Deadlock Arbitration definition
Examples of Deadlock Arbitration in a sentence
Notwithstanding the foregoing, the Members shall suspend the Deadlock Arbitration if a Member pursues a Transfer pursuant to Section 9.03 until the resolution thereof.
The seat, or legal place, of the Deadlock Arbitration shall be Tokyo, Japan, and the proceedings shall be conducted in Japanese.
If a Deadlock Arbitration Party fails to deliver a Settlement Proposal within such period, such Deadlock Arbitration Party shall be deemed to have waived its rights to submit a Settlement Proposal.
Any Deadlock Arbitration Party that fails to submit the name of a Qualified Person within such period shall be deemed to have waived its right to designate a Qualified Person.
If the Deadlock Arbitration Parties are unable to resolve such Deadlock within twenty (20) Days after the deadline for delivery of Settlement Proposals (or such longer period as may be agreed among the Deadlock Arbitration Parties), each Deadlock Arbitration Party shall submit the name of a Qualified Person in writing to each other Deadlock Arbitration Party.
No later than twenty (20) Days after the deadline for delivery of Issue Statements, each Deadlock Arbitration Party shall deliver to each other Deadlock Arbitration Party a written statement (a “Settlement Proposal”) of such Deadlock Arbitration Party’s proposed resolution of the Deadlock, which shall be limited to the issues set forth in the Issues Statements.
If the Deadlock has not been resolved within 30 days after appointment of a mediator pursuant to Section 2.2(b)(ii), a Member may commence an arbitration (“Deadlock Arbitration”) by delivering written notice to the other Member(s) stating its intent to commence such Deadlock Arbitration (“Arbitration Initiation Notice”).
Sections of the Partnership Agreement pertaining to Confidentiality; Force Majeure, Hardship; Disputes, Deadlock, Arbitration; Waiver; Governing Law; Severability of Provisions; Section Headings and References; Counterparts; and Amendments, respectively, are hereby incorporated herein by reference; provided that a waiver and amendment of this Agreement may also be effected as provided in the Partnership Agreement.
The Qualified Persons shall notify each Deadlock Arbitration Party of the name of the Deadlock Arbitrator promptly upon designation of such Deadlock Arbitrator.
If the individuals designated to resolve a Deadlock pursuant to Section 21.1.1 are unable to resolve such Deadlock within twenty (20) days of delivery of the Deadlock Notice, a Member may commence an arbitration pursuant to Section 21.2 (a “Deadlock Arbitration”) by delivering written notice to the other Member stating its intent to commence such Deadlock Arbitration.