Common use of Exit of a Member from the JV Agreement Clause in Contracts

Exit of a Member from the JV Agreement. This Agreement will automatically terminate without action by any party upon the actions of either Member, as defined in the JV Agreement, to terminate the JV Agreement in accordance with Section 10.9(b) or Section 10.9(c) of the JV Agreement, whereupon this Agreement shall be terminated as of the effective date of the dissolution of the Company (as defined in the JV Agreement). PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

Appears in 2 contracts

Sources: Contribution Agreement (Mascoma Corp), Contribution Agreement (Mascoma Corp)