General Management Issues Sample Clauses

General Management Issues. In the event that a General Management Issue shall arise during the term of this Agreement, the Co-Presidents or President of the Company (as applicable) shall resolve the disagreement and make the final decision with respect to the item in question. The decision of the Co-Presidents or President shall be binding on the Members (except to the extent such decision may be modified pursuant to the provisions of this Section 8.1). Any Member may appeal, in accordance with the procedure established in this Section 8.1, any decision made by the Co-Presidents or President pursuant to this Section 8.1 involving a Material Item. A Member may commence such an appeal by giving written notice to the other Member, at which time the matter that is the subject of the appeal shall be submitted to the Management Committee for review. The Management Committee shall review the matter at its next meeting and may modify the decision of the Co-Presidents or President to the extent the Management Committee deems advisable. If the Management Committee fails to resolve the matter to the satisfaction of the appealing Member, the matter shall be submitted to the Chief Executive Officers of the Members, who shall promptly review the matter and may modify the decision of the Co-Presidents or President to the extent such Chief Executive Officers may agree is advisable. If the Chief Executive Officers of the Members fail to resolve the matter to the satisfaction of the appealing Member, the appealing Member shall continue to be bound by the decision of the Co-Presidents or President.