Mandatory Negotiations Sample Clauses
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Mandatory Negotiations. The parties to this Agreement agree they will attempt to negotiate in good faith any dispute of any nature arising under this Agreement. The parties shall negotiate in good faith at not less than two negotiation sessions of which at least one negotiation session is with the Commission prior to seeking a resolution of any dispute by any means under “Mandatory Mediation” and “Election to Begin Court Proceedings” of Article 22. Each party shall have the right to legal representation at any negotiation session. Mandatory Mediation: Any dispute or question arising under the provision of this Agreement which has not been resolved under the “Mandatory Negotiation” provision of Article 22 shall be submitted to non-binding mediation before one mediator agreed upon by the parties or appointed by the presiding Civil Judge for the Waterbury Judicial District. Mediation proceedings shall take place at any suitable location in Watertown, Connecticut or any contiguous Town and shall be conducted in the accordance with the rules for mediation then applicable of the Connecticut Bar Association. If an independent mediator is agreed upon by both parties, said independent mediator shall establish the rules and procedures of the mediation. Each party shall pay one-half of all common costs and expenses of such mediation. The parties shall use their best efforts to reach a good faith resolution of such dispute within ninety (90) days after commencement of the mediation proceedings. Any decision of the mediator is not binding upon the parties, except by written agreement of the parties. Election to Begin Court Proceedings: Provided the parties have completed the required “Mandatory Negotiations” proceedings and the “Mandatory Mediation” proceedings, either party may determine the mediator decision is not an appropriate means to settle the dispute. The parties thereafter shall have the right to commence judicial proceedings of Article 21 for the purpose of settling any such dispute. Legal Fees: Each party is responsible for their own legal fees incurred by Article 22, and may petition the Court to award their legal fees to be paid by the other party for legal fees incurred pursuant to Article 21.
Mandatory Negotiations. Upon timely delivery of a Defect notice, Buyer and Seller shall promptly meet and IN good faith use reasonable efforts to agree on the validity of the claim and the Defect Adjustment, if any, by which the Purchase Price should be adjusted. If the existence of a Defect, or the appropriate Defect Adjustment cannot be mutually agreed after Seller has completed any curative measures it deems appropriate, Buyer has the option to adjust the Purchase Price to account for the claimed Defect Adjustment(s) of any Subject Property pursuant to Subsection (d)(1) above,
Mandatory Negotiations. If a relocation agreement is not reached during the voluntary period, the ET licensee may initiate a manda- tory negotiation period. This manda- tory period is triggered at the option of the ET licensee, but ET licensees may not invoke their right to mandatory negotiation until the voluntary nego- tiation period has expired.
Mandatory Negotiations. The Parties shall promptly attempt to resolve any Dispute by negotiations between Buyer and Seller (or their Affiliates). Either Buyer or Seller may give the other party written notice of any Dispute not resolved in the normal course of business. Representatives of Buyer (who may include the CEO or the CFO of Parent) and Seller (who may include the Chairman of Seller) shall meet at a mutually acceptable time and place within 30 calendar days after delivery of such notice, and thereafter as often as they reasonably deem necessary, to exchange relevant information and to attempt to resolve the Dispute. If a negotiator intends to be accompanied at a meeting by legal counsel, the other negotiator shall be given at least three Business Days prior notice of such intention and may also be accompanied by legal counsel. If the Dispute has not been resolved by these Persons within 60 calendar days of the disputing party's notice, either Buyer or Seller may initiate binding arbitration as provided in Section 12.06(c) below.