Common use of No voting right Clause in Contracts

No voting right. A Participant may not vote with regard to the decision relating to its identification to be in breach of its obligations nor to its identification as a Defaulting Participant. A Participant requesting to leave the consortium may not vote to decisions relating thereto.

Appears in 19 contracts

Samples: Consortium Agreement, Consortium Agreement, Consortium Umbrella Agreement

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