving Party will be able to perform the Proposed Improvement Project for improvements independently provided that it grants the licenses related to such improvements to the producing entity as set forth in Section 6.3(b) and 6.5(b) and to the other Party if applicable as set forth in Section 6.3(b).
In the event that the other Party provides no notice or declines in writing during the said 60 period, the Improving Party shall thereafter be free to engage in the Proposed Improvement Project either alone or with one or more Third Parties.
In the event that the Improving Party desires to modify the terms of any Proposed Improvement Project in any way that makes such transaction more favorable to the Improving Party (or potentially to the other Party), the Improving Party shall provide written notice thereof to the other Party and the 60 day period shall commence anew.
The Improving Party shall not commence the Proposed Improvement Project without the other Party for a period of 60 days from the date of notice being given to the other Party or until the Improving Party receives written notice from the other Party that the other Party does not wish to enter into such Proposed Improvement Project with the Improving Party, whichever is earliest.
Proposed Improvement – Create a city-wide Bicycle and Pedestrian Path Network Plan to connect existing route segments and further integrate the City’s network with the Counties’ and nearby State bicycle and pedestrian networks.
In the event of any dispute among the parties with respect to the Proposed Improvement Calculations, including the Net Improvement Expenses Overage Amount, such dispute shall be resolved in accordance with the procedures described in Section 2.5(c) mutatis mutandis.
If Tenant does not complete each and every Proposed Improvement within following the Commencement Date and in the manner provided herein, such failure shall constitute a breach of the Lease.
In the case the JV Company is the producing entity, the R&D costs associated with the Proposed Improvement Project incurred by the Improving Party will be recovered by the Improving Party plus a [*] Internal Rate of Return, before sharing profits in an amount to be agreed by the Management Committee.
Proposed Improvement - Nature of work: Construction of a riverwalk along the Kinnickinnic River.
The Authorized Representative of the Authority shall approve or disapprove the Proposed Improvement with respect to the Emergency Condition as promptly as practicable in light of the Emergency Condition.