Common use of Waiver of Action Clause in Contracts

Waiver of Action. Upon motion and affirmative vote of the Governance Committee (pursuant to Section VII of this Agreement), the Governance Committee may choose to waive its right to issue a decision or recommendation with respect to any matter for which the Governance Committee is afforded such right herein. The purpose of the Governance Committee’s right to waive its right to make any specified decision or recommendation herein is to empower the Governance Committee to avoid issuing any decision or recommendation, which, in its determination, would violate any law, unreasonably delay efforts to develop water supplies for the Monterey Peninsula, or otherwise compromise the public interest.

Waiver of Action. Upon motion and affirmative vote of the Governance Committee (pursuant to Section VII of this Agreement)Committee, the Governance Committee may choose to waive its right to issue a decision or recommendation recommendations with respect to any matter for which the Governance Committee is afforded such right herein. The purpose of the Governance Committee’s right to waive its right to make any specified decision or recommendation herein is to empower the Governance Committee to avoid issuing any decision or recommendation, which, in its determination, would violate any law, unreasonably delay efforts to develop water supplies for the Monterey Peninsula, or otherwise compromise the public interest.