Definition of Impasse Sample Clauses

Definition of Impasse. Impasse is whenever negotiations have taken place for forty- five (45) days and either side will not agree to extend the time frame for negotiations.
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Definition of Impasse. Impasse occurs when, after exhaustive good-faith negotiations, the parties' positions are well fixed and at a stalemate.
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Definition of Impasse. The negotiating group shall continue to meet and deliberate until all issues are resolved or an impasse has been reached. An impasse shall be considered to exist on an issue when: (1) No common agreement of parties has been reached after ninety (90) calendar days have elapsed after the date of the first discussion by the negotiating committee of an issue accepted for negotiating unless by mutual agreement, or (2) Both parties agree that further deliberation and discussion by the negotiation group of an issue accepted for negotiating will not resolve the issue.
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Definition of Impasse. For purposes of this Agreement, an ----------------------- "Impasse" shall be deemed to have occurred in the event that (a) the Parties are unable to agree upon any material matter (such as, without limitation, implementation of the Business Plan, financial or economic issues involving the Company, entering into business associations or partnerships, determining the Business Combination Value for a Business Combination that does not constitute a Liquid Business Combination in accordance with Section 16.4 hereof, the development of thresholds applicable under Section 14.4 hereof or any other matter that causes a material adverse effect on the Company) with respect to which this Agreement or the License Agreement contemplates that agreement of the Parties shall be reached, (b) TeleNova and ITXC are unable to agree upon significant matters respecting the management of the Company's affairs, (c) TeleNova and ITXC are in such dispute that the Company is unable to function normally in the best interests of its Quotaholders or (d) in case any Party applies for or consents to the appointment of a receiver, trustee or liquidator for all or a substantial part of its properties or assets, makes a general assignment for the benefit of its creditors, is adjudicated a bankrupt or insolvent, or files a voluntary petition in bankruptcy, or a petition or answer seeking reorganization or an arrangement with creditors, or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of bank debt, dissolution or liquidation law or statute, or an answer admitting the material allegations of a petition filed against it in any proceeding under any such law.
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Definition of Impasse. If agreement is not reached on negotiable items within seventy-five (75) days of the commencement of negotiations, either party may declare an impasse has been reached and mutually call for the selection of a mediator from the staff of the Federal Mediation and Conciliation Service
Sample 1
Definition of Impasse. 11.1.1. For the purposes of this Section, an "IMPASSE" occurs whenever: (a) the SHAREHOLDERS or, depending on the case, the Board of Directors do not reach a decision in three consecutive General Meetings or Board meetings, (AMENDED AND CONSOLIDATED STOCKHOLDERS' AGREEMENT - TAM S.A. DATED MAX 00, 0005) with relation to matters that under the terms of this agreement depend on a joint decision; (b) there is no quorum in three consecutive Board meetings due to the non- attendance of Directors that had been indicated by this SHAREHOLDER; or (c) the provision of clause 5.3 is applicable.
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Definition of Impasse. The definition of impasse will follow State Code Guidelines.
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