Common use of Rights of Affiliate Clause in Contracts

Rights of Affiliate. As of the effective date of this Adopter Member Agreement and subject to all the terms of this Adopter Member Agreement, including without limitation, this subsection (b) and subsection (c) below, Affiliates of Adopter Member shall have the right to exercise the rights and benefit from the licenses granted to Adopter Member hereunder, provided that such Affiliates acknowledge and agree to be bound by: (i) all terms and conditions set forth in Sections 5 through 22 of this Adopter Member Agreement; and (ii) any policies and procedures applicable to Affiliates of Adopter Member as may be determined by the Board of Directors from time to time. For purposes of the foregoing Sections of this Adopter Member Agreement, all references to " Adopter Member" shall be deemed to also include such Affiliates of Adopter Member. Notwithstanding the foregoing, unless otherwise determined by the Board of Directors, Affiliates of Adopter Member will not have any right to vote in any matters presented for vote before the Board of Directors and/or the Promoter Members of the Alliance. The rights granted under this Section 8 shall terminate immediately upon: (iii) the Affiliate's material breach of any of its obligations under this Section 8; or (iv) termination or expiration of this Promoter Member Agreement pursuant to Section 9.

Appears in 2 contracts

Samples: Adopter Member Agreement, Adopter Member Agreement

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Rights of Affiliate. As of the effective date of this Adopter Contributor Member Agreement and subject to all the terms of this Adopter Contributor Member Agreement, including without limitation, this subsection (b) and subsection (c) below, Affiliates of Adopter Contributor Member shall have the right to exercise the rights and benefit from the licenses granted to Adopter Contributor Member hereunder, provided that such Affiliates acknowledge and agree to be bound by: (i) all terms and conditions set forth in Sections 5 through 22 of this Adopter Contributor Member Agreement; and (ii) any policies and procedures applicable to Affiliates of Adopter Contributor Member as may be determined by the Board of Directors from time to time. For purposes of the foregoing Sections of this Adopter Contributor Member Agreement, all references to " Adopter Contributor Member" shall be deemed to also include such Affiliates of Adopter Contributor Member. Notwithstanding the foregoing, unless otherwise determined by the Board of Directors, Affiliates of Adopter Contributor Member will not have any right to vote in any matters presented for vote before the Board of Directors and/or the Promoter Contributor Members of the Alliance. The rights granted under this Section 8 shall terminate immediately upon: (iii) the Affiliate's material breach of any of its obligations under this Section 8; or (iv) termination or expiration of this Promoter Contributor Member Agreement pursuant to Section 9.

Appears in 1 contract

Samples: Member Agreement

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Rights of Affiliate. As of the effective date of this Adopter Promoter Member Agreement and subject to all the terms of this Adopter Promoter Member Agreement, including without limitation, this subsection (b) and subsection (c) below, Affiliates of Adopter Promoter Member shall have the right to exercise the rights and benefit from the licenses granted to Adopter Promoter Member hereunder, provided that such Affiliates acknowledge and agree to be bound by: (i) all terms and conditions set forth in Sections 5 through 22 of this Adopter Promoter Member Agreement; and (ii) any policies and procedures applicable to Affiliates of Adopter Promoter Member as may be determined by the Board of Directors from time to time. For purposes of the foregoing Sections of this Adopter Promoter Member Agreement, all references to " Adopter "Promoter Member" shall be deemed to also include such Affiliates of Adopter Promoter Member. Notwithstanding the foregoing, unless otherwise determined by the Board of Directors, Affiliates of Adopter Promoter Member will not have any right to vote in any matters presented for vote before the Board of Directors and/or the Promoter Members of the Alliance. The rights granted under this Section 8 shall terminate immediately upon: (iii) the Affiliate's material breach of any of its obligations under this Section 8; or (iv) termination or expiration of this Promoter Member Agreement pursuant to Section 9.

Appears in 1 contract

Samples: Member Agreement

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