Common use of Good Faith Consultation Clause in Contracts

Good Faith Consultation. Each of the parties hereto undertakes to use its respective best efforts to resolve any dispute arising out of or in connection with this Agreement through consultation in good faith and mutual understanding, provided that such consultation shall neither prejudice the exercise of any rights or remedies in respect of any such dispute nor prevent a party taking necessary steps to prevent the expiry of any time limitation for the bringing of any process, suit, action or proceedings.

Appears in 2 contracts

Samples: Indemnity Agreement (Brasil Telecom Sa), Indemnity Agreement (Brasil Telecom Holding Co)

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Good Faith Consultation. Each of the The parties hereto undertakes undertake to use its respective their best efforts to resolve any dispute arising out of or in connection with this Agreement through consultation in good faith and mutual understanding, provided that such consultation shall neither not prejudice the exercise of any rights right or remedies remedy of either party hereto by any such party in respect of any such dispute nor prevent a party from taking necessary steps to prevent the expiry of any time limitation limit for the bringing of any process, suit, suit action or proceedingsproceeding.

Appears in 2 contracts

Samples: Loan Agreement (Brasil Telecom Holding Co), Loan Agreement (Brasil Telecom Sa)

Good Faith Consultation. Each of the The parties hereto undertakes undertake to use its respective best good faith efforts to resolve any dispute arising out of or in connection with this Agreement through consultation in good faith and mutual understanding, provided that such consultation shall neither not prejudice the exercise of any rights right or remedies remedy of either party hereto by any such party in respect of any such dispute nor prevent a party taking necessary steps to prevent the expiry of any time limitation for the bringing of any process, suit, action or proceedingsdispute.

Appears in 2 contracts

Samples: Jbic Loan Agreement (Phelps Dodge Corp), Consent and Agreement (Phelps Dodge Corp)

Good Faith Consultation. Each In the event of a dispute between the parties hereto undertakes to use its respective best efforts to resolve any dispute arising out of or in connection with this Agreement Agreement, both parties undertake to use their reasonable best efforts to resolve such dispute through consultation in good faith and with mutual understanding; provided, provided however, that such consultation shall neither not prejudice the exercise of any rights right or remedies remedy of either party hereto in respect of any such dispute nor prevent a party taking necessary steps to prevent the expiry of any time limitation for the bringing of any process, suit, action or proceedingsdispute.

Appears in 1 contract

Samples: Loan Agreement (Aar Corp)

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Good Faith Consultation. Each of the The parties hereto undertakes undertake to use its respective their best efforts to resolve any dispute with the LENDERS arising out of or in connection with this Loan Agreement through consultation in good faith and mutual understanding, provided that such consultation shall neither not prejudice the exercise of any rights right or remedies remedy of either party hereto by any such party in respect of any such dispute dispute, nor prevent a party taking necessary steps to prevent the expiry of any time limitation limit for the bringing of any process, suit, action or proceedings.

Appears in 1 contract

Samples: Loan Agreement (Chartered Semiconductor Manufacturing LTD)

Good Faith Consultation. Each of the The parties hereto undertakes undertake to use its respective their best efforts to resolve any dispute arising out of or in connection with this Agreement through consultation in good faith and mutual understanding, provided that such consultation shall neither not prejudice the exercise of any rights right or remedies remedy of either party hereto by any such party in respect of any such dispute nor prevent a party taking necessary steps to prevent the expiry of any time limitation for the bringing of any process, suit, action or proceedingsdispute.

Appears in 1 contract

Samples: Credit Loan Agreement

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