Common use of Submission to Dispute Resolution Clause in Contracts

Submission to Dispute Resolution. (i) In the case of a dispute relating to a Conversion Price, the Optional Redemption Price or the Forced Redemption Price (as the case may be) (including a dispute relating to the determination of any of the foregoing), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail or otherwise (A) if by the Company, within five (5) Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder within five (5) Business Days after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to promptly resolve such dispute relating to such Conversion Price or such Redemption Price (as the case may be), at any time after the second (2nd) Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Company shall select an independent, reputable investment bank acceptable to the Holder, acting reasonably, to resolve such dispute and the Company shall promptly send written confirmation of such joint selection to the Holder.”

Appears in 2 contracts

Samples: Convertible Note (Li-Cycle Holdings Corp.), Convertible Note (Li-Cycle Holdings Corp.)

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Submission to Dispute Resolution. (i) In the case of a dispute relating to a Conversion PricePrice or the arithmetic calculation of a Conversion Rate, the Optional Redemption Price or the Forced Redemption Price (as the case may be) (including a dispute relating to the determination of any of the foregoing), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail or otherwise (A) if by the Company, within five (5) Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder within five (5) Business Days after the Holder learned of the circumstances giving rise to such dispute. If the Exhibit A Holder and the Company are unable to promptly resolve such dispute relating to such Conversion Price or the arithmetic calculation of such Conversion Rate or such Redemption Price (as the case may be), at any time after the second (2nd) Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Company shall select an independent, reputable investment bank acceptable to the Holder, acting reasonably, to resolve such dispute and the Company shall promptly send written confirmation of such joint selection to the Holder.

Appears in 1 contract

Samples: Note Purchase Agreement (Li-Cycle Holdings Corp.)

Submission to Dispute Resolution. (i) In the case of a dispute relating to a Conversion Price, the Optional Redemption Price fair market value or the Forced arithmetic calculation of the applicable Redemption Price (as the case may be) (including including, without limitation, a dispute relating to the determination of any of the foregoing), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail or otherwise (A) if by the Company, within five two (52) Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder within five (5) Business Days at any time after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to promptly resolve such dispute relating to such Conversion Price fair market value, or the arithmetic calculation of such applicable Redemption Price (as the case may be), at any time after the second (2nd) Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Company shall Holder may, at its sole option, select an independent, reputable investment bank acceptable to the Holder, acting reasonably, to resolve such dispute and the Company shall promptly send written confirmation of such joint selection to the Holderdispute.

Appears in 1 contract

Samples: Waiver and Amendment Agreement (Aclarion, Inc.)

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Submission to Dispute Resolution. (i) In the case of a dispute relating to a Conversion the Exercise Price, the Optional Redemption Price Market Price, VWAP, or fair market value or the Forced Redemption Price arithmetic calculation of the number of Shares issuable pursuant to this Warrant (as the case may be) (including including, without limitation, a dispute relating to the determination of any of the foregoing), the Company or the Holder (as the case may be) shall submit the dispute to the other party via electronic mail or otherwise email (A) if by the Company, within five (5) Business Days business days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder Holder, within five (5) Business Days business days after the Holder learned of the circumstances giving rise to such dispute. If the Holder and the Company are unable to promptly resolve such dispute relating to such Conversion Price Exercise Price, such Market Price, VWAP, or such Redemption Price fair market value or such arithmetic calculation of the number of Shares issuable pursuant to this Warrant (as the case may be), at any time after the second (2nd) Business Day business day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Company shall and the Holder may jointly select an independent, reputable investment bank acceptable to the Holder, acting reasonably, accounting firm to resolve such dispute and the Company shall promptly send written confirmation of such joint selection to the Holderdispute.

Appears in 1 contract

Samples: Inspirato Inc

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