Common use of Neutral Clause in Contracts

Neutral. A neutral Person acceptable to all of the appointing Partners and not affiliated with any of the Partners, except where otherwise specifically provided. No Rebuilding Termination. A total termination of the Lease pursuant to Section 12(b) or 13 thereof. Nonconflicted Designating Partner. With respect to any Conflict Circumstance, any Designating Partner that is not the Conflicted Designating Partner with respect thereto. Non-Defaulting Partners. The Partners other than the Defaulting Partners. OCC. See sixth WHEREAS clause. Occidental. See third WHEREAS clause.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Equistar Chemicals Lp)

Neutral. A neutral Person acceptable to all of the appointing Partners and not affiliated with any of the Partners, except where otherwise specifically provided. No Rebuilding Termination. A total termination of the Lease pursuant to Section 12(b) or 13 thereof. Nonconflicted Designating Partner. With respect to any Conflict Circumstance, any Designating Partner that is not the Conflicted Designating Partner with respect thereto. Non-Defaulting Partners. The Partners other Other than the Defaulting Partners. OCC. See sixth WHEREAS clause. Occidental. See third WHEREAS clause.

Appears in 1 contract

Sources: Limited Partnership Agreement (LyondellBasell F&F Holdco, LLC)