Common use of Negotiation and Non-Binding Mediation Clause in Contracts

Negotiation and Non-Binding Mediation. The Parties agree to use their best efforts to settle promptly any disputes or claims arising out of or relating to this Agreement through negotiation conducted in good faith between executives having authority to reach such a settlement. Either party hereto may, by written notice to the other party, refer any such dispute or claim for advice or resolution by mediation by an Independent Engineer, financial advisor or other suitable mediator. The parties shall mutually agree on the selection of such mediator. If the parties are unable to agree, the parties shall each designate a qualified mediator who, together, shall choose the mediator for the particular disputes or claim. If the mediator is unable, within 30 days of such referral, to reach a determination as to the dispute that is acceptable to the parties hereto, the matter shall be referred to applicable Legal Proceedings. All negotiations and mediation discussions pursuant to this paragraph shall be confidential subject to Applicable Law and shall be treated as compromise and settlement negotiations for purposes of Federal Rule of Evidence 408 and applicable state rules of evidence.

Appears in 2 contracts

Samples: Merger Agreement (Long Island Lighting Co), Energy Management Agreement (Long Island Lighting Co)

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Negotiation and Non-Binding Mediation. The Parties parties agree to use their best efforts to settle promptly any disputes or claims arising out of or relating to this Agreement through negotiation conducted in good faith between executives having authority to reach such a settlement. Either party hereto may, by written notice to the other party, refer any such dispute or claim for advice or resolution by mediation by an Independent Engineer, financial advisor or other suitable mediator. The parties shall mutually agree on the selection of such mediator. If the parties are unable to agree, the parties shall each designate a qualified mediator who, together, shall choose the mediator for the particular disputes dispute or claim. If the mediator is unable, within 30 days of such referral, to reach a determination as to the dispute that is acceptable to the parties hereto, the matter shall be referred to applicable Legal Proceedings. All negotiations and - A mediation discussions pursuant Pursuant to this paragraph shall be confidential subject to Applicable Law and shall be treated as compromise and settlement negotiations for purposes of Federal Rule of Evidence 408 and applicable state rules of evidence.

Appears in 1 contract

Samples: Management Services Agreement (Long Island Lighting Co)

Negotiation and Non-Binding Mediation. The Parties agree to use their best commercially reasonable efforts to settle promptly any disputes or claims arising out of or relating to this Agreement through negotiation conducted in good faith between executives representatives having authority to reach such a settlement. Either party hereto may, by written notice to the other partyThe Parties may mutually agree to, refer any such dispute or claim for advice or resolution by non-binding mediation by an Independent Engineer, financial advisor or other to a suitable mediator. The parties mediator shall mutually agree on be chosen by the selection mutual agreement of such mediatorthe Parties. If the parties Parties are unable to agree, the parties each shall each designate a qualified mediator mediator, who, together, shall choose the chose a single mediator for the particular disputes dispute or claim. If the mediator chosen is unable, within 30 days fifteen (15) Days of such referral, to reach a determination as to the dispute that is acceptable to the parties heretoParties, the matter shall be referred to applicable Legal Proceedingsarbitration as set forth below. All negotiations and mediation discussions pursuant to this paragraph Section 13.2 shall be confidential confidential, subject to Applicable Law Legal Requirements, and shall be treated as a compromise and settlement negotiations for purposes of Federal Rule of Evidence 408 and applicable state New York State rules of evidence.

Appears in 1 contract

Samples: Fuel Management Agreement

Negotiation and Non-Binding Mediation. The Parties parties agree to use their best efforts to settle promptly any disputes or claims arising out of or relating to this Agreement through negotiation conducted in good faith between executives having authority to reach such a settlement. Either party hereto may, by written notice to the other party, refer any such dispute or claim for advice or resolution by mediation by an Independent Engineer, financial advisor or other suitable mediator. The parties shall mutually agree on the selection of such mediator. If the parties are unable to agree, the parties panics shall each designate a qualified mediator who, together, shall choose the mediator for the particular disputes dispute or claim. If the mediator is unable, within 30 days of such referral, to reach a determination as to the dispute that is acceptable to the parties hereto, the matter shall be referred to applicable Legal Proceedings. All negotiations and mediation discussions pursuant to this paragraph shall be confidential subject to Applicable Law and shall be treated as compromise and settlement negotiations for purposes of Federal Rule of Evidence 408 and applicable state rules of evidence.

Appears in 1 contract

Samples: Power Supply Agreement (Long Island Lighting Co)

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Negotiation and Non-Binding Mediation. The Parties parties agree to use their best efforts to settle promptly any disputes or claims arising out of or relating to this Agreement through negotiation conducted in good faith between executives having authority to reach such a settlement. Either party hereto may, by written notice to the other party, refer any such dispute or claim for advice or resolution by mediation by an Independent Engineer, financial advisor or other suitable mediator. The parties shall mutually agree on the selection of such mediator. If the parties are unable to agree, the parties shall each designate a qualified mediator who, together, shall choose the mediator for the particular disputes dispute or claim. If the mediator is unable, within 30 days of such referral, to reach a determination as to the dispute that is acceptable to the parties hereto, the matter shall be referred to applicable Legal Proceedings. All negotiations and mediation discussions pursuant to this paragraph shall be confidential subject to Applicable Law and shall be treated as compromise and settlement negotiations for purposes of Federal Rule of Evidence 408 and applicable state rules of evidence.

Appears in 1 contract

Samples: Merger Agreement (Long Island Lighting Co)

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