Common use of Formation and Dissolution Clause in Contracts

Formation and Dissolution. The JSC shall be formed as soon as possible, but no later than […***…] following the Effective Date of this Agreement and, unless otherwise agreed by the Parties, shall dissolve at the time of initial Regulatory Approval in the U.S., or earlier should Dimension elect to discontinue the JSC following Demonstration of Clinical POC. The JSC shall be comprised of […***…] representatives from each Party. If mutually agreed by the JSC members on a case-by-case basis, the JSC may invite other non-members to participate in the discussions and meetings of the JSC, provided that such participants shall have no voting authority at the JSC. Each Party may substitute its representative from time-to-time effective only upon the consent of the other Party, not to be unreasonably withheld. The JSC shall have no permanent chairman.

Formation and Dissolution. The JSC shall be formed as soon as possible, but no later than […***…] following the Original Effective Date of this Agreement and, unless otherwise agreed by the Parties, shall dissolve at the time of initial Regulatory Approval in the U.S., or earlier should Dimension elect to discontinue the JSC following Demonstration of Clinical POC. The JSC shall be comprised of […***…] representatives from each Party. If mutually agreed by the JSC members on a case-by-case basis, the JSC may invite other non-members to participate in the discussions and meetings of the JSC, provided that such participants shall have no voting authority at the JSC. Each Party may substitute its representative from time-to-time effective only upon the consent of the other Party, not to be unreasonably withheld. The JSC shall have no permanent chairman.