Common use of Referral to Executive Officers Clause in Contracts

Referral to Executive Officers. If for any reason the JSC cannot resolve any matter properly referred to it for resolution, either Party may refer the matter to the Executive Officers for resolution. If, after discussing the matter in good faith and attempting to find a mutually satisfactory resolution to the issue, the Executive Officers fail to come to consensus within [***] after the date on which the matter is referred to the Executive Officers (unless a longer period is agreed to in writing by the Parties) the provisions of Section 14.3 shall apply and resolutions reached through such provisions shall be binding on the Parties; provided that [***]

Appears in 2 contracts

Samples: Confidential Treatment Requested (Vertex Pharmaceuticals Inc / Ma), Confidential Treatment Requested (Vertex Pharmaceuticals Inc / Ma)

AutoNDA by SimpleDocs

Referral to Executive Officers. If for any reason the JSC cannot resolve any matter properly referred to it for resolutionit, either Party may refer the such matter to the Executive Officers for resolution. If, If after discussing the such matter, or any other matter to be resolved pursuant to this Section 13.1 pursuant to this Agreement, in good faith and attempting to find a mutually satisfactory resolution to the issueit, the Executive Officers fail to come to consensus on it within [******] after the date on which the matter it is referred to the Executive Officers (unless a longer period is agreed to in writing by the Parties) Officers, the provisions of Section 14.3 13.2 shall apply and apply. The resolutions reached through such the provisions of Section 13.1 or 13.2 shall be binding on the Parties; provided that [***].

Appears in 1 contract

Samples: Product Development and License Agreement (Dyax Corp)

AutoNDA by SimpleDocs

Referral to Executive Officers. If for any reason the JSC cannot resolve any matter properly referred to it for resolutionit, either Party may refer the matter to the Executive Officers for resolution. If, If after discussing the matter in good faith and attempting to find a mutually satisfactory resolution to the issue, the Executive Officers fail to come to consensus within [*****] after the date on which the matter is referred to the Executive Officers (unless a longer period is agreed to in writing by the Parties) Officers, the provisions of Section 14.3 Sections 12.2 and 12.3 shall apply and resolutions reached through such provisions shall be binding on the Parties; provided that [***].

Appears in 1 contract

Samples: License Agreement (Dyax Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.