DECISION-MAKING MECHANISM Sample Clauses

DECISION-MAKING MECHANISM. Decisions by consensus All in-session decisions shall be taken by consensus of the ARCAL representatives. Consensus is taken to mean any decision adopted without any explicit objection being raised by any representative. If a proposal submitted by one or more representatives does not achieve consensus among the other representatives participating in the session, it may not be approved, whatever the degree of support garnered.
Sample 1Sample 2
AutoNDA by SimpleDocs
DECISION-MAKING MECHANISM. Decisions by consensus All in-session decisions shall be taken by the national coordinators by consensus. Consensus is taken to mean any decision adopted without any explicit objection being raised by any national coordinator. If a proposal submitted by one or more national coordinators does not achieve consensus among the other national coordinators participating in the session, it may not be approved, whatever the degree of support garnered.
Sample 1Sample 2
DECISION-MAKING MECHANISM. This mechanism will enable the full decision-making process to be defined operationally and in detail (see Annex 1). The raw material procurement management process deals with all operations necessary to conclude a purchase contract by following the steps below: - Coverage decision: Quantity and horizon - Validation of the availability of the financing lines - Validation of the specifications and the nature of the industrial need - Consultation of the Supplier - Study of the proposed offers - Confirmation and conclusion of contract Purchases must meet the industrial requirements of the production units in terms of quality and specifications; the customer also reserves the right to make purchases for sale in the local market. - Industrial specifications and requirements could be adjusted in relation to the supply available on the international market (price, origin, supply, logistics, etc.). - Any adjustments must be agreed in advance between the Supplier and the Customer.
Sample 1
DECISION-MAKING MECHANISM. 3.8.1 The investment decision-making committee of each phase of Merger Fund has the right to decide and implement the following matters involing the Merger Fund according to this Agreement and the Partnership Agreements: (1) investment decision-making, and investment matters; (2) distribution of the Merger Fund; (3) the xxxx purchase contemplated by this Agreement and other matters.
Sample 1
DECISION-MAKING MECHANISM. The following major issues of the target company shall be reviewed and approved by the shareholders meeting in accordance with the decision-making mechanism stipulated in the revised articles of association, and resolutions shall be formed only when the shareholders present at the shareholders meeting hold more than half of the voting rights:
Sample 1
DECISION-MAKING MECHANISM. 3.1. While The Project Manager has the authority to make operational decisions, any decisions that substantially influence the project's budget, timeline, or design mandate approval from The Developer.
Sample 1
DECISION-MAKING MECHANISM. General decisions on issues affecting the whole project will have to be taken by the Steering Board. However, when it comes to decision-making within individual work packages and tasks, the principle of subsidiarity is applied. Along that line, any decision within an individual work package has to be taken and any conflict internal to a work package will have to be resolved by consensus under the guidance of its WP leader. If the problem has a direct impact on other work packages or if it cannot be solved within the work package, the issue will be reported to the Coordinator who will try to find a solution by mutual agreement of all affected partners. If necessary, the issue will be transferred to the Steering Board, which will take a decision following rules, which will be defined in the Consortium Agreement. Each member of the Steering Board will have one vote. The modalities for such a procedure will be further specified in the consortium agreement.
Sample 1
AutoNDA by SimpleDocs

Related to DECISION-MAKING MECHANISM

  • Decision-Making The JDC shall make decisions unanimously, with each Party’s representatives collectively having one (1) vote and at least one (1) representative from each Party participating in such decision. In the event the JDC determines that it cannot reach an agreement regarding a decision within the JDC’s authority, then, within *** Business Days after such determination: (a) for any matter that is not a Critical Issue *** shall have the final decision making authority on such matter; and (b) for any matter that is a Critical Issue, the matter shall be referred to FivePrime’s Chief Executive Officer (or designee) and HGS’ Chief Executive Officer (or designee) for resolution. If such executives cannot resolve the matter within *** Business Days, then the Chief Executive Officer of *** (or designee) shall have the final decision making authority on such matter. Notwithstanding the foregoing, the Development Plan shall not be amended, without FivePrime’s prior written approval (which approval may be withheld in FivePrime’s sole discretion), to: (i) increase or materially change the nature of FivePrime-Conducted Trials or Other FivePrime-Conducted Activities; or (ii) require FivePrime to continue any FivePrime-Conducted Trial if FivePrime, in its reasonable judgment, decides not to continue such trial for any business, scientific, safety, efficacy, enrollment or ethical reason, provided that, in the event FivePrime so decides to discontinue such trial, HGS shall have no further obligation to reimburse FivePrime under Section 4.2(d) except with respect to costs *** INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. already incurred by FivePrime prior to such discontinuation and any and all standard close out costs incurred thereafter, and HGS shall have the right to continue such trial by itself at its expense. When *** make a final determination under this Section 3.4, that final determination must be consistent with the terms of this Agreement.

  • Exclusive Dispute Resolution Mechanism The Parties agree that the procedures set forth in this Article 12 shall be the exclusive mechanism for resolving any dispute, controversy, or claim (collectively, “Disputes”) between the Parties that may arise from time to time pursuant to this Agreement relating to any Party’s rights and/or obligations hereunder that cannot be resolved through good faith negotiation between the Parties.

  • Decision-Making Authority BMS shall have the sole decision-making authority for the operations and Commercialization strategies and decisions, including funding and resourcing, related to the Commercialization of Products; provided that such decisions are not inconsistent with the express terms and conditions of this Agreement, including BMS’ diligence obligations set forth in Section 5.1.

  • Alternative Dispute Resolution Prior to filing of litigation, the parties may select non-binding mediation as a method of conflict resolution for issues arising out of or relating to this procurement process or any contract resulting from or any contemplated transaction. The parties agree that if non-binding mediation is chosen as a resolution process, the parties must agree to the chosen mediator(s) and that all mediation venue shall be at a location in Xxx Xxxxx County, Texas or agreed by the parties. The parties agree to share equally the cost of the mediation process and venue cost.

  • Independent Due Diligence and Decision Making Each Consenting Stakeholder hereby confirms that its decision to execute this Agreement has been based upon its independent investigation of the operations, businesses, financial and other conditions, and prospects of the Company Parties.

  • Indemnitee Rights on Unfavorable Determination; Binding Effect If any Reviewing Party determines that Indemnitee substantively is not entitled to be indemnified hereunder in whole or in part under applicable law, Indemnitee shall have the right to commence litigation seeking an initial determination by the court or challenging any such determination by such Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and, subject to the provisions of Section 15, the Company hereby consents to service of process and to appear in any such proceeding. Absent such litigation, any determination by any Reviewing Party shall be conclusive and binding on the Company and Indemnitee.

  • Selection and Payment of Appeal Panel In the event an Appellant delivers an Appeal Notice to the Appellee (together with proof of payment of the applicable bond) in compliance with the provisions of Paragraph 5.1 above, the Appeal will be heard by a three (3) person arbitration panel (the “Appeal Panel”).

  • Decision on Review A decision on review of a denied claim shall be made in the following manner:

  • Alternate Dispute Resolution In the event of any issue of controversy under this Agreement, the PARTIES may pursue Alternate Dispute Resolution procedures to voluntarily resolve those issues. These procedures may include, but are not limited to, conciliation, facilitation, mediation, and fact finding.

  • Independent Decision The Investor is not relying on the Issuer or on any legal or other opinion in the materials reviewed by the Investor with respect to the financial or tax considerations of the Investor relating to its investment in the Shares. The Investor has relied solely on the representations and warranties, covenants and agreements of the Issuer in this Agreement (including the exhibits and schedules hereto) and on its examination and independent investigation in making its decision to acquire the Shares.

Time is Money Join Law Insider Premium to draft better contracts faster.