Common use of Remediation Plan Process Clause in Contracts

Remediation Plan Process. 11.1 If either Party (the "Innocent Party") is of the reasonable opinion that the other Party (the "Responsible Party") has committed any material breach(es) of this Agreement which is capable of remedy, then the Innocent Party may, acting reasonably, give a notice ("Remediation Notice") to the Responsible Party which shall:- 11.1.1 outline the breach(es); and 11.1.2 request the Responsible Party to produce a plan ("Remediation Plan") of the measures it proposes to take to remedy the relevant breach(es) and the reasonable timeline for taking such measures ("Cure Period"); 11.2 Within 10 Business Days of receipt of a Remediation Notice, the Responsible Party shall either:- 11.2.1 submit a draft Remediation Plan; or 11.2.2 notify the Innocent Party that it disputes responsibility for the matter(s) set out in the Remediation Notice and does not intend to submit a Remediation Plan. 11.3 Where the Responsible Party notifies the Innocent Party in accordance with Clause 11.2.2 the Innocent Party may either:- 11.3.1 withdraw the Remediation Notice; or 11.3.2 refer the matter to the dispute resolution procedure under Clause 17. 11.4 Where the Responsible Party provides a draft Remediation Plan pursuant to Clause 11.2, the Innocent Party shall within five (5) Business Days of receipt of the same either:- 11.4.1 approve the draft Remediation Plan; or 11.4.2 notify the Responsible Party that it does not accept the draft Remediation Plan (providing reasonable justifications for the same). 11.5 If the Innocent Party:-