Common use of Declaration of Impasse Clause in Contracts

Declaration of Impasse. If, at the meeting contemplated in SECTION 6.2, the Shareholders are unable to agree on a course of action to address the reason for the meeting, any Shareholder may declare an impasse ("IMPASSE") by giving written notice to the other Shareholder (an "IMPASSE NOTICE"). Within twenty (20) days after receipt of such Impasse Notice, the CEOs shall meet in a good faith effort to reach accords that will end the Impasse. If a decision is not made by common accord that ends the Impasse within thirty (30) days after the date that the CEOs meet, either Shareholder may declare a final Impasse ("FINAL IMPASSE") by written notice to the other Shareholder. Notwithstanding anything in this Agreement to the contrary, if either CEO refuses to meet with the other CEO, either Shareholder may immediately invoke the provisions of SECTION 6.4.

Declaration of Impasse. If, at the meeting contemplated in SECTION 6.2, the Shareholders are unable to agree on a course of action to address the reason for the meeting, any Shareholder may declare an impasse ("IMPASSE") by giving written notice to the other Shareholder (an "IMPASSE NOTICE"). Within twenty (20) days after receipt of such Impasse Notice, the CEOs CEO of each Shareholder shall meet in a good faith effort to reach accords that will end the Impasse. If a decision is not made by common accord that ends the Impasse within thirty (30) days after the date that the CEOs meet, either Shareholder may declare a final Impasse ("FINAL IMPASSE") by written notice to the other Shareholder. Notwithstanding anything in this Agreement to the contrary, if either CEO refuses to meet with the other CEO, either Shareholder may immediately invoke the provisions of SECTION 6.4.

Declaration of Impasse. If, at the meeting contemplated in SECTION 6.2, the Voting Shareholders are unable to agree on a course of action to address the reason for the meeting, any Voting Shareholder may declare an impasse ("IMPASSE") by giving written notice to the other Voting Shareholder (an "IMPASSE NOTICE"). Within twenty (20) days after receipt of such Impasse Notice, the CEOs shall meet in a good faith effort to reach accords that will end the Impasse. If a decision is not made by common accord that ends the Impasse within thirty (30) days after the date that the CEOs meet, either Voting Shareholder may declare a final Impasse ("FINAL IMPASSE") by written notice to the other Voting Shareholder. Notwithstanding anything in this Agreement to the contrary, if either CEO refuses to meet with the other CEO, either Voting Shareholder may immediately invoke the provisions of SECTION 6.4.