Common use of JSC Decisions and Actions Clause in Contracts

JSC Decisions and Actions. (i) Actions to be taken by the JSC shall be taken only following unanimous vote, with the representatives of each Party collectively having one (1) vote. If the JSC fails to reach unanimous agreement on a matter before it for decision within [**] from the date that the matter is first presented to the JSC in writing, such matter shall be referred to the Executive Officers for discussion and resolution pursuant to Section 15.6(a). Any resolution of such matter by the Executive Officers shall be final and binding on the Parties. If the Executive Officers are not able to resolve the matter within the [**] period specified in Section 15.6(a), then [**] shall have the final decision-making authority with respect to such matter, and [**] decision on such matter shall be final and binding on the Parties, subject to the limitations set forth in Section 2.1(c)(ii), Section 2.1(c)(iii), Section 3.3 and Section 10.4(c).

Appears in 3 contracts

Samples: License and Collaboration Agreement (Pandion Therapeutics Holdco LLC), License and Collaboration Agreement (Pandion Therapeutics Holdco LLC), License and Collaboration Agreement (Pandion Therapeutics Holdco LLC)

AutoNDA by SimpleDocs

JSC Decisions and Actions. (i) Actions to be taken by the JSC shall be taken only following unanimous vote[***], with the representatives of each Party collectively having one (1) vote[***]. If the JSC fails to reach unanimous agreement on a matter before it for decision within [**] *][***]from the date that the matter is first presented to the JSC in writing, such matter shall be referred to the Executive Officers for discussion and resolution pursuant to Section 15.6(a)14.2. Any resolution of such matter by the Executive Officers shall be final and binding on the Parties. If the Executive Officers are not able to resolve the matter within the [***] period specified in Section 15.6(a)14.2, then [***] shall have the final decision-making authority with respect to such matter, and [***] decision on such matter shall be final and binding on the Parties, subject to the limitations set forth in Section 2.1(c)(ii), Section 2.1(c)(iii), Section 3.3 and Section 10.4(c)2.5.

Appears in 1 contract

Samples: Collaboration and License Agreement (Macrogenics Inc)

AutoNDA by SimpleDocs

JSC Decisions and Actions. (i) Actions to be taken by the JSC shall be taken only following unanimous vote[***], with the representatives of each Party collectively having one (1) vote[***]. If the JSC fails to reach unanimous agreement on a matter before it for decision within [***] from the date that the matter is first presented to the JSC in writing, such matter shall be referred to the Executive Officers for discussion and resolution pursuant to Section 15.6(a)14.2. Any resolution of such matter by the Executive Officers shall be final and binding on the Parties. If the Executive Officers are not able to resolve the matter within the [***] period specified in Section 15.6(a)14.2, then [***] shall have the final decision-making authority with respect to such matter, and [***] decision on such matter shall be final and binding on the Parties, subject to the limitations set forth in Section 2.1(c)(ii), Section 2.1(c)(iii), Section 3.3 and Section 10.4(c)2.5.

Appears in 1 contract

Samples: Collaboration and License Agreement (Macrogenics Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.