Common use of Dissolution resolution Clause in Contracts

Dissolution resolution. 19.1. It is expected that Partners will participate in decision-making by consensus. Partners will first meet to seek resolution, if consensus cannot be reached. If the matter cannot be resolved, the parties to the issue shall summarize the issue in writing and submit it to the MCWDB Executive Committee for mediation. All impacted MCWDB Executive Committee members must recuse themselves if they are a party to the conflict. If recusals result in lack of quorum for the MCWDB Executive Committee, the remaining members of the MCWDB Executive Committee will select a standing MCWDB member to meet quorum and fulfill the role for purposes of mediation. All decisions will be made within a period of 10 business days, and provided to the conflicted parties in writing. Where resolution cannot be reach, the MCWDB will seek technical assistance from the AZ Department of Economic Security.

Dissolution resolution. 19.1. It is expected that Partners will participate in decision-making by consensus. Partners will first meet to seek resolution, resolution if consensus cannot be reached. If the matter cannot be resolved, the parties to the issue shall summarize the issue in writing and submit it to the MCWDB Executive Committee for mediation. All impacted MCWDB Executive Committee members must recuse themselves if they are a party to the conflict. If recusals result in lack of quorum for the MCWDB Executive Committee, the remaining members of the MCWDB Executive Committee will select a standing MCWDB member to meet quorum and fulfill the role for purposes of mediation. All decisions will be made within a period of 10 business days, days and provided to the conflicted parties in writing. Where resolution cannot be reachreached, the MCWDB will seek technical assistance from the AZ Department of Economic Security.