Escalation Provisions Sample Clauses
Escalation provisions are contractual mechanisms that outline a structured process for resolving disputes or issues that arise between parties. Typically, these provisions require parties to attempt resolution at progressively higher levels of management or through specified steps, such as negotiation, mediation, and, if necessary, arbitration or litigation. By establishing a clear pathway for addressing disagreements, escalation provisions help prevent conflicts from stalling business operations and encourage resolution before resorting to formal legal action.
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Escalation Provisions. Published charges will be changed on an annual basis by the distributor, and will consider the allowable movements under regulation and as approved by the Electricity Commission. Changes to price will be published. The generation support, reactive support and Electricity Commission levy will be reviewed on a yearly basis, and notified.
Escalation Provisions. 15 Section 9.- Reporting............................................................................... 15 Section 10- Operational Project Reviews............................................................. 16 Section 11.- Service Levels and Performance.......................................................... 16
Escalation Provisions. In the event that despite good faith efforts, CVT and MIOL are unable to reach consensus on any material matter under the Agreement, the Parties shall refer such matter to a dispute escalation process in accordance with the following provisions. Such matter shall be referred to the Parties’ CEO’s (or their senior-level designee) for attempted resolution within thirty (30) days. In the event the Parties are unable to reach resolution (whether through the JOC, JDC, JSC or this dispute escalation provision), within such thirty (30) day period, each Party shall be free to pursue any remedy that may be available to it at law or equity, except as otherwise expressly provided in this Agreement.
Escalation Provisions. 15.1 The parties shall attempt to amicably resolve any dispute or disagreement arising in relation hereto before submitting such dispute or disagreement to the courts as follows:
15.1.1 the parties shall as soon as reasonably practicable commence good faith negotiations to resolve the dispute or disagreement;
15.1.2 should such good faith negotiations not take place or should such good faith negotiations not resolve the dispute or disagreement within a reasonable period, but in any event within twenty one (21) days of commencement of the negotiations, the dispute or disagreement shall immediately be referred to the respective Chief Executive Officers of the parties for their resolution;
15.1.3 should the respective Chief Executive Officers of the parties fail to resolve the dispute or disagreement within fourteen (14) days of it being referred to them, then either party may refer the dispute to the courts. Notwithstanding the foregoing, in the event that the dispute in question relates to whether the Product satisfies the Specifications or GMPs, then in accordance with Article 7.7 hereof, the dispute shall be referred to a qualified third party laboratory prior to submission to the courts.
Escalation Provisions. 15.1 In the event only it is specified herein that these escalation provisions shall apply to any dispute or disagreement being and remaining unresolved, then until resolution thereof:
15.2 the parties shall as soon as reasonably practicable commence good faith negotiations to resolve the dispute or disagreement;
15.3 should such good faith negotiations not take place or should such good faith negotiations not resolve the dispute or disagreement within a reasonable period, but in any event within twenty one (21) days of commencement of the negotiations, the dispute or disagreement shall immediately be referred to the respective senior management of the parties for their resolution (for the avoidance of doubt senior management for UCB is head of GTSO and for INYX is VP Global Sales & Marketing); and
15.4 should the respective senior management of the parties fail to resolve the dispute or disagreement within fourteen (14) days of it being referred to them, then either party may by written notice to the other forthwith terminate this Agreement, and neither party shall be liable to the other in respect of any consequence of such termination.
Escalation Provisions. Within fifteen (15) calendar days from the execution of this Statement of Work, the Parties shall mutually agree upon appropriate escalation procedures in the event Equant's normal maintenance procedures fail to restore the Equipment to Proper Operational Condition in accordance with the Service Levels set forth in Section 11.