Contribution of Parties Clause Samples

The "Contribution of Parties" clause defines the responsibilities and obligations each party has in providing resources, services, or efforts toward a shared project or agreement. Typically, it outlines what each party is expected to contribute, such as funding, personnel, equipment, or intellectual property, and may specify timelines or standards for these contributions. This clause ensures that all parties are clear on their roles and inputs, helping to prevent misunderstandings and disputes by formally allocating duties and expectations.
Contribution of Parties. CARBONMETA will contribute the following: NBRI will contribute the following:
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Contribution of Parties. Phillips -------- Phillips agrees to maintain, ▇▇▇▇▇▇ ▇nd replace, as necessary, one (1) Ralt RT-41 Atlantic car and engines with electronic fuel injection for approximately 48/50 days of testing and racing. Said car shall be maintained race-ready and in competitive condition with standards equal to or greater than a performance rating equal to or greater than any of the other top competitors in the Series. Phillips shall supply tires a▇ needed for the races and as needed for testing. Phillips shall ▇▇▇▇ly a minimum of two mechanics per car plus a team manager. Phillips shall provide a ▇▇▇▇▇▇▇▇nt number of qualified mechanics and all other personnel required to maintain and operate the car in good and attractive order, as well as all other additional incidental equipment required to properly support the car and its activities. Phillips' fees include management, logistics, transportation, consulting, preparation, car engineering and driver development, and also pays for mechanics' lodging and all other expenses. Phillips will install eigh▇ (▇) ▇▇ags on the trailer in the logo and colors of SC&T Racing. Phillips will provide a hospi▇▇▇▇▇▇ ▇rea that will accommodate up to 15 people. This area will be decorated with the logo and colors of SC&T Racing. Food and beverage also will be provided at each venue. Phillips will reserve six (▇) ▇▇▇▇▇ rooms at each race venue for SC&T Racing attendees. Payment for these rooms will be the responsibility of SC&T Racing. Phillips also will identify a key special events manager for SC&T Racing during the race season as lead contact between Phillips and SC&T Racing. It is the goal of the parties to make every effort possible to win the race and the Series Championship. Phillips agrees to show its due diligence at all times and make maximum effort to provide the necessary equipment and team to accomplish this goal. Consideration ------------- In consideration therefor, and provided Phillips is not in default, SC&T Racing agrees to provide Phillips $605,000 (US) for the 1997 season with payment as follows: $150,000 Deposit of Intent, upon signing this agreement. The balance will be in monthly payments due on the 5th day of the months as follows: December, 1996 $100,000; January, 1997 $50,000; February, 1997 $50,000; March, 1997 $42,000; April, ▇▇▇▇ $▇▇,▇▇0; May, 1997 $42,000; June, 1997 $42,000; July, 1997 $42,000; and the final payment August 1997 of $45,000. All payments will be made by bank transfer after the Deposit of Inte...
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Contribution of Parties. In the event that any Party involuntarily and not based on its gross negligence or willful misconduct incurs a liability to a third party arising solely because it has an Ownership Interest (a “Shared Liability”), the Party that has incurred the Shared Liability shall promptly notify the Management Committee and the other Party, and such other Party shall be liable for fifty percent (50%) of such Shared Liability and shall pay such amount within ten (10) Business Days of written demand therefor; provided, however, that nothing in this Section 14.01(d) shall alter a Party’s indemnity obligations under this Section 14.01. No Party shall have the right to settle or compromise any Claim with respect to a Shared Liability without the approval of the other Party.
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Contribution of Parties. Exclusive of grants which the Conservancy may award to the Authority or the City or the County from time to time, the Conservancy contribution to the Authority shall be less than the current delegation amount in any fiscal year. Contribution is here defined to include monetary contributions, if any, and the reasonable value of the services of any employees of the Conservancy loaned by it to the Authority, if any. The minimum cash contribution of the City, County and Conservancy, for operation of the Authority, shall be one thousand dollars each or such amount as shall be set forth Rev 7-7-04 8 in the budget of the Authority. This section shall not affect the mutual exchange of services between parties to this agreement and the Authority without payment of any consideration other than such services. Such mutual exchange of services is hereby authorized to the extent permitted by Section 6506 of the Government Code.
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Contribution of Parties. The Foundation shall pledge and contribute to the City annual grants from 2015 through 2024 as described on Exhibit A attached hereto. The Board of Trustees of the Foundation may request that the City provide a report of its use of grant money to determine whether grants have been used by the City for Charitable Purposes as described above. The Foundation shall be under no obligation, express or implied, to make any future payments, if its Board of Trustees determines that such Charitable Purposes are not being pursued in a satisfactory manner, or if at any time the Music Center is transferred to an organization or agency that is not recognized by the Internal Revenue Service as either a Code Section 501(c)(3) tax exempt organization, or a Political Subdivision under Code Section 170(c)(1), or, if the City refuses to provide such a report within ninety (90) days of such request. Grants shall be made in accord with the terms and conditions set forth in Exhibit A.
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Contribution of Parties. In consideration of the mutual promises contained herein, the parties agree that they shall make the following annual contributions towards maintaining the program of C/CAG. Each member's contribution shall be its pro-rata share of the revenue needed for the annual budget as adopted by the Board of Directors. The pro-rata share of each agency shall be based upon its population as set forth in a resolution adopted by the Board of Directors pursuant to Section 19. By use of the special voting procedures under special circumstances the Board of Directors may waive contributions. If a member fails to pay its annual contribution, it shall forfeit its voting rights as provided in Paragraph 10 and there shall be no further recourse against it for nonpayment.
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Contribution of Parties. [Describe here what each party will do]
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Contribution of Parties. Except as otherwise expressly set forth herein, if, after the Acquisition Closing Date, a Party bears more than its Ownership Percentage of any liability or obligation arising in connection with ON Line (other than any liability or obligation arising (a) under an Excluded Agreement, (b) from a Party’s business activities that are independent of ON Line and not attributable to ON Line or (c) that is to be borne in a manner other than in accordance with Ownership Percentages by the express terms of this Agreement) and such Party would not be required to indemnify any other Party under this Agreement for any Claim related to such liability or obligation (a “Shared Liability”), the other Parties (proportionally based on their respective Ownership Percentages) shall reimburse the Party that incurred the Shared Liability within ten (10) Business Days after written demand therefor, to the extent of such excess so that the Parties bear that liability or obligation in proportion to their respective Ownership Percentages. No Party shall have the right to settle or compromise any Claim with respect to a Shared Liability without the written approval of each other Party. For the avoidance of doubt, this Section 12.02 shall not require the NVE Parties to make payments for costs or expenses attributable to the Great Basin Segments.
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Contribution of Parties. Each Party shall contribute to the Study such resources as are reasonably necessary to fulfill its obligations set forth in this Agreement.
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Related to Contribution of Parties

  • Negation of Partnership Landlord shall not become or be deemed a partner or a joint venturer with Tenant by reason of the provisions of this Lease.

  • Relation of Parties It is the intention of Landlord and Tenant to hereby create the relationship of landlord and tenant, and no other relationship whatsoever is hereby created. Nothing in this Lease shall be construed to make Landlord and Tenant partners or joint venturers or to render either party hereto liable for any obligation of the other.

  • Termination of Partnership The Partnership shall terminate when all assets of the Partnership, after payment of or due provision for all Liabilities of the Partnership, shall have been distributed to the Partners in the manner provided for in this Agreement, and the Certificate shall have been canceled in the manner provided by the Act.

  • Formation of Partnership The Managing GP, the Liquidation GP and the Limited Partner agreed to and formed a limited partnership pursuant to the laws of the Province of Ontario on October 5, 2007. The parties hereto have agreed to confirm their agreements relating to the Partnership on the terms and conditions set out in this Agreement. The Partnership will be effective as a limited partnership from October 5, 2007, the date on which the Declaration was filed in accordance with the LP Act, and the Partnership will file any documents necessary as a result of the amendments reflected in this Agreement.

  • Initial Capital Contribution and Ownership The Trust Beneficial Owner has paid or has caused to be paid to, or to an account at the direction of, the Trustee, on the date hereof, the sum of $15 (or, in the case of Notes issued with original issue discount, such amount multiplied by the issue price of the Notes). The Trustee hereby acknowledges receipt in trust from the Trust Beneficial Owner, as of the date hereof, of the foregoing contribution, which shall be used along with the proceeds from the sale of the series of Notes to purchase the Funding Agreement. Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.