Common use of JSC Decision Making Clause in Contracts

JSC Decision Making. All decisions by the JSC shall be made by unanimous vote of the Members present. The presence of at least one (1) Member of the JSC representing each of Meda and Valeant (i.e. a total of two Members) shall constitute a quorum. The Members shall use their reasonable efforts to reach agreement on any and all matters to be determined or resolved by the JSC.

Appears in 2 contracts

Samples: Transition Agreement, Transition Agreement (Valeant Pharmaceuticals International, Inc.)

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JSC Decision Making. All decisions by Decisions of the JSC shall be made by unanimous vote vote. Each of the Members present. The presence of at least one (1) Member of Seres and MedImmune shall be entitled to [***] on all matters coming before the JSC representing each of Meda and Valeant (i.e. a total of two Members) shall constitute a quorumor any subcommittee or subgroup thereof. The Members shall use their reasonable efforts to If the JSC does not reach unanimous agreement on any and all matters to be determined or resolved by the JSCmatter, [***] shall have final decision-making authority regarding such matter unless such decision would [***].

Appears in 1 contract

Samples: Research Collaboration and Option Agreement (Seres Therapeutics, Inc.)

JSC Decision Making. All decisions by the JSC shall be made by unanimous vote of a quorum of the Members presentMembers, with each Member of KTI and XXX having one (1) vote. The presence of at least one (1) Member [***] Members of the JSC representing each of Meda KTI and Valeant (i.e. a total of two Members) XXX shall constitute a quorum. The Members shall use their reasonable efforts to reach agreement on any and all matters to be determined or resolved by the JSC.

Appears in 1 contract

Samples: Joint Venture Agreement (Klox Technologies, Inc.)

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JSC Decision Making. All decisions by the JSC shall be made by unanimous vote of a quorum of the Members presentMembers, with each of Oncolytics and Licensee having one (1) vote. The presence of at least one two (12) Member Members of the JSC representing each of Meda Oncolytics and Valeant Licensee (i.e. i.e., a total of two four (4) Members) shall constitute a quorum. The Members shall use their reasonable efforts to reach agreement on any and all matters to be determined or resolved by the JSC.

Appears in 1 contract

Samples: And Distribution Agreement (Oncolytics Biotech Inc)

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