Common use of Veto rights Clause in Contracts

Veto rights. 6.2.4.1 A Party which can show that its own work, time for performance, costs, liabilities, Intellectual Property Rights, Access Rights or other Legitimate Interests would be severely affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. 6.2.4.2 A Party may veto such decision within 15 calendar days after the draft minutes of the meeting have been sent. In case of exercise of veto, the Members of the related Consortium Body shall make every reasonable effort to resolve the matter which occasioned the veto to the general satisfaction of all Parties. 6.2.4.3 A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Consortium or the consequences of them.

Veto rights. 6.2.4.1 A Party which can show that its own work, time for performance, costs, liabilities, Intellectual Property Rights, Access Rights Rights, Share or other Legitimate Interests legitimate interests would be severely adversely affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. 6.2.4.2 A Party may veto such decision within 15 calendar days after the draft minutes of the meeting have been sent. In case of exercise of veto, the Members of the related Consortium Body shall make every reasonable effort good faith efforts to resolve the matter which occasioned the veto to the general satisfaction of all Partiesits Members. 6.2.4.3 A Party may not veto decisions relating to it being in substantial breach of its obligations or to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Consortium or the consequences of them.

Veto rights. 6.2.4.1 A Party which can show that its own work, time for performance, costs, liabilities, Intellectual lntellectual Property Rights, Access Rights or other Legitimate Interests legitimate interests would be severely affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. 6.2.4.2 A Party may veto such decision within 15 calendar days after the draft minutes of the meeting have been sent. In ln case of exercise of veto, the Members members of the related Consortium Body shall make every reasonable effort to resolve the matter which occasioned the veto to the general satisfaction of all Parties. 6.2.4.3 A Party may not veto decisions relating to its identification ident fication as a Defaulting Party. The Defaulting Defauiting Party may not veto decisions relating to its participation and termination in the Consortium or the consequences of them.. DREAM CONSORTIUM AGREEMENT Page 9 from 28

Veto rights. 6.2.4.1 A Party which can show that its own work, time for performance, costs, liabilities, Intellectual Property Rights, Access Rights or other Legitimate Interests would be severely significantly affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. 6.2.4.2 A Party may veto such decision within 15 calendar days after the draft minutes of the meeting have been sent. In case of exercise of veto, the Members of the related Consortium Body shall make every reasonable effort to resolve the matter which occasioned the veto to the general satisfaction of all Parties. 6.2.4.3 A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Consortium or the consequences of them.

Veto rights. 6.2.4.1 A Party which can show that its own work, time for performance, costs, liabilities, Intellectual Property Rights, Access Rights or other Legitimate Interests legitimate interests would be severely affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. 6.2.4.2 A Party may veto such decision within 15 calendar days after the draft minutes of the meeting have been sent. In case of exercise of veto, the Members of the related Consortium Body shall make every reasonable effort to resolve the matter which occasioned the veto to the general satisfaction of all Parties. 6.2.4.3 A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Consortium or the consequences of them.

Veto rights. 6.2.4.1 A Party which that can show that its own work, time for performance, costs, liabilities, Intellectual Property Rights, Access Rights intellectual property rights or other Legitimate Interests legitimate interests would be severely affected by a decision of a Consortium Body the Management Group Assembly may exercise a veto with respect to the corresponding decision or relevant part of the decision. 6.2.4.2 . Such veto shall be reasonably and duly justified. A Party may veto such a decision during the meeting and within 15 calendar days after the draft minutes of the meeting have been are sent. . 6.2.4.2 In case of exercise of veto, the Members of the related Consortium Body shall make every reasonable effort to resolve the matter which occasioned caused the veto to the general satisfaction of all Parties. 6.2.4.3 A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Consortium or the consequences of them. A Party requesting to leave the Consortium may not veto decisions relating thereto.

Veto rights. 6.2.4.1 6.3.4.1 A Party Member which can show that its own work, time for performance, costs, liabilities, Intellectual Property Rights, Access Rights intellectual property rights or other Legitimate Interests legitimate interests would be severely affected by a decision of a Consortium Body the Steering Committee may exercise a veto with respect to the corresponding decision or relevant part of the decision. 6.2.4.2 A Party 6.3.4.2 When the decision is foreseen on the original agenda, a Member may veto such a decision within 15 calendar days after the draft minutes of during the meeting have been sent. only. 6.3.4.3 In case of exercise of veto, the Members of the related Consortium Body shall make every reasonable effort to resolve the matter which occasioned the veto to the general satisfaction of all PartiesMembers. 6.2.4.3 6.3.4.4 A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Consortium Partnership or the consequences of them. 6.3.4.5 A Party requesting to leave the Partnership may not veto decisions relating thereto.