SOLUTION OF CONTROVERSIES Sample Clauses

SOLUTION OF CONTROVERSIES. Disagreements or controversies on any matters arising under the TSD chapter are solved by using the governmental bodies (Trade and Sustainable Development or the Trade Committees), government-to-government consultations and a mechanism for impartial assessment of serious issues through an independent Panel of Experts and the publication of a public report with recommendations. The report can serve as a catalyst for further dialogue between the Parties and for civil society to take up through their dialogue with the Parties.
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SOLUTION OF CONTROVERSIES. In the event of controversies between the Parties under this Contract, the Parties will abide by the following:
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SOLUTION OF CONTROVERSIES. Any discrepancy derived from the interpretation or application of the present Agreement shall be settled by “the Parties” by common consent.
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SOLUTION OF CONTROVERSIES. Any controversy about the application or interpretation of the provisions of this Agreement shall be subject to a solution process agreed upon by the IAI and the Government, in accordance with international law.
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SOLUTION OF CONTROVERSIES. All controversy about the reach, effects, interpretations or other matters related to the present Understanding that could arise between the signatory parties will be solved by means of direct negotiation.
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SOLUTION OF CONTROVERSIES. This Agreement has been negotiated, written, and signed in accordance with the laws of Peru, and its contents, interpretation, execution, and all other consequences that derive from this Agreement will be regulated by the Laws of the Republic of Peru. Any difference, controversy, or claim resulting from this Agreement, or related to this Agreement, such as its interpretation, compliance, resolution, termination, efficacy or validity that may arise between PERUPETRO S.A. and the Company (BPZ) will be resolved in the first place by means of a Conciliation Committee, which will be made up of three members, one designated by each Party and the third member elected by the two members chosen by the Parties. In the event that the controversy cannot be resolved by the Conciliation Committee, PERUPETRO S.A. and the Company (BPZ) have agreed to submit the matter to National Juridical Arbitration, which will consist of three (3) Arbitrators, to be elected from among the arbitrators listed by the National Juridical Institute of Mining and Petroleum, from which PERUPETRO S.A. and the Company will each designate one arbitrator, and the third arbitrator will be designated by the other two already designated. For the resolution of differences, controversy, or claim submitted to arbitration, the Arbitrators will apply the laws of the Republic of Peru. The final decision [laudo] of the Arbitrators is final, obligatory, and of immediate execution. Both PERUPETRO S.A. and the Company have renounced any recourse to appeal or impugn the laudo issued by the Arbitrators. The recourse to Annulment against the Arbitrators' final decision or laudo will be possible only in accordance with existing provisions of the law. Clause 13—Responsibility The Company (BPZ) will be exclusively responsible for the execution of the obligations under this Agreement, and also for complying with all existing current legislation, as well as with the future laws that may be issued for the protection of the environment. The Company (BPZ) is responsible for any damages inflicted on PERUPETRO S.A. or any third parties, as a consequence of the work to be done to comply with the obligations imposed by this Agreement, and the Company should cover all the costs and expenses that would be required to correct or repair any damage, without prejudice against any corresponding indemnification.
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SOLUTION OF CONTROVERSIES. 16.1 Without prejudice to the provisions of the present CUSD on the process of DISTURBANCE ANALYSIS, the solution of the other controversies between the PARTIES shall observe the provisions of this Article.
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SOLUTION OF CONTROVERSIES. The parties agree that this Instrument is a product of good faith, so that any controversy and interpretation arising therefrom, regarding its operation, formalization and compliance, will be resolved by the Technical Evaluation and Monitoring Commission indicated in the Article VII of this Instrument.
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SOLUTION OF CONTROVERSIES. Any difference resulting from the interpretation or application of the present instrument will be solved by the Parties by common agreement.
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Related to SOLUTION OF CONTROVERSIES

  • Disputes In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the number of Warrant Shares issuable in connection with any exercise, the Company shall promptly deliver to the Holder the number of Warrant Shares that are not disputed.

  • Governing Law; Disputes In view of the fact that: (i) the Purchaser was formed pursuant to the laws of the State of New York; (ii) the Company was formed pursuant to the laws of the State of Delaware ; (iii) the principal place of business of the Purchaser is located in the State of New York; (iv) the principal place of business of the Company is located in the State of Arizona; (v) the Purchaser does business throughout the United States; (vi) the Company contemplates doing business in North Dakota and other states; (vii) the principal place of business of the Escrow Agent is located in the State of New York; and (viii) all services pursuant to this Escrow Agreement will be performed in the State of New York, in order to avoid the question of which state law shall be applicable, the Parties agree that: This Escrow Agreement shall in all respects be construed, governed, applied and enforced in accordance with the laws of the State of New York and be deemed to be an agreement entered into in the State of New York and made pursuant to the laws of the State of New York, without giving effect to the principles of conflicts of law. Moreover, the Parties agree that pursuant to Section 5-1401 of the General Obligations Law of New York, if applicable, this Escrow Agreement shall in all respects be construed, governed, applied and enforced in accordance with the laws of the State of New York and be deemed to be an agreement entered into in the State of New York and made pursuant to the laws of the State of New York, without giving effect to the principles of conflicts of law. The Parties hereby consent to and submit to the exclusive jurisdiction of the courts of the State of New York, County of New York, as properly having venue in any action or proceeding in relation to this Escrow Agreement. The Parties hereby waive personal service of any and all process and specifically consent that in any such action or proceeding brought in the courts of the State of New York, County of New York, any service of process may be effectuated upon any of them by certified mail, return receipt requested. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. The parties hereby knowingly, voluntarily and intentionally waive (to the extent permitted by applicable law) any right he, she or it may have to a trial by jury of any dispute arising under or relating to this Escrow Agreement and agree that any such dispute shall, at the option of any party, be tried before a judge sitting without a jury.

  • Resolution of Disputes Any dispute or disagreement which may arise under, or as a result of, or in any way related to, the interpretation, construction or application of this Agreement shall be determined by the Committee. Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Company for all purposes.

  • Arbitration of All Disputes Any controversy or claim arising out of or relating to this Agreement or the breach thereof shall be settled by arbitration in Chicago, Illinois, in accordance with the laws of the State of Illinois, by three arbitrators appointed by the parties. If the parties cannot agree on the appointment of the arbitrators, one shall be appointed by the Company and one by the Executive and the third shall be appointed by the first two arbitrators. If the first two arbitrators cannot agree on the appointment of a third arbitrator, then the third arbitrator shall be appointed by the Chief Judge of the United States Court of Appeals for the Seventh Circuit. The arbitration shall be conducted in accordance with the rules of the American Arbitration Association, except with respect to the selection of arbitrators which shall be as provided in this paragraph 12. Judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction thereof. In the event that it shall be necessary or desirable for the Executive to retain legal counsel or incur other costs and expenses in connection with enforcement of his rights under this Agreement, the Company shall pay (or the Executive shall be entitled to recover from the Company, as the case may be) his reasonable attorneys' fees and costs and expenses in connection with enforcement of his rights (including the enforcement of any arbitration award in court). Payments shall be made to the Executive at the time such fees, costs and expenses are incurred. If, however, the arbitrators shall determine that, under the circumstances, payment by the Company of all or a part of any such fees and costs and expenses would be unjust, the Executive shall repay such amounts to the Company in accordance with the order of the arbitrators. Any award of the arbitrators shall include interest at a rate or rates considered just under the circumstances by the arbitrators.

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