Common use of Notification and Consultation Clause in Contracts

Notification and Consultation. The Disputing Party shall deliver written notice of such dispute to the other party within seven (7) Business Days after it was notified of the Original Determination (the “Dispute Notification Deadline”). Such notice shall specify the Original Determination, the Disputing Party’s proposed alternative decision, calculation or determination, and its reasoning, and any supporting data. • The parties shall attempt to resolve the dispute until the date falling seven (7) Business Days after the Dispute Notification Deadline. If the dispute is not resolved by such time, the parties shall follow the Dispute Resolution Procedures below.

Appears in 2 contracts

Samples: Put Option Agreement (Evenstar Capital Management LTD), Put Option Agreement (Evenstar Capital Management LTD)

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Notification and Consultation. The Disputing Party shall deliver written notice of such dispute to the other party within seven (7) Business Days after it was notified of the Original Determination (the “Dispute Notification Deadline”). Such notice shall specify the Original Determination, the Disputing Party’s proposed alternative decision, calculation or determination, and its reasoning, and any supporting data. • The parties shall attempt to resolve the dispute until the date falling seven (7) Business Days after the Dispute Notification Deadline. If the dispute is not resolved by such time, the parties shall follow the Dispute Resolution Procedures below.

Appears in 2 contracts

Samples: Put Option Agreement (Evenstar Capital Management LTD), Put Option Agreement (Evenstar Capital Management LTD)

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