Board Deadlock definition

Board Deadlock has the meaning set forth in Section 5.09(a).
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Board Deadlock has the meaning set forth in Section 7.13.
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Board Deadlock is defined in Section 12.1(a).
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Examples of Board Deadlock in a sentence

  • Notwithstanding the foregoing, in the event that the subject matter of the Board Deadlock specifically relates to whether or not the Company should pursue the development of one or more additional Projects, in such instance, the dispute resolution provisions set forth in Section 13.11 shall not apply and the Company shall not pursue such additional Project(s) unless and until the Board achieves the necessary Majority Approval with respect to the subject matter of the Board Deadlock.


More Definitions of Board Deadlock

Board Deadlock means, with respect to any matter brought before the Board for a vote, a situation pursuant to which a quorum of the Board (as determined pursuant to Section 7.3) consists of two (2) WHP Holders and two (2) Express Holders, and the WHP Holders and the Express Holders fail to approve such matter pursuant to the second sentence of Section 7.3(b).
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Board Deadlock means the Board is unable, after commercially reasonable efforts in good faith and at least two (2) duly held meetings of the Board, to approve or disapprove any proposed action requiring approval of the Board under this Agreement that, as a result of the deadlock with respect to such proposed action, has had or could reasonably be expected to have a material and adverse effect on the (i) the achievement of the purposes of the Company, (ii) financial performance of the Company, (iii) operations of the Company, or (iv) quality of services rendered by the Company.
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Board Deadlock has the meaning assigned in Section 8.2(q)(i).
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Board Deadlock has the meaning given to it in paragraph 4 of Schedule 4;
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Board Deadlock has the meaning given to it in paragraph 4 of Schedule 4; “Board Deadlock Committee” has the meaning given to it in paragraph 6 of Schedule 4; “Board Deadlock Notice” has the meaning given to it in paragraph 5 of Schedule 4; “Budget” means a description in reasonable detail of operations to be conducted and objectives to be accomplished by the Company for a given period together with a detailed estimate of all sales revenues and other income to be received by, and all operating and capital costs to be incurred by, the Company, together with a funding plan (if relevant) including any proposed Additional Funding required by the Company with respect to such operations and shall include each Designated Project Budget and each Exploration Budget; “Business” means the Company’s business of undertaking exploration for prospective mineral deposits and the operation, management and development of mines and the production of minerals including the operation of the Company in accordance with the applicable Mining Licenses and all other matters reasonably incidental thereto; “Business Days” means a day (other than Friday, Saturday and Sunday) on which banks are open for normal business in Riyadh; “Capital Contributions” means contributions to the share capital of the Company occurring by way of Cash Contributions or the conversion of outstanding amounts under the Shareholder Loans, including, for the avoidance of doubt the IE’s Contribution and the Ma’aden’s Contribution; “Cash Contributions” has the meaning given to it in Clause 12.3 (Further Funding);
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Related to Board Deadlock

  • Deadlock has the meaning set forth in Section 6.2(d).

  • Dispute Board (DB) means the person or persons named as such in the SCC appointed by agreement between the Procuring Entity and the Contractor to make a decision with respect to any dispute or difference between the Procuring Entity and the Contractor referred to him or her by the Parties pursuant to GCC Sub-Clause 46.1 (Dispute Board) hereof.

  • Xxxx Dispute Notice means the notice issued by a Party raising a Dispute regarding a Monthly Xxxx or a Supplementary Xxxx issued by the other Party;

  • Dispute Period shall have the meaning specified in Section 9.3(a).

  • Resolution Period has the meaning set forth in Section 2.04(c)(ii).

  • Superior Proposal Notice has the meaning specified in Section 5.4(1)(c).

  • Dispute Notice means a written notice served by one Party on the other stating that the Party serving the notice believes that there is a Dispute;

  • Dispute Date means, with respect to a Dispute, the date on which a Dispute Notice is effectively delivered by one party to the other party save that if, with respect to a Dispute, both parties deliver a Dispute Notice, the date on which the first in time of such notices is effectively delivered will be the Dispute Date. Each Dispute Notice will be effectively delivered if delivered in the manner agreed between the parties for the giving of notices in respect of this Agreement.

  • Mediation Notice is defined in Section 6.2(b).

  • Resolution date means the date the funded amount, plus the

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • Impasse means that the representatives of the County and a Recognized Employee Organization have reached a point in their meeting and conferring in good faith where their differences on matters to be included in a Memorandum of Understanding, and concerning which they are required to meet and confer, remain so substantial and prolonged that further meeting and conferring would be futile.

  • Independent Firm means a recognized law or accounting firm; provided, however, that such term shall not include any accounting firm that performs or has preformed audit services with respect to Distributing or Controlled.

  • Formal Dispute means a written objection by an Interested Party to any of the following:

  • Notice Board means the Board or Boards provided in the Club premises on which notices for the information of members are posted.

  • Disinterested Shareholder means a shareholder that is not an Insider to whom options may be granted under the Plan and they are not an Associate of any Insider.

  • Plan Objection Deadline means the date the Bankruptcy Court establishes as the deadline to File an objection to Confirmation of the Plan.

  • Arbitration Notice has the meaning set forth in Section 9.13.

  • key decision * means an executive decision which is likely to:

  • Major Decision means:

  • Resolution Time means 1:00 p.m. New York time on the Local Business Day following the date on which the notice of the dispute is given under Paragraph 5.

  • Negotiating Committee means a three-member group comprised by representatives of the following: (1) the State; and (2) two representatives of Local Governments of which one representative will be from a Municipality and one shall be from a County (collectively, “Members”) within the State. The State shall be represented by the Attorney General or her designee.

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.

  • Supervisory Board means the individual or group of individuals that

  • Nomination Notice means all information and documents that a Nominating Stockholder is required to submit to the Secretary of the Corporation pursuant to Section 1.13(f).