Common use of Step Process Clause in Contracts

Step Process. Any Dispute while Tenant is no longer Pharmacia Corporation or an affiliated entity controlled by, controlling or under common control with Pharmacia Corporation or Landlord is no longer Monsanto Company or an affiliated entity controlled by, controlling or under common control with Monsanto Company, shall be resolved by binding arbitration. Each party agrees that the procedures set forth in this section 15.16 shall be the exclusive means for resolution of any Dispute. The ------------- initiation of arbitration hereunder will toll the applicable statute of limitations for the duration of any such proceedings.

Step Process. Any Dispute while Tenant is no longer Monsanto Company or an affiliated entity controlled by, controlling or under common control with Monsanto Company or Landlord is no longer Pharmacia Corporation or an affiliated entity controlled by, controlling or under common control with Pharmacia Corporation or Landlord is no longer Monsanto Company or an affiliated entity controlled by, controlling or under common control with Monsanto CompanyCorporation, shall be resolved by binding arbitration. Each party agrees that the procedures set forth in this section 15.16 shall be the exclusive means for resolution of any Dispute. The ------------- initiation of arbitration hereunder will toll the applicable statute of limitations for the duration of any such proceedings.-------