Common use of Veto rights Clause in Contracts

Veto rights. 6.2.4.1 A Party that can show that its own work, time for performance, costs, liabilities, Intellectual Property Rights, Access Rights, Share, Sensitive Information or Legitimate Interests would be 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 good faith efforts to resolve the matter which occasioned the veto in a way which minimises disruption to the Action. 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 that which can show that its own work, time for performance, costs, liabilities, Intellectual Property Rights, Access Rights, Share, Sensitive Information or Legitimate Interests would be 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 good faith efforts to resolve the matter which occasioned the veto in a way which minimises disruption to the Action. 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.