Consequences of withdrawal or expulsion from Project Sample Clauses

Consequences of withdrawal or expulsion from Project. (a) If a Project Participant withdraws or is expelled from the Project, the Project Participant will from the date of effect of the withdrawal or expulsion:
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Consequences of withdrawal or expulsion from Project. If a Project Participant withdraws or is expelled from the Project, the Project Participant will from the date of effect of the withdrawal or expulsion: cease to be a Party; subject to clause 6.3(b): relinquish all rights with respect to the Project and the Project IP (including all rights to use Background IP of another Party under clauses 3.3 and 3.4, and Project IP under the licences granted in clauses,10.2 and 12); and be relieved of its obligations to make Project Contributions, to carry out, report on or manage the Project, or otherwise participate in the Project. The withdrawal or expulsion of a Project Participant from the Project: will not affect: the enforceability of any obligations of that Project Participant; rights against that Project Participant accrued at that time or arising as a result of the withdrawal or expulsion; any obligation upon the Project Participant to make available its Background IP in accordance with clause 3; or licences to the Project Participant's Background IP granted or to be granted under clause 3; will not relieve the Project Participant of the obligations imposed upon it under this Agreement other than as specified in clause 6.3(a)(xxxviii)(B); and subject to clause 6.1(b), will not relieve the remaining Parties of their obligations under this Agreement and they will continue to carry out the Project in accordance with the terms of this Agreement. Defence rights and licences For the avoidance of doubt, the rights and licences granted or to be granted to Defence and the Commonwealth under clauses 3.5 and 3.9 (in relation to Background IP), clause 11 (use of Project IP for Defence Purposes), and clause 12.3 (loss of Commercialisation rights) will continue and endure notwithstanding that any Project Participant withdraws or has been expelled from the Project. VARIATION TO PROJECT Subject to any variation mechanism that may be set out in the Project Plan: any significant variation to the Project, including variations to Project scope, Milestones or Deliverables, dealings with IPR, or cost, must be agreed in writing by the Company and all Project Participants; and a Project Participant will not be compensated for any work performed in relation to a variation that has not been authorised in accordance with this clause unless otherwise agreed by the Company (in its sole discretion).
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Related to Consequences of withdrawal or expulsion from Project

  • Withdrawal of Property from Market or Termination of Discussions Potential Investor acknowledges that the Property has been offered for sale subject to withdrawal of the Property from the market at any time or rejection of any offer because of the terms thereof, or for any other reason whatsoever, without notice, as well as the termination of discussions with any party at any time without notice for any reason whatsoever.

  • Consequences of Force Majeure If the Affected Party has taken all necessary steps towards mitigating the effect of a Force Majeure event, then:

  • H4 Consequences of Expiry or Termination H4.1 Where the Authority terminates the Contract under clause F5.5 (Remedies in the Event of Inadequate Performance) or clause H2 (Termination on Default) and then makes other arrangements for the supply of Services, the Authority may recover from the Contractor the cost reasonably incurred of making those other arrangements and any additional expenditure incurred by the Authority throughout the remainder of the Contract Period. The Authority shall take all reasonable steps to mitigate such additional expenditure. Where the Contract is terminated under clause F5.5 or clause H2 (Termination on Default), no further payments shall be payable by the Authority to the Contractor until the Authority has established the final cost of making those other arrangements.

  • Modification and Withdrawal of Tenders 2.19.1 The tenderer may modify or withdraw its tender after the tender’s submission, provided that written notice of the modification, including substitution or withdrawal of the tenders, is received by the Procuring Entity prior to the deadline prescribed for submission of tenders.

  • CONSEQUENCES OF POSITIVE TEST RESULTS For post-Accident or reasonable suspicion, a Covered Employee shall be immediately removed from performing his or her job or, in the alternative, may be temporarily reassigned to work that is not safety-sensitive if such work is available. The Covered Employee shall be subject to disciplinary action, and shall meet with the SAPC, as set forth in Exhibit A, and section 10 below, if the Covered Employee:

  • Consequences of Expiry or Termination 50.1. Where the Authority terminates the Contractor’s interest in the Framework Agreement under clause 42 (Termination Rights) and makes other arrangements for the supply of Services, the Contractor indemnifies the Authority against all costs incurred in making those arrangements.

  • INCOME TAX CONSEQUENCES OF ESTABLISHING AN XXX X. Traditional IRA Deductibility – If you are eligible to contribute to your Traditional IRA, the amount of the contribution for which you may take a tax deduction will depend upon whether you (or, in some cases, your spouse) are an active participant in an employer-sponsored retirement plan. If you (and your spouse if married) are not an active participant, your entire Traditional IRA contribution will be deductible. If you are an active participant (or are married to an active participant), the deductibility of your contribution will depend on your MAGI and your tax filing status for the tax year for which the contribution was made. MAGI is determined on your income tax return using your adjusted gross income but disregarding any deductible Traditional IRA contribution and certain other deductions and exclusions. Definition of Active Participant – Generally, you will be an active participant if you are covered by one or more of the following employer-maintained retirement plans.

  • DISTRIBUTION OF DISSOCIATING MEMBERS INTEREST Upon determination of the dissociating Members’ interest value, the value will be a debt of the Company. The dissociating Member will only be able to demand payment of this debt at dissolution of the Company or by the following method:

  • Contract Renegotiation, Suspension, or Termination Due to Change in Funding If the funds DSHS relied upon to establish this Contract or Program Agreement are withdrawn, reduced or limited, or if additional or modified conditions are placed on such funding, after the effective date of this contract but prior to the normal completion of this Contract or Program Agreement:

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