Common use of Exit Strategy Clause in Contracts

Exit Strategy. The Steering Group shall establish a Sustainability Sub-Group to plan for the future development of the [Deliverables]. The Steering Group shall hold two Special Meetings, the first twelve months prior to the end of the Project, and the second at the end of the Project, whose business shall be exclusively to develop a suitable strategy or strategies for future development of the [Deliverables], including the pursuit of additional funding from appropriate sources. In the event that additional funding is secured for future development of the [Deliverables], the Steering Group shall be responsible for making such financial and administrative arrangements as are necessary to secure the effective and efficient continuation of the Consortium including any necessary revisions of this Consortium Agreement, for approval by the Partner Institutions.

Exit Strategy. The Steering Group shall establish a Sustainability Sub-Group to plan for the future development of the [insert details and descriptions of the Deliverables]] ‘the Deliverables’. The Steering Group shall hold two Special Meetings, the first twelve months prior to the end of the Project, and the second at the end of the Project, whose business shall be exclusively to develop a suitable strategy or strategies for future development of the [Deliverables], including the pursuit of additional funding from appropriate sources. In the event that additional funding is secured for future development of the [Deliverables], the Steering Group shall be responsible for making such financial and administrative arrangements as are necessary to secure the effective and efficient continuation of the Consortium including any necessary revisions of this Consortium Agreement, for approval by the Partner InstitutionsParties.