Define: Ongoing Project

How is Ongoing Project defined in a legal contract?

• Ongoing Project means a project extending over a period of years undertaken by an [organization] to fulfill its Corporate Social Responsibility (CSR) obligations. The duration of this project does not exceed [number] years, excluding the year it commenced. It also includes projects initially not approved for multiple years but extended beyond [number] year by the board due to valid reasons. Seen in 80 SEC filings.
• Ongoing Project means a project where development is still ongoing and neither Occupancy nor Completion Certificate has been issued. It does not include projects that meet any specified [criteria] at the time of rule notification. Seen in 12 SEC filings.
• Ongoing Project means a project where development is still taking place and a completion certificate has yet to be issued. It does not include projects that fulfill any specified [criteria] on the date of enforceability of sub-section (1) of [clause]. Seen in 9 SEC filings.
• Ongoing Project means a project that meets all specified [conditions]. Seen in 5 SEC filings.

Please note that any specific references to clauses, organizations, schedules, or other potentially sensitive information in the original definitions have been replaced with generic placeholders like [clause] or [organization] to maintain neutrality.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of ongoing project' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 2

• Ongoing Project means a development progressing towards its target, sans issuance of official completion certification, excluding those meeting certain [criteria].

Relevant Contract Types

• Project Development Agreement
• Real Estate Development Agreement

Relevant Circumstances

• When operational objectives are in the process of being fulfilled but completion is not certified.
• When looking to exclude projects that meet certain criteria.

Relevant Sectors

• Real Estate
• Software Development
• Infrastructure

Genie Definition 1

• Ongoing Project means a multi-year initiative by an [organization] to fulfill its [CSR] obligations, with no completion certificate issued yet.

Relevant Contract Types

• Corporate Social Responsibility Agreement
• Project Management Contract
• Joint Venture Agreement

Relevant Circumstances

• When an [organization] undertakes a long-term project as part of Corporate Social Responsibility activities.
• When commencing a project that will span over multiple years.
• When official project completion certification is not gained yet.

Relevant Sectors

• Corporate Industries
• Nonprofit Sector
• Construction and Infrastructure

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