Negotiating Period Sample Clauses
The Negotiating Period clause defines a specific timeframe during which the parties must engage in discussions to resolve certain issues or finalize terms. Typically, this period begins upon the occurrence of a triggering event, such as the delivery of a notice or the identification of a dispute, and lasts for a set number of days. By establishing a clear window for negotiations, this clause ensures that both parties are committed to timely and structured communication, helping to prevent unnecessary delays and encouraging resolution before escalation to formal proceedings.
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Negotiating Period. The "Negotiating Period" under this Agreement is comprised of (i) an initial period of twelve months, beginning on the Effective Date, and, (ii) if agreed to by the parties in writing, three six-month renewal periods. The County’s Director of Conservation and Development (the “Director”) will make the determination for the County with respect to whether the Negotiating Period will be extended through the renewal periods. The Director’s decision will be based on his reasonable judgment as to whether sufficient progress has been made toward a mutually acceptable DDA to merit further negotiations.
a. Subject to Section 2.b. below, if a DDA is not executed by the parties prior to the expiration of the Negotiating Period, this Agreement will terminate and neither party will have any further rights or obligations under this Agreement (with the exception of Section 22 (waiver of lis pendens), Section 23(d) (indemnity) and Section 25 (no commissions), all of which survive the termination of this Agreement). Upon the execution of a DDA by the County and the Developer, this Agreement will terminate and all rights and obligations of the parties with respect to the Development will be governed by the DDA.
b. Notwithstanding anything to the contrary in this Agreement, if at the end of the Negotiating Period, a form of DDA has been mutually agreed upon by the Developer and the Director but the DDA has not been approved by the parties’ governing bodies, the Director may extend the Negotiating Period to the date on which the County holds a public hearing to consider approving the DDA.
Negotiating Period. The Parties agree to negotiate diligently and in good faith with one another for a ninety (90) day period commencing upon the Effective Date of this Agreement (as hereinafter defined in Section 18) (the “Negotiating Period”), in order to agree upon a mutually acceptable Definitive Agreement.
Negotiating Period. The exclusive negotiating period (the "Negotiating Period") under this Agreement shall commence as of the Effective Date and shall expire at 12:01 am (CDT) on May 30, 2017. If a DA has not been executed by the City and the Developer by the expiration of the Negotiating Period, then this Agreement shall terminate and neither Party shall have any further rights or obligations under this Agreement, except as provided in Sections 3.3 (Waiver of Lis Pendens), Section 3.4 (Right of Entry/Restoration) and Section 3.6 (No Commissions) which shall survive termination. If a DA is executed by the City and the Sonnenblick then, upon such execution, this Agreement shall terminate, and all rights and obligations of the Parties shall be as set forth in the executed DA.
Negotiating Period. The Parties agree to negotiate diligently and in good faith for a two and one-half (2-1/2) year period (the “Negotiating Period”) commencing upon the Effective Date of this ENA (as such term is defined in Section 17), in order to agree upon a mutually acceptable Definitive Agreement.
Negotiating Period. (a) The negotiating period (the "Negotiating Period") under this Agreement shall be nine (9) months, commencing on the Effective Date of this Agreement, subject to extension as set forth below and/or by mutual agreement of the Parties in writing (subject to the last sentence of this Section 1.2(a)). The Developer may extend the Negotiating Period twice, subject to the reasonable approval of the City Manager and provided that the Developer has demonstrated progress on meeting its performance obligations under this Agreement, each extension shall be for a period of three (3) months. The Developer shall deliver thirty (30) days prior written notice of the Developer's intent to exercise the extension ("Extension Notice"). Concurrently with the delivery of an Extension Notice, the Developer shall deliver a non-refundable extension payment of Ten Thousand Dollars ($10,000) (each, an "Extension Payment"). Each Extension Payment shall be entirely non-refundable upon delivery, but in the event the Developer and City enter into a DDA and the Developer acquires the Property from the City, the Extension Payments shall be credited against any cash purchase price paid by the Developer to the City. The Negotiating Period may be extended or modified beyond the extensions described in the second and third sentences of this paragraph only by formal action of the City Council.
(b) If a DDA has not been executed by the City and the Developer by the expiration of the Negotiating Period (as the Negotiating Period may be extended pursuant to the preceding paragraph), then this Agreement shall terminate and neither Party shall have any further rights or obligations under this Agreement, except that any provision of this Agreement that is specified to survive termination shall remain in effect. If a DDA is executed by the City and the Developer, then, upon execution of the DDA, this Agreement shall terminate, and all rights and obligations of the Parties shall be as set forth in the executed DDA. After execution of a DDA, any Extension Payments made by the Developer shall be credited against the cash purchase price at the closing under the DDA, pursuant to the terms thereof.
Negotiating Period. Negotiations will continue for a period of not more than sixty (60) school days exclusive of mediation or other impasse procedures, unless the parties mutually agree to extend the period for such negotiations.
Negotiating Period. Unless the parties mutually agree otherwise, the length of the negotiating period for any successor agreement shall be a maximum of sixty (60) days, exclusive of mediation or any impasse procedures, commencing with the initial agenda setting session. "
Negotiating Period. If either party hereto does not agree that the Further Programme(s) should be contracted on a fixed price, non budgeted basis or the parties have agreed to contract on a fixed price, non budgeted basis but failed to agree what the Channel 4 Licence Fee should be then the Producer shall then have a period of 2 months from receipt of the Recommission Notice to prepare and submit a full budget for such Further Programme(s). The Channel 4 Licence Fee for such Further Programme(s) shall thereafter be negotiated in good faith for up to three months commencing on the date a full budget is received by Channel 4 (“the Negotiating Period”). The Channel 4 Licence Fee negotiations shall take into account (where relevant) the price paid for the preceding Programme(s), the number of programmes being commissioned in comparison to the previous series, cast breakages (Channel 4 will expect ongoing options to be negotiated with cast/talent as appropriate), union rates, increases in national insurance and RPI. If, on expiry of the Negotiating Period, a price has not been agreed it may be extended by either side in writing in exceptional circumstances to allow for a further 3 months bona fide negotiations. Finally, on expiry of the Negotiating Period or extension, taking into account the factors above and provided that both parties have acted reasonably and have negotiated in good faith the Producer shall then be entitled to start to exploit Further Programme(s) in the Territory 12 months after expiry of the Negotiating Period or extension.
Negotiating Period. The Length of the negotiating period shall be at least sixty (60) work days commencing with the initial agenda setting session, unless a shorter period is mutually agreed to. “Days" as used in this procedure shall be any day Monday through Friday exclusive of negotiated or school observed holidays. During the summer recess "days" shall be taken to mean any day Monday through Friday exclusive of federally observed holidays, leave days, or vacation days of any party employed on a 12-month contract. All meeting dates will be set by mutual agreement.
Negotiating Period. If Genaissance notifies Sciona within [**] days after receipt of the notice described in Section 2.5(b) that Genaissance desires to negotiate an arrangement regarding the relevant Sciona Genetic Test, then for [**] days following Genaissance’s notice, Sciona will negotiate [**] with Genaissance on a good faith basis to reach a definitive agreement with Genaissance with respect to the Sciona Genetic Test. If Genaissance fails to provide written notice to Sciona as specified in this Section 2.5(c) or the Parties fail to reach agreement on the principal terms of such arrangement (including compensation) within [**] days after Genaissance provides Sciona with written notice, Sciona will be permitted to enter into negotiations and conclude an agreement with a Third Party, subject to Genaissance having a [**] day right of refusal to substantially match any agreement reached by Sciona and a Third Party.