Compromise or Settlement of Disputes Sample Clauses

Compromise or Settlement of Disputes. The Borrower shall not agree or otherwise consent to settle or compromise any litigation, arbitration or other dispute [*****] in any single claim or series of related claims or [*****], in each case, without the prior written consent of the Loan Servicer.
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Compromise or Settlement of Disputes. The Borrower shall not agree or otherwise consent to settle or compromise any single litigation, arbitration or other dispute in excess of $1,000,000, or series of litigation, arbitration or other dispute proceedings in the aggregate in excess of $1,000,000, in each case without the prior written consent of DOE.
Sample 1
Compromise or Settlement of Disputes. The Borrower shall not agree or otherwise consent to settle or compromise: (i) any single Action in excess of Ten Million Dollars ($10,000,000) net of any applicable insurance proceeds received or reasonably expected to be received by the Borrower, in each case without the prior written consent of DOE or (ii) any material dispute under any Project Document without the prior written consent of DOE.
Sample 1

Related to Compromise or Settlement of Disputes

  • Settlement of Disputes between the contracting parties 1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, if possible, be settled through diplomatic channels. 2. If any dispute between the Contracting Parties cannot be settled within six months (6) It shall upon the request of either Contracting Party, be submitted to an arbitral tribunal. 3. Such an arbitral tribunal shall be constituted for each individual case in the following way. Within two (2) months of the receipt of the request for arbitration, each Contracting Party shall appoint one member of the Tribunal. The two members shall then select a national of a third State, who on approval by the two Contracting Parties shall be appointed Chairman of the Tribunal. The Chairman shall be appointed within two (2) months from the date of appointment of the other two members. 4. If within the periods specified in paragraph 3 of this article the necessary appointments have not been made, either Contracting Party may, in the absence of any other agreement, invite the President of the International Court of Justice to make the necessary appointments. If the President is a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. if the Vice- President is a national of either Contracting Party or if he is also prevented from discharging the function, the said member of the International Court of Justice the oldest who is not a national of either Contracting Party shall be invited to make the necessary appointments. 5. The arbitral tribunal shall reach its decisions by a majority of votes and shall be binding on both contracting parties. each Contracting Party shall assume the costs of its own member of the Tribunal and of its representation in the arbitral proceedings; the cost of the Chairman and the remaining costs shall be borne in equal parts by the contracting parties. The Tribunal may, however, in its decision that a higher proportion of direct costs shall be borne by one of the two contracting parties, and this decision shall be binding on both contracting parties. the tribunal shall determine its own rules of procedure for all other matters. 6. The arbitral tribunal shall make its decision on the basis of this Agreement and any agreement in force between the two parties and international law in general and take into account, as appropriate, the domestic law of the Contracting Party where the investment concerned is located.

  • 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.

  • ADJUSTMENT OF DISPUTES 37.01 (1) The Employer and the Union recognize that grievances may arise in each of the following circumstances: (a) By the interpretation or application of: (i) a provision of an Act, or a regulation, direction or other instrument made or issued by the Employer dealing with terms or conditions of employment; (ii) a provision of this Collective Agreement or Arbitral Award. (b) Disciplinary action resulting in demotion, suspension, or a financial penalty. (c) Dismissal from the Public Service. (d) Letters of discipline placed on personnel file.

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