Examples of Consortium Agreement in a sentence
The Parties agree that if a Party wishes to terminate its participation in the Project, it will be considered as a request for termination as provided for in article II.36.6 of the Grant Agreement and the provisions of this Consortium Agreement regarding such termination shall apply.
If it is intended to use the services of a third party for the purposes of this Article 9.8.4.1.1, the Parties concerned shall agree on the terms thereof with due observance of the interests of the Party granting the Access Rights as set out in Article 9.2 of this Consortium Agreement.
The purpose of this Consortium Agreement is to specify with respect to the Project the relationship among the Parties, in particular concerning the organisation of the work between the Parties, the management of the Project and the rights and obligations of the Parties concerning inter alia liability, Access Rights and dispute resolution.
For the avoidance of doubt any grant of Access Rights not covered by this Consortium Agreement shall be at the absolute discretion of the owning Party and subject to such terms and conditions as may be agreed between the owning and receiving Parties.
The Coordinator shall be the intermediary between the Parties and the European Commission and shall perform all tasks assigned to it as described in the Grant Agreement and in this Consortium Agreement.
No Party shall be considered to be in breach of this Consortium Agreement if such breach is caused by Force majeure.
Before signature of the Grant Agreement by the Coordinator any Party may without thereby incurring liability withdraw from and terminate this Consortium Agreement by informing the Coordinator in writing of such withdrawal and termination (which shall take effect as of the latest date of such notice) if at its sole option it decides it will not participate either in the submission of the proposal or in the carrying out of the Project.
Nothing in this Consortium Agreement shall be deemed to require a Party to breach any mandatory statutory law under which the Party is operating.
The Coordinator shall not enlarge its role beyond the tasks specified in this Consortium Agreement and in the Grant Agreement.
If circumstances arise under which a Party wishes to terminate its participation in the Grant Agreement and this Consortium Agreement, it may make a written application to the Coordinator for it to withdraw from the Project and to terminate this Consortium Agreement with regard to itself.