Common use of Veto rights Clause in Contracts

Veto rights. A Party who can show that its own work, time for performance, costs, liabilities, intellectual property rights or other legitimate interests would be severely affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. When the decision is foreseen on the original agenda, a member may only veto such a decision during the meeting. When a decision has been taken on a new item added to the agenda before or during the meeting, a member may veto such decision during the meeting and within fifteen (15) Days after the validated minutes of the meeting are sent. In case of exercise of veto, the members of the related Consortium Body shall make every effort to resolve the matter which occasioned the veto to the general satisfaction of all its members. A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Project or the consequences of them. A Party requesting to leave the Consortium may not veto decisions relating thereto.

Veto rights. A Party who Member of a Consortium Body which can show that its own work, time for performance, costs, liabilities, intellectual property rights or other ether legitimate interests would be severely affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. When the decision is foreseen on the original agenda, a member Member may only veto such a decision during the meetingmeeting only. When a decision has been taken on a new item added to the agenda before or during the meeting, a member Member may veto such decision during the meeting and within fifteen (15) Days 15 days after the validated draft minutes of the meeting are sent. In ln case of exercise of veto, the members Members of the related Consortium Body shall make every effort to resolve the matter which occasioned the veto to the general satisfaction of all its membersMembers. A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Project Consortium or the consequences of them. A Party requesting to leave the Consortium may not veto decisions relating thereto.

Veto rights. A Party who Member which can show that its own work, time for performance, costs, liabilities, intellectual property rights or other legitimate interests would be severely affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. When the decision is foreseen on the original agenda, a member Member may only veto such a decision during the meetingmeeting only. When a decision has been taken on a new item added to the agenda before or during the meeting, a member Member may veto such decision during the meeting and within fifteen (15) Days 15 days after the validated draft minutes of the meeting are sent. In case of exercise of veto, the members Members of the related Consortium Body shall make every effort to resolve the matter which occasioned the veto to the general satisfaction of all its membersMembers. A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Project Consortium or the consequences of them. A Party requesting to leave the Consortium may not veto decisions relating thereto.

Veto rights. A Party member who can show that its own work, time for performance, costs, liabilities, intellectual property rights or other legitimate interests Legitimate Interests would be severely affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. When the decision is foreseen on the original agenda, a member may only veto such a decision during the meetingmeeting only. When a decision has been taken on a new item added to the agenda before or during the meeting, a member may veto such decision during the meeting and within fifteen (15) Days 15 days after the validated minutes Minutes of the meeting are sentdelivered. In case of exercise of veto, the members of the related Consortium Body shall make every effort to resolve the matter which occasioned the veto to the general satisfaction of all its members. A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Project Consortium or the consequences of them. A .A Party requesting to leave the Consortium may not veto decisions relating thereto.