Major Dispute definition

Major Dispute shall have the meaning assigned to such term in Section 12.2(c).

Major Dispute means a dispute as between the NYSTRS Committee Member and the Xxxx Committee Member relating to any of the following subjects: (i) the sale or exchange of any of the Properties, (ii) the mortgaging, pledging or other encumbering of any of the Properties, or (iii) the terms of any new secured or unsecured borrowings by the Company in excess of $10,000,000, or any modification of any existing borrowings of the Company when the amount of the borrowing exceeds $10,000,000.

Major Dispute means any disagreement of the Members in respect of (i) the establishment of sale objectives and parameters for the Project; (ii) the sale or other disposition of the Project or any other property owned, directly or indirectly, by the Venture in excess of $100,000; (iii) incurring, materially restructuring or materially modifying any indebtedness of the Venture or the Subsidiary REIT in excess of $100,000 or causing or the Venture or Subsidiary REIT to become liable as an endorser, guarantor, surety or otherwise, except as otherwise contemplated under Section 6.3(a)(iii); (iv) a mortgage, pledge or hypothecation of the Project to secure indebtedness of the Subsidiary REIT, except as otherwise contemplated under Section 6.3(a)(v); or (v) selling any additional interests in the Venture (other than to the developer of the Project).

Examples of Major Dispute in a sentence

• If the dispute is a Major Dispute, any Party may submit the dispute to arbitration by notifying the arbitrator and all other parties to the dispute within fifteen (15) days after expiration of the good faith meet and confer provisions of Section 8.6. Thereafter, within fifteen (15) days, each party to the dispute shall submit to the arbitrator and serve on all parties to the arbitration a short statement of the dispute and a proposed discovery and hearing schedule.

• If the Cooperating Respondents disagree with the Water Entity’s written explanation, such dispute shall be subject to the Major Dispute resolution provisions set forth in this Agreement without regard to the amount in controversy.

• The District Court Had Jurisdiction Over the Union’s Major Dispute Claim for Status Quo Violations The Union alleges that Aviation Safeguards unilaterally altered the collective bargaining agreement, and thus violated the RLA’s status quo provisions.

• Typically it is as a result of changes to the rating tools or an incomplete understanding of the rating tools and sometime (but rarely) GreenTag’s own standard.

• The Union’s Claim Constitutes a Status Quo Violation, Which Is a Major Dispute The RLA imposes upon employees and carriers an obligation to maintain existing working conditions until the RLA’s internal mechanisms for dispute resolution are completed.

More Definitions of Major Dispute

Major Dispute shall have the meaning given to that term in Paragraph (b)(iii) of Article 33 hereof.

Major Dispute means the failure of the Members to agree upon or approve any Major Decision or other action requiring the consent of all Members, in accordance with Section 4.2.

Major Dispute means the failure of the Members or the Executive Committee to agree upon or approve any Major Decision, other than those Major Decisions identified in the immediately following sentence, which failure to agree has continued for a period of thirty (30) days after written notice thereof (the "Major Dispute Notice") has been given by a Member to the other Member(s). The failure of the Executive Committee to approve a Preliminary Presentation or a Final Presentation, including a Project Development Budget or the Plans and Specifications, for a Target, or any amendment, modification or change to either of them, or the failure of the Executive Committee to agree whether a Target conforms to the Approved Investment Parameters, is not a Major Dispute. In order to be effective, any Major Dispute Notice must contain a description of the Major Decision which the Members or the Executive Committee has been unable to agree and must contain the following language typed in BOLD PRINT on the face of the Major Dispute Notice: THIS NOTICE IS GIVEN PURSUANT TO THE LIMITED LIABILITY COMPANY AGREEMENT OF STORAGE DEVELOPMENT PORTFOLIO, L.L.C. (THE "AGREEMENT") IN ORDER TO ADVISE A MEMBER THAT A MAJOR DISPUTE WILL EXIST UNDER THE AGREEMENT UNLESS THE MEMBERS ARE ABLE TO AGREE WITHIN THIRTY (30) DAYS WITH RESPECT TO THE MATTER OR MATTERS SET FORTH IN THIS NOTICE.

Major Dispute. As defined in Section 6.15. -------------

Major Dispute has the meaning given to that term in Section 12.4 (ii). “Minor Dispute” has the meaning given to that term in section 12.4(ii). “Movable Property” means the vehicles, furniture, maintenance equipment, computers and other similar items owned by MWSS just prior to the Commencement Date related to the Service Are, and any items allocated to the Concessionaire by MWSS prior to bidding on the Concession from the shared facilities with the Other Operator, as such property shall be designated by MWSS in the document captioned “General Administration Equipment, Physical Inventory,” undated, distributed December 2, 1996.

Major Dispute means a trade dispute that has seriously jeopardised or is likely to seriously

Major Dispute means (1) the failure of the Members to agree upon or approve any Major Decision, (2) failure of the Members to agree in advance whether or not the AIMCO Members will fund any Shortfall with a Shortfall Loan pursuant to Section 6.4(c)(ii) hereof; (3) failure of the Members to adopt suggested changes to the Integrity Policy when proposed under Section 4.16 hereof; or (4) an Appraiser Deadlock pursuant to the last sentence of Section 11.13 hereof and, in the case of clauses (1) through (4), which failure to agree has continued for a period of thirty (30) days after written notice thereof (the "Major Dispute Notice") has been given by a Member to Investor, on the one hand, and the AIMCO Managing Member, on the other hand. In order to be effective, any Major Dispute Notice must contain a description of the Major Decision on which the Members have been unable to agree and must contain the following language typed in BOLD PRINT on the face of the Major Dispute Notice: THIS NOTICE IS GIVEN PURSUANT TO THE LIMITED LIABILITY COMPANY AGREEMENT OF AIMCO JV PORTFOLIO #1, LLC (THE "AGREEMENT") IN ORDER TO ADVISE A MEMBER THAT A MAJOR DISPUTE WILL EXIST UNDER THE AGREEMENT UNLESS INVESTOR ON THE ONE HAND, AND THE AIMCO MEMBERS ON THE OTHER HAND, ARE ABLE TO AGREE WITHIN THIRTY (30) DAYS WITH RESPECT TO THE MATTER OR MATTERS SET FORTH IN THIS NOTICE.