Common use of Initiation of the Procedure Clause in Contracts

Initiation of the Procedure. A Party seeking to utilize these procedures (the “Initiating Party”) shall give written notice to the other Party or Parties, describing briefly the nature of the dispute and its claim and identifying an individual with authority to settle the dispute on its behalf. The Party receiving such notice (the “Responding Party”) shall have ten days within which to designate, in a written notice given to the Initiating Party, an individual with authority to settle the dispute on its behalf. The individuals so designated shall be known as the “Authorized Individuals.”

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Vanguard Health Systems Inc), Purchase and Sale Agreement (Vanguard Health Systems Inc)

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Initiation of the Procedure. A Party seeking to utilize these procedures (the "Initiating Party") shall give written notice to the other Party or Parties, describing briefly the nature of the dispute and its claim and identifying an individual with authority to settle the dispute on its behalf. The Party receiving such notice (the "Responding Party") shall have ten days within which to designate, in a written notice given to the Initiating Party, an individual with authority to settle the dispute on its behalf. The individuals so designated shall be known as the "Authorized Individuals."

Appears in 2 contracts

Samples: Asset Purchase Agreement (VHS of Phoenix Inc), Purchase and Sale Agreement (Vanguard Health Systems Inc)

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Initiation of the Procedure. A Party party seeking to utilize initiate these procedures (the “Initiating Party”) shall give written notice to the other Party party or Partiesparties, describing briefly the nature of the dispute and its claim and identifying an individual with authority to settle the dispute on its behalf. The Party party receiving such notice (the “Responding Party”) shall have ten days within which to designate, in a written notice given to the Initiating Party, an individual with authority to settle the dispute on its behalf. The individuals so designated shall be known as the “Authorized Individuals.”

Appears in 1 contract

Samples: Asset Purchase Agreement (Vanguard Health Systems Inc)

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