Common use of Dispute Notices Clause in Contracts

Dispute Notices. If a Dispute arises between or among the Parties, then any Party to such Dispute may provide written notice thereof to the other Parties, including a detailed description of the subject matter of the Dispute (the “Dispute Notice”). The Dispute Notice shall identify the Party or Parties to the Dispute, which shall participate in the Dispute resolution process. Each other Party in receipt of a Dispute Notice shall inform the other Parties in writing whether it will participate in the Dispute resolution process. If a Party in receipt of a Dispute Notice believes that it has counterclaims arising out of the same set of facts as the Dispute, it shall promptly notify the other Parties of such counterclaims no later than two Business Days before the first meeting of the senior executives required pursuant to Section 17.3(b). The Party providing the Dispute Notice, each other Party identified in the Dispute Notice as a Party to the Dispute and each other Party electing to participate in the Dispute shall be referred to as a “Disputing Party”.

Appears in 4 contracts

Samples: Common Facilities Ownership Agreement, Ownership Agreement (Madison Gas & Electric Co), Ownership Agreement (Mge Energy Inc)

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