Common use of Authority and Decision Making Clause in Contracts

Authority and Decision Making. The FSC shall act by consensus. The representatives from each Party will have, collectively, one (1) vote on behalf of that Party. If the FSC cannot reach consensus on an issue that comes before the FSC and over which the FSC has oversight, then the Parties shall refer such matter to the China Committee for resolution in accordance with Section 2.2(e). The FSC shall have no power to amend, modify, or waive compliance with Exhibit D or this Agreement.

Appears in 2 contracts

Sources: License, Development and Commercialization Agreement (Fibrogen Inc), License, Development and Commercialization Agreement (Fibrogen Inc)

Authority and Decision Making. The FSC shall act by consensus. The representatives from each Party will have, collectively, one (1) vote on behalf of that Party. If the FSC cannot reach consensus on an issue that comes before the FSC and over which the FSC has oversight, then the Parties shall refer such matter to the China Committee for resolution in accordance with Section 2.2(e)) of this Agreement. The FSC shall have no power to amend, modify, or waive compliance with Exhibit D or this Agreement.

Appears in 1 contract

Sources: License, Development and Commercialization Agreement (Fibrogen Inc)