Common use of Replacement of the Coordinator Clause in Contracts

Replacement of the Coordinator. If the Coordinator fails in its coordination tasks and the Project Committee has decided to replace the Coordinator in accordance with Section 6.5, the Project Committee shall inform Stichting LSH-TKI of the change of the Coordinator. Contribution. The contribution in cash or in kind (other than the Background) provided by each Party is set out in Annex 2 (hereinafter referred to as the “Budget”). The Budget shall be valued in accordance with the usual accounting and management principles and practices of the respective Parties.

Replacement of the Coordinator. If the Coordinator fails in its coordination tasks and the Project Committee has decided to replace the Coordinator in accordance with Section 6.5, the Project Committee shall inform Stichting LSH-TKI of the change of the Coordinator. Contribution. The contribution in cash or in kind (other than the Background) provided by each Party is set out in Annex 2 (hereinafter referred to as the “Budget”). The Budget shall be valued in accordance with the usual accounting and management principles and practices of the respective Parties.

Replacement of the Coordinator. If the Coordinator fails in its coordination tasks and the Project Committee has decided to replace the Coordinator in accordance with Section 6.5, the Project Committee shall inform Stichting LSH-TKI of the change of the Coordinator. Contribution. The contribution in cash or in kind (other than the Background) provided by each Party is set out in Annex 2 (hereinafter referred to as the “Budget”). The Budget shall be valued in accordance with the usual accounting and management principles and practices of the respective Parties.