Quid Pro Quo Sample Clauses

The Quid Pro Quo clause establishes that each party to an agreement provides something of value in exchange for receiving something from the other party. In practice, this means that both sides must offer a benefit or consideration, such as goods, services, or payment, to make the contract legally binding. This clause ensures that the agreement is mutually beneficial and prevents one-sided obligations, thereby supporting the enforceability of the contract and clarifying the reciprocal nature of the parties' commitments.
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Quid Pro Quo. In the period of three (3) years from the first launch of the LICENSED PRODUCTS in UK, Germany, Italy, France, the U.S.A. or Japan, ZENECA shall offer to SHIONOGI the right (without the right to sublicense) to participate in the development and/or marketing of a product in Japan. The offer shall apply only to those products which ZENECA chooses to develop and/or market in Japan with a partner other than ZENECA’s AFFILIATE in Japan, and does not include ZENECA’s leukotriene (LT) receptor antagonist “Accolate” which is currently marketed outside Japan and under development in Japan by ZENECA. With regard to the terms and conditions of the development and/or marketing of such product in Japan, SHIONOGI and ZENECA shall negotiate such terms and conditions in good faith.
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Quid Pro Quo quid pro quo harassment involves unwelcome sexual advances and/or requests for sexual favors, whether implicit or explicit, that are made as a term or condition of employment, residency, or any other membership benefit.
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Quid Pro Quo a) This MOU is premised on the wish to avoid burdening either organization with respect to cash and/or volunteer resources. While the balance of inputs needs to be addressed, we desire a relationship that would see neither party unduly taxed with respect to finances or people- resources. b) This MOU attempts to provide an equitable solution such that neither organization is in a ma- terially different position where they are expending more on building related costs than they are currently. c) Each organization ought to feel as if they are gaining something from this MOU.
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Quid Pro Quo. The Parish confirms that the Donor has not received goods or services in exchange for the Donation, and that this Agreement does not confer upon the Donor the authority to determine or influence the Parish or the Parish policies or programs.
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Quid Pro Quo. 1. Pricing in the contractors quotation applies to all orders if the order data have not changed since submittal of quotation. The pricing of contractor does not include Value Added Tax (VAT). The pricing of the contractor is ex factory except free delivery is agreed. 2. Subsequent changes caused by the client will be charged to the client including costs for machine downtime. Additional proofs due to minor differences from the original are also considered subsequent changes when responsibility for printing is held by the contractor. 3. Sketches, drafts, sample layouts, sample prints, general samples, proofs, altering of data delivered or transmitted, transmission of data and other actions for preparation caused by the client will be charged when the contract is not concluded. Regulations of part XI are effective accordingly.
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Related to Quid Pro Quo

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Measurements and arithmetic conventions All measurements and calculations shall be in the metric system and calculations done to 2 (two) decimal places, with the third digit of 5 (five) or above being rounded up and below 5 (five) being rounded down.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (i) Current Liabilities minus the current portion of Deferred Revenue of at least 1.15 to 1.00.