def METHOD_NAME(sender, instance, created, **kwargs):
    """
    Populate new project dependen default data
    """
    if not created:
        return
    if instance._importing:
        return
    template = getattr(instance, "creation_template", None)
    if template is None:
        ProjectTemplate = apps.get_model("projects", "ProjectTemplate")
        template = ProjectTemplate.objects.get(slug=settings.DEFAULT_PROJECT_TEMPLATE)
    if instance.tags:
        template.tags = instance.tags
    if instance.tags_colors:
        template.tags_colors = instance.tags_colors
    template.apply_to_project(instance)
    instance.save()
    Role = apps.get_model("users", "Role")
    try:
        owner_role = instance.roles.get(slug=template.default_owner_role)
    except Role.DoesNotExist:
        owner_role = instance.roles.first()
    if owner_role:
        Membership = apps.get_model("projects", "Membership")
        Membership.objects.create(user=instance.owner, project=instance, role=owner_role,
                                  is_admin=True, email=instance.owner.email)