Function and Powers of the JCC Sample Clauses

The 'Function and Powers of the JCC' clause defines the roles, responsibilities, and authority granted to the Joint Coordination Committee (JCC) within an agreement or project. Typically, this clause outlines the JCC's mandate to oversee project implementation, resolve disputes, approve key decisions, and coordinate between parties. For example, the JCC may be empowered to review progress reports, authorize changes to project plans, or mediate disagreements. The core practical function of this clause is to establish a clear governance structure, ensuring effective collaboration and decision-making among stakeholders.
Function and Powers of the JCC. During the Merck Participation Term for a given Program, without limiting the generality of this Section 2.7, the JCC shall have the following specific responsibilities for such Program: (i) review and comment on the global Commercialization strategy for such Program; (ii) review and comment on the Global Commercialization Plan for such Program, including the Global Commercialization Budget; (iii) as necessary, periodically request a review of the overall commercial strategy for such Program, and request Merck prepare and submit an updated global Commercialization strategy for such Program for review by the JCC; (iv) discuss the Commercialization activities under the Global Commercialization Plan for such Program; (v) facilitate the flow of information between the Parties with respect to the Commercialization of Collaboration Products for such Program; (vi) review and discuss strategies with respect to Medical Affairs and Pricing Matters for Collaboration Products in the Territory for such Program to the extent not prohibited by applicable Law; and (vii) [***], coordinating Co-Promotion in the U.S. in accordance with the terms and conditions of this Agreement and the Co-Promotion Agreement for such Program.
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Function and Powers of the JCC. Subject to Merck’s final decision-making rights, the JCC shall oversee and manage the Commercialization of each NGM Optioned Product, including: [*]
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Function and Powers of the JCC. Subject to the Parties’ respective final decision-making rights, the JCC shall oversee and manage the Commercialization of Product and the Companion Diagnostic, including but not limited to: (i) Review and approval of the Co-Promotion Territory Commercialization Plan and Companion Diagnostic Commercialization Plan; (ii) Monitoring the Commercialization activities under the Co-Promotion Territory Commercialization Plan and Companion Diagnostic Commercialization Plan; (iii) Coordinating Co-Promotion of the Product in the Co-Promotion Territory, including reviewing the Parties’ performance with regard to Co-Promotion of the Product and reviewing the Parties sales reports pertaining to Products (iv) Coordinating Commercialization activities and strategies for the Product and the Companion Diagnostic throughout the Territory with a goal of ensuring (y) that the Companion Diagnostic is appropriately Commercialized in each country of the Territory in which the Product has received Product Approval and (z) that the pricing strategy for the Companion Diagnostic is appropriate in each market in the Territory;
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Related to Function and Powers of the JCC

  • Purpose and Powers of the Company The Company is organized for the purpose of carrying on any lawful activity for which limited liability companies may be formed under the Act. The Company shall possess and may exercise all of the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company contemplated by this Agreement.

  • Purposes and Powers of the Trust The purpose of the trust, as created hereunder, is to engage in the following activities: (a) to sell the Certificates to the Company in exchange for the Mortgage Loans; (b) to enter into and perform its obligations under this Agreement; (c) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (d) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders. The trust is hereby authorized to engage in the foregoing activities. Notwithstanding the provisions of Section 11.01, the trust shall not engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement while any Certificate is outstanding, and this Section 2.08 may not be amended, without the consent of the Certificateholders evidencing a majority of the aggregate Voting Rights of the Certificates.

  • Organization and Powers Each Loan Party is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation as specified in Schedule 5.1 annexed hereto. Each Loan Party has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

  • Appointment and Powers Subject to the terms and conditions hereof, each of the Secured Parties hereby appoints Norwest Bank Minnesota, National Association as the Collateral Agent with respect to the Series 1993-A Collateral and the related Collateral subsequently specified in a Series Supplement, and Norwest Bank Minnesota, National Association hereby accepts such appointment and agrees to act as Collateral Agent with respect to the Series 1993-A Collateral, and upon execution of any Series Supplement, shall be deemed to accept such appointment, and agree to act as Collateral Agent with respect to such Collateral, in each case, for the Secured Parties, to maintain custody and possession of such Collateral (except as otherwise provided hereunder) and to perform the other duties of the Collateral Agent in accordance with the provisions of this Agreement. Each Secured Party hereby authorizes the Collateral Agent to take such action on its behalf, and to exercise such rights, remedies, powers and privileges hereunder, as the Controlling Party may direct and as are specifically authorized to be exercised by the Collateral Agent by the terms hereof, together with such actions, rights, remedies, powers and privileges as are reasonably incidental thereto. The Collateral Agent shall act upon and in compliance with the written instructions of the Controlling Party delivered pursuant to this Agreement promptly following receipt of such written instructions; provided that the Collateral Agent shall not act in accordance with any instructions (i) which are not authorized by, or in violation of the provisions of, this Agreement, (ii) which are in violation of any applicable law, rule or regulation or (iii) for which the Collateral Agent has not received reasonable indemnity. Receipt of such instructions shall not be a condition to the exercise by the Collateral Agent of its express duties hereunder, except where this Agreement provides that the Collateral Agent is permitted to act only following and in accordance with such instructions.

  • Organization and Power The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.