Common use of Use of Access Rights Clause in Contracts

Use of Access Rights. Background and Foreground shall be used only for the purposes for which Access Rights to it have been granted. New Parties entering the Consortium Agreement. All Foreground developed before the accession of the new Party shall considered to be Background listed in Annex 3 with regard to said new Party. Parties leaving the Consortium Agreement. Access Rights granted to a Defaulting Party and such Party's right to request Access Rights shall cease immediately upon receipt by the Defaulting Party of the formal notice of the decision of the Project Committee to terminate its participation in the Project. A non-Defaulting Party leaving voluntarily and with the other Parties' consent shall continue the Access Rights it has granted with respect to its Background and Foreground under this Consortium Agreement as if it had remained a Party for the whole duration of the Project.

Appears in 2 contracts

Samples: Consortium Agreement, Consortium Agreement

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Use of Access Rights. Background and AND Foreground shall be used only for the purposes for which Access Rights to it have been granted. New Parties entering the Consortium Agreement. All Foreground developed before the accession of the new Party shall considered to be Background listed in to Annex 3 with regard to said new Party. Parties leaving the Consortium Agreement. Access Rights granted to a Defaulting Party and such Party's right to request Access Rights shall cease immediately upon receipt by the Defaulting Party of the formal notice of the decision of the Project Committee to terminate its participation in the Project. A non-Defaulting Party leaving voluntarily and with the other Parties' consent shall continue the Access Rights it has granted with respect to its Background and Foreground under this Consortium Agreement as if it had remained a Party for the whole duration of the Project.

Appears in 2 contracts

Samples: Consortium Agreement, Consortium Agreement

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Use of Access Rights. Background and Foreground shall be used only for the purposes for which Access Rights to it have been granted. New Parties entering the Consortium Agreement. All Foreground developed before the accession of the new Party shall considered to be Background listed in Annex 3 1 with regard to said new Party. Parties leaving the Consortium Agreement. Access Rights granted to a Defaulting Party and such Party's right to request Access Rights shall cease immediately upon receipt by the Defaulting Party of the formal notice of the decision of the Project Committee to terminate its participation in the Project. A non-Defaulting Party leaving voluntarily and with the other Parties' consent shall continue the Access Rights it has granted with respect to its Background and Foreground under this Consortium Agreement as if it had remained a Party for the whole duration of the Project.

Appears in 1 contract

Samples: Consortium Agreement

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