Common use of Parties leaving the Consortium Agreement Clause in Contracts

Parties leaving the Consortium Agreement. Access Rights granted to a Party whose participation is terminated in accordance with Article 10.2, as well as such Party's right to request Access Rights, shall cease immediately upon receipt of the formal notice of termination. In addition, such Party shall continue the Access Rights it has granted to its Background and Foreground under this Consortium Agreement as if it had remained a Party for the whole duration of the Consortium Agreement.

Parties leaving the Consortium Agreement. Access Rights granted to a Defaulting Party whose participation is terminated in accordance with Article 10.2, as well as and such Party's right to request Access Rights, Rights shall cease immediately upon receipt by the Defaulting Party of the formal notice of terminationthe decision of the Project Committee to terminate its participation in the Project. In addition, such A non-Defaulting Party leaving voluntarily and with the other Parties' consent shall continue the Access Rights it has granted with respect to its Background and Foreground under this Consortium Agreement as if it had remained a Party for the whole duration of the Consortium AgreementProject.