Common use of Derivative Action Clause in Contracts

Derivative Action. Pursuant to Section 20.3, a Member may initiate and pursue in the right of the Company any Dispute arising out of or relating to 1. The parties to any such Dispute shall first attempt to resolve the Dispute pursuant to Section 20.1 or 20.2.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Integrated Silicon Solution Inc), Limited Liability Company Agreement (Altera Corp)