Deadlock Event definition

Deadlock Event has the meaning set forth in Section 4.07(a).

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Deadlock Event has the meaning given to it in clause 15.1.

Deadlock Event has the meaning given in Clause 14.1 (Deadlock Event); "Deadlock Notice" has the meaning given in Clause 14.2 (Deadlock Notice);

Examples of Deadlock Event in a sentence

• The failure of the Executive Committee to Approve two (2) consecutive annual budgets within the time periods set forth in this Section 6.3(b)(i) shall be deemed to be a Deadlock Event.

• If the Parties are not able to renegotiate the affected terms of the Agreement or resolve the Deadlock Event or dispute on a mutually satisfactory basis within forty five (45) days after the Notice, the Parties must submit the issues (the “Dispute”) to mediation and arbitration pursuant to the procedure set forth below.

• The provisions of Clauses 14.2 (Deadlock Notice) and 14.3 (Cooling down procedure) shall apply if a Deadlock Event is deemed to have occurred.

• In the event that the Shareholders do not reach agreement on whether an event qualifies as a Deadlock Event, the Management Board shall determine whether a Deadlock Event has occurred.

• Upon occurrence of a Deadlock Event, each Shareholder is entitled to deliver a deadlock notice to the other Shareholder (the "Deadlock Notice") by sending a notice to that effect within ten (10) Business Days of the date on which the last General Meeting regarding the Deadlock Event called to deliberate thereon was held.

More Definitions of Deadlock Event

Deadlock Event means a failure of the ASC to reach agreement on a Material ASC Matter within the period set forth in Section 2.2 (d) hereof.

Deadlock Event shall have the meaning set forth in Section 7.8(c)(ii) hereof.

Deadlock Event has the meaning given to it in clause 3.1.4;

Deadlock Event has the meaning given in Clause 19

Deadlock Event means (i) the absence of a quorum at three successive meetings of the Board; (ii) if a Supermajority Decision is raised for consideration at three meetings of the Board and is not approved at any such meeting; (iii) the absence of a quorum at three successive General Meetings; or (iv) if an issue requiring approval of the Participants is raised for consideration at three General Meetings and is not approved at any such meeting.

Deadlock Event means, with respect to any matter requiring approval of the Board of Managers under Section 4.01 (excluding approval of an Annual Operating Budget or a Business Plan, which is governed by Sections 4.04 and 4.05, respectively), if (i) such matter is properly presented at a meeting of the Board of Managers called in accordance with the requirements of this Agreement and (ii) (x) such matter is not approved at such meeting or (y) there is not a quorum with respect to such matter (A) at such meeting and (B) at a Second Meeting of the Board of Managers called in accordance with the requirements of this Agreement at which the same matter is properly presented to the Board of Managers.

Deadlock Event means, with respect to any Supermajority Approval Action, if (i) such matter is properly presented at two or more meetings of the Board of Managers called in accordance with the requirements of this Agreement, (ii) there is a quorum present at such meetings with respect to such matter and (iii) such matter does not receive Supermajority Approval.