Common use of Distribution Principles Clause in Contracts

Distribution Principles. (a) Upon termination of a Task, the Executive Committee shall, so far as practicable, distribute the assets of the Task, or the proceeds therefrom, in proportion to the contributions which the Participants have made from the beginning of the operation of the Task, and for that purpose shall take into account the contributions and any outstanding obligations of former Participants. Disputes with a former Participants about the proportion allocated to it under this Article shall be settled under Article 9.4, for which purpose a former Participant shall be regarded as a Participant.

Distribution Principles. (a) Upon termination of a Task, the Executive Committee shall, so far as practicable, distribute allocate the assets and any outstanding expenditures of the Task, or Task to the proceeds therefrom, Task Participants in proportion to the their respective contributions which the Participants have made from the beginning of the operation of the Task, and for that purpose shall take into account the contributions and any outstanding obligations of former Task Participants. Disputes with a former Participants about the proportion allocated to it under this Article shall be settled under Article 9.4, for which purpose a former Participant shall be regarded as a Participant.

Distribution Principles. (a) Upon termination of a Task, the Executive Committee shall, so far as practicable, distribute allocate the assets and any outstanding expenditures of the Task, or Task to the proceeds therefrom, Task Participants in proportion to the their respective contributions which the Participants have made from the beginning of the operation of the Task, and for that purpose shall take into account the contributions and any outstanding obligations of current or former Task Participants. Disputes with a former Participants about the proportion allocated to it under this Article shall be settled under Article 9.4, for which purpose a former Participant shall be regarded as a Participant.

Distribution Principles. (a) Upon termination of a Task, the Executive Committee shall, so far as practicable, distribute allocate the assets and any outstanding expenditures of the Task, or Task to the proceeds therefrom, Task Participants in proportion to their respective contributions from the contributions which date of their first participation in the Task. Upon termination or expiration of this Agreement, the Executive Committee shall, so far as practicable, allocate the assets and any outstanding expenditures to the Participants have made from in proportion to their respective contributions since the beginning of the operation of the Task, and for that purpose shall take into account the contributions and any outstanding obligations of former Participants. Disputes with a former Participants about the proportion allocated to it under this Article shall be settled under Article 9.4, for which purpose a former Participant shall be regarded as a Participantcurrent term.