Material Disagreement definition
Examples of Material Disagreement in a sentence
In the event a Material Disagreement that is subject to a Buy-Sell Notice is resolved prior to delivery by any Notice Holders of a response thereto, such Buy-Sell Notice shall be deemed terminated and of no further force and effect.
The Servicer’s determination of “yes” Holders and “no” Holders shall be sent to each Holder and shall be utilized for determining whether any Holder in the group has the requisite percentage of Holders necessary to exercise its right to declare a Material Disagreement in accordance with Section 9(b) below.
All shares subject to accelerated vesting under this Section 14 shall vest fully and become subject to immediate exercise as of the date of the Notice of Material Disagreement.
If within such 45 day period the Shareholders are unable to sign a memorandum settling the Material Disagreement, the Demerger procedures provided in Section 3.2 below shall promptly ensue.
The Servicer’s determination of “yes” Holders and “no” Holders shall be sent to each Holder and shall be utilized for determining whether any Holder in the group has the requisite percentage of Holders necessary to exercise its right to declare a Material Disagreement in accordance with Section 8(b) below.
The existence of a Material Disagreement may be called by one or more Shareholders, representing more than twenty five (25) percent of New MP's share capital, by delivering to the remaining Shareholders and New MP a memorandum in English (the "Disagreement Memorandum"), describing the alleged Material Disagreement, setting out their position on the issue in contention, their reasons for taking such position and the damages to their interests which could result if their recommended position is not adopted.
Executive, in his sole discretion and acting in good faith, shall determine whether there is a Material Disagreement between Executive and the Board and/or the CEO.
Such Material Disagreement shall be submitted to binding arbitration in New York, New York, administered by the American Arbitration Association (the “AAA”) in accordance with AAA’s commercial arbitration rules pursuant to the expedited procedures provisions thereof (to the extent not inconsistent with the procedures set forth below).
Within 10 days of the designation of the Final Arbitrator, each Member shall submit to the Final Arbitrator a detailed proposal for a final determination of the Material Disagreement.
The parties agree and acknowledge that Executive and the Board and/or CEO may not be able to agree as to the proper course or direction of Employer's business ("Material Disagreement").