Common use of Description of Activities and Governance Arrangements Clause in Contracts

Description of Activities and Governance Arrangements. 1.1 The objectives, operating principles, activities and governance arrangements of the Trust Fund are described in the PMR Governance Framework, which was adopted at the organizational meeting of the Trust Fund on April 11, 2011, as such framework may be amended from time to time in accordance with its terms (the “PMR Governance Framework”). The PMR Governance Framework, as originally adopted, is provided as Attachment 1 to this Annex 1. It is attached here for informational purposes only, as any amendments to the PMR Governance Framework, made in accordance with its terms, shall become applicable to this Agreement as such amendments take effect without further need to amend this Agreement; provided that, in the event of any conflict with other parts of this Agreement, the terms of this Agreement shall prevail.

Description of Activities and Governance Arrangements. 1.1 The objectives, operating principles, activities and governance arrangements of the Trust Fund are described in the PMR Governance Framework, which was adopted at the organizational meeting of the Trust Fund on April 11, 2011, as such framework may be amended from time to time in accordance with its terms (the “PMR Governance Framework”). The PMR Governance Framework, as originally adopted, is provided as Attachment 1 Annex V to this Annex 1Agreement. It is attached here for informational purposes only, as any amendments to the PMR Governance Framework, made in accordance with its terms, shall become applicable to this Agreement as such amendments take effect without further need to amend this Agreement; provided that, in the event of any conflict with other parts of this Agreement, the terms of this Agreement shall prevail.