Common use of Remedial Process Clause in Contracts

Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days or such extended period as the Parties may agree (“Remedial Period”) the Parties shall, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a SPV Event of Default, the Authority shall endeavour to arrive at an agreement as to and/or any measures as may be considered appropriate by them in the attendant circumstances.

Remedial Process. Following the issue of Consultation Notice by either Party, within a period not exceeding 90 (ninety) Days days or such extended period as the Parties they may agree (the “Remedial Period”) the Parties shall, in mutual consultation, endeavour to arrive at an agreement as to the manner of rectifying or remedying the underlying Event of Default. Without prejudice to this, if the underlying event is a SPV Event of Default, the Authority shall endeavour to arrive at an agreement as to and/or any measures as may be considered appropriate by them in the attendant circumstances.