Common use of Capital Expenditures for Preliminary Unit Clause in Contracts

Capital Expenditures for Preliminary Unit. Notwithstanding the foregoing, the parties agree that the total cost to Licensee for all capital expenditures incurred for the construction of the Preliminary Unit (excluding Licensee’s payment of the Preliminary Phase Fee, any unanticipated Government fees, permit fees and site costs) shall not exceed **REDACTED** unless Licensee, at its election, expands the scope of the Preliminary Phase.

Appears in 2 contracts

Sources: License Agreement (Parabel Inc.), License Agreement (PetroAlgae Inc.)