Relevant Program definition

Relevant Program means a program to which the diluting party elected not to contribute and the Program is subsequently funded by the other party increasing its contribution by the amount of the shortfall.) and the contributing party's interest will be correspondingly increased.
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Relevant Program means, in this Section 8.6, a Program to which the diluting party elected not to contribute and the Program is subsequently funded by the other party increasing its contribution by the amount of the shortfall. The non-diluting party’s Interest will be adjusted accordingly and, if there is more than one non-diluting party, then the Interests of the non-diluting parties will be adjusted in proportion to their respective Exploration Program Percentage. A party whose Interest has been reduced to 10% or less will have its Interest converted to a 2% Net Smelter Return Royalty, in accordance with Section 10.2, with no further opportunity or obligation to contribute in any Program. The maximum aggregate percentage of Net Smelter Returns that shall be payable pursuant to this Section 8.6 shall not exceed 2% and if more than one party is entitled to an interest in Net Smelter Returns, then such parties shall divide the 2% interest equally, unless otherwise agreed by the parties.
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Relevant Program means, in this Section 8.6, a Program to which the diluting Participant elected not to contribute and the Program is subsequently funded by the
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Examples of Relevant Program in a sentence

  • If, after good faith negotiations, an agreement cannot be reached between Lilly and Phytera on the Relevant Program, Phytera shall be free to pursue such Relevant Program and commercialize any products that result from such Relevant Program, either independently or with one or more Third Parties.

  • All subscriptions solicited by you will be strictly subject to acceptance thereof by the Relevant Program.

  • You agree not to rely upon the efforts of Directpost in determining whether the Program has adequately and accurately disclosed all material facts upon which to provide a basis for evaluating the Program Relevant Program to the extent required by federal or state law, or FINRA.

  • The reporting shall detail Covered Asset performance, actions taken by Citigroup to mitigate risk of future loss, and Citigroup’s compliance with terms and conditions specified in the Relevant Program Documents.

  • The Relevant Program reserves the right in its absolute discretion to reject any such subscription and to accept or reject subscriptions in the order of receipt by the Relevant Program, as appropriate or otherwise.

  • You agree to retain in your records and make available to the Relevant Program, for a period of at least six (6) years following the offering termination date, information establishing that each person who purchases the Securities pursuant to a Subscription Agreement solicited by you is within the permitted class of investors under the requirements of the jurisdiction in which such investor is a resident and the suitability requirements set forth in the Memorandum and the Subscription Agreement.


More Definitions of Relevant Program

Relevant Program means, in this Section 16.6, the Operating Plan to which the defaulting party failed to contribute. The non-defaulting party’s Interest will be adjusted accordingly and, if there is more than one non-defaulting party, then the Interests of the non-defaulting parties will be adjusted in proportion to their respective contributions to funding the amount not funded by the defaulting party.
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Relevant Program means, in this Section 16.5, a Program to which the defaulting party elected or committed to contribute then failed to do so. The non-defaulting party’s Interest will be adjusted accordingly and, if there is more than one non-defaulting party, then the Interests of the non-defaulting parties will be adjusted in proportion to their respective contributions to funding the amount not funded by the defaulting party. Until the Completion Date a party whose Interest has been reduced to 10% or less will have its Interest converted to a 2% Net Smelter Returns Royalty in accordance with Section 10.2.
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Relevant Program means an Exploration Program to which the diluting Party elected not to contribute or failed to fully contribute and the Exploration Program is subsequently funded by the other Party increasing its contribution by the amount of the shortfall); and the contributing Party’s interest will be correspondingly increased.
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Related to Relevant Program

  • relevant Minister means the Minister administering the Public Works Act 1902 or Parts 9 and 10 of the Land Administration Act 1997, as the case requires.

  • the Programme means the programme leading to the Degree of Master of Laws – LL.M – in International Maritime Law;

  • relevant week means the reduction week or part-week in which the capital in question of which the applicant has deprived himself within the meaning of paragraph 67(1)—

  • Grant program means the school-based substance abuse prevention and intervention grant program created in subsection (3) of this section.

  • Pilot program means the pilot program identified and funded through the Funding Agreement and described in that Funding Agreement and its attachments.