Common use of Limited Sponsors Clause in Contracts

Limited Sponsors. (a) The Executive Committee may, acting by unanimous vote, invite an entity of an IEA Member, Accession or Association country that is not a Designated Entity to join a Task under this Implementing Agreement as a Limited Sponsor as described in Article 2.6 of the Framework. (b) Participation of Limited Sponsors does not require prior approval by the Committee on Energy Research and Technology provided that the Limited Sponsor: (i) does not have the right to appoint a representative to the Executive Committee; (ii) is authorised to participate in only one Task; and (iii) participation is limited to no more than three years. (c) The Executive Committee shall establish the terms and conditions for the admission, participation and withdrawal of Limited Sponsors in Tasks under this Implementing Agreement, including their rights and obligations, provided that no Limited Sponsor will be accorded greater rights than those permitted to Limited Sponsors in the IEA Framework. (d) A Limited Sponsor’s participation shall become effective on the date that it submits a Notice of Sponsorship to the IEA Office of Legal Counsel signalling its intent to be bound by the terms of Limited Sponsorship established by the Executive Committee and the terms of the particular Annex.

Limited Sponsors. (a) The Executive Committee may, acting by unanimous vote, invite an entity of an IEA Member, Accession or Association country that is not a Designated Entity to join a Task under this Implementing Agreement as a Limited Sponsor as described in Article 2.6 of the Framework. (b) Participation of Limited Sponsors does not require prior approval by the Committee on Energy Research and Technology provided that the Limited Sponsor: (i) does Does not have the right to appoint a representative to the Executive Committee; (ii) is Is authorised to participate in only one Task; and (iii) participation Participation is limited to no more than three years. (c) The Executive Committee shall establish the terms and conditions for the admission, participation and withdrawal of Limited Sponsors in Tasks under this Implementing Agreement, including their rights and obligations, provided that no Limited Sponsor will be accorded greater rights than those permitted to Limited Sponsors in the IEA Framework. (d) A Limited Sponsor’s participation shall become effective on the date that it submits a Notice of Sponsorship to the IEA Office of Legal Counsel signalling its intent to be bound by the terms of Limited Sponsorship established by the Executive Committee and the terms of the particular Annex.