Common use of GOVERNING LAW, SETTLEMENT OF DISPUTES Clause in Contracts

GOVERNING LAW, SETTLEMENT OF DISPUTES. As to both the contract and any arising disputes, the rules of the Hungarian law shall apply. Parties shall agree to settle the disputes relating to the framework contract primarily via amicable negotiation. Failing such settlement in any disputes arising from or relating to the contract or its breach, termination, validity or interpretation, both parties hereby agree to subject themselves to the exclusive jurisdiction of the Arbitration Court in the Energy (Budapest), provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian.

GOVERNING LAW, SETTLEMENT OF DISPUTES. As The provisions of Hungarian law shall apply to both the contract and any arising disputes, the rules of the Hungarian law shall apply. Parties shall agree to settle the disputes relating to the framework contract Natural Gas Storage Contract primarily via amicable negotiation. Failing such settlement in any disputes arising from or relating to the contract Natural Gas Storage Contract or its breach, termination, validity or interpretation, both parties hereby agree to subject themselves to the exclusive jurisdiction of the Arbitration Court in the Energy (Budapest), provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian.

GOVERNING LAW, SETTLEMENT OF DISPUTES. As The provisions of Hungarian law shall apply to both the contract and any arising disputes, the rules of the Hungarian law shall apply. The Parties shall agree to settle the disputes relating to the framework contract this Contract primarily via amicable negotiation. Failing such settlement in any disputes arising from or relating to the contract or its breach, termination, validity or interpretation, both parties Parties hereby agree to subject themselves to the exclusive jurisdiction of the Permanent Court of Arbitration Court in the Energy (Budapest)) operating at the Hungarian Chamber of Commerce and Industry, provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian.

GOVERNING LAW, SETTLEMENT OF DISPUTES. As The provisions of Hungarian law shall apply to both the contract Contract and any arising disputes, the rules of the Hungarian law shall apply. The Parties shall agree to settle the disputes relating to the framework contract this Contract primarily via amicable negotiation. Failing such settlement in any disputes arising from or relating to the contract or its breach, termination, validity or interpretation, both parties Parties hereby agree to subject themselves to the exclusive jurisdiction of the Permanent Court of Arbitration Court in the Energy (Budapest)) operating at the Hungarian Chamber of Commerce and Industry, provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian.

GOVERNING LAW, SETTLEMENT OF DISPUTES. As to both the contract and any arising disputes, the rules The provisions of the Hungarian law shall applyapply to the contract, to any arising disputes and to the settlement thereof. Parties shall agree to settle the disputes relating to the framework contract primarily via amicable negotiation. Failing such settlement in any disputes arising from or relating to the contract or its breach, termination, validity or interpretation, both parties hereby agree to subject themselves to the exclusive jurisdiction of the Arbitration Court in the Energy (Budapest), provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian. IX Entry into Force This contract shall be concluded and effective upon signature.