Waive of Protection Sample Clauses

Waive of Protection. In case a Party (“Originator”) decides in its sole discretion that it does not intend to seek adequate and effective protection over certain of its Foreground issuing from the Project, or if the Party concerned intends to waive such protection then, the Originator shall inform the other Parties (via the Coordinator, if this is practical) accordingly at least ninety (90) days before any relevant deadline (e.g. publication). Any Party interested in applying to obtain and maintain such protection shall advise the other Parties through the Coordinator and in writing within one (1) month of receipt of relevant notice. In that case the Originator may assign, in its sole discretion, to such other Party(s) all necessary rights which it owns against a reasonable compensation to be agreed upon the Parties concerned or find another agreement with such other Party. In case several Parties are interested in so applying, they shall set up amongst themselves and with the Originator appropriate agreements to this end. For the avoidance of doubt, the Party which assigned its rights shall have at least the same Access Rights as the non-involved Parties. The foregoing shall be without prejudice to the Access-rights of all Parties that will remain unaffected.
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Related to Waive of Protection

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