Alternate Mechanism Clause Samples
The Alternate Mechanism clause establishes a backup process or method to be used if the primary procedure specified in the agreement cannot be followed. For example, if a contract requires a certain payment method or dispute resolution process and that method becomes unavailable or impractical, the clause outlines an alternative approach that the parties must use instead. This ensures continuity and prevents deadlock by providing a clear path forward when the original mechanism fails, thereby reducing uncertainty and minimizing potential disputes.
Alternate Mechanism. The Parties agree and undertake that, in case, pursuant to Law, the arrangements and understanding between the Parties as provided within this Agreement cannot be implemented, the Parties shall make best efforts and cooperate with each other for an alternative mechanism, compliant with Law, to achieve the same commercial objective of the Parties, as is set out within this Agreement, and agree to undertake all necessary steps and actions as may be required.
Alternate Mechanism. AHCS may establish an alternate mechanism to determine eligibility for grade level promotion. The alternate mechanism shall require a student to demonstrate proficiency of the appropriate content standards. All mechanisms established and used by AHCS to demonstrate proficiency will be forwarded to the State Department of Education. Alternate mechanisms will be re- submitted to the Department when changes are made to the mechanism.
Alternate Mechanism. To the extent that a party relies on a basis for international Data Transfers that is subsequently modified, revoked, or held in a court of competent jurisdiction to be invalid, the parties agree to cooperate in good faith to terminate promptly the transfer and to pursue an alternate mechanism that can lawfully support the transfer.
Alternate Mechanism. Subject to Applicable Law, the Parties agree that Network18 shall have the right to exercise the Option and subscribe to the Option Shares by way of an alternate mechanism, an example of which is set out below or any other mechanism to which the Parties may agree. Example - Network18 shall have the right to exercise the Option and subscribe to the Option Shares by paying a portion of the Subscription Price to the Company and by procuring its Affiliate in India to pay the INR equivalent of the balance Subscription Price to the Indian subsidiary of the Company. In order to give effect to such right, the Parties will enter into such agreements as may be necessary to give effect the exercise of the Option by Network18 as contemplated by this Clause 6A.