4Responsibilities Clause Samples

The 'Responsibilities' clause defines the specific duties and obligations that each party must fulfill under the agreement. It typically outlines who is responsible for providing certain services, delivering goods, maintaining communication, or meeting deadlines. For example, one party may be tasked with supplying materials while the other is responsible for payment and quality checks. This clause ensures that both parties clearly understand their roles, reducing the risk of misunderstandings and disputes during the execution of the contract.
4Responsibilities. The Finance Working Group shall perform the following functions with respect to activities under this Agreement: (a) work with the JSC and other Subcommittees to assist in financial, forecasting, budgeting and planning matters as required, including (i) assisting in the preparation, for approval by the JSC, of such reports on financial matters as are requested by the JSC for the implementation of the financial aspects of the activities under this Agreement, (ii) overseeing the preparation by the Parties of the Joint Optimization Budget, Joint Development Budget, and Joint Commercialization Budget for submission to the Parties for review and approval, and reviewing costs incurred relative to such budgets, (iii) assisting in the preparation of other budgets and annual and long-term plans for the Parties’ approval, (iv) as requested by a Party, coordinating the preparation of Calendar Quarterly updates to annual budgets, (v) assisting the JCC in developing the long-range forecast for commercial supply of the Joint Products, (vi) supporting the development of the revenue forecast model or methodology and (vii) supporting development and review of the Joint Product revenue forecasts at each official submission and update; (b) recommend, for approval by the JSC, procedures, formats and timelines consistent with this Agreement for reporting financial data and assist in resolving differences that relate to the financial terms of this Agreement; (c) recommend any changes to or additional items to be included within out-of-pocket costs, FTE Costs, Joint Development Costs, Distribution Costs, Sales Costs, Manufacturing Costs, Marketing Costs, and Joint Commercialization Costs accounted for under this Agreement; ​ ​ ​ ​ (d) review calculations of the amount of any payments to be made by the Parties (or their Affiliates) hereunder, review the reconciliation of payments and provide guidance regarding the most appropriate and tax effective methods of cost sharing and determination and distribution of the Net Profit/Losses to a Party or its Affiliates consistent with this Agreement; (e) on an annual basis, review the FTE rates and discuss and approve (if applicable) any modifications thereof; (f) coordinate audits of data where appropriate and required or allowed by this Agreement; (g) coordinate with the JSC and other Subcommittees as appropriate and applicable; (h) perform such other duties as are expressly assigned to the Finance Working Group in this Agreement; and (i...
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4Responsibilities. The JCC shall perform the following functions with respect to each Joint Program: (a) oversee and coordinate Commercialization activities of both Parties; (b) develop, review, and recommend for approval by the JSC the Joint Commercialization Plan and Joint Commercialization Budget, including any amendments thereto; (c) oversee implementation of the Joint Commercialization Plan; (d) coordinate with the JDC to determine Joint Product label, branding and Commercialization strategies; (e) review financial forecasts to manage spend within the approved Joint Commercialization Budget; (f) review and discuss the Commercialization activities of the Parties, including pre-launch and post-launch activities and oversee any co-promotion activities by the Parties, including allocation of details; (g) review strategies for obtaining, maintaining, defending and enforcing Joint Product trademarks; and (h) perform such other responsibilities as may be mutually agreed to by the Parties from time to time.
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4Responsibilities. The IP Committee shall provide input regarding the following: (a) strategies for Prosecuting and Maintaining Patents within Atreca Collaboration IP, Xencor Collaboration IP, and Joint Collaboration IP; (b) whether a Joint Collaboration Patent solely relates to a given Program, and accordingly, whether such Joint Collaboration Patent should be Prosecuted and Maintained by a Responsible Party in accordance with Section 10.6.2; and (c) perform such other responsibilities as may be mutually agreed by the Parties from time to time.
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4Responsibilities. Subject to Section 4.3, the respective responsibilities for the maintenance, reconstruction, repair and replacement of the Common Elements are as follows:
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4Responsibilities. The Reliability Committee shall perform the following functions, in conjunction with the System Operator as appropriate, and shall recommend action to the System Operator, Participants Committee or Transmission Owners, as appropriate, with respect thereto: (a) provide input to the Participants Committee, Transmission Owners, and System Operator, as appropriate, on transmission facilities and the development of a regional transmission plan in order to achieve the objectives of NEPOOL; (b) following appropriate study, recommend NEPOOL Objective Capability for each Power Year; (c) periodically review the procedures used to calculate NEPOOL Installed Capability, NEPOOL Objective Capability and NEPOOL Capability Responsibility; (d) periodically prepare short and long term load forecasts for use in NEPOOL studies and operations and to meet requirements of regulatory agencies; (e) review communications and liaison arrangements between NEPOOL and governmental authorities on power supply, environmental, load forecasting, and transmission issues; (f) coordinate the collection and exchange of necessary system data and future plans related to reliability for use in NEPOOL planning and to meet requirements of regulatory agencies; (g) coordination of studies of, and provide information to Participants on, maintenance schedules for the supply and demand- side resources and transmission facilities of the Participants; (h) based on appropriate studies, recommend for Participants Committee approval Reliability Standards to assure the reliable operation and facilitate the efficient operation of the NEPOOL Control Area bulk power system and those operating rules which guide the implementation of the Reliability Standards. Such Reliability Standards and operating rules shall include, without limitation, the following: (i) standards to determine the current Annual Peak, Adjusted Annual Peak, Monthly Peak, Adjusted Monthly Peak, and aggregate obligations of the Participants in each of the NEPOOL Markets;
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4Responsibilities. The JDC shall perform the following functions with respect to each Joint Program: (a) oversee and coordinate Development activities of both Parties; (b) develop a Joint Optimization Plan and Joint Optimization Budget for the Evaluated Bispecific Antibody, including those activities and associated costs required to generate an Optimized Bispecific Antibody suitable for IND-enabling studies; (c) approve the Joint Optimization Plan and oversee and evaluate the work thereunder (including, if applicable, through a Subcommittee); (d) together with the JRC, establish Joint Clinical Candidate Criteria and evaluate the applicable Optimized Bispecific Antibody against such criteria and recommend any such Optimized Bispecific Antibody achieving the Joint Clinical Candidate Criteria to the JSC for approval as a Joint Clinical Candidate; (e) once a Joint Clinical Candidate is designated by the JSC, develop, review and recommend for approval by the JSC the Joint Development Plan and Joint Development Budget, and any material amendments thereto; ​ ​ ​ (f) allocate activities under the Joint Development Plan to the appropriate Party; (g) oversee the joint clinical Development of all Joint Clinical Candidates within a Joint Program, including reviewing the progress against the Joint Development Plan; (h) together with the JRC, discuss potential initial and subsequent indications for Development of Joint Products; and (i) perform such other responsibilities as may be mutually agreed to by the Parties from time to time.
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4Responsibilities. The Markets Committee shall perform the following functions, in conjunction with the System Operator as appropriate, and shall recommend action to the System Operator, Participants Committee or Transmission Owners, as appropriate, with respect thereto: (a) based on appropriate studies, develop market procedures to assure the reliable operation and facilitate the efficient operation of the NEPOOL Control Area bulk power supply; (i) evaluate studies of the market implications of maintenance schedules for the supply and demand-side resources and transmission facilities of the Participants and operable capacity margins, and (ii) develop market procedures for scheduling maintenance for supply and demand resources and transmission resources. (c) to the extent appropriate to assure the efficient operation of the NEPOOL Markets, develop reasonable standards, criteria and rules relating to protective equipment, switching, voltage control, load shedding, emergency and restoration procedures, and the operation and maintenance of supply and demand-side resources and transmission facilities of the Participants; (d) develop procedures for determining the market implications of the seasonal capabilities of each electric generating unit or combination of units in which a Participant has an Entitlement; (e) develop procedures for determining as appropriate from time to time the current Annual Peak, Adjusted Annual Peak, Monthly Peak, Adjusted Monthly Peak, Installed Capability Responsibility, and obligations for Energy, Operating Reserve and AGC of each Participant; (f) develop Market Rules and periodically review and recommend changes thereto as appropriate. Such Market Rules shall include, without limitation, the following: (i) submission of Bid Prices and the determination of prices for each of the NEPOOL Markets; (ii) determination for each Participants of its obligations under each of the NEPOOL Markets; (iii) establishment or approval of appropriate billing procedures for market transactions pursuant to this Agreement; (iv) calculation and equitable apportionment of losses incurred in connection with Interchange Transactions; and (v) interpool market contract coordination as appropriate. (g) develop operating procedures relating to the administration of the NEPOOL Markets and periodically review and recommend changes thereto as appropriate; (h) recommend the retention of a consultant, procurement of computer time, or the incurrence of consultant expenses or such othe...
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4Responsibilities. The Tariff Committee shall perform the following functions, in conjunction with the System Operator as appropriate, and shall recommend action to the System Operator, Participants Committee or Transmission Owners, as appropriate, with respect thereto: (a) develop appropriate billing procedures for transmission and ancillary services pursuant to this Agreement and the Tariff; (b) develop and recommend to the Participants Committee and the Transmission Owners Committee, as appropriate, (i) amendments, additions and other changes to the Tariff and (ii) related Tariff rules; (c) providing input to the System Operator on the development of Administrative Procedures with respect to the administration of the Tariff and the OASIS; (d) to the extent appropriate, conduct and/or review such studies and make such determinations as are assigned to the Committee pursuant to this Agreement and the Tariff with respect to financial treatment of additions to or upgrades of PTF; (e) recommend to the Participants Committee the retention of a consultant, procurement of computer time, or the incurrence of consultant expenses or such other expenses as may be required to enable the Tariff Committee, its subcommittees, and task forces properly to perform their duties.
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4Responsibilities. The JRC shall perform the following functions: (a) review results of all studies and activities conducted under the Research Plan and serve as a forum for exchanging information and facilitating discussions regarding the Research Plan; (b) evaluate Collaboration Bispecific Antibodies and determine whether it has achieved the Evaluation Criteria to merit further Development; (c) serve as a forum for each Party in determining whether to exercise its Opt-In Right with respect to an Evaluated Bispecific Antibody; (d) review and approve any amendments to the Research Plan, including the Research Budget; (e) review costs incurred relative to the Research Budget; (f) to the extent [*], implement strategies for [*]; and (g) perform such other responsibilities as may be mutually agreed by the Parties from time to time.
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Related to 4Responsibilities

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