Common use of JSC Decision Making Clause in Contracts

JSC Decision Making. All decisions of the JSC shall be made by unanimous vote, with each Party’s representatives collectively having one (1) vote, and shall be set forth in minutes approved by both Parties. If the JSC is unable to reach agreement on any matter within [***] after a matter is referred to it or first considered by it, such matter shall be referred to the Executive Officers for resolution in accordance with Section 3.8.1 (Executive Officers; Disputes).

Appears in 2 contracts

Sources: Exclusive License Agreement (VYNE Therapeutics Inc.), Exclusive License Agreement (VYNE Therapeutics Inc.)

JSC Decision Making. All decisions of by the JSC shall be made by unanimous vote, with each Party’s representatives collectively having vote of the Members present. The presence of at least one (1) vote, and shall be set forth in minutes approved by both Parties. If Member of the JSC is unable representing each of Meda and Valeant (i.e. a total of two Members) shall constitute a quorum. The Members shall use their reasonable efforts to reach agreement on any matter within [***] after a matter is referred and all matters to it be determined or first considered resolved by it, such matter shall be referred to the Executive Officers for resolution in accordance with Section 3.8.1 (Executive Officers; Disputes)JSC.

Appears in 2 contracts

Sources: License Agreement, License Agreement (Valeant Pharmaceuticals International, Inc.)

JSC Decision Making. All decisions Decisions of the JSC shall be made by unanimous vote, with each Party’s representatives collectively having one (1) vote, . Each of Seres and MedImmune shall be set forth in minutes approved by both Parties. If the JSC is unable entitled to reach agreement on any matter within [***] after a matter is referred to it on all matters coming before the JSC or first considered by itany subcommittee or subgroup thereof. If the JSC does not reach unanimous agreement on any matter, [***] shall have final decision-making authority regarding such matter shall be referred to the Executive Officers for resolution in accordance with Section 3.8.1 (Executive Officers; Disputes)unless such decision would [***].

Appears in 1 contract

Sources: Research Collaboration and Option Agreement (Seres Therapeutics, Inc.)

JSC Decision Making. All decisions of by the JSC shall be made by unanimous votevote of a quorum of the Members, with each Party’s representatives collectively of Oncolytics and Licensee having one (1) vote, and shall be set forth in minutes approved by both Parties. If The presence of at least two (2) Members of the JSC is unable representing each of Oncolytics and Licensee (i.e., a total of four (4) Members) shall constitute a quorum. The Members shall use their reasonable efforts to reach agreement on any matter within [***] after a matter is referred and all matters to it be determined or first considered resolved by it, such matter shall be referred to the Executive Officers for resolution in accordance with Section 3.8.1 (Executive Officers; Disputes)JSC.

Appears in 1 contract

Sources: License, Development, Supply and Distribution Agreement (Oncolytics Biotech Inc)

JSC Decision Making. All decisions of by the JSC shall be made by unanimous votevote of a quorum of the Members, with each Party’s representatives collectively Member of KTI and ▇▇▇ having one (1) vote, and shall be set forth in minutes approved by both Parties. If The presence of at least [***] Members of the JSC is unable representing each of KTI and ▇▇▇ shall constitute a quorum. The Members shall use their reasonable efforts to reach agreement on any matter within [***] after a matter is referred and all matters to it be determined or first considered resolved by it, such matter shall be referred to the Executive Officers for resolution in accordance with Section 3.8.1 (Executive Officers; Disputes)JSC.

Appears in 1 contract

Sources: License and Joint Venture Agreement (Klox Technologies, Inc.)