Amicable Settlement definition

Amicable Settlement. The Parties shall use their best efforts to settle amicably any dispute, controversy or claim arising out of, or relating to this Purchase Order or the breach, termination or invalidity thereof. Where the Parties wish to seek such an amicable settlement through conciliation, the conciliation shall take place in accordance with the UNCITRAL Conciliation Rules then obtaining, or according to such other procedure as may be agreed between the Parties. • Arbitration: Unless, any such dispute, controversy or claim between the Parties arising out of or relating to this Purchase Order or the breach, termination or invalidity thereof is settled amicably under the preceding paragraph of this Section within sixty (60) days after receipt by one Party of the other Party's request for such amicable settlement, such dispute, controversy or claim shall be referred by either Party to arbitration in accordance with the UNCITRAL Arbitration Rules then obtaining, including its provisions on applicable law. The arbitral tribunal shall have no authority to award punitive damages. The Parties shall be bound by any arbitration award rendered as a result of such arbitration as the final adjudication of any such controversy, claim or dispute.
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Amicable Settlement. All disputes arising out of or in connection with this Joint Study Agreement or its performance, including the validity, scope, meaning, construction, interpretation or application hereof, shall to the extent possible be settled amicably by negotiation and discussion between PARTIES.
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Amicable Settlement. Any dispute, controversy, difference or claim arising out of or relating to this Agreement or the breach, termination or validity thereof, shall at the first instance be mutually settled between GAIL and IGX/Buyer, within a period of 30 days after giving notice by GAIL to IGX/Buyer or vice-versa.
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Examples of Amicable Settlement in a sentence

  • Either Party may then refer the dispute to be resolved in terms of dispute resolution mechanism set out in Clause 18.3 (Amicable Settlement) and 18.4 (Arbitration).

  • Amicable Settlement 56.1 The Parties shall seek to resolve any dispute amicably by mutual consultation.

  • Unless the Contract has already been repudiated or terminated, the Contractor shall, in every case, continue to proceed with the works with all due diligence and the Contractor and the Employer shall give effect forthwith to every such decision of the Engineer unless and until the same shall be revised, as hereinafter provided, in an Amicable Settlement, Adjudicator’s or Arbitrator’s award.

  • Unless the Contract has already been repudiated or terminated, the Contractor shall, in every case, continue to proceed with the works with all due diligence and the Contractor and the Employer shall give effect forthwith to every such decision of the Engineer unless and until the same shall be revised, as hereinafter provided, in an Amicable Settlement, Adjudicator‟s or Arbitrator‟s award.

  • Amicable Settlement: UNDP and the Individual contractor shall use their best efforts to amicably settle any dispute, controversy or claim arising out of the Individual Contract or the breach, termination or invalidity thereof.

  • Amicable Settlement The Parties shall seek to resolve any dispute amicably by mutual consultation.

  • In the event the Parties are unable to resolve the dispute through an Amicable Settlement pursuant to the above, the Dispute may be referred by either of the Parties to arbitration in accordance with the UNCITRAL Arbitration Rules then in effect.

  • After exhausting the internal means of recourse and if the disagreement persists after the response given by the guaranteed service, the person concerned may refer the matter to the consumer law mediator: MEDICYS - Centre for Mediation and Amicable Settlement of Judicial Officers - 00, xxxxxxxxx xx Xxxxxx - 00000 Xxxxx or xxx.xxxxxxx.xx.

  • The Amicable Settlement Facilitator shall endeavor to assist the Parties to settle the Dispute by agreement.

  • The person signing this Agreement on behalf of each Party warrants having authority to bind that Party and all other persons present on that Party’s behalf during the Amicable Settlement procedure and to observe the terms of this Agreement, and also having authority to bind that Party to the terms of any settlement.


More Definitions of Amicable Settlement

Amicable Settlement. All disputes arising out of or in connection with this Joint Study Agreement or its performance, including the validity, scope, meaning, construction, interpretation or application hereof, shall to the extent possible be settled amicably by negotiation and discussion between PARTIES. 10.3 Arbitration: Any disputes not settled by amicable Joint Study Agreement shall be finally settled by arbitration under the rules of Arbitration of the Indonesian National Arbitration Board (Badan Arbitrase Nasional Indonesia-BANI), such arbitration to be conducted in Indonesian Language in Jakarta, Indonesia. The arbitration award shall be final and binding. ARTICLE 11 FORCE MAJEURE 11.1 If any PARTY is unable, wholly or in part, by reason of Force Majeure to perform or comply with any obligation under this Joint Study Agreement, then such PARTY's obligation that is affected shall be suspended during the continuance of the event of Force Majeure. 11.2 Force Majeure shall include, but not limited: A change in the laws, regulations or instructions issued by the Government of the Republic of Indonesia, fire, explosion, earthquake, hurricane, heavy rains, flood, insurrection, riots, war, blockade, labor conflict, strike or epidemics which have direct effect on this Joint Study Agreement. 11.3 Any PARTY that is affected by an event of Force Majeure shall notify the other PARTY in writing within seven (7) days of occurrence of the Force Majeure event, and the receiving PARTY shall respond its acknowledgment not later than seven (7) days after receiving such notice. ARTICLE 12 TERMINATION This Joint Study Agreement may be terminated before it is expired in accordance to Article-3 above, in the event: 12.1 If after one (1) month from the Effective Date of this Joint Study Agreement, Project Team has not commenced the Feasibility Study as specified in Article-2 above without justifiable reasons. Therefore each PARTY may independently consider terminating this Joint Study Agreement. In order to terminate this Joint Study Agreement, the proposing PARTY shall notify the other PARTY, in writing, thirty (30) days prior the proposed date of termination. 12.2 If both PARTIES consider the result of the Joint Study is not worthwhile or not approved by the respective boards of directors and/or boards of commissioners of the PARTIES then RENTECH or PERTAMINA may terminate this Joint Study Agreement by giving notification to the other PARTY, in writing, thirty (30) days prior the proposed date...
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Amicable Settlement. The Parties shall use their best efforts to settle amicably all disputes arising out of or in connection with the Contract or its interpretation.
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Amicable Settlement shall have the meaning ascribed to it in Clause 55.1 (Amicable Settlement);
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Related to Amicable Settlement

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • Resettlement means the impact of an involuntary taking of land under the Project, which taking causes affected persons to have their: (i) standard of living adversely affected; or (ii) right, title or interest in any house, land (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, temporarily or permanently; or (iii) access to productive assets adversely affected, temporarily or permanently; or (iv) business, occupation, work or place of residence or habitat adversely affected, temporarily or permanently.

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Final Settlement Date has the meaning set forth in Section 3.1(e).

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Settlement Notice has the meaning specified in Section 14.02(a)(iii).

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Remarketing Settlement Date means (i) in the case of a Successful Optional Remarketing, (x) if the remarketed Notes are priced before 4:30 p.m. New York City time on the Optional Remarketing Date for such Successful Optional Remarketing, the third Business Day immediately following such Optional Remarketing Date and (y) otherwise, the fourth Business Day following the relevant Optional Remarketing Date, and (ii) in the case of a Final Remarketing, the Purchase Contract Settlement Date.