Common use of Decision Making Clause in Contracts

Decision Making. All Operating Committee decisions shall be taken unanimously. If the Operating Committee fails to make a decision, resolve a dispute, agree upon any necessary action, or if a Party so requests, in the event of a material breach of this Agreement, a senior officer of LGL and a senior officer of Mtron, neither of whom shall have any direct oversight or responsibility for the subject matter in dispute, shall attempt within a period of fourteen (14) days to conclusively resolve any such unresolved issue.

Appears in 4 contracts

Samples: Transitional Administrative and Management Services Agreement (M-Tron Industries, Inc.), Transitional Administrative and Management Services Agreement (M-Tron Industries, Inc.), Transitional Administrative and Management Services Agreement (M-Tron Industries, Inc.)

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Decision Making. All Operating Committee decisions shall be taken unanimously. If the Operating Committee fails to make a decision, resolve a dispute, agree upon any necessary action, or if a Party so requests, in the event of a material breach of this Agreement, a senior officer of LGL PNX and a senior officer of MtronSpinco, neither of whom shall have any direct oversight or responsibility for the subject matter in dispute, shall attempt within a period of fourteen (14) days to conclusively resolve any such unresolved issue.

Appears in 3 contracts

Samples: Transition Services Agreement (Phoenix Companies Inc/De), Transition Services Agreement (Virtus Investment Partners, Inc.), Transition Services Agreement (Virtus Investment Partners, Inc.)

Decision Making. All Operating Committee decisions shall be taken unanimously. If the Operating Committee fails to make a decision, resolve a dispute, agree upon any necessary action, or if a Party so requests, in the event of a material breach of this Agreement, a senior officer of LGL PEC and a senior officer of MtronPCC, neither of whom shall have any direct oversight or responsibility for the subject matter in dispute, shall attempt within a period of fourteen (14) days to conclusively resolve any such unresolved issue.

Appears in 2 contracts

Samples: Transition Services Agreement (Patriot Coal CORP), Transition Services Agreement (Patriot Coal CORP)

Decision Making. All Operating Committee decisions shall be taken unanimously. If the Operating Committee fails to make a decision, resolve a dispute, agree upon any necessary action, or if a Party so requests, in the event of a material breach of this Agreement, a senior officer of LGL GAMCO and a senior officer of MtronACG, neither of whom shall have any direct oversight or responsibility for the subject matter in dispute, shall attempt within a period of fourteen (14) days to conclusively resolve any such unresolved issue.

Appears in 2 contracts

Samples: Transitional Administrative and Management Services Agreement (Gamco Investors, Inc. Et Al), Transitional Administrative and Management Services Agreement (Associated Capital Group, Inc.)

Decision Making. All Operating Committee decisions shall be taken unanimously. If the Operating Committee fails to make a decision, resolve a dispute, agree upon any necessary action, or if a Party so requests, in the event of a material breach of this Agreement, a senior officer of LGL Alcan and a senior officer of MtronNovelis, neither of whom shall have any direct oversight or responsibility for the subject matter in dispute, shall attempt within a period of fourteen (14) days to conclusively resolve any such unresolved issue.

Appears in 2 contracts

Samples: Transitional Services Agreement (Novelis Inc.), Transitional Services Agreement (Novelis Inc.)

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Decision Making. All Operating Committee decisions shall be taken unanimously. If the Operating Committee fails to make a decision, resolve a dispute, agree upon any necessary action, or if a Party so requests, in the event of a material breach of this Agreement, a senior officer of LGL LICT and a senior officer of MtronSPINCO, neither of whom shall have any direct oversight or responsibility for the subject matter in dispute, shall attempt within a period of fourteen (14) days to conclusively resolve any such unresolved issue.

Appears in 2 contracts

Samples: Transitional Services Agreement (MachTen, Inc.), Transitional Services Agreement (MachTen, Inc.)

Decision Making. All Operating Committee decisions shall be taken unanimously. If the Operating Committee fails to make a decision, resolve a dispute, agree upon any necessary action, or if a Party so requests, in the event of a material breach of this Agreement, a senior officer of LGL Capitol and a senior officer of MtronMCBL, neither of whom shall have any direct oversight or responsibility for the subject matter in dispute, shall attempt within a period of fourteen (14) days to conclusively resolve any such unresolved issue.

Appears in 1 contract

Samples: Transition Services Agreement (Michigan Commerce Bancorp LTD)

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