Common use of Evolution of the consortium Clause in Contracts

Evolution of the consortium. Entry of a new Party to the Consortium and approval of the settlement on the conditions of the accession of such a new Party - Withdrawal of a Party from the Consortium and the approval of the settlement on the conditions of the withdrawal - Declaration of a Party to be a Defaulting Party - Remedies to be performed by a Defaulting Party - Termination of a Defaulting Party’s participation in the Consortium and measures relating thereto - Proposal to the Funding Authority for a change of the Coordinator - Proposal to the Funding Authority for suspension of all or part of the Project - Proposal to the Funding Authority for termination of the Project and the Consortium Agreement

Evolution of the consortium. Entry of a new Party to the Consortium and approval of the settlement on the conditions of the accession of such a new Party Party; - Withdrawal of a Party from the Consortium and the approval of the settlement on the conditions of the withdrawal withdrawal; - Declaration Identification of a Party to be a Defaulting Party - Remedies to be performed breach by a Defaulting Party of its obligations under this Consortium Agreement or the Grant Agreement; - Termination Declaration, remedies and termination of a Defaulting Party’s participation in the Consortium and measures relating thereto ; - Proposal to the Funding Authority for a change of the Coordinator if made a Defaulting Party; - Proposal to the Funding Authority for suspension of all or part of the Project Action; - Proposal to the Funding Authority for termination of the Project Action and the Consortium Agreement.