Description and Term Sample Clauses
The "Description and Term" clause defines the scope and duration of the agreement or contract. It typically outlines what the agreement covers, such as the services to be provided or the products to be delivered, and specifies the period during which the agreement will be in effect, including start and end dates. This clause ensures that both parties have a clear understanding of their obligations and the timeframe for performance, thereby reducing ambiguity and helping to prevent disputes over the contract’s scope or duration.
Description and Term. This Contract establishes the basic terms and conditions which shall govern all Orders for Equipment, Software or Services between the parties and shall be incorporated by reference in Orders. These terms and conditions can only be varied in writing signed by both parties. Unless otherwise agreed to in writing by Vendor and NSC, if any printed term or condition contained in any Purchase Order, acknowledgment or other form used by Vendor is inconsistent with any term or condition contained herein, the provisions of this contract shall apply and take precedence. This Contract shall remain in effect for a term of 2 years unless terminated by either party upon ninety (90) days prior written notice or otherwise under of the attached Terms and Conditions.
Description and Term. Landlord does hereby rent to Tenant, and Tenant does hereby lease from Landlord, in "as is" condition, all that improved real property having an address of: ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, for the term (“rental period”) beginning on the day of August, 20 and ending on the day of May, 20 , for the sum of Dollars ($ ), and said sum is to be equally divided between the above listed Tenants and each Tenant listed above is to pay said sum in two equal installments with the 1st installment due no later then July1, 20 and the 2nd installment due no later then December 1, 20 . Additionally, any payment which is more than five (5) days late will incur a late charge of five percent (5%) per rental period, which shall be paid in addition to the rent then due. Tenants acknowledge that if any one of them have not paid either of their installment payments by the due dates then said Tenant will be denied access to the property and will not be permitted to move into the property. It is expressly understood and agreed that this Lease Agreement shall be between Landlord and each signatory individually and severally, and that in the event of default by any one signatory, every remaining signatory shall be responsible for timely payment of the rent and all provisions of this Lease Agreement. Notwithstanding this provision, it is further agreed that in the event one or more of the Tenants shall renege on this Lease Agreement by reason of health, dismissal from the University or other reason, they will remain financially responsible under the terms of this Lease Agreement. If a suitable replacement can be found by such Tenant, or if Landlord is able to find a replacement, Landlord may accept the new Tenant and release the original Tenant from his financial responsibility; however, the Tenant shall be held responsible for the payment of any deficieny between his payment pursuant to this Agreement and the new Tenant’s lease Agreement. In either event the initial Tenants non-refundable holding fee ($300) and rental application processing fee ($25) are forfeited and shall not be transferrable to any replacement Tenant. Should Tenant remain in possession of the leased property with the consent of Landlord after the natural expiration of this Agreement, a new tenancy from month to month shall be created between Landlord and Tenant, which shall be subject to all the terms and conditions hereof except that the rent can be increased in an amount to be determined by Landlord.
Description and Term. The drug discovery Target Validation Program shall commence on the Effective Date and be conducted by Lilly and Isis during the Target Validation Program Term in accordance with the Collaborative Research Plan. The Target Validation Program Term shall become effective on the Effective Date and shall continue in effect for four (4) years, unless Lilly exercises it option to extend the Target Validation Program Term, as provided in Section 13.1, the Parties otherwise mutually agree to extend or terminate the Target Validation Program, or the Collaboration is terminated in accordance with Article 13. The Collaborative Research Plan includes the Critical Success Factors for the Target Validation Program including the Critical Success Factors for Validation Targets. By execution of this Agreement, the initial Collaborative Research Plan, including the Critical Success Factors, are approved by each Party. The Joint Research Committee is responsible for implementing the Collaborative Research Plan and any modifications or amendments thereto consistent with the terms of this Agreement.
Description and Term. Authority, in consideration of the rents to be paid and the terms, covenants, and conditions hereinafter set forth, hereby leases to Lessee that certain real property situated in Nueces County, Texas, being a 10.0 acre tract, more or less, depicted on the drawing labeled “Exhibit A” attached hereto and incorporated herein by reference (hereinafter the “Leased Premises”), TO HAVE AND TO HOLD the Leased Premises for a term (the “Primary Term”) of twelve (12) months, beginning the 18th day of April, 2017 (the “Effective Date”), and terminating at midnight, Central Time on the 17th day of April, 2018, unless sooner terminated. Upon the expiration of the Primary Term this Lease Agreement shall be extended on a month to month basis (the “Month to Month Term”) upon the approval of the Authority, not to exceed an additional 6 months, beginning on the 18th Day of April, 2019, during which period either Party shall be entitled to terminate the lease by giving the other Party thirty (30) days prior written notice of such termination.
Description and Term. In consideration of the rents hereinafter reserved and all terms, conditions, covenants, and agreements hereinafter contained, the Lessor hereby leases and demises to the Lessee, and the Lessee hereby hires, leases and takes from the Lessor the property located at ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, Cleveland Tennessee (hereinafter called the Premises).
Description and Term. Landlord hereby leases to tenant and tenant hereby leases from Landlord the premises known as Aspen Meadow Apartments, ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ subject to the terms and provisions hereof for the term beginning on , 20 and ending on , 20 . Tenant acknowledges that Tenant has inspected the premises, and the premises are acceptable in “as is” condition and that they are in good, clean and acceptable repair except as specifically may be otherwise agreed to by both parties in writing.
Description and Term. The Reagent Provision Program shall commence on the Effective Date and be conducted by Isis during the Reagent Provision Term in accordance with 10. the Collaborative Research Plan. The Reagent Provision Term shall become effective on the Effective Date and shall continue in effect for four (4) years, unless Lilly exercises it option to extend the Reagent Provision Term, as provided in Section 13.1, the Parties otherwise mutually agree to extend or terminate the Reagent Provision Program, or the Collaboration is terminated in accordance with Article 13. The Parties estimate that approximately six hundred and seventy-five (675) Targets from any therapeutic area of interest to Lilly will be analyzed in the course of the Reagent Provision Program. Such Targets shall be selected by Lilly and designated as Reagent Targets.
Description and Term. In consideration of the rents hereinafter reserved and all terms, conditions, covenants, and agreements hereinafter contained, the Lessor hereby leases and demises to the Lessee, and the Lessee hereby hires, leases and takes from the Lessor the following-described property (hereinafter called the "Premises"), to wit:
(a) Street Address: ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇.
Description and Term. The Antisense Drug Discovery Program shall continue to be conducted by Isis and Lilly during the Antisense Drug Discovery Term in accordance with the Collaborative Research Plan. The Antisense Drug Discovery Term commenced on the Effective Date and shall continue until the expiration of the Extended Collaboration Term, unless Lilly exercises its option to extend the Antisense Drug Discovery Term, as provided in Section 13.1, the Parties otherwise mutually agree to extend or terminate the Antisense Drug Discovery Program, or the Collaboration is terminated in accordance with Article 13. Lilly and Isis shall use commercially reasonable efforts to develop Drug Discovery ASO Compounds into Development Candidates in accordance with the Collaborative Research Plan. The Collaborative Research Plan includes the Critical Success Factors for the Antisense Drug Discovery Program. By execution of this Agreement the Critical Success Factors are approved by each Party. The Executive Committee is responsible for implementing the Collaborative Research Plan, and any modifications or amendments thereto, consistent with the terms of this Agreement.
Description and Term. 1 (a) Street Address ..................................................... 1 (b) Description ........................................................ 1 (c) Term ............................................................... 1 (d) Possession ......................................................... 1 2. Rent ...................................................................