Common use of The Partner Commitments Clause in Contracts

The Partner Commitments. 8.2.1 The Partner shall renew its financial fee each Year, under the conditions set forth in articles 3 and 4. Failing renewal, it shall be excluded from the Consortium according to article 8.2.2 The Partner undertakes to inform the chairman of the Steering Committee in writing of any change concerning the structure of its company during its participation in the Consortium and liable to have direct consequences on the Partner's execution of its obligations pursuant to this Agreement.

Appears in 2 contracts

Sources: Membership Agreement, Membership Agreement