Stalemate definition

Stalemate has the meaning given such term in Section 5.3.
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Stalemate means any situation in which one or more proposals have been submitted to the Partners relating to action reasonably considered by the proponent to be required to be taken by the Partnership, or the Project Leader on behalf of the Partnership, in order to avoid or substantially mitigate (i) a cessation of, or material disruption or impediment in, the conduct of its ongoing operations and affairs to any material extent, or (ii) potential material harm or damage to the Partnership, its business, operations, affairs, properties or other assets, but which proposal or proposals are not able to be implemented because there has not been an approval thereof by a SuperMajority in Interest of the Partners as required by Section 3.5. In this regard, the failure to approve a Budget by the end of the first quarter of a fiscal year to which it relates and which has been presented to the Partners in material compliance with Section 3.6(g) hereof shall be considered to be a Stalemate and approval of the Budget, or specific items thereof which are then in dispute, as then proposed may be presented for dispute resolution pursuant to this Article XIII.
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Stalemate has the meaning provided in Section 5.2.
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Examples of Stalemate in a sentence

  • The Board and the arbitrator shall meet as soon as practicable after the appointment of the arbitrator, and shall agree on the parameters of the proceeding to decide the Stalemate, with emphasis on a determination being made in as expeditious and cost-effective a manner as possible.

  • The Board shall immediately contact the AAA and open a proceeding to appoint a single arbitrator to decide the Stalemate.

  • If the Managers are unable to resolve the Stalemate after reasonable attempts have been made, which shall be no more than thirty (30) days after the date of the Stalemate Determination (unless a longer or shorter time is agreed upon by unanimous consent of the Board), the Board shall utilize the services of the American Arbitration Association (“AAA”), in Denver, Colorado, to appoint an arbitrator to resolve the Stalemate.

  • The meeting to do so shall be held promptly, but in no event later than ten (10) business days after the determination that a Stalemate on an issue has occurred (a “Stalemate Determination”).

  • If such Stalemate has not been resolved within ten (10) days of its submission to the Members' principal executive officers (the "Stalemate Date"), each of TNS and GPU Telcom shall then negotiate in good faith to achieve a mutually agreeable purchase and sale arrangement at Fair Market Value such that one Member would thereafter own all of the Membership Interests in the Company.

  • If the Stalemate Date has occurred on or after the two (2) year anniversary of the Effective Date, and the Members are not able to negotiate a purchase and sale arrangement within thirty (30) days after the Stalemate Date, either Member may, for a period of ninety (90) days thereafter, subject to the provisions of Section 10.2, seek to obtain a bona fide third party purchaser for its Membership Interest and consummate a sale.

  • In the event the Managers on the Board are unable to agree upon a matter to be decided by the Board (a "Stalemate"), the Managers agree to engage in discussions to attempt in good faith to negotiate a resolution of the matter in question.

  • In the event the Members' Chief Executive Officers cannot resolve the stalemate or impasse, the matter may be submitted to the Members for a vote, as provided in Section 5.5, but the matter need not be submitted to the Members for a vote in order for a Stalemate to exist.

  • In the event the Management Committee is unable to get a quorum for a meeting or is deadlocked on any issue, a member may request that the Stalemate or impasse be resolved by appeal to the principal executive officers of the members who shall then attempt to resolve the Stalemate or impasse.

  • In the event the members' principal executive officers cannot resolve the Stalemate or impasse, the matter need not be submitted again to the Management Committee for a vote.


More Definitions of Stalemate

Stalemate means that a matter has been submitted to the Members or the Management Committee for approval and the Members or the Management Committee, respectively, have been unable to obtain the unanimous vote or Consent of the Members or the Management Committee, respectively, required for such matter, or any other matter with respect to which a Member may declare that a Stalemate exists pursuant to the terms hereof.
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Stalemate has the meaning set forth in Section 5.1(d)
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Stalemate means that a matter described in Sections 5.4(a)(i) through (xii) has been (i) submitted to the Management Committee for its authorization and it has been unable to obtain the affirmative vote of a majority of its members, and (ii) submitted to the Chief Executive Officer of the Members to resolve the stalemate of the Management Committee, but they have been unable to agree within ten (10) days of submission of the matter to them.
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Related to Stalemate

  • Medicine means a medicine as defined in section 1 of the Medicines and Related Substances Control Act, 2003 (Act No. 13 of 2003);

  • Stalk means a knowing or an intentional course of conduct involving repeated or continuing harassment of another person that would cause a reasonable person to feel terrorized, frightened, intimidated, or threatened and that actually causes the victim to feel terrorized, frightened, intimidated, or threatened. The term does not include statutorily or constitutionally protected activity.

  • Cook means an employee who grills food on a salamander, stove, hot plate or barbecue type cooker and shall include preparing, frying or cooking fish or chicken or cooking pizzas.

  • TELRIC means Total Element Long-Run Incremental Cost.

  • E-cigarette means any electronic oral device, such as one composed of a heating element and battery or electronic circuit, or both, which provides a vapor of nicotine or any other substances, and the use or inhalation of which simulates smoking. The term shall include any such device, whether manufactured, distributed, marketed, or sold as an e-cigarette, e-cigar, and e-pipe or under any other product, name, or descriptor.

  • County highway means a public road that is constructed and

  • Inmate means a male or female offender who is committed, under sentence to or confined in a penal or correctional institution.

  • Telemedicine means the exchange of medical information from one site to another via electronic communications for the purpose of providing patient care, treatment, and services.

  • JetBrains or “We” means JetBrains s.r.o., having its principal place of business at Xx Xxxxxxxxx XX 0000/00, Xxxxxx, 00000, Xxxxx Xxxxxxxx, registered in the Commercial Register maintained by the Xxxxxxxxx Xxxxx xx Xxxxxx, Xxxxxxx X, Xxxx 00000, ID. No.: 265 02 275.

  • Forest means an area of land defined by the minimum values for area size, tree crown cover or an equivalent stocking level, and potential tree height at maturity at the place of growth of the trees as specified for each Member State in Annex II. It includes areas with trees, including groups of growing, young, natural trees, or plantations that have yet to reach the minimum values for tree crown cover or an equivalent stocking level or minimum tree height as specified in Annex II, including any area that normally forms part of the forest area but on which there are temporarily no trees as a result of human intervention, such as harvesting, or as a result of natural causes, but which area can be expected to revert to forest;

  • SITC means the Standard International Trade Classification, Revision 3 (SITC, Rev. 3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev. 3 (1986);

  • Chinese Medicine Practitioner means a Chinese medicine practitioner who is duly registered with the Chinese Medicine Council of Hong Kong pursuant to the Chinese Medicine Ordinance (Cap. 549) of the laws of Hong Kong, but excluding the Insured Person, the Policyholder, an insurance intermediary, an employer, employee, Immediate Family Member or business partner of the Policyholder and/or Insured Person.

  • Community mental health center or "CMHC" means a facility offering a comprehensive array of community-based mental health services, including but not limited to, inpatient treatment, outpatient treatment, partial hospitalization, emergency care, consultation and education; and, certain services at the option of the center, including, but not limited to, prescreening, rehabilitation services, pre-care and aftercare, training programs, and research and evaluation.

  • Heliport means an aerodrome or a defined area on a structure intended to be used wholly or in part for the arrival, departure and surface movement of helicopters;

  • Professional Sports means a sport, which would remunerate a player in excess of 50% of his or her annual income as a means of their livelihood.

  • Youth Football means those participating at ages under 11s to under 18s.

  • Ethanol means a high octane gasoline blend stock that is used to make various grades of gasoline.

  • State Forester means the State Forester or the duly authorized representative of the State Forester.

  • Practice of medicine or osteopathic medicine means the prevention, diagnosis and treatment of

  • Anatomical gift means a donation of all or part of a human body to take effect after the donor's death for the purpose of transplantation, therapy, research, or education.

  • CCASS means the Central Clearing and Settlement System established and operated by HKSCC or any successor system operated by HKSCC or its successors.

  • Roomer means a person occupying a dwelling unit that lacks a major bathroom or kitchen facility, in a structure where one or more major facilities are used in common by occupants of the dwelling unit and other dwelling units. Major facility in the case of a bathroom means toilet, or either a bath or shower, and in the case of a kitchen means refrigerator, stove or sink.

  • Service Company means any entity employed by the Custodian or the Distributor, including the transfer agent for the Fund(s), to perform various administrative duties of either the Custodian or the Distributor. In any case where there is no Service Company, the duties assigned hereunder to the Service Company will be performed by the Distributor (if any) or by an entity that has a contract to perform management or investment advisory services for the Fund(s).

  • Cosmetology means any one and/or combination of practices generally and usually performed by and known as the occupation of beauty culturalist, cosmeticians, cosmetologists or hairdressers or any person holding him or herself out as practicing cosmetology in or upon a place or premises. Cosmetology shall include, but otherwise not be limited to, the following: embellishing, arranging, dressing, curling, waving, cleansing, beautifying, cutting, singeing, bleaching, coloring, or similar work upon the hair of any person by any means and with hands or mechanical or electrical apparatuses, devices or appliances or by use of cosmetic preparations, antiseptics, tonics, lotions, creams or otherwise, massaging, cleansing, stimulating, manipulating, exercising, beautifying or similar work, the scalp, face, neck, arms, hands, bust or upper part of the body, or manicuring, pedicuring or sculpting the nails of any person.

  • Depot means a depot in respect of which the Franchisee has entered into a Depot Lease;

  • cogeneration means the simultaneous generation in one process of thermal energy and electrical or mechanical energy;