{"component": "clause", "props": {"groups": [{"samples": [{"hash": "7sA3smUjSVT", "uri": "/contracts/7sA3smUjSVT#deadlocks", "label": "Option and License Agreement (Aveo Pharmaceuticals, Inc.)", "score": 32.2032852173, "published": true}, {"hash": "8oz2RuaUDNH", "uri": "/contracts/8oz2RuaUDNH#deadlocks", "label": "Option and License Agreement", "score": 31.3408622742, "published": true}, {"hash": "2c5TOuKwY9H", "uri": "/contracts/2c5TOuKwY9H#deadlocks", "label": "Option and License Agreement (Aveo Pharmaceuticals Inc)", "score": 21.35181427, "published": true}], "snippet_links": [{"key": "the-jdc", "type": "clause", "offset": [0, 7]}, {"key": "attempt-to-resolve", "type": "clause", "offset": [14, 32]}, {"key": "all-disputes", "type": "clause", "offset": [41, 53]}, {"key": "development-of-licensed-product", "type": "clause", "offset": [66, 97]}, {"key": "license-term", "type": "definition", "offset": [109, 121]}, {"key": "with-respect-to", "type": "clause", "offset": [178, 193]}, {"key": "a-dispute", "type": "definition", "offset": [194, 203]}, {"key": "related-to", "type": "definition", "offset": [223, 233]}, {"key": "the-dispute", "type": "clause", "offset": [271, 282]}, {"key": "senior-representatives", "type": "clause", "offset": [309, 331]}, {"key": "for-review", "type": "clause", "offset": [332, 342]}, {"key": "agreement-regarding", "type": "clause", "offset": [390, 409]}, {"key": "within-thirty", "type": "clause", "offset": [423, 436]}, {"key": "after-submission", "type": "clause", "offset": [447, 463]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [549, 575]}, {"key": "biogen-idec", "type": "definition", "offset": [581, 592]}, {"key": "clinical-trials", "type": "clause", "offset": [692, 707]}, {"key": "in-connection-with", "type": "clause", "offset": [772, 790]}, {"key": "regulatory-approval", "type": "definition", "offset": [791, 810]}, {"key": "commercialization-of-licensed-product", "type": "clause", "offset": [814, 851]}, {"key": "licensed-territory", "type": "definition", "offset": [859, 877]}, {"key": "final-decision", "type": "definition", "offset": [908, 922]}, {"key": "other-decisions", "type": "clause", "offset": [960, 975]}, {"key": "each-case", "type": "definition", "offset": [1011, 1020]}, {"key": "section-48", "type": "clause", "offset": [1055, 1066]}, {"key": "agreement-to", "type": "clause", "offset": [1101, 1113]}, {"key": "of-the-parties", "type": "clause", "offset": [1185, 1199]}, {"key": "approval-of", "type": "clause", "offset": [1317, 1328]}], "size": 4, "snippet": "The JDC shall attempt to resolve any and all disputes relating to Development of Licensed Product during the License Term by consensus. If the JDC is unable to reach a consensus with respect to a dispute within its purview related to Development of Licensed Product then the dispute shall be submitted to the Senior Representatives for review. If the Senior Representatives cannot reach an agreement regarding such dispute within thirty (30) days after submission to them for resolution, then, if the dispute is one over which the JDC has authority pursuant to this Agreement: (i) Biogen Idec shall have final-decision-making authority with respect to decisions related to Territory-Specific Clinical Trials and Post-Approval Clinical Trials required or reasonably useful in connection with Regulatory Approval or Commercialization of Licensed Product in the Licensed Territory, and (ii) AVEO shall have the final decision-making authority with respect to all other decisions related to Development, subject in each case to paragraphs (a) and (b) of this Section 4.8. Notwithstanding anything in this Agreement to the contrary, any decision within the purview of the JDC for which one of the Parties has exercised its final decision-making authority, as set forth in this Agreement, shall be considered a decision or approval of the JDC.", "hash": "01497035f03e5eb3cf07f9b119f4322e", "id": 3}, {"samples": [{"hash": "gv90RRKVSm3", "uri": "/contracts/gv90RRKVSm3#deadlocks", "label": "Collaboration Agreement (Eyetech Pharmaceuticals Inc)", "score": 18.0, "published": true}, {"hash": "fGNpw0TkjAE", "uri": "/contracts/fGNpw0TkjAE#deadlocks", "label": "Collaboration Agreement (Eyetech Pharmaceuticals Inc)", "score": 18.0, "published": true}, {"hash": "bYnR3MoWteT", "uri": "/contracts/bYnR3MoWteT#deadlocks", "label": "Collaboration Agreement (Osi Pharmaceuticals Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "for-any-reason", "type": "clause", "offset": [3, 17]}, {"key": "either-party", "type": "clause", "offset": [77, 89]}, {"key": "senior-executives", "type": "clause", "offset": [118, 135]}, {"key": "in-good-faith", "type": "clause", "offset": [183, 196]}, {"key": "mutually-satisfactory-resolution", "type": "clause", "offset": [222, 254]}, {"key": "the-issue", "type": "clause", "offset": [258, 267]}, {"key": "business-days-of", "type": "clause", "offset": [333, 349]}, {"key": "binding-on-the-parties", "type": "clause", "offset": [556, 578]}, {"key": "provided-that", "type": "definition", "offset": [580, 593]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [660, 688]}], "size": 3, "snippet": "If for any reason the JOC cannot resolve any matter properly referred to it, either Party may refer the matter to the Senior Executives for resolution. If after discussing the matter in good faith and attempting to find a mutually satisfactory resolution to the issue, the Senior Executives fail to come to consensus within five (5) Business Days of the date on which the matter is referred to the Senior Executives, the provisions of Sections 3.3(d), 3.4(b), and 3.5(b), as applicable, shall apply and resolutions reached through such provisions shall be binding on the Parties; provided that such decisions are made in good faith and are consistent with the provisions of this Agreement.", "hash": "9accb889527502d4b113938a68ea80c8", "id": 5}, {"samples": [{"hash": "cjLA2ZKNNJi", "uri": "/contracts/cjLA2ZKNNJi#deadlocks", "label": "Limited Liability Company Agreement (FirstEnergy Transmission, LLC)", "score": 35.7679672241, "published": true}, {"hash": "2HQHZKzTgrV", "uri": "/contracts/2HQHZKzTgrV#deadlocks", "label": "Limited Liability Company Agreement (Firstenergy Corp)", "score": 33.2286109924, "published": true}], "snippet_links": [{"key": "in-the-event-of-a", "type": "clause", "offset": [0, 17]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [32, 58]}, {"key": "for-purposes-of-this-agreement", "type": "clause", "offset": [81, 111]}, {"key": "with-respect-to", "type": "clause", "offset": [180, 195]}, {"key": "the-action", "type": "definition", "offset": [217, 227]}, {"key": "approval-of", "type": "clause", "offset": [252, 263]}, {"key": "investor-member", "type": "clause", "offset": [268, 283]}, {"key": "investor-directors", "type": "definition", "offset": [287, 305]}, {"key": "by-the-investor", "type": "clause", "offset": [365, 380]}], "size": 5, "snippet": "In the event of a Deadlock, the provisions of this Section 1.11 shall apply.\n(a) For purposes of this Agreement, a \u201cDeadlock\u201d means a situation in which consent has been requested with respect to any matter requiring the action, consent, vote or other approval of the Investor Member or Investor Directors but such consent, vote or other approval has been withheld by the Investor Member or one or both of the Investor Directors .", "hash": "8f484da29327b6cd8b55778da76e67de", "id": 2}, {"samples": [{"hash": "7WZTJNm9Wgt", "uri": "/contracts/7WZTJNm9Wgt#deadlocks", "label": "Framework Agreement", "score": 28.8656272888, "published": true}, {"hash": "9h6ZWHNH9Vh", "uri": "/contracts/9h6ZWHNH9Vh#deadlocks", "label": "Framework Agreement", "score": 28.6963062286, "published": true}], "snippet_links": [{"key": "definition-of-a", "type": "clause", "offset": [5, 20]}, {"key": "partnership-board", "type": "definition", "offset": [52, 69]}, {"key": "votes-cast", "type": "definition", "offset": [106, 116]}, {"key": "in-favour-of", "type": "definition", "offset": [117, 129]}, {"key": "proposed-resolution", "type": "clause", "offset": [144, 163]}, {"key": "each-participant", "type": "clause", "offset": [208, 224]}, {"key": "senior-officer", "type": "definition", "offset": [270, 284]}, {"key": "participant-must", "type": "clause", "offset": [315, 331]}, {"key": "reasonable-efforts", "type": "definition", "offset": [374, 392]}, {"key": "attempt-to-resolve", "type": "clause", "offset": [396, 414]}], "size": 2, "snippet": "37.1 Definition of a \u2018Deadlock\u2019 At a meeting of the Partnership Board, there have been an equal number of votes cast in favour of and against a proposed resolution.\n37.2 How Deadlocks are to be resolved \u2022 By each Participant escalating the matter to its respective most senior officer (or his/her delegate). \u2022 Each Participant must direct its relevant representative to use reasonable efforts to attempt to resolve the Deadlock promptly and without causing unnecessary disruption or cost for either Participant.", "hash": "e83fc0ce1084d17ebf0922c0a75ffa3d", "id": 10}, {"samples": [{"hash": "9rIYNCY0MSv", "uri": "/contracts/9rIYNCY0MSv#deadlocks", "label": "Operating Agreement (Lake Area Corn Processors LLC)", "score": 33.8062973022, "published": true}, {"hash": "27aJPh5etJG", "uri": "/contracts/27aJPh5etJG#deadlocks", "label": "Operating Agreement (Lake Area Corn Processors LLC)", "score": 33.8062973022, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [0, 11]}, {"key": "management-of-the-company", "type": "clause", "offset": [21, 46]}, {"key": "the-managers", "type": "clause", "offset": [144, 156]}, {"key": "the-board-of-managers", "type": "clause", "offset": [199, 220]}, {"key": "this-agreement", "type": "clause", "offset": [227, 241]}, {"key": "approval-of-the-members", "type": "clause", "offset": [303, 326]}, {"key": "in-accordance-with", "type": "clause", "offset": [327, 345]}, {"key": "section-58", "type": "clause", "offset": [346, 357]}], "size": 2, "snippet": "At any time that the management of the Company\u2019s affairs can no longer be conducted to the advantage of the Company because of a deadlock among the Managers over an issue or issues to be resolved by the Board of Managers under this Agreement, then the resolution of such deadlock will be settled by the approval of the Members in accordance with Section 5.8.", "hash": "e1b136a03bae35dfbefd02d306b69ea1", "id": 8}, {"samples": [{"hash": "1ii38zcM7K8", "uri": "/contracts/1ii38zcM7K8#deadlocks", "label": "Shareholders' Voting Rights Agreement (InBev Corporate Holdings Inc.)", "score": 20.2142372131, "published": true}], "snippet_links": [{"key": "in-the-event-of-a", "type": "clause", "offset": [0, 17]}, {"key": "relating-to", "type": "definition", "offset": [27, 38]}, {"key": "voting-rights-agreement", "type": "definition", "offset": [58, 81]}, {"key": "unanimous-vote", "type": "clause", "offset": [120, 134]}, {"key": "section-5", "type": "clause", "offset": [141, 150]}, {"key": "in-relation-to", "type": "clause", "offset": [157, 171]}, {"key": "adoption-of-the", "type": "clause", "offset": [247, 262]}, {"key": "controlling-shareholders", "type": "definition", "offset": [330, 354]}, {"key": "casting-vote", "type": "definition", "offset": [402, 414]}, {"key": "in-order-to", "type": "clause", "offset": [415, 426]}, {"key": "order-of", "type": "clause", "offset": [537, 545]}, {"key": "most-senior", "type": "definition", "offset": [550, 561]}, {"key": "such-right", "type": "definition", "offset": [696, 706]}, {"key": "in-effect", "type": "clause", "offset": [894, 903]}, {"key": "years-of-age", "type": "clause", "offset": [990, 1002]}, {"key": "exercise-of", "type": "clause", "offset": [1036, 1047]}, {"key": "pursuant-to", "type": "definition", "offset": [1113, 1124]}, {"key": "period-of", "type": "definition", "offset": [1146, 1155]}], "size": 3, "snippet": "In the event of a deadlock relating to this Shareholders' Voting Rights Agreement (excluding resolutions to be taken by unanimous vote under Section 5 above in relation to which this Section shall not apply and a dissenting vote shall prevent the adoption of the resolution as provided in such Section 5), JPL, CAS or MHT, as the controlling shareholders of the Holdings, shall have a binding personal casting vote in order to resolve the deadlock immediately. The casting vote shall be exercised in turns by each of JPL, CAS and MHT by order of the most senior individual alive (i.e. the first casting voteshall be exercised by JPL, the second by CAS, the third by MHT, the fourth by JPL, etc). Such right shall terminate upon the 75th (seventy-fifth) birthday of JPL, CAS or MHT, respectively. Such right shall not be transmitted to any successor by inheritance or otherwise and shall remain in effect so long as at least one of JPL, CAS and MHT are alive and less than 75 (seventy-five) years of age. Issues that are resolved by the exercise of this deadlock provision may only be brought again for resolution pursuant to this Section after a period of 2 (two) years.", "hash": "ebb33027a6c1d5cafeb89cdf7f707f95", "id": 7}, {"samples": [{"hash": "gvfsu2IGpnG", "uri": "/contracts/gvfsu2IGpnG#deadlocks", "label": "Limited Liability Company Agreement (Cinergy Corp)", "score": 21.0, "published": true}, {"hash": "4S7xHSimMW5", "uri": "/contracts/4S7xHSimMW5#deadlocks", "label": "Limited Liability Company Agreement (Cinergy Corp)", "score": 21.0, "published": true}, {"hash": "4IjMXwNSFfT", "uri": "/contracts/4IjMXwNSFfT#deadlocks", "label": "Limited Liability Company Agreement (Cinergy Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-relationship-between-the-parties", "type": "clause", "offset": [49, 85]}, {"key": "sequence-of-events", "type": "clause", "offset": [106, 124]}, {"key": "a-member", "type": "definition", "offset": [146, 154]}, {"key": "a-proposal", "type": "clause", "offset": [196, 206]}, {"key": "meeting-of-the-board-of-managers", "type": "clause", "offset": [247, 279]}, {"key": "members-of-the-company", "type": "definition", "offset": [283, 305]}, {"key": "the-meeting", "type": "clause", "offset": [324, 335]}, {"key": "the-proposal", "type": "clause", "offset": [345, 357]}, {"key": "investment-in-the-company", "type": "clause", "offset": [516, 541]}, {"key": "reasons-therefore", "type": "clause", "offset": [558, 575]}, {"key": "not-approved", "type": "definition", "offset": [601, 613]}, {"key": "failure-to", "type": "clause", "offset": [678, 688]}, {"key": "lack-of", "type": "clause", "offset": [744, 751]}, {"key": "the-non", "type": "clause", "offset": [776, 783]}, {"key": "proponent-member", "type": "definition", "offset": [806, 822]}], "size": 7, "snippet": "A \u201cDeadlock\u201d shall be a fundamental breakdown in the relationship between the parties as evidenced by the sequence of events described below.\n(a) A Member or a Manager (the \u201cProponent\u201d), advances a proposal (the \u201cProposal\u201d) for consideration at a meeting of the Board of Managers or Members of the Company; and\n(b) Prior to the meeting at which the Proposal is advanced, the Proponent notifies the Board of Managers and/or Members that it considers the Proposal to be essential to the continuance of the Proponent\u2019s investment in the Company, specifying the reasons therefore; and\n(c) The Proposal is not approved at that meeting (as a result of either a rejection thereof or a failure to consider it) or the meeting is canceled by reason of a lack of a quorum resulting from the non-attendance of the non-Proponent Member\u2019s designees, at which time a Deadlock will be deemed to have occurred.", "hash": "19ffd54198864196ce7d5b9b66940c05", "id": 1}, {"samples": [{"hash": "irQy02RQpcq", "uri": "/contracts/irQy02RQpcq#deadlocks", "label": "Joint Venture Agreement (Investment Technology Group Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-parties-agree-that", "type": "clause", "offset": [4, 26]}, {"key": "the-company-board", "type": "clause", "offset": [44, 61]}, {"key": "board-shall", "type": "definition", "offset": [90, 101]}, {"key": "in-accordance-with", "type": "clause", "offset": [114, 132]}, {"key": "article-11", "type": "clause", "offset": [138, 148]}, {"key": "failure-of-the", "type": "clause", "offset": [222, 236]}, {"key": "the-case", "type": "definition", "offset": [289, 297]}, {"key": "with-respect-to", "type": "clause", "offset": [326, 341]}, {"key": "a-vote", "type": "definition", "offset": [377, 383]}, {"key": "voting-representatives", "type": "clause", "offset": [416, 438]}, {"key": "approval-of", "type": "clause", "offset": [520, 531]}, {"key": "annual-budget", "type": "clause", "offset": [536, 549]}, {"key": "capital-call", "type": "definition", "offset": [570, 582]}, {"key": "stop-loss", "type": "definition", "offset": [600, 609]}, {"key": "change-in", "type": "clause", "offset": [762, 771]}, {"key": "purpose-and", "type": "clause", "offset": [776, 787]}, {"key": "strategic-direction-of-the", "type": "clause", "offset": [788, 814]}, {"key": "jv-business", "type": "definition", "offset": [815, 826]}, {"key": "the-business-plan", "type": "clause", "offset": [850, 867]}, {"key": "relating-to", "type": "definition", "offset": [887, 898]}, {"key": "executive-officer-of-the-company", "type": "definition", "offset": [947, 979]}, {"key": "notice-to-the", "type": "clause", "offset": [1265, 1278]}, {"key": "other-voting", "type": "clause", "offset": [1279, 1291]}, {"key": "the-founders", "type": "clause", "offset": [1330, 1342]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1388, 1407]}, {"key": "no-further-action", "type": "clause", "offset": [1539, 1556]}, {"key": "by-the-company", "type": "clause", "offset": [1572, 1586]}, {"key": "the-proposal", "type": "clause", "offset": [1664, 1676]}, {"key": "subsequent-meeting", "type": "definition", "offset": [1751, 1769]}, {"key": "committee-shall", "type": "definition", "offset": [1961, 1976]}, {"key": "attempt-to-resolve", "type": "clause", "offset": [2015, 2033]}, {"key": "affiliate-of", "type": "definition", "offset": [2312, 2324]}, {"key": "another-person", "type": "clause", "offset": [2349, 2363]}, {"key": "to-act", "type": "definition", "offset": [2425, 2431]}, {"key": "an-arbitrator", "type": "clause", "offset": [2435, 2448]}, {"key": "subject-of-the", "type": "clause", "offset": [2501, 2515]}, {"key": "party-arbitrator", "type": "definition", "offset": [2602, 2618]}, {"key": "rules-of", "type": "definition", "offset": [2717, 2725]}, {"key": "chamber-of-commerce", "type": "definition", "offset": [2744, 2763]}, {"key": "effect-on-the", "type": "clause", "offset": [2779, 2792]}, {"key": "date-hereof", "type": "clause", "offset": [2793, 2804]}, {"key": "course-of-action", "type": "definition", "offset": [2873, 2889]}, {"key": "written-notices", "type": "clause", "offset": [2931, 2946]}, {"key": "to-the-company", "type": "clause", "offset": [2983, 2997]}, {"key": "business-day-period", "type": "clause", "offset": [3118, 3137]}, {"key": "receipt-of", "type": "clause", "offset": [3148, 3158]}, {"key": "mutually-agree", "type": "definition", "offset": [3185, 3199]}, {"key": "for-purposes-of-this-agreement", "type": "clause", "offset": [3308, 3338]}, {"key": "binding-on-the-parties", "type": "clause", "offset": [3467, 3489]}, {"key": "a-notice", "type": "definition", "offset": [3725, 3733]}, {"key": "notice-of-resolution", "type": "clause", "offset": [3794, 3814]}, {"key": "the-right", "type": "clause", "offset": [3858, 3867]}, {"key": "at-any-time", "type": "clause", "offset": [3868, 3879]}, {"key": "period-of", "type": "definition", "offset": [3889, 3898]}, {"key": "interest-for", "type": "definition", "offset": [4036, 4048]}, {"key": "cash-price", "type": "clause", "offset": [4051, 4061]}, {"key": "equal-to", "type": "definition", "offset": [4062, 4070]}, {"key": "fifty-percent", "type": "definition", "offset": [4083, 4096]}, {"key": "the-applicable", "type": "clause", "offset": [4107, 4121]}, {"key": "reference-value", "type": "definition", "offset": [4122, 4137]}, {"key": "such-right", "type": "definition", "offset": [4139, 4149]}, {"key": "delivery-of-a", "type": "clause", "offset": [4172, 4185]}, {"key": "notice-by", "type": "clause", "offset": [4194, 4203]}, {"key": "date-of", "type": "clause", "offset": [4246, 4253]}, {"key": "put-notice-date", "type": "definition", "offset": [4307, 4322]}, {"key": "following-the", "type": "definition", "offset": [4334, 4347]}, {"key": "on-schedule", "type": "definition", "offset": [4450, 4461]}, {"key": "commencing-from", "type": "clause", "offset": [4732, 4747]}, {"key": "to-sell", "type": "clause", "offset": [4808, 4815]}, {"key": "call-notice-date", "type": "definition", "offset": [5130, 5146]}, {"key": "purchase-and-sale", "type": "clause", "offset": [5313, 5330]}], "size": 3, "snippet": "(a) The parties agree that all Deadlocks on the Company Board, the ITGL Board or the ITGE Board shall be resolved in accordance with this Article 11.\n(b) A deadlock (a \"Deadlock\") shall be deemed to have occurred upon the failure of the Company Board, the ITGL Board or the ITGE Board, as the case may be, to reach a decision with respect to any of the following matters after a vote has been taken by the requisite voting representatives on the Company Board, the ITGL Board or the ITGE Board, as the case may be,:\n(i) approval of any annual budget;\n(ii) approval of a Capital Call in excess of the Stop Loss;\n(iii) approval of financings (debt or equity);\n(iv) approval of any acquisition or disposition in excess of GB,1,000,000;\n(v) approval of any material change in the purpose and strategic direction of the JV Business from that set forth in the Business Plan; or\n(vi) decisions relating to the hiring, firing or compensation of the chief executive officer of the Company.\n(c) If a Deadlock occurs on the Company Board, the ITGL Board or the ITGE Board, as the case may be, any voting representative on the Company Board, the ITGL Board or the ITGE Board, as the case may be, within twenty (20) days of the vote which give rise to such Deadlock, by written notice to the other voting representatives on such board, and to the Founders Committee, refer the Deadlock for resolution pursuant to Section 11.1(d). If no such voting representative refers such Deadlock to the Founders Committee for resolution within such 20-day period, no further action shall be taken by the Company Board, the ITGL Board or the ITGE Board, as the case may be, with respect to the proposal which gave rise to such Deadlock, but such proposal may be presented at a subsequent meeting of such board and any resulting Deadlock shall again be resolved in accordance with this Section 11.1(c).\n(d) If a Deadlock is referred to the Founders Committee for resolution, the Founders Committee shall have thirty (30) days to consider and attempt to resolve such Deadlock. If the Deadlock cannot be resolved by the Founders Committee within such 30-day period, the Founders Committee shall designate either (i) any voting representative serving on the Company Board, the ITGL Board or the ITGE Board, as the case may be, that is not an Affiliate of either Venturer or (ii) another person that is not an Affiliate of either Venturer and is qualified to act as an arbitrator with respect to the particular proposal that is the subject of the Deadlock (such representative or other person being herein referred to as, the \"Third Party Arbitrator\"). Such Third Party Arbitrator shall arbitrate the subject of the Deadlock in accordance with the rules of the International Chamber of Commerce (the \"ICC\") in effect on the date hereof and shall have thirty (30) days from his designation to recommend a course of action with respect to such Deadlock by sending written notices setting forth such course of action to the Company Board, the ITGL Board or the ITGE Board, as the case may be, and the Venturers (the \"Resolution\"). Unless during the 10-Business Day period following receipt of such notice the Venturers mutually agree upon a different course of action than the Resolution (in which event such different course of action shall for purposes of this Agreement be referred to as the \"Venturer Resolution\"), the Resolution or the Venturer Resolution, as the case may be, shall be final and binding on the Parties and the Venturers shall cause their voting representatives on the Company Board, the ITGL Board or the ITGE Board, as the case may be, to take action accordingly.\n(e) If there has been no Venturer Resolution and ITGI has not delivered a notice to SG pursuant to Section 11.1(f), following receipt of the notice of Resolution pursuant to Section 11.1(d), SG shall have the right at any time within a period of thirty (30) days from receipt thereof, by written notice to ITGI, to require ITGI to purchase all, but not less than all, of its Venture Interest for a cash price equal to one hundred-fifty percent (150%) of the applicable Reference Value. Such right shall be exercised by delivery of a written notice by SG to ITGI within such 30-day period. The date of such notice is referred to herein as the \"Resolution Put Notice Date\". Promptly following the Resolution Put Notice Date, the Venturers shall commence determining the Reference Value as set forth on SCHEDULE 1.1.\n(f) If there has been no Venturer Resolution and SG has not delivered a notice to ITGI pursuant to Section 11.1(e), following receipt of the notice of Resolution pursuant to Section 11.1(d), ITGI shall have the right at any time within a period of thirty (30) days commencing from the receipt thereof, by written notice to SG, to require SG to sell all, but not less than all, of its Venture Interest for a cash price equal to one hundred-fifty percent (150%) of the applicable Reference Value. Such right shall be exercised by delivery of a written notice by ITGI to SG within such 30-day period. The date of such notice is referred to herein as the \"Resolution Call Notice Date.\" Promptly following the Resolution Call Notice Date, the Venturers shall commence determining the Reference Value as set forth on SCHEDULE 1.1.\n(g) The closing of a purchase and sale pursuant to Section 11.1(e) or 11.1(f) shall occur in accordance with Sections 12.5 and 12.6.", "hash": "e5de230b8f89c426d3527840c336cd79", "id": 6}, {"samples": [{"hash": "4NzCaK4LpLf", "uri": "/contracts/4NzCaK4LpLf#deadlocks", "label": "Merger Agreement (Taubman Centers Inc)", "score": 31.1108837128, "published": true}, {"hash": "7nNk10yXOoL", "uri": "/contracts/7nNk10yXOoL#deadlocks", "label": "Merger Agreement (Simon Property Group L P /De/)", "score": 29.1108837128, "published": true}], "snippet_links": [{"key": "subject-to-section", "type": "clause", "offset": [4, 22]}, {"key": "after-january", "type": "clause", "offset": [41, 54]}, {"key": "fundamental-decision", "type": "definition", "offset": [69, 89]}, {"key": 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"the-election", "type": "clause", "offset": [1078, 1090]}, {"key": "family-group", "type": "clause", "offset": [1157, 1169]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [1185, 1208]}, {"key": "in-order-to", "type": "clause", "offset": [1209, 1220]}, {"key": "disputed-matter", "type": "definition", "offset": [1274, 1289]}, {"key": "any-person", "type": "clause", "offset": [1373, 1383]}, {"key": "the-representatives", "type": "clause", "offset": [1434, 1453]}, {"key": "prior-to-the", "type": "clause", "offset": [1542, 1554]}, {"key": "the-company-shall", "type": "clause", "offset": [1623, 1640]}, {"key": "binding-arbitration", "type": "definition", "offset": [1768, 1787]}, {"key": "qualified-expert", "type": "definition", "offset": [1797, 1813]}, {"key": "rules-of-the-american-arbitration-association", "type": "clause", "offset": [1824, 1869]}, {"key": "in-effect", "type": "clause", "offset": [1879, 1888]}, {"key": "date-of-this-agreement", "type": "definition", 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"type": "clause", "offset": [4269, 4293]}, {"key": "purposes-of-this-agreement", "type": "clause", "offset": [4346, 4372]}, {"key": "the-arrangement", "type": "clause", "offset": [4377, 4392]}, {"key": "the-members", "type": "clause", "offset": [4401, 4412]}, {"key": "investments-in-the-company", "type": "clause", "offset": [4456, 4482]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [4512, 4538]}, {"key": "consideration-paid", "type": "definition", "offset": [4558, 4576]}, {"key": "in-connection-with", "type": "clause", "offset": [4617, 4635]}, {"key": "the-merger", "type": "clause", "offset": [4636, 4646]}, {"key": "the-business", "type": "clause", "offset": [4682, 4694]}, {"key": "effect-on-the-company", "type": "clause", "offset": [4828, 4849]}, {"key": "the-dispute", "type": "clause", "offset": [5028, 5039]}, {"key": "good-cause", "type": "definition", "offset": [5206, 5216]}, {"key": "consistent-with-the", "type": "clause", "offset": [5227, 5246]}, {"key": "nature-of", "type": "clause", "offset": [5257, 5266]}, {"key": "person-or-entity", "type": "clause", "offset": [5327, 5343]}, {"key": "the-issues", "type": "clause", "offset": [5439, 5449]}, {"key": "cooperate-with", "type": "clause", "offset": [5535, 5549]}, {"key": "the-production", "type": "clause", "offset": [5603, 5617]}, {"key": "discovery-of", "type": "clause", "offset": [5622, 5634]}, {"key": "other-materials", "type": "definition", "offset": [5693, 5708]}, {"key": "presentation-of-arguments", "type": "clause", "offset": [5782, 5807]}, {"key": "nothing-in-this-section", "type": "clause", "offset": [5833, 5856]}, {"key": "rights-of", "type": "definition", "offset": [5878, 5887]}, {"key": "agreement-to", "type": "clause", "offset": [5910, 5922]}, {"key": "information-from-the-company", "type": "clause", "offset": [5941, 5969]}, {"key": "obtain-information", "type": "clause", "offset": [5996, 6014]}, {"key": "reasonable-time", "type": "definition", "offset": [6089, 6104]}, {"key": "in-advance", "type": "clause", "offset": [6105, 6115]}, {"key": "provide-the", "type": "clause", "offset": [6186, 6197]}, {"key": "copies-of-all", "type": "definition", "offset": [6213, 6226]}, {"key": "the-hearing", "type": "clause", "offset": [6349, 6360]}, {"key": "statement-of", "type": "clause", "offset": [6372, 6384]}, {"key": "witness-the", "type": "definition", "offset": [6406, 6417]}, {"key": "subject-matter", "type": "definition", "offset": [6504, 6518]}, {"key": "written-decision", "type": "definition", "offset": [6610, 6626]}, {"key": "final-and-binding", "type": "definition", "offset": [6654, 6671]}, {"key": "prevailing-party", "type": "clause", "offset": [6821, 6837]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [6860, 6892]}, {"key": "engage-in-any", "type": "definition", "offset": [6915, 6928]}, {"key": "any-action", "type": "definition", "offset": [6949, 6959]}, {"key": "subject-of-the", "type": "clause", "offset": [6973, 6987]}, {"key": "other-terms-of-this-agreement", "type": "clause", "offset": [7172, 7201]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [7273, 7301]}, {"key": "add-to", "type": "clause", "offset": [7334, 7340]}, {"key": "the-company-and-the", "type": "clause", "offset": [7393, 7412]}, {"key": "with-respect-to", "type": "clause", "offset": [7466, 7481]}, {"key": "judicial-review", "type": "clause", "offset": [7569, 7584]}, {"key": "all-fees", "type": "clause", "offset": [7586, 7594]}, {"key": "the-arbitration-proceeding", "type": "clause", "offset": [7611, 7637]}, {"key": "the-fees-and-expenses", "type": "clause", "offset": [7649, 7670]}, {"key": "by-the-company", "type": "clause", "offset": [7711, 7725]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [7727, 7755]}, {"key": "real-estate-professional", "type": "definition", "offset": [7798, 7822]}, {"key": "in-good-standing", "type": "clause", "offset": [7823, 7839]}, {"key": "years-of-experience", "type": "clause", "offset": [7869, 7888]}, {"key": "commercial-real-estate", "type": "definition", "offset": [7892, 7914]}, {"key": "the-development", "type": "clause", "offset": [7927, 7942]}, {"key": "management-of", "type": "clause", "offset": [7958, 7971]}, {"key": "similar-to", "type": "definition", "offset": [7998, 8008]}, {"key": "owned-by", "type": "definition", "offset": [8039, 8047]}, {"key": "an-arbitrator", "type": "clause", "offset": [8083, 8096]}], "size": 4, "snippet": "(a) Subject to Section 6.22(c), from and after January 1, 2021, if a Fundamental Decision Approval is not obtained pursuant to Section 6.19 (or Section 6.15) or a Titanium Family Approval is not obtained pursuant to Section 6.20(a), in each case within twenty-one (21) Days after submission of such matter to the Board of Directors or the Titanium Family Designee, as applicable, then either the Silver Member or the Titanium Family Designee can send written notice thereof to the other (a \u201cDeadlock Notice\u201d), stating that failure to reach agreement on such matter within twenty-one (21) Days after delivery of the Deadlock Notice will give rise to a deadlock with respect thereto (a \u201cDeadlock\u201d); provided, that the Silver Member may not deliver more than two Deadlock Notices in any twelve (12) month period and the Titanium Family Designee may not deliver more than two Deadlock Notices in any twelve (12) month period. As promptly as practicable following the giving of a Deadlock Notice, the chief executive officer of Silver Parent and the Chief Executive Officer (and, at the election of the Titanium Family Designee, a representative of the Titanium Family Group) shall meet to negotiate in good faith in order to try to resolve the deadlock or disagreement over the disputed matter or matters (it being understood that a refusal to meet or negotiate on the part of any Person shall not preclude a Deadlock from occurring). If the representatives pursuant to the preceding sentence are unable to reach agreement on the disputed matter prior to the occurrence of a Deadlock as set forth in this Section 6.22(a), then the Company shall submit such Deadlock, and either the Silver Member or the Titanium Family Designee may cause such Deadlock to be submitted, to binding arbitration before a Qualified Expert under the rules of the American Arbitration Association that are in effect as of the date of this Agreement (or, in the event that the American Arbitration Association will not proceed on that basis, under the rules of the American Arbitration Association then in effect) (the \u201cRules\u201d) and the procedures set forth in Section 6.22(b) shall be followed. The place of arbitration shall be New York, New York. A judgment on the award or decision rendered by the Qualified Expert may be entered in any court having jurisdiction thereof.\n(b) The Rules for \u201cExpedited Procedures\u201d shall apply to a Deadlock only if and to the extent the Silver Member elects in its sole discretion. In the event that the Silver Member or the Titanium Family Designee calls for a determination of a Deadlock in arbitration pursuant to the terms of this Section 6.22, Silver Parent and the Titanium Family Designee shall have a period of ten (10) Business Days from the date of such request to mutually agree on one Qualified Expert. If Silver Parent and the Titanium Family Designee fail to so agree, each of Silver Parent and the Titanium Family Designee shall have an additional ten (10) Business Days to each select a Qualified Expert, and the two Qualified Experts selected shall select, and Silver Parent and the Titanium Family Designee shall request its selected Qualified Expert to select, a single Qualified Expert to be the arbitrator for the Deadlock in question. If either the Silver Member or the Titanium Family Designee fails to make its respective selection of a Qualified Expert within the additional ten (10) Day period provided for above, then the other party\u2019s selection shall be the Qualified Expert to be the arbitrator for the Deadlock in question. If the selected Qualified Experts fail to select a single Qualified Expert within ten (10) Business Days of the selection of the last of them, the Silver Member, the Titanium Family Designee and the Company agree that the Qualified Expert shall be selected by the American Arbitration Association from its panel of arbitrators who reside in New York, New York. The Qualified Expert shall decide the issue submitted to him/her in accordance with and giving equal effect to (i) the language, commercial purpose and restrictions contained in this Agreement and (ii) that which the Qualified Expert reasonably believes, in good faith and using the care that a reasonably prudent person would use, is in the best interests of the Company, recognizing and taking into account the commercial purposes of this Agreement and the arrangement between the Members and their Affiliates, including the equity investments in the Company by the Silver Member (which, for the avoidance of doubt, shall include the consideration paid by the Silver Member and its Affiliates in connection with the Merger) and the Titanium Family Group and the business of Silver Parent and of the Company as each has been historically conducted. Because a prolonged Deadlock may have a serious adverse effect on the Company, the Silver Member and the Titanium Family Designee shall instruct the Qualified Expert to render a decision as quickly as reasonably possible. The Qualified Expert shall decide the dispute based solely on the submissions and evidence provided by the Silver Member and the Titanium Family Designee. The Qualified Expert may, in his or her discretion, upon good cause shown and consistent with the expedited nature of arbitration, order depositions to obtain the testimony of a person or entity that may possess information determined by the Qualified Expert to be relevant and material to the issues to be decided. The Silver Member, the Titanium Family Designee and the Company shall cooperate with one another as promptly as reasonably practicable in the production and discovery of reasonably requested or ordered documents, information or other materials that are relevant to the issues to be decided, and in the submission and presentation of arguments to the Qualified Expert. Nothing in this Section 6.22 shall limit the rights of any Member under this Agreement to obtain or request information from the Company or to use those rights to obtain information or material for use in an arbitration pursuant to this Section 6.22. At a reasonable time in advance of a hearing, the Silver Member and the Titanium Family Designee will provide the other with (a) copies of all materials upon which the Silver Member or the Titanium Family Designee, as applicable, will rely or intends to present at the hearing; and (b) a statement of the identity of each witness the Silver Member or the Titanium Family Designee, as applicable, intends to call and the subject matter of the expected testimony. The Qualified Expert shall unilaterally decide the dispute in a written decision which shall be conclusive, final and binding (and which shall designate either the Silver Member or the Titanium Family Designee, at the discretion of the Qualified Expert, as the predominately prevailing party in such dispute), and the Company and its Subsidiaries shall be permitted to engage in any transaction or take any action that was the subject of the dispute to the extent that the Qualified Expert determines in the written decision that such transaction or action is permissible and such transaction or action is consistent with the other terms of this Agreement. The Qualified Expert conducting any arbitration shall be bound by the provisions of this Agreement and shall not have the power to add to, subtract from or otherwise modify such provisions. The Company and the Members and the Titanium Family Designee agree that, with respect to Deadlocks, the ruling of the Qualified Expert shall be final and not be subject to any judicial review. All fees and expenses of the arbitration proceeding, including the fees and expenses of the Qualified Expert, shall be borne by the Company. For purposes of this Section 6.22, the term \u201cQualified Expert\u201d means a real estate professional in good standing having at least fifteen (15) years of experience in commercial real estate finance and the development, operation and management of commercial shopping malls similar to the commercial shopping malls owned by the Company, and who has served as an arbitrator in at least five (5) American Arbitration Association arbitrations.", "hash": "61e52e950bc8c571d3793c8017f5d020", "id": 4}, {"samples": [{"hash": "eumt2MyQLwk", "uri": "/contracts/eumt2MyQLwk#deadlocks", "label": "Limited Liability Company Agreement (Wyle Electronics)", "score": 18.0, "published": true}, {"hash": "aZW3J07gKjH", "uri": "/contracts/aZW3J07gKjH#deadlocks", "label": "Limited Liability Company Agreement (Marshall Industries)", "score": 18.0, "published": true}], "snippet_links": [{"key": "deadlock-resolution", "type": "clause", "offset": [4, 23]}], "size": 2, "snippet": "8.1 DEADLOCK RESOLUTION.", "hash": "7ed326b571a6e4879439a7c55c50bf3a", "id": 9}], "next_curs": "ClISTGoVc35sYXdpbnNpZGVyY29udHJhY3Rzci4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhJkZWFkbG9ja3MjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Deadlocks", "children": [["deadlocks", "Deadlocks"], ["limitations-on-decision-making-authority", "Limitations on Decision-Making Authority"], ["other-disputes", "Other Disputes"], ["escalation-procedures", "Escalation Procedures"], ["deadlock-event", "Deadlock Event"]], "size": 88, "parents": [["management", "Management"], ["deadlock-resolution", "Deadlock Resolution"], ["deadlocks", "Deadlocks"], ["governance-during-license-term", "Governance During License Term"], ["management-of-alliance", "Management of Alliance"]], "id": "deadlocks", "related": [["deadlock", "Deadlock", "Deadlock"], ["disagreement", "Disagreement", "Disagreement"], ["impasse", "Impasse", "Impasse"], ["negotiating-committee", "Negotiating Committee", "Negotiating Committee"], ["dispute", "Dispute", "Dispute"]], "related_snippets": [], "updated": "2026-05-22T04:28:58+00:00", "also_ask": ["What mechanisms best resolve deadlocks to avoid litigation or business paralysis?", "Which party benefits most from proposed deadlock resolution procedures?", "What are the essential elements to include for enforceability of deadlock clauses?", "How do deadlock provisions in this agreement compare to market standards or statutory defaults?", "What are the main risks if the deadlock clause is vague or silent on key issues?"], "drafting_tip": "Specify clear deadlock resolution procedures to prevent prolonged disputes; define decision-making thresholds to ensure timely action; assign a neutral third-party mediator to facilitate fair outcomes.", "explanation": "The Deadlocks clause establishes procedures for resolving situations where parties are unable to reach agreement on key issues during the course of their contractual relationship. Typically, this clause outlines a step-by-step escalation process, such as referring the dispute to higher management or an independent mediator, to break the impasse. Its core function is to provide a structured mechanism for overcoming stalemates, thereby preventing prolonged disputes from derailing the contract or business relationship."}, "json": true, "cursor": ""}}