Common use of Resolution by Senior Executive Officers Clause in Contracts

Resolution by Senior Executive Officers. If a dispute arises relating to the Conditions Precedent and related damages, if any, (the “Dispute”) either party (the “disputing party”) may give written notice to the other party (the “receiving party”) requesting that the respective executive officers of the Parties resolve the Dispute. Within ***** after receipt of such ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. notice, the receiving party shall submit to the other party a written response. The notice and the response shall include a statement of the applicable party’s position and a summary of reasons supporting that position. The Parties shall cause such executive officers to meet, within ***** after delivery of the disputing party’s notice, at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to use commercially reasonable efforts to resolve the Dispute.

Resolution by Senior Executive Officers. If a dispute arises relating to the Conditions Precedent and related damages, if any, (the “Dispute”) either party (the “disputing party”) may give written notice to the other party (the “receiving party”) requesting that the respective executive officers of the Parties resolve the Dispute. Within ***** after receipt of such ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. notice, the receiving party shall submit to the other party a written response. The notice and the response shall include a statement of the applicable party’s position and a summary of reasons supporting that position. The Parties shall cause such executive officers to meet, within ***** after delivery of the disputing party’s notice, at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to use commercially reasonable efforts to resolve the Dispute.