Development Project Clause Samples

Development Project. Scope of Development Project 1.02 Cost of Development Project

Development Project. Ulthera may, at its discretion, provide from time to time a written request to GTS for development activities related to the Field (the “Development Project”). Upon receipt of such a request for a Development Project, GTS shall then submit to Ulthera in a timely manner (i) a specification for each requested Development Project, (ii) an estimate of the budget required for each requested Development Project (the “Development Budget”), wherein said Development Budget is based on commercially reasonable costs and fees, (iii) the anticipated number of months required to complete the development of such Development Project (the “Development Period”), (iv) technical specifications related to the Development Project (the “Specifications”), and (v) a schedule of providing deliverables and associated compensation adjustments for late delivery (collectively, the foregoing submission being [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. the “Proposal”). The Proposal and any related agreements for Development Services shall be negotiated in good faith by the Parties.

Development Project. The Feasibility Study shall be overseen by a Joint Project Team selected by the Joint Steering Committee. Activities under the Feasibility Study shall include, but not be limited to: conducting additional technical feasibility activities, as needed, including evaluation of Strain development and related chemistry/downstream processing steps, determining the relevant market for the intended Product (including timing for market entry and evaluation of market acceptance), determining any required testing/certification activities, analyzing supply chain and commercial production costs, reviewing the intellectual property landscape, evaluating risks and benefits of proceeding with the development of a Candidate Compound, creating a preliminary development plan and related time and cost estimate and creating a preliminary Commercialization Plan. It is expected that each Feasibility Study, together with the preparation of the Development Project Proposal for a specific Candidate Compound, if applicable, will take an average of sixteen (16) weeks (or longer in the case of New Technology Activities), which may vary depending on the complexity of the issues to be addressed in the Feasibility Plan.

Development Project. 29.1 In order to fulfill the evolving customer requirements/needs and to cope with the rapidly changing technology advances, Clarient and DakoCytomation have agreed to mutually develop the Products into next generation Products. 29.2 Clarient will perform the research and development work under this Agreement. Clarient may engage subcontractors to assist in such work but shall secure from each such subcontractor confidentiality undertakings in accordance with Article 31. 29.3 The Parties have agreed to enter into a Development Project with the goal to develop the ACIS III Instrument and Software based on the current Clarient ChromaVision ACIS II instrument and software. The Product and Technical Specifications for the ACIS III Instrument and Software are set forth in Exhibit 14 to this Agreement. The Research and Development Project is defined in the Project Plan in Exhibit 15 to this Agreement. 29.4 The Parties agree that the enclosed version of Exhibits 14 and 15 is only preliminary. The Parties agree to negotiate a final version of Exhibits 14 and 15 within thirty (30) days of the Effective Date and that the final version of Exhibits 14 and 15 will supersede the current version of Exhibits 14 and 15 as soon as it is approved by both Parties in writing. Furthermore, the Parties agree that the entire Agreement will cease (including cancellation of DakoCytomation’s initial Purchase Order described in Article 8.1) should the Parties not be able to agree on a final version of Exhibits 14 and 15 within thirty (30) days of the Effective Date. Any disputes regarding the finalization of Exhibits 14 and 15 shall be solved according to the Dispute Resolution Procedure set forth in article 29.9 below. 29.5 Notwithstanding the provisions herein, Clarient will initiate the research and development work within thirty (30) days of the Effective Date. 29.6 The Parties will mutually agree to any changes and amendments to Exhibits 14 and 15, including but not limited to all design files, project milestones and phase gate documentation. DakoCytomation shall participate in all design review, risk management and other general project management.

Development Project refers to the project document, preparing by the Contractor in accordance with the Legislation requirements and containing all the necessary information on deposit development and construction.

Development Project. Property to be combined with Developer’s adjacent property and developed at a minimum density/intensity of 30 units/acre or 2.0 floor- area-ratio.

Development Project. CMI agrees to diligently conduct research and development with a view toward completing the System development and engineering work to be performed by it as more fully described on Schedule C hereto (the "CMI Tasks"). Stryker agrees to fund [*] of the cost of the CD4I Tasks, up to a maximum expenditure therefor by Stryker of [*], but subject, unless Stryker agrees otherwise in writing, to the maximum amount budgeted for each Phase of the Development Project specified in Schedule C. CMI shall keep Stryker informed at reasonable times, orally or in writing, with respect to the status of the CMI Tasks and the overall Development Project and shall provide Stryker with a written report at the conclusion of each Phase. Promptly after the delivery of each such report, CMI shall, if requested to do so by Stryker, also give an oral presentation describing in reasonable detail the results of the Development Project through the end of that Phase as defined in Schedule C to persons designated by Stryker at a "Phase-End Meeting." The Phase-End Meetings shall be held within twenty-one (21) days of the end of that phase at locations alternately determined by CMI and Stryker. Stryker shall have the right, within 45 days of the holding of each Phase-End Meeting, to cancel the Development Project without further obligation to CMI except as set forth in paragraph 16 if the results thereof are unsatisfactory to Stryker or if Stryker shall have determined not to proceed with commercialization of the Systems. Stryker's share of the expenses for each Phase as set forth above shall be paid within forty-five (45) days after receipt of an invoice therefor, which shall be issued by CMI monthly subject to the maximum ceiling for each Phase of the Development Project and shall document in reasonable detail the total expenses incurred by CMI during the month to which it relates. As part of the Development Project, Stryker shall be responsible for the performance of the tasks assigned to it in Schedule C that are necessary to permit the interface of the System with the Stryker Products (the "Stryker Tasks"). Each of Stryker and CMI agrees to use its reasonable best efforts to perform the tasks for which it is responsible within the time allotted thereto in Schedule C. In the event that the entire project is delayed by six months or more, the party responsible therefor shall be penalized -- by a one-month reduction of the Exclusivity Period (as defined in Section 4) if Stryker's failure ...

Development Project. The acquisition and development of Development Project Land into (a) single family housing subdivisions, or (b) two to eight unit multi-family housing subdivisions, all as approved by Lender in accordance with Section 2.2 hereof.

Development Project. Target and Acq Corp agree that Target, without the prior written consent of Acq Corp otherwise required under Section 6.01(a), (1) may make option payments in the monthly amount of $37,500.00 until August 15, 1998, and in the monthly amount of $75,000.00 thereafter until October 15, 1998, in accordance with the terms of that certain Option Agreement made and entered into as of January 8, 1998 (the "OPTION AGREEMENT"), by and between Target and Grand Plaza Limited Partnership, a Nevada limited partnership, as such agreement may be amended and in effect on the date hereof, and (2) may further expend such amounts as are reasonably necessary in connection with development opportunities and activities for the parcel of land subject to the Option Agreement as well as for previously identified development opportunities in Massachusetts and in Rockford, Illinois, PROVIDED, that this Section 6.01(b) shall not permit Acq Corp to exercise the option pursuant to the Option Agreement or to acquire (by purchase, lease or otherwise) any fixed or other tangible assets relating to any such project without Acq Corp's consent pursuant to Section 6.01(a).