Common use of Resolution of Deadlocks Clause in Contracts

Resolution of Deadlocks. In the event of a deadlock among the Managers with respect to any action to be taken, as declared in writing by either of the Managers, the deadlock may be resolved by agreement between all of the Members. Failing resolution by the Members, the Members shall enter into Arbitration as defined in Section 12 herein.

Resolution of Deadlocks. In the event of a deadlock among the Managers Members with respect to any action to be takenaction, as declared in writing by either any of the ManagersMembers, the deadlock may be resolved by agreement between all of the Membersmembers. Failing resolution by the Members, the Members shall enter into Arbitration as defined in Section 12 Article XII herein.