Common use of Emergency Safeguard Measures Clause in Contracts

Emergency Safeguard Measures. 1. The Parties shall initiate discussions within one year from the entry into force of this Agreement to develop mutually acceptable guidelines and procedures for the application of emergency safeguard measures. These guidelines and procedures shall be annexed to and shall form part of this Agreement. 2. Notwithstanding paragraph 1, if a Party deems to be affected by the negative impact caused by its specific commitments as set out in Annex 4 (Schedules of Specific Services Commitments), that Party may request to hold a consultation with the other Party and the other Party shall respond to such a request in good faith. 3. In the consultations, the Parties shall endeavour to reach a mutually acceptable solution within a reasonable time.

Emergency Safeguard Measures. 1. The Parties shall initiate discussions within one a year from the entry into force of this Agreement to develop mutually acceptable guidelines and procedures for the application of emergency safeguard measures. These guidelines and procedures shall be annexed to and shall form part of this Agreement. 2. Notwithstanding the provisions of paragraph 11 of this Article, if a Party deems to be affected by the negative impact caused by its specific commitments as set out in Annex 4 (Schedules of Specific Services Commitments)5, that the Party may request to hold a consultation consultations with the other Party and the other Party shall respond to such a request in good faith. 3. In holding the consultationsconsultations referred to in paragraph 2 of this Article, the Parties shall endeavour to reach a mutually acceptable solution within a reasonable time.