Common use of Operation of the Contract Clause in Contracts

Operation of the Contract. The Parties recognize that it is impractical for this Contract to provide for every contingency which may arise during the life of this Contract, and the Parties hereby agree that it is their intention that this Contract shall operate fairly as between them, and without detriment to the interest of either of them; and that, if during the term of this Contract either Party believes that this Contract is operating unfairly, the Parties shall use their best efforts to agree on such action as may be necessary to remove the cause or causes of such unfairness, but no failure to agree on any action pursuant to this Clause shall give rise to a dispute subject to arbitration in accordance with GCC Clause 34 hereof.

Operation of the Contract. The Parties parties recognize that it is impractical for in this Contract contract to provide for every contingency which may arise during the life of this Contractthe contract, and the Parties parties hereby agree that it is their intention that this Contract contract shall operate fairly as between them, and without detriment to the interest of either of them; , and that, if during the term of this Contract contract either Party party believes that this Contract contract is operating unfairly, the Parties shall parties will use their best efforts to agree on such action as may be necessary to remove the cause or causes of such unfairness, but no failure to agree on any action pursuant to this Clause clause shall give rise to a dispute subject to arbitration in accordance with “Dispute Settlement” clause GCC Clause 34 hereof.

Operation of the Contract. The Parties recognize that it is impractical for in this Contract to provide for every contingency which may arise during the life of this the Contract, and the Parties hereby agree that it is their intention that this Contract shall operate fairly as between them, them and without detriment to the interest of either of them; , and that, if during the term of this Contract either Party believes that this Contract is operating unfairly, the Parties shall will use their best efforts to agree on such action as may be necessary to remove the cause or causes of such unfairness, but no on failure to agree on any action pursuant to this Clause shall give rise to a dispute subject to arbitration in accordance with GCC Clause 34 GC-8 hereof.

Operation of the Contract. The Parties recognize that it is impractical for in this Contract to provide for every contingency which may arise during the life of this the Contract, and the Parties hereby agree that it is their intention that this Contract shall operate fairly as between them, and without detriment to the interest of either of them; , and that, if during the term of this Contract either Party believes that this Contract is operating unfairly, the Parties shall will use their best efforts to agree on such action as may be necessary to remove the cause or causes of such unfairness, but no failure to agree on any action pursuant to this Clause shall give rise to a dispute subject to arbitration in accordance with Clause GCC Clause 34 8 hereof.