Budget Disputes Sample Clauses

Budget Disputes. If NEPOOL and the ISO cannot reach agreement by the first day of December in the then current Operating Year as to the budget, the final operating budget for the then current Operating Year shall remain in effect, as adjusted by multiplying the current budget by a reference index, and any previously approved capital expenditures and appropriate carrying charges shall continue to be authorized and funded; provided, however, that there shall be excluded from the roll-over budget any capital expenses, carrying charges or other extraordinary or nonrecurring expenses incurred by the ISO during the current Operating Year but not previously approved for the next Operating Year. Such reference index shall be the average quarterly escalation rate over the four previous calendar quarters determined based on the Employment Cost Index - Compensation of Private Industry Workers, White Collar Occupations as published by the Bureau of Labor Statistics, U.S. Department of Labor, in "U.S. Department of Labor News", Table3 (ECI - WCO). In the event the Employment Cost Index - Compensation of Private Industry Workers, White Collar Occupations is no longer published, a mutually agreed upon index shall be adopted.
Sample 1
AutoNDA by SimpleDocs
Budget Disputes. In the event that the Management Committee is unable to adopt an annual budget for the Joint Venture (or amend such budget as required from time to time) within the annual limitations as set forth in Section 3.2(a) of the Operating Agreement, the matter shall be resolved in accordance with the procedures set forth in Section 3.8.1; provided, however, without the approval of the Members, such budget shall be limited to the amount of Additional Capital Contributions [*] set forth in Section 3.2(a) of the Operating Agreement, and such dispute shall not be subject to the dispute resolution procedures set forth in Section 12.1. In the event that a dispute regarding an annual budget is not resolved in accordance with the procedures set forth in Section 3.8.1, the amount of the annual budget shall be the amount set forth for the year in question in Section 3.2(a) of the Operating
Sample 1
Budget Disputes. In the event that the Management Committee is unable to adopt an annual budget for the Joint Venture (or amend such budget as required from time to time) within the annual limitations as set forth in Section 3.2(a), the matter shall be resolved in accordance with the procedures set forth in Section 6.8(a); provided, however, without the approval of the Members, such budget shall be limited to the amount of Additional Capital Contributions [*] set forth in Section 3.2(a), and such dispute shall not be subject to the dispute resolution procedures set forth in Section 12.1 of the JV Master Agreement. In the event that a dispute regarding an annual budget is not resolved in accordance with the procedures set forth in Section 6.8(a), the amount of the annual budget shall be the amount set forth for the year in question in Section 3.2(a), excluding any carry-forward amounts. Notwithstanding any provision contained herein or in the other Joint Venture Agreements to the contrary, the parties agree that any decision as to whether to make Supplemental Capital Contributions shall be reserved solely to the Members and such decision shall not be subject to the dispute resolution procedures set forth in Section 3.8 or Section 12.1 of the JV Master Agreement or Section 6.8 or Section 10.1 hereof, and under no circumstance shall either Member be required to make Supplemental Capital Contributions without the agreement of the Members.
Sample 1
Budget Disputes. Subject to Section 5.06.4(a), Owner and Manager shall use commercially reasonable efforts to revise and agree upon any disputed line items expeditiously. Either party may submit an unresolved dispute over a Budget line item to an Expert for determination under Section 12.01 at any time after thirty days after delivery of the Budgets.
Sample 1
Budget Disputes. Any dispute arising in the JDC or the JMT concerning the Development Budget or the Marketing Budget will be referred to the Executive Committee if the JDC or the JMT is unable to resolve such dispute to the satisfaction of all representatives within thirty (30) days. All other decisions of the JDC or the JMT shall be final and non-appealable. [ * ] Confidential Treatment Requested
Sample 1

Related to Budget Disputes

  • Payment Disputes We will not exercise Our rights under Section 6.3 (Overdue Charges) or 6.4 (Suspension of Service and Acceleration) above if You are disputing the applicable charges reasonably and in good faith and are cooperating diligently to resolve the dispute.

  • Patent Disputes Notwithstanding any other provisions of this Article 11, and subject to the provisions of Section 6.2, any dispute, controversy or claim relating to the scope, validity, enforceability or infringement of any Intrexon Patents shall be submitted to a court of competent jurisdiction in the country in which such Patent was filed or granted.

  • Labor Disputes No labor disturbance by or dispute with employees of the Company or any of its Subsidiaries exists or, to the knowledge of the Company, is threatened which would reasonably be expected to result in a Material Adverse Effect.

  • Tax Disputes The parties hereto shall negotiate in good faith to resolve any dispute arising in connection with this Agreement within 30 days of the date on which any such dispute arises. Upon written notice by a party after such 30-day period, the matter will be referred to a U.S. tax counsel or other tax advisor of recognized national standing (the “Tax Advisor”). Weyerhaeuser and Parent shall negotiate in good faith to jointly select a Tax Advisor within five days of such written notice. If Weyerhaeuser and Parent do not agree on the selection of the Tax Advisor within such five-day period, the Tax Advisor shall be selected by Weyerhaeuser’s and Parent’s respective U.S. tax counsel or other advisors of recognized national standing within the following 10-day period. The Tax Advisor may, in its discretion, obtain the services of any third party necessary to assist it in resolving the dispute. The Tax Advisor shall furnish written notice to the parties of its resolution of the dispute as soon as practicable, but in any event no later than 90 days after acceptance of the matter for resolution. Any such resolution by the Tax Advisor shall be binding on the parties, and the parties shall take, or cause to be taken, any action necessary to implement such resolution. All fees and expenses of the Tax Advisor shall be shared equally by Weyerhaeuser and Parent. If any dispute regarding the preparation of a Tax Return is not resolved before the due date for filing such return, the return shall be filed in the manner deemed correct by the party responsible for filing the return without prejudice to the rights and obligations of the parties hereunder, provided that the preparing party shall file an amended Tax Return, within 10 days after the completion of the process set forth in this Section 6.01, reflecting any changes made in connection with such process.

  • Arbitration; Other Disputes In the event of any dispute or controversy arising under or in connection with this Agreement, the parties shall first promptly try in good faith to settle such dispute or controversy by mediation under the applicable rules of the American Arbitration Association before resorting to arbitration. In the event such dispute or controversy remains unresolved in whole or in part for a period of thirty (30) days after it arises, the parties will settle any remaining dispute or controversy exclusively by arbitration in Boston, Massachusetts, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. Notwithstanding the above, the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of Paragraph 4 or 5 hereof.

  • Disputes, Etc Prompt written notice of (i) any claims, legal or arbitration proceedings, proceedings before any Governmental Authority, or disputes, or to the knowledge of the Borrower threatened, or affecting the Borrower, or any of its Subsidiaries which, if adversely determined, could reasonably be expected to cause a Material Adverse Change, or any material labor controversy of which the Borrower or any of its Subsidiaries has knowledge resulting in or reasonably considered to be likely to result in a strike against the Borrower or any of its Subsidiaries and (ii) any claim, judgment, Lien or other encumbrance (other than a Permitted Lien) affecting any Property of the Borrower or any Subsidiary if the value of the claim, judgment, Lien, or other encumbrance affecting such Property shall exceed $1,000,000;

  • Audit Dispute In the event of a dispute with respect to any audit under Section 4.10, AbbVie and Licensee shall work in good faith to resolve the disagreement. If the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***], the dispute shall be submitted for resolution to a certified public accounting firm jointly selected by each Party’s accountants or to such other Person as the Parties shall mutually agree (the “Audit Arbitrator”). The decision of the Audit Arbitrator shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Audit Arbitrator shall determine. Not later than [***] after such decision and in accordance with such decision, Licensee shall pay the additional amounts, with interest from the date originally due as provided in Section 4.9, or AbbVie shall reimburse the excess payments, as applicable.

  • Litigation, Labor Controversies, etc There is no pending or, to the knowledge of the Borrower or any of its Subsidiaries, threatened litigation, action, proceeding or labor controversy

  • Labor Disputes; Compliance (a) Seller has complied in all material respects with all Legal Requirements relating to employment practices, terms and conditions of employment, equal employment opportunity, nondiscrimination, immigration, wages, hours, benefits, collective bargaining and other employment practices, the payment of social security and similar Taxes and occupational safety and health. Seller is not liable for the payment of any Taxes, fines, penalties, or other amounts, however designated, for failure to comply with any of the foregoing Legal Requirements.

  • Other Disputes Any other dispute (a “Dispute Item”) shall be resolved in accordance with the following provisions of this Article 7.

Time is Money Join Law Insider Premium to draft better contracts faster.