Common use of Project Approval Process Clause in Contracts

Project Approval Process. The Parties are under no obligation to initiate any projects. However, once the Parties have agreement, in writing, to proceed in accordance with an associated Project Plan ("Project Acceptance"), such project shall be deemed a Project and shall proceed accordingly. If ST rejects a Project Plan initiated by Apogee, Apogee shall be allowed to utilize ST manufacturing services and resources,and ST shall provide such resources and services, to produce finished die, provided that the Parties have an agreement on prices and commercial terms and conditions to be negotiated between the Parties, in good faith and on a case by case basis. No discussions shall become a "Project" nor a binding obligation on either Party, until and unless the Parties have agreement, in writing, to proceed in accordance with an associated Project Plan.