Procedure for Claiming Excused Performance. To claim excused performance under Paragraph 7.1, the Member must give LLC prompt written notice of the beginning and expected duration of the event, as well as the cause thereof. The Member shall take reasonable steps to attempt to resolve the cause for any such delay of performance or nonperformance. During any period of excused performance, the Member shall treat LLC like other businesses of the Member with regard to the provision of research and development services, and LLC shall be free to obtain substitute research and development services from other sources.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (BioAmber Inc.), Limited Liability Company Agreement (BioAmber Inc.), Limited Liability Company Agreement (BioAmber Inc.)
