Common use of Dispute Resolution and Escalation Clause in Contracts

Dispute Resolution and Escalation. 1. The Eurosystem and the Contracting CSD shall attempt to resolve disputes involving: (a) the Eurosystem and the Contacting CSD, or, as the case may be, (b) the Eurosystem, the Contracting CSD and one or more Participating CSDs, and which arise out of or relate to this Agreement, any Parallel Framework Agreements or the provision or use of the T2S Services, in a constructive manner that reflects their respective concerns and legitimate in- terests. The first attempt to resolve a dispute shall be, as soon as the circumstances allow, through negotiations between the Eurosystem, the Contracting CSD and, as the case may be, the involved Participating CSDs.

Appears in 4 contracts

Samples: T2s Framework Agreement, T2s Framework Agreement, T2s Framework Agreement

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