Unresolved Deadlock definition

Unresolved Deadlock means the Board is deadlocked and unable to reach agreement on any matter that requires agreement of the Directors as a Major Decision or consent or approval of the Board, the matter shall have been submitted by the Members to an individual mediator mutually agreeable to the Members, for purposes of attempting to resolve the deadlock, and (despite reasonable good faith efforts of the Members to mediate the dispute such mediation does not resolve the deadlock within thirty (30) days after submission to the mediator) the dispute is not resolved.).
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Unresolved Deadlock has the meaning given in
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Unresolved Deadlock has the meaning set forth in Section 5.6(b).
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Examples of Unresolved Deadlock in a sentence

  • If no decision is reached [***************] after mediation has occurred, then such Deadlock Event shall continue and be deemed an Unresolved Deadlock Event for purposes of this Agreement.

  • Upon the occurrence of an Unresolved Deadlock, the Parties shall take any necessary and appropriate actions to liquidate the Company in accordance with the provisions set forth in Section 15 herein and on the basis of the Liquidation Principles.

  • The initial term of this Agreement expires on December 31, 2030, at which time this Agreement is automatically renewed for successive ten (10) year terms (each such term, including the initial term, a “Term”), in each case unless otherwise terminated in accordance with this Agreement (pursuant to action taken under Section 13.1(b) (Term and Renewal), 13.2 (Exit for Breach), 13.3 (Exit for Bankruptcy), 13.4 (Exit for Unresolved Deadlock), or 13.5 (Exit for Change of Control)).

  • If there is an Unresolved Deadlock, either Formation Partner (the "Exercising Partner") may exercise a buy-sell right by delivering to the other Formation Partner (the "Non-Exercising Partner") a written notice (the "Notice of Buy-Sell"), which shall state (a) the price at which the Exercising Partner is willing to sell its Partnership Interest (the "Buy-Sell Price") and (b) the other terms on which the Exercising Partner is willing to sell its Partnership Interest (the "Buy-Sell Terms").

  • The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Majority Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 12.04) or in the absence of its own gross negligence or willful misconduct.

  • Unresolved Deadlock If there is an Unresolved Deadlock, any Formation Partner (the "Exercising Partner") may exercise a buy-sell right by delivering to the other Formation Partner (the "Non-Exercising Partner") a written notice (the "Notice of Buy-Sell"), which shall state (a) the price at which the Exercising Partner is willing to sell its Partnership Interest (the "Buy-Sell Price") and (b) the other terms on which the Exercising Partner is willing to sell its Partnership Interest (the "Buy-Sell Terms").


More Definitions of Unresolved Deadlock

Unresolved Deadlock means an inability of the members of the Advisory Committee to reach unanimous agreement on a Major Decision, which inability continues for a period of one hundred twenty (120) calendar days (except with respect to the inability to elect a replacement General Partner pursuant to Section 6.15.C or Section 12.1.B, which shall only be subject to a thirty (30) calendar day resolution period) after written notice by a representative of the Advisory Committee to the General Partner. The Formation Partners shall cause their respective designees to the Advisory Committee to negotiate in good faith and use their respective commercially reasonable efforts to reach agreement on any Major Decision.
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Unresolved Deadlock has the meaning given in Clause 6.4. Schedule 2 JV Group The JV Group includes the following: • the Nutreco JV Companies, as described in Schedule 2 (Part 1) to the Contribution Agreement; • the Nutreco JV Businesses, as described in Schedule 2 (Part 2) to the Contribution Agreement; • the ▇▇▇▇▇ ▇▇ Companies, as described in Schedule 3 (Part 1) to the Contribution Agreement; and • the ▇▇▇▇▇ ▇▇ Businesses, as described in Schedule 3 (Part 2) to the Contribution Agreement.
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