Settlement Proceedings Sample Clauses
The Settlement Proceedings clause outlines the procedures and requirements for resolving disputes between parties through negotiation or alternative dispute resolution methods before resorting to litigation. Typically, this clause specifies steps such as written notice of the dispute, a period for good-faith negotiations, and possibly mediation or arbitration if initial talks fail. Its core practical function is to encourage amicable resolution of conflicts, reduce litigation costs, and provide a structured process for addressing disagreements.
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Settlement Proceedings. All aspects of any settlement proceedings, including discovery, testimony and other evidence, negotiations and communications pursuant to this Section 11.8, briefs and the award shall be held confidential by each Party and the arbitrators, and shall be treated as compromise and settlement negotiations for the purposes of the Federal and State Rules of Evidence.
Settlement Proceedings. If a proceeding is compromised or settled in a manner which imposes a liability or obligation upon a director or officer, (i) no indemnification shall be provided to him with respect to a proceeding by or in the right of the corporation unless the board of directors determines in its discretion that indemnification is appropriate under the circumstances, and (ii) no indemnification shall be provided to him with respect to any other type of proceeding if it is determined by the board of directors that said director or officer is ineligible to be indemnified under this Section 9. The determination by the board of directors in each case shall be made on the basis of the circumstances know to it at that time without further investigation.
Settlement Proceedings. In accordance to what is stated in §§ 7 and 13, as well as the lending amount, Eksportfinans shall for each lending prepare a repayment scheme for interest amounts and instalments (converted to Norwegian kroner, if applicable) for the entire term. Any balance between the amounts in the repayment scheme and the realised payments (converted in Norwegian kroner, if applicable) shall be debited or credited to the settlement account as described in § 13. Any currency balance shall be converted to Norwegian kroner in accordance with market rates and the principles provided in § 12. The Ministry will cover the balance if Eksportfinans’s realised lending costs (when the payments are converted to Norwegian kroner) are lower than the payments which Eksportfinans should have received according to the specifications in the repayment scheme. Eksportfinans shall cover the balance if the actual repayments exceed the specifications in the repayment scheme. The procedures in connection with registration of positive and negative balance on the settlement account are provided in § 13.
Settlement Proceedings. All aspects of any voluntary resolution or settlement of any Proceeding relating to this Agreement in any way, including the negotiations, communications, offers, statements and/or other documents provided to a mediator or otherwise used during mediation, and any executed settlement agreements, if any, pursuant to this Section 9.6 shall be held confidential, except to the extent required by applicable Law and except that the Parties may disclose such terms to their respective Representatives as necessary in connection with the ordinary conduct of their respective businesses (so long as such Persons agree to keep the terms of any settlement confidential), by each Party and shall be treated as compromise and settlement negotiations for the purposes of the federal and state rules of evidence.
Settlement Proceedings. All aspects of any settlement proceedings, including discovery, testimony and other evidence,
Settlement Proceedings. Based on the balance for each borrowing, the reference interest for borrowing provided in § 3 and all estimated non-recurring costs, a repayment scheme shall be prepared for interest amounts and instalments (converted to Norwegian kroner, if applicable) which shall be covered by Eksportfinans during the loan’s term. Any imbalance between the actual payments related to the payment of the loan and each amount in the repayment scheme (converted to Norwegian kroner, if applicable) shall be debited or credited to the settlement account as described in § 13. Any currency balance shall be converted to Norwegian kroner in accordance with market rates and the principles provided in § 12.