Arbitration Notice. If a Party elects to submit a dispute to arbitration, such Party shall serve an arbitration notice on the other Party. The arbitration notice shall contain a detailed description of the dispute, including the amount involved, the position of the Party serving the notice, the remedy sought and the name of one (1) independent arbitrator. Within twenty (20) days after receipt of an arbitration notice, the receiving Party shall send a notice to the other Party containing a detailed response to the claim giving the position of the Party and the remedy sought, and an acceptance of the arbitrator designated in the arbitration notice or a designation of a second arbitrator.
Appears in 4 contracts
Samples: Cogeneration Development Agreement, Facility Operations and Maintenance Agreement (Cogentrix Energy Inc), Cogeneration Development Agreement (Southern Co)
