Change in Principal Investigator Sample Clauses

The Change in Principal Investigator clause outlines the procedures and requirements that must be followed if the designated principal investigator (PI) for a project is replaced or unable to continue in their role. Typically, this clause requires the party responsible for the project to promptly notify the other party of the change and may require approval of the new PI to ensure they have appropriate qualifications. Its core function is to maintain project continuity and quality by ensuring that any transition in leadership is managed transparently and with oversight, thereby minimizing disruptions and safeguarding the project's objectives.
Change in Principal Investigator. If for any reason the Principal Investigator(s) becomes unavailable, SDSU shall notify the Sponsor with an appointment of a successor Principal Investigator chosen by SDSU. Unless the Sponsor notifies objections in writing within fifteen (15) calendar days of notice by SDSU for the appointment of the successor Principal Investigator, the successor Principal Investigator will replace the Principal Investigator of this Agreement and will conduct the Service described in Exhibit A. If a mutually acceptable successor Principal Investigator is not identified within thirty (30) calendar days from the written objection of the Sponsor for the successor Principal Investigator, this Agreement may be terminated immediately by either Party, provided however that all funds paid to SDSU by the Sponsor prior to such termination will be retained by SDSU.
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Change in Principal Investigator. ▇▇▇▇ ▇▇▇▇▇ agrees to promptly advise Sponsor of any change in the employment status or availability of the Principal Investigator that could have a material adverse effect on the Research Program. If the Principal Investigator ceases to be associated with ▇▇▇▇ ▇▇▇▇▇ or otherwise becomes unavailable to direct the Research Program, ▇▇▇▇ ▇▇▇▇▇ will be entitled to replace the Principal Investigator with a qualified researcher acceptable to Sponsor.
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Change in Principal Investigator. UW agrees to promptly advise Sponsor of any change in the employment status of the Principal Investigator that could have a material adverse effect on the Project. If the Principal Investigator ceases to be associated with the UW or otherwise becomes unavailable to direct the Project, the UW will be entitled to replace the Principal Investigator with a qualified researcher acceptable to Sponsor.
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Change in Principal Investigator. If for any reason Dr. __________ is unable to fulfill the responsibilities of the Principal Investigator required to carry out the Research, the Parties shall negotiate in good faith the continuance of the Research under the direction and supervision of a different Principal Investigator. However, if another Principal Investigator satisfactory to deCODE cannot be agreed upon, then deCODE may terminate this Agreement immediately upon giving notice thereof.
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Change in Principal Investigator. If for any reason Principal Investigator becomes unavailable to conduct the Study, University shall promptly so notify Company. University will then recommend a successor Principal Investigator. If Company does not agree to the proposed successor, the Study may be terminated as set forth in Section 3.2 (d).
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Related to Change in Principal Investigator

  • Principal Investigator The Research Project will be supervised by _____________ (Principal Investigator). If for any reason this individual is unable to continue to serve as principal investigator and a successor acceptable to both the University and the Sponsor is not available, this Agreement shall be terminated as provided in Article 6.

  • Investment Decision The Purchaser understands that nothing in the Agreement or any other materials presented to the Purchaser in connection with the purchase and sale of the Shares constitutes legal, tax or investment advice. The Purchaser has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with its purchase of the Shares.

  • Independent Investment Decision Such Purchaser has independently evaluated the merits of its decision to purchase the Shares pursuant to the Agreement, and such Purchaser confirms that it has not relied on the advice of any other Purchaser’s business and/or legal counsel in making such decision. Such Purchaser has not relied on the business or legal advice of the Company or any of its agents, counsel or Affiliates in making its investment decision hereunder, and confirms that none of such Persons has made any representations or warranties to such Purchaser in connection with the transactions contemplated by the Transaction Documents.

  • INITIAL INVESTMENT The Advisor has contributed to the Company $200,000 in exchange for 20,000 Equity Shares (the "Initial Investment"). The Advisor may not sell these shares while the Advisory Agreement is in effect, although the Advisor may transfer such shares to Affiliates. The restrictions included above shall not apply to any Equity Shares, other than the Equity Shares acquired through the Initial Investment, acquired by the Advisor or its Affiliates. The Advisor shall not vote any Equity Shares it now owns, or hereafter acquires, in any vote for the removal of Directors or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

  • Change of Control/Change in Management (i) Any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 (the “Exchange Act”)), is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a Person will be deemed to have “beneficial ownership” of all securities that such Person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than twenty five percent (25%) of the total voting power of the then outstanding voting stock of the Parent entitled to vote for the election of directors; (ii) During any period of 12 consecutive months, individuals who at the beginning of any such 12-month period constituted the Board of Directors (or equivalent body) of the Parent (together with any new directors whose election by such Board of Directors or whose nomination for election by the shareholders of the Parent was approved by a vote of a majority of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute at least a majority of the Board of Directors (or equivalent body) of the Parent; or (iii) the Parent shall cease to own and control, directly or indirectly, more than 85% of the outstanding Equity Interests of the Borrower, free and clear of any Liens (other than in favor of the Administrative Agent); or any Person or group shall own, directly or indirectly, an equal or greater percentage of the outstanding Equity Interests of the Borrower than the percentage held by the Parent; or the acquisition of direct or indirect Control of the Borrower by any Person or group other than the Parent; or (iv) (A) General Partner shall cease to be a Wholly Owned Subsidiary of the Parent, (B) the Parent, General Partner or a Wholly-Owned Subsidiary of the Parent cease to have the sole and exclusive power to exercise all management and control over the Borrower or (B) the Parent, General Partner or a Wholly-Owned Subsidiary of the Parent shall cease to be the sole general partner of the Borrower; or (v) the Borrower shall cease to own and control, directly or indirectly, 100% of the outstanding Equity Interests of each Eligible Property Subsidiary and each other Subsidiary Guarantor (other than Subsidiary Guarantors under clause (vii) of the definition of “Required Guarantor”), in each case free and clear of any liens (other than in favor of the Administrative Agent).