Inactivity of a Partner Sample Clauses

Inactivity of a Partner. Possible cases of inactivity The Partners may, on their own initiative, cease to participate in the Consortium by becoming inactive. They must inform the Lead Partner by sending a registered letter with acknowledgement of receipt, giving the reasons for their decision. This notification must be sent with three months' notice before the date on which the sending Partner becomes inactive. During this three-month period the Partners shall reorganise their collaborative actions in order that the inactivity of one of them does not affect performance of the Main Contract and implementation of the project. If one of the Partners fails to perform its contractual obligations the Lead Partner shall send it a notice to perform its obligations, by registered letter with acknowledgement of receipt. If no reply is received within a period of thirty (30) days from the date of receipt of the notice the Partner in question shall be considered by the remainder of the Consortium as having become inactive. From this date its rights shall be suspended and no more Confidential Information shall be communicated to it. It may also be held liable for the prejudice incurred by the other Partners, within the limits of the article(s) of the present Agreement relating to its liability. The Consortium must meet within a period of thirty (30) days in order to pass a resolution on the consequences of the breach by one of the Partners and to reorganise their collaborative actions in order that its inactivity does not affect performance of the Main Contract and implementation of the project. Rights of the inactive Partner The Partner which has become inactive shall retain its ownership rights over the Knowledge which it has developed. When it is the sole owner of it, it may continue to exploit it as it sees fit. When it is the joint owner of it with other Partners, it may continue to exploit it and, if applicable, receive fees, in accordance with the signed joint ownership agreements. The Partner which has become inactive shall also retain the right to continue to exploit Knowledge belonging to another Partner, for purposes of study and research, in accordance with the terms and for the term stipulated by the present Agreement. Obligations of the inactive Partner The rights granted by the Partner which has become inactive to the Consortium over its Knowledge contributed and/or developed in performance of the Agreement shall remain valid until the term stipulated by the Agreement. The Partn...
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Related to Inactivity of a Partner

  • Disability of Member Upon the disability of a Member, the Member may continue to act as Manager hereunder or appoint a person to so serve until the Member's Interests and Capital Account of the Member have been transferred or distributed.

  • Liability of Members The Members shall not have any liability for the obligations or liabilities of the Company except to the extent provided in the Act.

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Professional Development Fund A budget item equal to one-half (½) of one (1) percent of employees' salaries shall be set aside annually to be used to:

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year.

  • Program Termination In the event the Utility’s Electric Security Plan (“ESP”) or Market-Rate Offer is terminated prior to the end of this agreement, this agreement shall automatically terminate.

  • RESEARCH MISCONDUCT If this Agreement involves basic, applied, or demonstration research in a field of science, medicine, engineering, or mathematics, including but not limited to, research in economics, education, linguistics, medicine, psychology, social sciences, statistics, and research involving human subject or animals, this Agreement incorporates by reference DEAR 952.235-71 Research Misconduct (July 2005).

  • Winding Up Affairs Upon Termination In the event that this Contract is terminated for any reason, the parties agree that the provisions of this paragraph survive termination:

  • Obligations after Termination a. Following termination of this Agreement, a Party shall remain liable for all obligations arising hereunder prior to the effective date of termination, including all obligations accrued prior to the effective date, imposed on the Party by this Agreement or the ISO Tariffs or other ISO Related Agreements.

  • TERMINATION FOR IMPROPER CONSIDERATION 8.44.1 The County may, by written notice to the Contractor, immediately terminate the right of the Contractor to proceed under this Contract if it is found that consideration, in any form, was offered or given by the Contractor, either directly or through an intermediary, to any County officer, employee, or agent with the intent of securing this Contract or securing favorable treatment with respect to the award, amendment, or extension of this Contract or the making of any determinations with respect to the Contractor’s performance pursuant to this Contract. In the event of such termination, the County shall be entitled to pursue the same remedies against the Contractor as it could pursue in the event of default by the Contractor.

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