Common use of Joint Communication Clause in Contracts

Joint Communication. The MCSC shall decide on the channel via which joint external communications (i.e. communications made by or in the name of all the Parties) are made to the public and to the market participants. Each joint external communication shall bear the logo of each Party or a common SIDC logo, if available. Joint external communications shall only take place after approval by the MCSC of the content of the external communication. The MCSC shall also agree, for any joint external communication, on the date and hour at which the joint external communication is effective. The following events shall be submitted to the MCSC for decision on whether such event requires a joint external communication : i) major incidents regarding the SIDC, such as SIDC operation suspensions or interruptions; ii) content of the Agreement that must be disclosed to the public; iii) extension of SIDC to other countries or region; iv) Exit of (a) Party(ies); v) Termination of the Agreement; and vi) other events for which a joint communication is considered necessary by the MCSC. Operational communication messages are dealt with in the relevant procedure set forth in Exhibit 6 (Joint XBID Procedures). A Party may communicate individually to third parties on the issues which are subject to joint communication if such individual communication is urgently needed. In case of such individual communication such Party shall inform MCSC thereof as soon as possible.

Joint Communication. The MCSC shall decide on the channel via which joint external communications (i.e. communications made by or in the name of all the Parties) are made to the public and to the market participants. Each joint external communication shall bear the logo of each Party or a common SIDC logo, if available. Joint external communications shall only take place after approval by the MCSC of the content of the external communication. The MCSC shall also agree, for any joint external communication, on the date and hour at which the joint external communication is effective. The following events shall be submitted to the MCSC for decision on whether such event requires a joint external communication : i) major incidents regarding the SIDC, such as SIDC operation suspensions or interruptions; ii) content of the Agreement that must be disclosed to the public; iii) extension of SIDC to other countries or region; iv) Exit of (a) Party(ies); v) Termination of the Agreement; and vi) other events for which a joint communication is considered necessary by the MCSC. Operational communication messages are dealt with in the relevant procedure set forth in Exhibit 6 (Joint XBID SIDC Procedures). A Party may communicate individually to third parties on the issues which are subject to joint communication if such individual communication is urgently needed. In case of such individual communication such Party shall inform MCSC thereof as soon as possible.