Common use of Neutral Clause in Contracts

Neutral. The Partners shall have ten (10) days from the expiration of the sixty (60) day period referred to in Section 13.2 above, or the agreement of the Partners, to submit the dispute or matter to ADR, whichever occurs first, within which to agree upon a mutually acceptable person not affiliated with either party ("Neutral"). If no Neutral has been selected within that time period, the Partners agree jointly to request the American Arbitration Association or other mutually agreed-upon organization, to supply within ten (10) days a list of at least three (3) potential Neutrals with qualifications as specified by the Partners in the joint request. Within seven (7) days of receipt of the list, the Partners shall rank the proposed candidates independently, exchange rankings and select as the Neutral the individual who received the highest combined ranking who is available to serve.

Appears in 3 contracts

Sources: Limited Partnership Agreement (Atlas Pipeline Partners Lp), Limited Partnership Agreement (Southwestern Energy Co), Limited Partnership Agreement (Atlas Pipeline Holdings, L.P.)