Common use of Failure of Negotiations Clause in Contracts

Failure of Negotiations. If the Parties have not resolved the Dispute to the satisfaction of both Parties within 15 Business Days after delivery of the Review Notice, or within such extended period as may be agreed in writing by the Parties, negotiations will be deemed to have failed to resolve the Dispute and either Party may then request that the matter be referred to non-binding mediation pursuant to the Mediation Procedure.

Appears in 10 contracts

Samples: Joint Operations Agreement, Energy and Capacity Agreement, Nova Scotia Transmission Utilization Agreement

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Failure of Negotiations. If the Parties have not resolved the Dispute to the satisfaction of both Parties within 15 Business Days after delivery of the Review Notice, or within such extended period as may be agreed in writing by the Parties, negotiations will be deemed to have failed to resolve the Dispute and either any Party may then request that the matter be referred to non-binding mediation pursuant to the Mediation Procedure.

Appears in 2 contracts

Samples: Remedies Agreement, Transmission Funding Agreement

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