Monetary Dispute definition

Monetary Dispute has the meaning set forth in Section 14.01(a).
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Examples of Monetary Dispute in a sentence

  • In order to reduce the amount of liquidated damages that a Delinquent Member would be required to pay to the Company pursuant to Section 14.03 in the event that such Delinquent Member loses in an Arbitration Proceeding with respect to a Monetary Dispute, the Delinquent Member shall be permitted to pay the Company the related Disputed Monetary Amount prior to the commencement of such Arbitration Proceeding.

  • In the event that NEWROADS and the COMPANY are unable to resolve the Monetary Dispute, then the amount in dispute shall be deposited into escrow with an escrow agent mutually acceptable to both NEWROADS and the COMPANY until such dispute is resolved in accordance with the Section of this Agreement entitled, Arbitration.

  • Within thirty (30) days after the date of delivery of the Notice of Dispute, the Senior Representatives representing the Parties shall meet at a mutually acceptable date, time and place to exchange relevant information in an attempt to resolve the Monetary Dispute.

  • In the event of any disagreement between the parties hereto about amounts claimed to be due or owing by one party to the other (a "Monetary Dispute"), such Monetary Dispute shall be submitted to a single neutral arbitrator in the following manner.

  • In the event that NCC and the Company are unable to resolve the Monetary Dispute, then the amount in dispute shall be deposited into escrow with an escrow agent mutually acceptable to both NCC and the Company until such dispute is resolved in accordance with Section 27 hereto.

  • In order -------------------------------------------- to reduce the amount of liquidated damages that a Delinquent Member would be required to pay to the Company pursuant to Section 14.03 in the event that such Delinquent Member loses in an Arbitration Proceeding with respect to a Monetary Dispute, the Delinquent Member shall be permitted to pay the Company the related Disputed Monetary Amount prior to the commencement of such Arbitration Proceeding.

  • Each Party irrevocably and unconditionally consents to such arbitration as the sole and exclusive method of resolving any Monetary Dispute.

  • The Notice of Dispute shall contain a brief statement of the nature of the Monetary Dispute and the relief requested and shall request negotiations among senior representatives of each Party who have authority to negotiate the settlement of the Monetary Dispute (“Senior Representatives”).

  • If a Notice of Dispute is given, the Parties shall first seek settlement of the Monetary Dispute by negotiation between Senior Representatives.

  • The party wishing to submit the Monetary Dispute (the "Demanding Party") shall so notify the other party (the "Responding Party") in writing, and shall state in such notice the final amount it demands in full satisfaction of the amount claimed due.

Related to Monetary Dispute

  • Labor dispute as used here, means a strike, lockout, or other labor dispute between the Employer and its Employees, during which time the Employee is not paid by the Employer.

  • Legal Dispute means any action, suit or proceeding between or among the Parties arising in connection with any disagreement, dispute, controversy or claim arising out of or relating to this Agreement or any related document.

  • Relevant Dispute means any difference between the parties arising out of or in connection with this contract; "Relevant Force Majeure Event" has the meaning ascribed to it in Clause 17.1;

  • Agreement Disputes shall have the meaning set forth in Section 10.1.

  • Dispute means any dispute, controversy, claim or difference of whatever nature arising out of, relating to, or having any connection with this Agreement, including a dispute regarding the existence, formation, validity, interpretation, performance or termination of this Agreement or the consequences of its nullity and also including any dispute relating to any non-contractual rights or obligations arising out of, relating to, or having any connection with this Agreement.