Common use of Hearings and Sanctions Clause in Contracts

Hearings and Sanctions. Notwithstanding anything in this Agreement to the contrary, if a Partner fails to fully and timely comply with this Agreement or with any reasonable order of the Panel, the Panel may hold a hearing on the default. The defaulting Partner shall be notified by the Panel of the date, time, location and nature of that hearing and of the sanctions the Panel may impose. Such notice shall be sent not less than 10 days prior to the commencement of the hearing. If the defaulting Partner fails to appear at that hearing, the Panel may conduct an ex parte hearing, then or later, which it deems desirable to remedy such default. Following any such ex parte hearing, the Panel shall notify each Partner in writing of its decision and award. Such award shall be consistent with Articles X and XI.