Common use of Common Financial Obligations Clause in Contracts

Common Financial Obligations. If the Executive Committee wishes to share the costs of implementing this agreement, it shall agree to establish a Common Fund by unanimous decision. If Participants in a particular Task wish to share the costs of implementing specific Task activities, the Task Participants may establish a Common Fund by specifying in the terms of the appropriate Annex. The apportionment of contributions to such costs (whether in the form of cash, services rendered, in-kind, intellectual property or the supply of materials) and the use of such contributions shall be governed by the regulations and decisions made pursuant to this Article by the Executive Committee.

Appears in 2 contracts

Samples: Implementing Agreement, Implementing Agreement

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Common Financial Obligations. If the Executive Committee wishes to share the costs of implementing this agreement, it shall agree to establish a Common Fund by unanimous decision. If Participants in a particular Task wish to share the costs of implementing specific Task activities, the Task Participants may establish a Common Fund by specifying in the terms of the appropriate Annex. The apportionment of contributions to such costs (whether in the form of cash, services rendered, in-kind, intellectual property or the supply of materialsmaterial) and the use of such contributions shall be governed by the regulations and decisions made pursuant to this Article by unanimous vote of the Executive Committee.

Appears in 1 contract

Samples: Implementing Agreement

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Common Financial Obligations. If the Executive Committee wishes to share the costs of implementing this agreement, it shall agree to establish a Common Fund by unanimous decision. If Participants in a particular Task wish to share the costs of implementing specific Task activities, the Task Participants may establish a Common Fund by specifying in the terms of the appropriate Annex. The apportionment of contributions to such costs (whether in the form of cash, services rendered, in-kind, intellectual property or the supply of materials) and the use of such contributions shall be governed by the regulations and decisions made pursuant to this Article by the Executive Committee.

Appears in 1 contract

Samples: Implementing Agreement

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