Common use of RESOLUTION PANEL Clause in Contracts

RESOLUTION PANEL. The resolution panel shall consist of two members, i.e., a corporate officer of Hercules and a corporate officer of FV, each appointed by the chief executive officer of the respective company (the "Resolution Panel"). The Resolution Panel may act only by the affirmative vote of both its members.

Appears in 1 contract

Sources: Contribution Agreement (Hercules Inc)

RESOLUTION PANEL. The resolution panel shall consist of two ---------------- members, i.e., a corporate officer of Hercules and a corporate officer of FV, each appointed by the chief executive officer of the respective company Buyer (the "Resolution Panel"). The Resolution Panel may act only by the affirmative and unanimous vote of both its members.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Geo Specialty Chemicals Inc)