Deadlock. In the event that the members cannot come to an agreement on any matter the members agree to submit the issue to mediation to be paid for by the limited liability company. In the event the mediation is unsuccessful, they agree to seek arbitration under the rules of the American Arbitration Association.
Appears in 5 contracts
Sources: Operating Agreement, Limited Liability Company Operating Agreement, Operating Agreement
Deadlock. In the event that the members cannot come to an agreement on any matter the that members agree that any member has the right to demand arbitration and that, upon such demand, they shall submit the issue to mediation to be paid for by the limited liability company. In the event the mediation is unsuccessful, they agree to seek arbitration under the rules of the American Arbitration Association.
Appears in 1 contract
Sources: Operating Agreement