Common use of Status of this Governance Framework Clause in Contracts

Status of this Governance Framework. 16.1 This Governance Framework becomes effective on the date the Fund Council adopts it by consensus. This Governance Framework may thereafter be amended either by consensus of the Fund Council on the basis of proposed amendment text that was properly tabled for decision at a Fund Council meeting or electronically by affirmative written consent of each Fund Council Member, a decision by no objection not being sufficient. The Consortium Observer is expected to facilitate consultation and coordination with respect to the Consortium interests pertaining to Governance Framework amendments.

Appears in 34 contracts

Samples: Contribution Agreement, Contribution Agreement, Contribution Agreement

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