Urgent Decision definition
Examples of Urgent Decision in a sentence
Where either Partner considers that the other Partner’s justification for making an Urgent Decision is not reasonable or not substantiated and/or if the Partners cannot agree as to the implications of any Urgent Decision on the Partnership Arrangements, then either Partner may refer any such matter to the Disputes Procedure under the Partnership Agreement.
Either Partner may, notwithstanding the provisions of these Terms of Reference, make any Urgent Decision (as defined below) that would otherwise be taken by the Committee, themselves.
Where either Partner makes an Urgent Decision it shall report such Urgent Decision to the Committee at its next meeting together with an explanation of: what the decision was; why it was deemed an Urgent Decision; and any implications of such Urgent Decision on the Partnership Arrangements.
The relevant Committee or Officer shall be that Committee or Officer that, but for that decision being made as an Urgent Decision, would have made that decision as determined by the Decision Matrix.
Either Partner may, notwithstanding the provisions of these Terms of Reference, make any Urgent Decision (as defined below) that would otherwise be taken by the Board, themselves.