Common use of Initial Resolution and Escalation Clause in Contracts

Initial Resolution and Escalation. (A) In the event of a Dispute, the Disputing Parties shall attempt to resolve the Dispute at working level without the involvement of the relevant Senior Stakeholders. (B) If the Disputing Parties have not been able to resolve a Dispute within 15 (fifteen) Business Days after a notice by any Party that a Dispute exists, any Disputing Party may, upon expiry of that period, escalate the Dispute to the relevant Senior Stakeholders and those Senior Stakeholders shall discuss the matter in good faith with a view to resolving it. (C) If the Disputing Parties are able to resolve a Dispute, whether before or after any escalation to the relevant Senior Stakeholders, then they shall record the resolution in writing and cause it to be implemented. For the avoidance of doubt, any such resolution shall not constitute an amendment to this Agreement or a waiver by the Parties of their rights under this Agreement, save where this is expressly provided for in writing. (D) If the relevant Senior Stakeholders are unable to resolve the Dispute within 10 (ten) Business Days of it being escalated to them in accordance with Clause 19.3(B), then any Disputing Party may seek resolution of the Dispute in accordance with the requirements of Clauses 19.2 and 19.4(A) to 19.4(F).

Appears in 2 contracts

Samples: Shareholder Loan Agreement, Shareholder Loan Agreement

AutoNDA by SimpleDocs

Initial Resolution and Escalation. (A) In the event of a Dispute, the Disputing Parties shall attempt to resolve the Dispute at working level without the involvement of the relevant Senior Stakeholders. (B) If the Disputing Parties have not been able to resolve a Dispute within 15 (fifteen) Business Days after a notice by any Party that a Dispute exists, any Disputing Party may, upon expiry of that period, escalate the Dispute to the relevant Senior Stakeholders and those Senior Stakeholders shall discuss the matter in good faith with a view to resolving it. (C) If the Disputing Parties are able to resolve a Dispute, whether before or after any escalation to the relevant Senior Stakeholders, then they shall record the resolution in writing and cause it to be implemented. For the avoidance of doubt, any such resolution shall not constitute an amendment to this Agreement or a waiver by the Parties of their rights under this Agreement, save where this is expressly provided for in writing. (D) If the relevant Senior Stakeholders are unable to resolve the Dispute within 10 (ten) Business Days of it being escalated to them in accordance with Clause 19.3(B17.3(B), then any Disputing Party may seek resolution of the Dispute in accordance with the requirements of Clauses 19.2 17.2 and 19.4(A17.417(A) to 19.4(F17.4(F).

Appears in 1 contract

Samples: Share Purchase Agreement

Initial Resolution and Escalation. (A) In the event of a Dispute, the Disputing Parties shall attempt to resolve the Dispute at working level without the involvement of the relevant Senior Stakeholders. (B) If the Disputing Parties have not been able to resolve a Dispute within 15 (fifteen) Business Days after a notice by any Party that a Dispute exists, any Disputing Party may, upon expiry of that period, escalate the Dispute to the relevant Senior Stakeholders and those Senior Stakeholders shall discuss the matter in good faith with a view to resolving it. (C) If the Disputing Parties are able to resolve a Dispute, whether before or after any escalation to the relevant Senior Stakeholders, then they shall record the resolution in writing and cause it to be implemented. For the avoidance of doubt, any such resolution shall not constitute an amendment to this Agreement or a waiver by the Parties of their rights under this Agreement, save where this is expressly provided for in writing. (D) If the relevant Senior Stakeholders are unable to resolve the Dispute within 10 (ten) Business Days of it being escalated to them in accordance with Clause 19.3(B9.3(B), then any Disputing Party may seek resolution of the Dispute in accordance with the requirements of Clauses 19.2 9.2 and 19.4(A9.4(A) to 19.4(F9.4(G).

Appears in 1 contract

Samples: Shareholder Support Agreement

Initial Resolution and Escalation. (A) In the event of a Dispute, the Disputing Parties shall attempt to resolve the Dispute at working level without the involvement of the relevant Senior Stakeholders. (B) If the Disputing Parties have not been able to resolve a Dispute within 15 (fifteen) Business Days after a notice by any Party that a Dispute exists, any Disputing Party may, upon expiry of that period, escalate the Dispute to the relevant Senior Stakeholders and those Senior Stakeholders shall discuss the matter in good faith with a view to resolving it. (C) If the Disputing Parties are able to resolve a Dispute, whether before or after any escalation to the relevant Senior Stakeholders, then they shall record the resolution in writing and cause it to be implemented. For the avoidance of doubt, any such resolution shall not constitute an amendment to this Agreement or a waiver by the Parties of their rights under this Agreement, save where this is expressly provided for in writing. (D) If the relevant Senior Stakeholders are unable to resolve the Dispute within 10 (ten) Business Days of it being escalated to them in accordance with Clause 19.3(B12.3(B), then any Disputing Party may seek resolution of the Dispute in accordance with the requirements of Clauses 19.2 12.2 and 19.4(A12.4(A) to 19.4(F12.4(F).

Appears in 1 contract

Samples: Share Purchase Agreement

AutoNDA by SimpleDocs

Initial Resolution and Escalation. (A) In the event of a Dispute other than a Cost Dispute, XXXXX and Electrabel and/or ENGIE SA (as the case may be) (the “Disputing Parties Parties”) shall attempt to resolve the Dispute at working level without the involvement of the relevant Senior Stakeholders. (B) If the Disputing Parties have not been able to resolve a Dispute within 15 (fifteen) Business Days after a notice by any Party that a Dispute exists, any Disputing Party may, upon expiry of that period, escalate the Dispute to the relevant Senior Stakeholders and those Senior Stakeholders shall discuss the matter in good faith with a view to resolving it. (C) . If the Disputing Parties are able to resolve a Dispute, whether before or after any escalation to the relevant Senior Stakeholders, Dispute then they shall record the resolution in writing and cause it to be implemented. For the avoidance of doubt, any such resolution shall not constitute an amendment to this Agreement or a waiver by the Parties of their rights under this Agreement, save where this is expressly provided for in writing. (DB) If the Disputing Parties have not been able to resolve a Dispute within 15 Business Days after a notice by any Party that a Dispute exists, any Disputing Party may, upon expiry of that period, escalate the Dispute to the Senior Stakeholders and the Senior Stakeholders shall discuss the matter in good faith with a view to resolving it. (C) If the relevant Senior Stakeholders are unable to resolve the Dispute within 10 (ten) Business Days of it being escalated to them in accordance with Clause 19.3(B11.3(B), then any Disputing Party may seek resolution of the Dispute in accordance with the requirements of Clauses 19.2 Clause 11.2 (Jurisdiction) and 19.4(A) to 19.4(FClause 11.4 (Arbitration Option).

Appears in 1 contract

Samples: Joint Development Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!