Aggrieved Party Options Sample Clauses
The 'Aggrieved Party Options' clause defines the rights and remedies available to a party that has suffered harm or a breach under the agreement. Typically, this clause outlines specific actions the aggrieved party may take, such as demanding performance, seeking damages, or terminating the contract, depending on the nature and severity of the breach. By clearly specifying these options, the clause ensures that both parties understand the consequences of non-compliance and provides a structured process for addressing grievances, thereby reducing uncertainty and potential disputes.
Aggrieved Party Options. (i) If the notice is to seek ----------------------- review of a vote of the Management Committee, the Aggrieved Party's notice to the Management Committee shall invoke arbitration as described herein in its notice pursuant to paragraph B(1), and may also initiate mediation with the agreement of the Management Committee, while reserving such Party's right to proceed with the arbitration if mediation does not resolve the matter within 20 days of the giving of the Party's notice or such longer period as may be fixed by mutual agreement of the Management Committee and the Aggrieved Party. Notwithstanding the initiation of mediation, the arbitration proceeding shall proceed concurrently with the selection of the arbitrator pursuant to paragraph C(1) of this Section 21.1.
Aggrieved Party Options. (i) If the notice is to seek review of a vote of the Participants Committee, the Aggrieved Party's notice to the Participants Committee shall invoke arbitration as described herein in its notice pursuant to paragraph B(1), and may also initiate mediation with the agreement of the Participants Committee, while reserving such Party's right to proceed with the arbitration if mediation does not resolve the matter within 20 days of the giving of the Party's notice or such longer period as may be fixed by mutual agreement of the Participants Committee and the Aggrieved Party. Notwithstanding the initiation of mediation, the arbitration proceeding shall proceed concurrently with the selection of the arbitrator pursuant to paragraph C(1) of this Section 21.1.
(ii) If the notice is to seek review of an ISO action, the Participants Committee's notice to the ISO Board shall (subject to the concurrence of the ISO for actions relating to rulemaking as provided in Section 21.1A) invoke arbitration as described herein in its notice pursuant to paragraph B(1), and may also initiate mediation with the agreement of the ISO Board, while reserving the Participants Committee's right to proceed with the arbitration if mediation does not resolve the matter within 20 days of the giving of the Participants Committee's notice or such longer period as may be fixed by mutual agreement of the ISO Board and the Participants Committee. Notwithstanding the initiation of mediation, the arbitration proceeding shall proceed concurrently with the selection of the arbitrator pursuant to paragraph C(1) of this Section 21.1.
Aggrieved Party Options. (i) If the notice is to seek ----------------------- review of a vote of the Participants Committee, the Aggrieved Party's notice to the Participants Committee shall invoke arbitration as described herein in its notice pursuant to paragraph B(1), and may also initiate mediation with the agreement of the Participants Issued by: David T. Doot Effective: March 1, 2▇▇▇ ▇▇▇▇▇▇ ▇▇: December 30, 1999 67269.43 New England Power Pool FERC Electric Rate Schedule No. 5, Original Revised Sheet No. 265 Committee, while reserving such Party's right to proceed with the arbitration if mediation does not resolve the matter within 20 days of the giving of the Party's notice or such longer period as may be fixed by mutual agreement of the Participants Committee and the Aggrieved Party. Notwithstanding the initiation of mediation, the arbitration proceeding shall proceed concurrently with the selection of the arbitrator pursuant to paragraph C(1) of this Section 21.1.