Deadlock Matters. (A) If the number of votes for and against a proposed resolution of the Board are equal, then:
Deadlock Matters. For the avoidance of doubt, a Deadlock Matter shall be dealt with in accordance with Clause 9 and not this Clause 24.
Deadlock Matters. With respect to all other Unresolved Matters, neither Party shall have final decision-making authority (and such Unresolved Matter shall remain deadlocked and no action shall be taken by either Party with respect to such Unresolved Matter unless and until resolved by the Executive Officers, and such Unresolved Matter shall not be submitted for further resolution pursuant to Article X). For clarity, this clause (c) shall include Unresolved Matters with respect to […***…]. […***…] For clarity, each Party retains the right to control its day-to-day operational activities with respect to its activities performed under this Agreement; provided that such Party conducts such activities in accordance with the terms and conditions of this Agreement.
Deadlock Matters. In the event a Deadlock Matter in respect of the Board of Commissioners occurs, Clause 9 shall apply.
Deadlock Matters. (a) Subject to Clauses 5.11(b), all Deadlock Matters in respect of the Board of Directors must be referred to the Board of Commissioners for a decision.
Deadlock Matters. Deadlock Matters in respect of the Operating Committee will be referred to the Board of Directors for consideration.
Deadlock Matters. (a) Subject to Clauses 7.7(b) and 7.7(c), Deadlock Matters in respect of the Finance Committee will be referred to the Board of Directors for consideration.
Deadlock Matters. In the event a Deadlock Matter in respect of the Shareholders occurs, Clause 9 shall apply.
Deadlock Matters. (a) Prior to the earlier of the commencement of mining of Bitcoin by the Company at the Facility and the Initial Public Offering, if the Board of Managers becomes deadlocked with respect to the approval of any Special Consent Matter (each, a “Disputed Issue”), then the Board of Managers shall cause the Disputed Issue to be referred to a designated senior management member of each Member, who initially shall be Xxxx Xxxxxx with respect to the TeraWulf Member and Xxxx Xxxxxxxxx with respect to the Cumulus Member (each, a “Member Executive”), it being understood and agreed that each of the TeraWulf Member and the Cumulus Member may, from time to time and in its sole discretion, designate a new Member Executive to represent such Member. Promptly following any such referral, the Member Executives shall meet, confer and discuss in person or by telephone conference the Disputed Issue in a good faith attempt to resolve such Disputed Issue. If the Member Executives are not able to resolve the Disputed Issue within five (5) days after the referral to them of the Disputed Issue, then the Disputed Issue shall be deemed to have not been approved by the Board of Managers. Upon resolution of a Disputed Issue by the Member Executives, the Member Executives shall give joint written notice of such resolution to the Board of Managers and the Board of Managers shall approve such resolution as set forth in such written notice.
Deadlock Matters
