Proposed Replacement Sample Clauses
The "Proposed Replacement" clause outlines the process by which one party may suggest substituting a product, service, or contractual term with an alternative. Typically, this clause specifies the conditions under which a replacement can be proposed, the criteria the replacement must meet, and the procedure for approval or rejection by the other party. For example, if a specified material becomes unavailable, the supplier may propose a comparable substitute subject to the buyer's consent. The core function of this clause is to provide flexibility in fulfilling contractual obligations while maintaining quality and mutual agreement, thereby addressing issues that arise from unforeseen changes or unavailability.
Proposed Replacement. Members of the Trust shall consist of those persons who have made a contribution to the Trust in the current year. Membership in the Trust shall entitle those persons with the right to vote on specific issues brought forth by the Board of Trustees at Annual and Special Meetings of the Trust. Trustees shall keep a record of the names and addresses of all members who have made a donation in the current year.
Proposed Replacement. In the case that Novartis desires to replace any Collaboration Target in accordance Section 3.3(b) (Other Replacement), Novartis shall provide written notice to Schrӧdinger, through the JSC, of Novartis’ basis for its determination that no Collaboration Compound has met or is likely to meet the criteria set forth in the DC Criteria of such Collaboration Target (such notice, the “Proposed Replacement Notice”), and the JSC shall discuss in good faith such basis. In the case that following such good faith discussion, Novartis still desires to replace any Collaboration Target based upon such determination, or in the case that Novartis desires to replace any Collaboration Target in accordance with Section 3.3(a) (Initial Replacement Period), Novartis shall send to the Gatekeeper written notice of the identity of the new Target candidate to replace such Collaboration Target (the “Proposed Replacement Target”), which notice shall include such Target’s identity, for such Proposed Replacement Target (the “Proposed Replacement Target Notice”).
Proposed Replacement. If at any time any of the provisions of this instrument as it may then exist shall be or have become inappropriate or inapplicable to carry out the purpose for which this Trust is deemed to have been established, or to make any reasonable modifications thereto which may be necessary or desirable to give effect to the intent, a proposed amendment may be presented to the entire board. The Trustees may enact such changes with a majority vote of the board. Notwithstanding anything to the contrary herein contained, the general conservational, educational, and scientific purposes for which this Trust is originally established as set forth in Article II may not be altered, amended, or changed.
Proposed Replacement. The Trustees hereunder are defined as those members duly elected by majority vote of the Members of the Trust at the Annual Meeting, and shall hold office until their successors are duly elected or appointed, and qualified as hereinafter provided. Only persons who are residents of the Town of Littleton and members of the trust shall be eligible to hold the office of Trustee, and any Trustee who ceases to be such a resident shall automatically, without any further action, cease to be a Trustee. If a Trustee shall die, resign or for any other reason cease to be a Trustee before his or her term of office expires, a successor shall be appointed by the remaining Trustees to fill such vacancy for the remainder of the term. The role of the Trustees is further defined in Article VII.
Proposed Replacement. Key Personnel shall have equivalent or better qualifications to those of the persons being replaced. Supplier must also provide CPR with copies of the resumes for evaluation by CPR and grant CPR the right to interview such Key Personnel prior to their engagement. Approval of replacement Key Personnel is subject to CPR prior written approval.
Proposed Replacement. The Trustees shall hold, manage, and administer the property comprising the Trust, and in order to carry out the purposes of the Trust shall have and may exercise the following powers:
Proposed Replacement. There shall be an Annual Meeting of the Members of the Trust during each calendar year, at such time and at such place as the Trustees shall determine, for the purpose of electing Trustees hereunder. At such Annual Meeting, the Trustees shall present a slate of candidates to the Members, who shall vote by majority to elect or re-elect individuals to act as Trustees for those whose terms of office expire at that meeting. Each such new or re-elected Trustee shall serve for a term to expire at the Third Annual Meeting of the Members after the meeting at which such Trustee is elected or re-elected.