Neutral Member definition

Neutral Member has the meaning provided in Section 2. 1(f)(ii) of this Single Family Shared-Loss Agreement.
Neutral Member has the meaning provided in Section 2.1(f)(ii) of this Commercial Shared-Loss Agreement.
Neutral Member has the meaning set forth in Section 7.10(a)(ii).

Examples of Neutral Member in a sentence

  • In addition, if a Neutral Member fails for any reason to serve or continue to serve on the Review Board, the other remaining members shall so notify the parties to the dispute and the Neutral Member in writing that such Neutral Member will be replaced, and the Neutral Member shall thereafter be replaced by the unanimous action of the other remaining members within twenty (20) business days of that notification.

  • If the Claimant Party subsequently submits the Notice of Dispute to the Arbitration Administrator as provided in Section 7.6(c), then within ten (10) Business Days of such submission, the Party-Appointed Arbitrators shall select a neutral third Member (the “Neutral Member”) in accordance with Commercial Arbitration Rules R-11 and R-13, except that the Neutral Member need not be from the National Roster of Commercial Arbitrators.

  • In no event will the Neutral Member voluntarily testify on behalf of any party.

  • Prior to the commencement of the Review Board proceedings, or, in the case of a substitute Neutral Member, prior to the re-commencement of such proceedings subsequent to that substitution, the Neutral Member shall provide a written oath of impartiality.

  • If the Claimant Party subsequently submits the Notice of Dispute to the Arbitration Administrator, a Neutral Member shall be selected in accordance with the procedure set forth in Section 7.10(a)(ii).

  • The Claimant Party and the Respondent Party will share equally the fees and expenses of the Neutral Member and any administrative fees of the arbitration (which shall not include the fees and expenses of the Members).

  • The Neutral Member may be removed by unanimous action of the Party-Appointed Arbitrators or unanimous action of the parties after five (5) Business Days notice to the Claimant Party and the Respondent Party and the Arbitration Administrator of the selection of a replacement Neutral Member.

  • The Neutral Member may be removed by unanimous action of the members appointed by the FDIC Party and the Assuming Institution after two (2) days’ prior written notice to the FDIC Party and the Assuming Institution of the selection of a replacement Neutral Member.

  • The FDIC Party and Assuming Institution will share equally the fees and expenses of the Neutral Member.

  • If the members appointed by the FDIC Party and the Assuming Institution are unable to promptly agree upon the initial selection of the Neutral Member, or a timely replacement Neutral Member as set forth in Section 2.1(f)(ii) above, the two appointed members shall apply to the American Arbitration Association (“AAA”), and such Neutral Member shall be appointed in accordance with the Commercial Arbitration Rules of the AAA.


More Definitions of Neutral Member

Neutral Member has the meaning set forth in Section 7.10(a)(ii). “Notice of Dispute” has the meaning set forth in Section 7.3.
Neutral Member shall have the meaning assigned to such term in Section 2.3.
Neutral Member has the meaning provided in Section 2.1(f)(ii) of this Commercial Shared-Loss Agreement. 108 Crescent Bank and Trust Company
Neutral Member has the meaning provided in Section 2.1(f)(ii) of this Commercial Shared-Loss Agreement. Module 1 — Whole Bank w/ Loss Share — P&A GULF STATE COMMUNITY BANK Version 2.11B CARRABELLE, FLORIDA October 8, 2010 113
Neutral Member shall have the meaning assigned to such term in Section 2.3. * Confidential Treatment Requested
Neutral Member who shall be an Approved Person (as defined below). If the Parties cannot reach agreement, the Neutral shall be selected in the following manner: a) Climate Resolve shall nominate an Approved Person to serve as the Neutral (the “First Nominee”), and the First Nominee shall serve as the Neutral unless one or both of the Centennial Appointees object to the First Nominee.

Related to Neutral Member

  • Panel Member ’ means a member of a panel;

  • General Member means a party, and that party’s Affiliates, that has executed this Project Charter at the General Member level, unless that General Member has withdrawn or been terminated from the Project, or has changed membership level.

  • Tribal Member means an enrolled member of the Tribe.

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Additional Member has the meaning set forth in Section 12.02.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.