Equipment Classes Clause Samples

Equipment Classes. The Technical Committee will be responsible for establishing, and modifying as appropriate, new or different Equipment Classes for inclusion in the Program, subject to approval by the Operating Committee. In establishing the Equipment Classes, the Technical Committee will also establish the criteria for Qualifying Equipment to be included within each such Equipment Class. Participants will be obligated to provide the Technical Committee with information sufficient to allow the Technical Committee to perform the calculations below and to evaluate whether Equipment constitutes Qualifying Equipment.

Equipment Classes. Upon its relevant Approval Date, each Party shall provide a written notice to the Equipment Committee and any relevant Equipment Sub-Committee, or if the Equipment Committee has not yet held its first meeting to the Project Manager, that identifies the Equipment Class, or Equipment Classes, such Party is then joining as a member under this Agreement, following which designation, such Party shall be a member of such Equipment Class until it withdraws from such Equipment Class in strict compliance with Section 10.1 hereof. A Party may join as a member of any other Equipment Class at any time by providing written notice of its decision to become a member of any such other Equipment Class to the Equipment Committee and the relevant Equipment Sub-Committee, or if the Equipment Committee has not yet held its first meeting to the Project Manager, but in no event may a Party withdraw as a member of any Equipment Class, except in strict compliance with Section 10.1 hereof.