Deadlock Notice. See Section 8.5.
Deadlock Notice. 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.
Deadlock Notice. See Section 8.5. --------------- -----------
Deadlock Notice. If any Deadlock arises, either Member shall be entitled to provide the other Member with written notice of the Deadlock, including sufficient details with respect to the nature of the Deadlock and remedies being sought (the “Deadlock Notice”). The Members agree to attempt in good faith to resolve any Deadlock through consultation and negotiation between executives who have authority to settle controversies and who are at a higher level of authority than the persons with direct responsibility for administration of this Agreement. All negotiations pursuant to this Section 13.1 shall be confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence. Execution Copy Northern Pass LLC Operating Agreement
Deadlock Notice. Either Party may, on or before the 10th Business Day after a Deadlock Event, give notice in writing (a “Deadlock Notice”) to the other Party. If no Deadlock Notice is served by either Party within the 10-Business-Day time period, then the Parties will be deemed to have waived their respective rights to serve a Deadlock Notice in respect of the specific Deadlock Event and that Deadlock Event will remain unapproved.
Deadlock Notice. As defined in Section 9.7.1.
Deadlock Notice. If at the next meeting of the relevant Board, no resolution is carried in relation to the matter by reason of an equality of votes for and against any proposal for dealing with it, a lack of consent under Clause 7.1 or for any other reason, then Exmar or TGP (as applicable) may give notice in writing (a “Deadlock Notice”) to the other referring to the matter in dispute and specifying that the provisions of Clause 11.3 shall apply.
Deadlock Notice. If a Deadlock Event occurs and cannot be resolved by the Shareholders within 20 Business Days after the date on which a Deadlock Event occurs, any Shareholder may give written notice to the other Shareholders stating that the remaining provisions of this clause will apply in relation to that Deadlock Event (a Deadlock Notice). To be valid, a Deadlock Notice must be given within 10 Business Days after the end of the 20 Business Day period referred to above. If on the expiry of the 10 Business Day period referred to above, neither Shareholder has given a Deadlock Notice in relation to a Deadlock Event, that Deadlock Event will be deemed to have lapsed. Xxxxxxxx Xxxxx Joint Venture and Shareholders Agreement 44
Deadlock Notice. If:
(a) there is no quorum at two consecutive Shareholder meetings convened to consider a Reserved Matter; or
(b) the Shareholders are unable to reach a decision on any matter requiring Shareholder approval (including Reserved Matters) by reason of disagreement between themselves, then a deadlock shall be deemed to have occurred in relation to the matter. Whenever a deadlock is deemed to have occurred, either Shareholder may, within fifteen (15) Business Days of the event that has given rise to the deadlock, serve a notice in writing (a "Deadlock Notice") to the other Shareholder and the Company stating that in its opinion a deadlock has occurred, and identifying the matter over which the Shareholders are deadlocked.
Deadlock Notice. The Member giving Notice under Section 14.1 may, at least five (5) Business Days but not more than twenty (20) Business Days after the second such Notice, serve a further Notice on the other Member (“Deadlock Notice”):
(a) stating that in its opinion a Deadlock has occurred; and
(b) identifying the matter giving rise to the Deadlock.
