Common use of Initiation of Procedure Clause in Contracts

Initiation of Procedure. The party seeking to initiate the Procedure (the "Initiating Party") shall give written notice to the other party setting forth a general description of the nature of the Dispute, the Initiating Party's claim for relief, and the identity of one or more individuals with authority to settle the Dispute on behalf of the Initiating Party. The party receiving such notice (the "Responding Party") shall have five business days within which to designate by written notice to the Initiating Party one or more individuals with authority to settle the Dispute on behalf of the Responding Party. The individuals so designated by the Initiating Party and the Responding Party shall be known as the "Authorized Individuals."

Appears in 2 contracts

Samples: Contribution Agreement (Unwired Telecom Corp), Distribution Agreement (Unwired Telecom Corp)

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Initiation of Procedure. The party seeking to initiate the Procedure (the "Initiating Party") shall give written notice to the other party setting forth a parties, describing in general description of terms the nature of the Dispute, the Initiating Party's claim for relief, relief and the identity of identifying one or more individuals with authority to settle the Dispute on behalf of the Initiating such Party's behalf. The party Party(s) receiving such notice (the "Responding Party"," whether one or more) shall have five (5) business days within which to designate by written notice to the Initiating Party Party, one or more individuals with authority to settle the Dispute on behalf of the Responding such Party's behalf. The individuals so designated by the Initiating Party and the Responding Party shall be known as the "Authorized Individuals." The Initiating Party and the Responding Party shall collectively be referred as the "Disputing Parties" or individually "Disputing Party."

Appears in 2 contracts

Samples: Shale Project, Westside Energy Corp

Initiation of Procedure. The party seeking to initiate the Procedure resolution of a Dispute (the "Initiating Party") shall give written notice to the other party setting forth a party, describing in general description of terms the nature of the Dispute, the Initiating Party's ’s claim for relief, relief and the identity of identifying one or more individuals with authority to settle the Dispute on behalf of the Initiating Partysuch party’s behalf. The party receiving such notice (the "Responding Party",”) shall have five (5) business days within which to designate by written notice to the Initiating Party Party, one or more individuals with authority to settle the Dispute on behalf of the Responding Partysuch party’s behalf. The individuals so designated by shall be known as the “Authorized Individuals.” The Initiating Party and the Responding Party shall collectively be known referred to as the "Authorized Individuals“Disputing Parties” or individually the “Disputing Party."

Appears in 1 contract

Samples: Executive Employment Agreement (Cano Petroleum, Inc)

Initiation of Procedure. The party Any Party seeking to initiate the Procedure (the "Initiating Party") shall give written notice to the other party setting forth a Parties, describing in general description of terms the nature of the Dispute, the Initiating Party's ’s claim for relief, relief and the identity of identifying one or more individuals with authority to settle the Dispute on behalf of the such Initiating Party’s behalf. The party Party(s) receiving such notice (the "Responding Party"”, whether one or more) shall have five business days (5) Business Days within which to designate by written notice to the Initiating Party Party, one or more individuals with authority to settle the Dispute on behalf of the such Responding Party’s behalf. The individuals so designated by shall be known as the “Authorized Individuals.” The Initiating Party and the Responding Party shall collectively be known referred as the "Authorized Individuals“Disputing Parties” or individually “Disputing Party."

Appears in 1 contract

Samples: Agreement and Plan of Merger (Stericycle Inc)

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Initiation of Procedure. The party seeking to initiate the ----------------------- Procedure (the "Initiating Party") shall give written notice to the other party setting forth a general description of the nature of the Dispute, the Initiating Party's claim for relief, and the identity of one or more individuals with authority to settle the Dispute on behalf of the Initiating Party. The party receiving such notice (the "Responding Party") shall have five business days within which to designate by written notice to the Initiating Party one or more individuals with authority to settle the Dispute on behalf of the Responding Party. The individuals so designated by the Initiating Party and the Responding Party shall be known as the "Authorized Individuals."

Appears in 1 contract

Samples: Contribution Agreement (Unwired Telecom Corp)

Initiation of Procedure. The party seeking to initiate the Procedure (the "Initiating Party") shall give written notice to the other party setting forth a party, describing in general description of terms the nature of the Dispute, the Initiating Party's claim for relief, relief and the identity of identifying one or more individuals with authority to settle the Dispute on behalf of the Initiating Partysuch party's behalf. The party receiving such notice (the "Responding Party") shall have five (5) business days within which to designate by written notice to the Initiating Party Party, one or more individuals with authority to settle the Dispute on behalf of the Responding Partysuch party's behalf. (The individuals so designated by the Initiating Party and the Responding Party shall be known as the "Authorized Individuals".")

Appears in 1 contract

Samples: Employment Agreement (North American Gaming & Entertainment Corp)

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