DEFINITION OF DEADLOCK Sample Clauses

DEFINITION OF DEADLOCK. Deadlock" shall occur if: (i) the Members are unable to reach unanimous agreement on any matter requiring the unanimous approval of the Members under Section 7.1(j) during the sixty (60) day period following a request for a Member vote, (ii) the Board of Representatives casts a tie vote on a matter (except those matters set forth in Section 7.1(e)(v)) submitted to it at a meeting or in the form of a proposed written consent, and during the sixty (60) day period following this tie vote, the Board of Representatives is unable to break the tie. (If the matter is presented in the form of a proposed written consent, the sixty (60) day period shall commence on the date that the Representative who was last to receive the proposal received it.) During this sixty (60) day period, the Board of Representatives shall hold at least one additional meeting at which it shall make a good faith effort to break the tie. The additional meeting shall be held at the time and place agreed to by the Representatives, or if the Representatives are unable to agree, at a time and place determined by the LLC General Manager, on at least five (5) days' written notice.
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DEFINITION OF DEADLOCK. This Section 5 applies in any case where the two Shareholders disagree as to a proposed resolution in relation to a matter listed in Section 2.2(d) that either Shareholder believes is under the relevant circumstance essential to the continuing operation of the Business, at the Shareholders meeting called in relation thereto. Any such case is referred to as a “Deadlock” and, for the purpose of this Section 5.1, the date on which the Deadlock arises shall be the date on which the two Shareholders disagree on such resolution at the relevant Shareholders meeting referred to in this Section 5.1
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DEFINITION OF DEADLOCK. For purposes of this Agreement, if the BE Condition is met, a "Deadlock" shall be deemed to exist if the Members or the Board, as the case may be, are unable to reach a decision on a matter set forth in Sections 9.3(d), 9.3(e), 9.3(h) or items (a), (e), (f), (i), (o), (q), and (r) of Schedule 10. 6.1 (each a "Key Decision") after such Key Decision has been discussed at two (2) meetings of Members or the Board, as the case may be, at which a Quorum was present throughout.
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Related to DEFINITION OF DEADLOCK

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