Joint Decision Clause Samples

A Joint Decision clause establishes a process by which two or more parties must make certain decisions together, rather than unilaterally. Typically, this clause outlines the types of matters that require joint agreement, such as major project changes, budget approvals, or strategic directions, and may specify procedures for reaching consensus or resolving deadlocks. Its core practical function is to ensure that all relevant parties have equal input and control over significant decisions, thereby promoting collaboration and preventing unilateral actions that could negatively impact the interests of any party involved.
Joint Decision. In the event that both Parties mutually elect not to continue their participation in the Development of a Program Product, by exchange of mutual Notices of Discontinuance or mutual written agreement, then such Program Product shall thereupon be deemed a Dropped Program Product. Any mutual election of the Parties to not continue their participation in Development of a Program Product shall have no effect on (i) LGLS's continued ownership of all LGLS Patent Rights and LGLS Know-how, its rights in the Program Technology, Program Materials and the Global Development Plan, and the license granted by Anadys to LGLS under Section 3.1.2 to the extent such license relates to other Program Products, and (ii) Anadys's continued ownership of all its Patent Rights in the Anadys Inventions, its rights in the Program Technology, Program Materials and the Global Development Plan, and the license granted by LGLS to Anadys under Section 3.1.1 to the extent such license relates to other Program Products.
View Source
Joint Decision. To the extent that the Notes or Indenture provide for any discretion or action on behalf of either or both Issuers or any direct or indirect Subsidiary of either Issuer, and such action or discretion could result in the repayment, redemption or offer to purchase of the portion of the Notes, as Units, not otherwise then due by reason of a default or Maturity of the Notes, then such action or discretion shall not be taken or exercised without the express agreement of both Issuers.
View Source
Joint Decision. Kinectrics and The Society are obliged to reach an agreement on the issue.
View Source
Joint Decision. AMEC NSS and The Society are obliged to reach an agreement on the issue.
View Source
Joint Decision. The IESO and The Society are obliged to reach an agreement on the issue.
View Source

Related to Joint Decision

  • Claim Decision Upon receipt of such claim, the Plan Administrator shall respond to such claimant within ninety (90) days after receiving the claim. If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional ninety (90) days for reasonable cause by notifying the claimant in writing, prior to the end of the initial ninety (90) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision. If the claim is denied in whole or in part, the Plan Administrator shall notify the claimant in writing of such denial. The Plan Administrator shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: (i) The specific reasons for the denial; (ii) The specific reference to pertinent provisions of the Agreement on which the denial is based; (iii) A description of any additional information or material necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; (iv) Appropriate information as to the steps to be taken if the claimant wishes to submit the claim for review and the time limits applicable to such procedures; and (v) A statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review.

  • Independent Decision The Investor is not relying on the Issuer or on any legal or other opinion in the materials reviewed by the Investor with respect to the financial or tax considerations of the Investor relating to its investment in the Shares. The Investor has relied solely on the representations and warranties, covenants and agreements of the Issuer in this Agreement (including the exhibits and schedules hereto) and on its examination and independent investigation in making its decision to acquire the Shares.

  • Arbitration Decisions Unless otherwise agreed by the Parties, the arbitrator(s) shall render a decision within ninety (90) Calendar Days of appointment and shall notify the Parties in writing of such decision and the reasons therefor. The arbitrator(s) shall be authorized only to interpret and apply the provisions of this Agreement and shall have no power to modify or change any provision of this Agreement in any manner. The decision of the arbitrator(s) shall be final and binding upon the Parties, and judgment on the award may be entered in any court having jurisdiction. The decision of the arbitrator(s) may be appealed solely on the grounds that the conduct of the arbitrator(s), or the decision itself, violated the standards set forth in the Federal Arbitration Act or the Administrative Dispute Resolution Act. The final decision of the arbitrator must also be filed with FERC if it affects jurisdictional rates, terms and conditions of service, Attachment Facilities, System Upgrade Facilities, or System Deliverability Upgrades.

  • Arbitration Decision The arbitrator’s decision will be final and binding. The arbitrator shall issue a written arbitration decision revealing the essential findings and conclusions upon which the decision and/or award is based. A party’s right to appeal the decision is limited to grounds provided under applicable federal or state law.

  • Investment Decision The Purchaser understands that nothing in the Agreement or any other materials presented to the Purchaser in connection with the purchase and sale of the Shares constitutes legal, tax or investment advice. The Purchaser has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with its purchase of the Shares.