Common use of Defaulting Participant Clause in Contracts

Defaulting Participant. Access Rights granted to a Defaulting Particiapnt and such Participant's right to request Access Rights shall cease immediately upon receipt by the Defaulting Participant of the formal notice of the decision of the General Assembly to terminate its participation in the Consortium.

Defaulting Participant. Access Rights granted to a Defaulting Particiapnt Participant and such Participant's right to request Access Rights shall cease immediately upon receipt by the Defaulting Participant of the formal notice of the decision of the General Assembly to terminate its participation in the Consortiumconsortium.