Mutual Decision definition

Mutual Decision means the decisions and approvals from time to time respecting the substance of, or any change (including any Change Order) or amendment to, the following matters (and any capitalized terms used in this definition which are not otherwise defined in this Agreement shall have the meanings ascribed to them in the Development Management Agreement):
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Mutual Decision has the meaning ascribed thereto in the Project Framework Agreement;
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Examples of Mutual Decision in a sentence

  • The power of the Steering Committee in respect of any Mutual Decision or any Construction Condition may be exercised: (i) by resolution at a meeting at which a quorum of its members is present in accordance with the terms of reference set forth in Schedule C; or (ii) in lieu of a meeting: (A) by resolution in writing signed by all of the members of the Steering Committee then in office; or (B) by the execution and delivery of an Approval Form by both Parties’ members of the Steering Committee.

  • In respect of each Major Decision which is a Mutual Decision, Development Manager shall collaborate with the Project Representatives to develop Development Manager’s recommendation for Approval by the Steering Committee.

  • If, within 30 minutes (or such longer period of time as agreed by the City Steering Committee member and CSERELP Steering Committee member) after the time fixed for holding a meeting, a quorum for the transaction of business at the meeting is not in attendance, then the voting on any Mutual Decision shall be cancelled or adjourned for at least 5 Business Days with a notice of an adjourned meeting to be given to all members of the Steering Committee.

  • If: (x) in respect of a Mutual Decision, the Steering Committee unanimously agrees with the recommendation for Approval, such recommendation shall be Approved and (y) in respect of any Ordinary Decision, the member of the Steering Committee appointed by CSERELP agrees with the recommendation for Approval, such recommendation shall be Approved.

  • The execution of any contract or other document by the City and CSERELP in respect of any Mutual Decision or other matter shall constitute the Approval of the Parties of that contract or other document and all of its provisions; and the execution of any contract or other document by CSERELP with respect to any Ordinary Decision shall constitute the Approval of the Parties of that contract or other document and all of its provisions.

  • At all meetings of the Steering Committee, every question in respect of an Mutual Decision or any Construction Condition shall be decided by the unanimous vote of the members of the Steering Committee at the meeting, provided that a quorum is present in accordance with terms of reference set forth in Schedule C.

  • Any disagreements relating to the validity, construction, meaning, performance or effect of this Agreement, or to the rights or liabilities of the Parties or any other matter related to this Agreement or a Deadlock (subject to Section 6.12) on a Mutual Decision (each a “Dispute”) that cannot be resolved by the Steering Committee will be referred to the City Manager and the Chairman of the Board of CSERELP’s general partner for resolution.