Common use of Initial Dispute Resolution Procedures Clause in Contracts

Initial Dispute Resolution Procedures. Any dispute, claim or controversy (a “Dispute”) related to or arising out of this Agreement (other than with respect to any Dispute involving a Working Capital Adjustment), including any such Dispute among the Company and/or Carrier and/or Watsco, shall be subject to the following dispute resolution procedure: first, such Dispute shall be addressed to the President of the Company, the President of the Carrier North America operating division (or equivalent level manager) or Senior Vice President of Watsco, as applicable, for discussion and attempted resolution; second, if any such Dispute cannot be resolved by such individuals within twenty (20) business days from the date that the Dispute is submitted to such Persons, then such Dispute shall be immediately referred to the appropriate, respective senior officer of each of the Company, Carrier, or Watsco (or equivalent level person), as applicable, for discussion and attempted resolution; third, if any such Dispute cannot be resolved by such officers within twenty (20) business days from the date that the Dispute is submitted to such Persons, then such Dispute shall be immediately referred to the respective Chief Executive Officers of each of the Company, Carrier, or Watsco (or equivalent level person), as applicable for discussion and attempted resolution; and fourth, if any such Dispute cannot be resolved by such Chief Executive Officers within twenty (20) business days from the date that the Dispute is submitted to such Persons, then such dispute shall be immediately referred to non-binding mediation as provided in Section 15.03(b) below.

Initial Dispute Resolution Procedures. Any dispute, claim or controversy (a “Dispute”) related to or arising out of this Agreement (other than with respect to any Dispute involving a Working Capital Purchase Price Adjustment), including any such Dispute among the Company and/or Carrier and/or WatscoCompany, Seller and Buyer, shall be subject to the following dispute resolution procedure: first, such Dispute shall be addressed to the President of the Company, Company and the President of the Carrier North America operating division (or equivalent level manager) or Senior Vice President of Watsco, as applicable, for discussion and attempted resolution; second, if any such Dispute cannot be resolved by such individuals within twenty (20) business days from the date that the Dispute is submitted to such Persons, then such Dispute shall be immediately referred to the appropriate, respective senior officer of each of the Company, Carrier, or Watsco Seller and Buyer (or equivalent level person), as applicable, ) for discussion and attempted resolution; third, if any such Dispute cannot be resolved by such officers within twenty (20) business days from the date that the Dispute is submitted to such Persons, then such Dispute shall be immediately referred to the respective Chief Executive Officers of each of the Company, Carrier, or Watsco Seller and Buyer (or equivalent level person), as applicable ) for discussion and attempted resolution; and fourth, if any such Dispute cannot be resolved by such Chief Executive Officers within twenty (20) business days from the date that the Dispute is submitted to such Persons, then such dispute shall be immediately referred to non-binding mediation as provided in Section 15.03(b12.03(b) below.

Initial Dispute Resolution Procedures. Any dispute, claim or controversy (a “Dispute”) related to or arising out of or relating to this Agreement (other than with respect to any Dispute involving a Working Capital Adjustment)Agreement, including including, without limitation, any such Dispute among between the Company and/or Company, Carrier and/or WatscoHolders and Watsco Holders, shall be subject to the following dispute resolution procedure: first, such Dispute shall be addressed to the President of the Company, Company and the President of the Carrier North America operating division (or equivalent level manager) or Senior Vice President of Watsco, as applicable, for discussion and attempted resolution; second, if any such Dispute cannot be resolved by such individuals within twenty (20) business days from the date that the Dispute is submitted to such Personspersons, then such Dispute shall be immediately referred to the appropriate, respective senior officer of each Member (provided, however, that in the case of the CompanyHoldings III, Carrier, or Watsco such person shall be a senior officer of Watsco) (or equivalent level person), as applicable, ) for discussion and attempted resolution; third, if any such Dispute cannot be resolved by such officers within twenty (20) business days from the date that the Dispute is submitted to such Personspersons, then such Dispute shall be immediately referred to the appropriate, respective Chief Executive Officers of each Member (provided, however, that in the case of Holdings III, such person shall be the Company, Carrier, or Watsco Chief Executive Officer of Watsco) (or equivalent level person), as applicable ) for discussion and attempted resolution; and fourth, if any such Dispute cannot be resolved by such Chief Executive Officers within twenty (20) business days from the date that the Dispute is submitted to such Personspersons, then such dispute Dispute shall be immediately referred to non-binding mediation as provided in Section 15.03(b15.3(b) below.