Common use of Exchange of Proposals Clause in Contracts

Exchange of Proposals. Within ten (10) days of the appointment of the full arbitration panel, the parties shall exchange documents setting forth Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company's application requesting confidential treatment under Rule 406 of the Securities Act. their final detailed proposals for resolution of the matter in dispute, together with a brief or other written memorandum supporting the merits of their final proposal. The arbitration panel shall promptly convene a hearing, at which time each party shall have an amount of time determined by the arbitrators to argue and present witnesses in support of its final proposal.

Exchange of Proposals. Within ten (10) days of the appointment of the full arbitration panel, the parties shall exchange documents setting forth Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company's application requesting confidential treatment under Rule 406 of the Securities Act. their final detailed proposals for resolution of the matter in dispute, together with a brief or other written memorandum supporting the merits of their final proposal. The arbitration panel shall promptly convene a *The asterisk denotes that confidential portions of this exhibit have been omitted in reliance on Rule 24b-2 of the Securities Exchange Act of 1934. The confidential portions have been submitted separately to the Securities and Exchange Commission hearing, at which time each party shall have an amount of agreed upon time determined by the arbitrators to argue and present witnesses in support of its final proposal.