Common use of Study Funder Committee Clause in Contracts

Study Funder Committee. (a) The Study Funder Committee will be the forum for All Study Funders to carry out consideration of, consultation on and, where required, decision making in respect of, the undertaking of the Rail Study and addressing matters otherwise contemplated by this Agreement as being addressed by the Study Funder Committee. (b) Aurizon Network must, within 10 Business Days after the date of this Agreement: (i) establish the Study Funder Committee as contemplated by this (ii) procure each Participating Funding User to approve the rules set out in Schedule 7; (iii) keep the Study Funder informed of progress in respect of the matters in clauses 8.1(b)(i) and 8.1(b)(ii), and the rules so approved shall be the Study Funder Committee Rules of the Study Funder Committee (Study Funder Committee Rules). (c) Subject to clause 8.1(d) and the Study Funder Committee Rules, the Study Funder Committee will comprise the Representative of each of the All Study Funders from time to time. (d) The parties acknowledge and agree that the treatment of a Representative of the Study Funder or Other Study Funder for the purposes of determining a quorum and in respect to voting rights may be affected by certain matters, including payment default under this Agreement or an Other Funding Agreement or insolvency affecting a Study Funder or an Other Study Funder, but only if and to the extent set out in the Study Funder Committee Rules. (e) Aurizon Network must promptly notify All Study Funders as soon as it becomes aware of any event or circumstance which may impact on any Study Funder and/or Other Study Funder’s right to be a member or otherwise participate and/or vote in respect of the Study Funder Committee.

Study Funder Committee. (a) The Study Funder Committee will be the forum for All Study Funders to carry out consideration of, consultation on and, where required, decision making in respect of, the undertaking of the Rail Study and addressing matters otherwise contemplated by this Agreement as being addressed by the Study Funder Committee. (b) Aurizon Network must, within 10 Business Days after the date of this Agreement: (i) establish the Study Funder Committee as contemplated by thisthis clause 8; and (ii) procure each Participating Funding User to approve the rules set out in Schedule 7; (iii) keep the Study Funder informed of progress in respect of the matters in clauses 8.1(b)(i) and 8.1(b)(ii), and the rules so approved shall be the Study Funder Committee Rules of the Study Funder Committee (Study Funder Committee Rules). (c) Subject to clause 8.1(d) and the Study Funder Committee Rules, the Study Funder Committee will comprise the Representative of each of the All Study Funders from time to time. (d) The parties acknowledge and agree that the treatment of a Representative of the Study Funder or Other Study Funder for the purposes of determining a quorum and in respect to voting rights may be affected by certain matters, including payment default under this Agreement or an Other Funding Agreement or insolvency affecting a Study Funder or an Other Study Funder, but only if and to the extent set out in the Study Funder Committee Rules. (e) Aurizon Network must promptly notify All Study Funders as soon as it becomes aware of any event or circumstance which may impact on any Study Funder and/or Other Study Funder’s right to be a member or otherwise participate and/or vote in respect of the Study Funder Committee.