Default Rules Sample Clauses

Default Rules. Unless expressly contradicted or otherwise qualified, (i) all references to a Person also refer to that Person’s successors and permitted assigns, including permitted transferees, and (ii) all references to and definitions of any agreement, instrument or statute herein or in any agreement or instrument referred to herein mean such agreement, instrument or statute, including the Articles, as from time to time may be amended, modified, supplemented or restated, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and references to all attachments thereto and instruments incorporated therein.

Default Rules. Unless expressly contradicted or otherwise qualified, (i) all references to a Person also refer to that Person’s successors and permitted assigns, including permitted transferees, and

Default Rules. The PCA Optional Rules for Arbitrating Disputes between Two States shall apply to supplement provisions of these Articles. The Parties Group may adopt supplemental provisions to ensure the smooth functioning of these rules, in particular to clarify the inter-relationship between these rules and the PCA Optional Rules.

Default Rules. The [UNCITRAL arbitration rules] shall apply to supplement provisions of these Articles. 12

Default Rules. Micromet will own all right, title and interest in and to any [***] Technology, [***] Technology, [***] Technology, and Micromet’s rights and interest in [***] Technology. BI will own all right, title and interest in and to any [***] Technology, [***] Technology, [***] Technology and BI’s rights and interest in [***] Technology. Micromet and BI will each [***] an [***] in any [***] Technology, without obligation to account to the other for the exploitation thereof or to seek consent of the other for the grant of any licenses under or the enforcement of [***] Technology except as expressly limited by the terms of this Agreement. Each Party will take all necessary and proper acts, and will cause its and its Affiliates’ employees, agents and Service Providers to take such necessary and proper acts, to effect the ownership provisions provided in this Section 6.2.

Default Rules. 9.1.1 If a Default Event occurs in relation to a Participant, GFO-X may declare a Default Event in relation to that Participant (a Defaulting Participant). 9.1.2 In the event that GFO-X declares a Default Event in relation to any Participant, any Trade to which that Defaulting Participant is party that has not been registered for clearing by the CCP, including pursuant to direct or indirect clearing arrangements, shall be immediately voided ab initio by GFO-X and deemed such. In turn: (a) all rights and liabilities (excluding in respect of margin or arising out of a failure to perform a Contract) between the counterparties to the voided Trade or any Contract GFO-X chooses to void shall be discharged and such sum of money (if any) shall be paid by one counterparty to the other as may be determined in accordance with the Rules; (b) sums (excluding in respect of margin or arising out of a failure to perform a Contract) payable in respect of different Trades or Contracts between the same counterparties shall be aggregated or set off so as to produce a net sum; and (c) the GFO-X Market shall certify the net sum payable or, as the case may be, the fact that no sum is payable. 9.1.3 GFO-X will notify the Participant which is party to any Trade or Contract to which a Defaulting Participant is the counterparty that it has declared a Default Event and of any decision taken under the Default Rules in relation to such Trade or Contract. 9.1.4 The Default Rules shall not apply in relation to any Contracts entered into for the purposes of or in connection with the provision of clearing services. In the event the CCP declares an event of default in accordance with the CCP rules, the CCP rules shall (to the extent they are applicable) apply in relation to the Trades and Contracts to which the Defaulting Participant is party. 9.1.5 If either GFO-X declares a Default Event or the CCP declares an event of default in accordance with the CCP’s rules, GFO-X is not obliged to take action in relation to any Contracts formed pursuant to Rule 3.11.2 on the basis that such Contracts may be subject to the CCP rules and/or the direct or indirect clearing arrangements entered into between the parties. 9.1.6 If either GFO-X declares a Default Event or the CCP declares an event of default in accordance with its rules, GFO-X may, including in coordination with the Regulator(s) and/or the CCP, take any action that it deems reasonably necessary or appropriate in the circumstances to preserv...