Prompt Resolution Sample Clauses
The Prompt Resolution clause requires parties to address and resolve disputes or issues quickly and efficiently. Typically, this clause sets specific timeframes for raising concerns and mandates that both sides engage in good faith discussions or negotiations to settle matters without unnecessary delay. Its core function is to minimize disruptions and prevent prolonged disagreements, ensuring that business operations can continue smoothly and that conflicts do not escalate or linger unresolved.
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Prompt Resolution. The Parties acknowledge the importance of prompt dispute resolution. Accordingly, it is agreed that any arbitration proceeding hereunder must be scheduled and conducted in such a manner that the Arbitration Award is rendered no later than two hundred and seventy (270) days after the Arbitration Notice is served.
Prompt Resolution. In the event AOC initiates a dispute related to an invoice, Contractor shall promptly (but not more than two (2) Business Days from the time AOC initiated such dispute) respond to the issue raised in such dispute, which response shall include a written explanation of the charges that are the subject of such dispute, as well as any supporting documentation necessary to support Contractor’s position. If, within ten (10) days of the date on which AOC notifies Contractor of the dispute, Contractor has either (i) failed to respond to AOC with sufficient details or (ii) failed to provide documentation or other evidence as to the validity of the charges, then such dispute will be deemed resolved in favor of AOC, the appropriate credits against the unpaid invoice will be withheld and the matter closed.
Prompt Resolution. In the event OCA initiates a dispute related to an invoice, Contractor shall promptly (but not more than two (2) Business Days from the time OCA initiated such dispute) respond to the issue raised in such dispute, which response shall include a written explanation of the charges that are the subject of such dispute, as well as any supporting documentation necessary to support Contractor’s position. If, within ten (10) days of the date on which OCA notifies Contractor of the dispute, Contractor has either (i) failed to respond to OCA with sufficient details or (ii) failed to provide documentation or other evidence as to the validity of the charges, then such dispute will be deemed resolved in favor of OCA, the appropriate credits against the unpaid invoice will be withheld and the matter closed. OCA Contract No. 212210180
Prompt Resolution. In the event DIR initiates a dispute in accordance with the Service Management Manual related to a Monthly Invoice (a "DIR-Initiated Financial Dispute"), Service Provider will promptly respond to the issue raised in such dispute, which response will include a written explanation of the charges that are the subject of the DIR-Initiated Financial Dispute, as well as any supporting documentation necessary to support Service Provider's position. If within one hundred eighty (180) days of the date on which DIR notifies Service Provider of the DIR- Initiated Financial Dispute Service Provider has either (i) failed to respond to DIR, or (ii) failed to substantiate that the disputed charges are valid, then such dispute will be deemed resolved in favor of DIR and the appropriate credits will be processed and the matter will be closed.
Prompt Resolution. In the event DIR initiates a dispute in accordance with the Service Management Manual related to a Monthly Invoice (a "DIR-Initiated Financial Dispute"), Successful Respondent will promptly respond to the issue raised in such dispute, which response will include a written explanation of the charges that are the subject of the DIR-Initiated Financial Dispute, as well as any supporting documentation necessary to support Successful Respondent’s position. If within one hundred eighty (180) days of the date on which DIR notifies Successful Respondent of the DIR-Initiated Financial Dispute, Successful Respondent has either (i) failed to respond to DIR or (ii) failed to provide documentation or other evidence as to the validity of the disputed charges, then such dispute will be deemed resolved in favor of DIR and the appropriate credits will be processed and the matter will be closed.
Prompt Resolution. Owners and Contractor agree to cooperate in good faith to reach agreed resolution of any adjustment(s) for asserted Adjustment Events as promptly as practicable, considering the complexity of the events involved. If there has been no resolution of such adjustments 60 days after submission of the information required by Section 10.4.3, Contractor may at any point thereafter initiate the expedited hearing procedure under the DRB Procedure with respect to the asserted adjustment. During the pendency of any asserted adjustment until final resolution, Contractor shall not suspend or slow performance of any Work on account of the dispute related to the asserted Adjustment Event unless directed to do so by Owners pursuant to Section 21.1.