Common use of Negotiation of proposed Adjustment Clause in Contracts

Negotiation of proposed Adjustment. In respect of the proposed Adjustment: (a) the parties shall meet and negotiate and attempt to agree the proposed Adjustment; (b) each party shall ensure that: (i) such negotiations are conducted in a timely, efficient and economical manner, with appropriate recourse to professional advice; and (ii) the Criteria are applied in the negotiations; and (c) the negotiations shall not continue after the Backstop Date.

Negotiation of proposed Adjustment. In respect of the proposed Adjustment: (a) the parties Original Parties shall meet and negotiate and attempt to agree the proposed Adjustment; (b) each party Original Party shall ensure that: (i) such negotiations are conducted in a timely, efficient and economical manner, with appropriate recourse to professional advice; and (ii) the Criteria are applied in the negotiations; and (c) the negotiations shall not continue after the Backstop Date.

Negotiation of proposed Adjustment. ‌ In respect of the proposed Adjustment: (a) the parties Parties shall meet and negotiate and attempt to agree the proposed Adjustment; (b) each party Party shall ensure that: (i) such negotiations are conducted in a timely, efficient and economical manner, with appropriate recourse to professional advice; and (ii) the Criteria are applied in the negotiations; and (c) the negotiations shall not continue after the Backstop Date.

Negotiation of proposed Adjustment. In respect of the proposed Adjustment: (a) the parties Parties shall meet and negotiate and attempt to agree the proposed Adjustment; (b) each party Party shall ensure that: (i) such negotiations are conducted in a timely, efficient and economical manner, with appropriate recourse to professional advice; and (ii) the Criteria are applied in the negotiations; and (c) the negotiations shall not continue after the Backstop Date.