Common use of Common Financial Obligations Clause in Contracts

Common Financial Obligations. The Executive Committee may agree, acting by unanimity, to establish a common fund to share the costs of its responsibilities and administrative activities set forth under Article 3 hereof. In addition, Annex Participants wishing to share the costs of a particular Task shall agree in the appropriate Task Annex to establish a separate common fund. The apportionment of contributions to such common funds (whether in the form of cash, services rendered, intellectual property or the supply of materials) as well as the management and use of such common funds shall be governed by the regulations and decisions made pursuant to this Article by the Executive Committee, acting by unanimity.

Appears in 2 contracts

Samples: Implementing Agreement for Co Operation on Hybrid and Electric Vehicle Technologies and Programmes, Implementing Agreement for Co Operation on Hybrid and Electric Vehicle Technologies and Programmes

AutoNDA by SimpleDocs

Common Financial Obligations. The Executive Committee may agree, acting by unanimity, to establish a common fund Common Fund to share the costs cost of its responsibilities and administrative activities set forth under Article 3 hereofArticles 4 and 5 above. In addition, Annex Participants wishing to share the costs of a particular Task shall Annex will agree in the appropriate Task Annex to establish a separate common fundCommon Fund. The apportionment of contributions to such common funds costs (whether in the form of cash, services rendered, intellectual property or the supply of materials) as well as and the management and use of such common funds shall contributions will be governed by the regulations and decisions decision made pursuant to this Article by the Executive Committee, acting by unanimity.

Appears in 2 contracts

Samples: Implementing Agreement for a Programme on Research and Demonstration on Advanced Motor Fuels, Implementing Agreement for a Programme on Research and Demonstration on Advanced Motor Fuels

Common Financial Obligations. The Executive Committee may agree, acting by unanimity, to establish a common fund to share the costs of its responsibilities and administrative activities set forth under Article 3 hereofabove. In addition, Annex Participants wishing to share the costs of a particular Task shall agree in the appropriate Task Annex to establish a separate common fund. The apportionment of contributions to such common funds (whether in the form of cash, services rendered, intellectual property or the supply of materials) as well as the management and the use of such common funds shall be governed by the regulations and decisions made pursuant to this Article by the Executive Committee, acting by unanimity.

Appears in 2 contracts

Samples: Implementing Agreement for a Programme of Research and Development on the Production and Utilization of Hydrogen, Implementing Agreement

Common Financial Obligations. The Executive Committee may agree, acting by unanimity, to establish a common fund to share the costs of its responsibilities and administrative activities set forth under Article 3 hereof. In addition, Annex Participants wishing to share the costs of a particular Task shall may agree in the appropriate Task Annex to establish a separate common fund. The apportionment of contributions to such common funds (whether in the form of cash, services rendered, intellectual property or the supply of materials) as well as the management and use of such common funds shall be governed by the regulations and decisions made pursuant to this Article by the Executive Committee, acting by unanimity.

Appears in 1 contract

Samples: Implementing Agreement

AutoNDA by SimpleDocs

Common Financial Obligations. The Executive Committee may agree, acting by unanimity, to establish a common fund to share the costs of its responsibilities and administrative activities set forth under Article 3 hereofabove. In addition, Annex Participants wishing to share the costs of a particular Task shall agree in the appropriate Task Annex to establish a separate common fund. The apportionment of contributions to such common funds costs (whether in the form of cash, services rendered, intellectual property or the supply of materials) as well as the management and the use of such common funds shall be governed by the regulations and decisions made pursuant to this Article by the Executive Committee, acting by unanimity.

Appears in 1 contract

Samples: Co Operative Programme Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!