Common use of THE NEUTRAL'S VIEWS Clause in Contracts

THE NEUTRAL'S VIEWS. The Neutral shall (a) unless requested not to do so by the Parties, provide his opinion to the Parties on the probable outcome should the matter be litigated, and (b) if requested to do so by the Parties, make one or more recommendations as to the terms of a possible settlement, upon any conditions imposed by the Parties (including a minimum and maximum amount). The Neutral shall base his opinions and recommendations on information then available to the Parties, excluding only such information disclosed by any Party to the Neutral in confidence but not disclosed to the other Party or Parties. The opinions and recommendations of the Neutral shall not be binding on the Parties.

Appears in 5 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Vanguard Health Systems Inc), Purchase and Sale Agreement (Vanguard Health Systems Inc)

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THE NEUTRAL'S VIEWS. The Neutral shall (a) unless requested not to do so by the Partiesparties, provide his opinion to the Parties parties on the probable outcome should the matter be litigated, and (b) if requested to do so by the Partiesparties, make one or more recommendations as to the terms of a possible settlement, upon any conditions imposed by the Parties parties (including a minimum and maximum amount). The Neutral shall base his opinions and recommendations on information then available to the Partiesparties, excluding only such information disclosed by any Party party to the Neutral in confidence but not disclosed to the other Party party or Partiesparties. The opinions and recommendations of the Neutral shall not be binding on the Partiesparties.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vanguard Health Systems Inc)

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