Substantive Proposal definition
Examples of Substantive Proposal in a sentence
In addition to the Substantive Proposal, each Member may submit to the arbitrator a proposal of an exit method for such Member if the arbitrator does not find in favor of that Member's Substantive Proposal (the "Exit Proposal").
With regard to the Exit Proposals, the arbitrator may choose either the Exit Proposal submitted by the Member whose Substantive Proposal is rejected by the arbitrator or an amended version of such Exit Proposal (such Exit Proposal, as possibly amended, the "Exit Solution").
Within thirty (30) days of the date of written notice from the arbitrator to the Members and to the Company, the Member whose Substantive Proposal was rejected by the arbitrator must elect to accept the Exit Solution.
Each Member shall submit to the arbitrator a proposal to resolve the matter in Deadlock (the "Substantive Proposal").
The decision of the arbitrator as to the Exit Solution shall be final and binding on both Members if the Member whose Substantive Proposal is rejected chooses to accept the Exit Solution.