Consortium Umbrella Agreement definition
Examples of Consortium Umbrella Agreement in a sentence
In the event that Partners disagree on whether the requested Background and/or Foreground is Needed in accordance with this Section 6.3, each of the Partners may request the Project Committee to decide the matter in accordance with the provisions of the Consortium Umbrella Agreement.
New Partners entering the Consortium Umbrella Agreement and this Consortium Project Agreement.
Definitions used herein have the meaning defined either herein, or in the Consortium Umbrella Agreement.
In any other event, the terms of the Consortium Umbrella Agreement shall prevail over this Consortium Project Agreement.
This Consortium Project Agreement is subject to and is concluded further to the Consortium Umbrella Agreement and shall as such - once duly signed and executed – also be governed by the Consortium Umbrella Agreement, which is incorporated herein by reference.
This obligation shall be subject to the limits specified in Section 5.5 of the Consortium Umbrella Agreement.
Furthermore such a Participant shall, within the limits specified in Section 5.5 of the Consortium Umbrella Agreement, bear any reasonable and justifiable additional costs occurring to the other Participants in order to perform its and their tasks.
The purpose of this Consortium Umbrella Agreement is to specify, with respect to the Program, the overall relationship among the Participants.
Except as allowed under this Consortium Umbrella Agreement, no rights or obligations of the Participants arising from this Umbrella Agreement may be assigned or transferred, in whole or in part, to any third party without the other Participants’ prior formal approval.
The Program Coordinator (or the Steering Committee in the event that no Program Coordinator is appointed or if the Program Coordinator is subject to a decision of the Steering Committee to replace the Program Coordinator, or to declare the Program Coordinator a Defaulting Participant ) is entitled to withhold any payments due to a Participant to be in substantial breach of its obligations under this Consortium Umbrella Agreement or the Consortium Project Agreement.