Common use of Resolution of Unsatisfactory Negotiations Clause in Contracts

Resolution of Unsatisfactory Negotiations. If the Parties are unable to satisfactorily negotiate rates, prices, charges, terms and conditions pursuant to Sections 21.2.1 or 21.2.2, either Party may petition the Commission or take such other action as may be necessary to establish appropriate terms. If prior to the (i) Price Renegotiation Date, if pursuant to Section 21.2.1 or (ii) applicable expiration date, if pursuant to Section 21.2.2, the Parties are unable to mutually agree on such new prices or terms or the Commission does not issue its order, the Parties agree that the rates, prices, charges and/or terms ultimately ordered by such Commission or negotiated by the Parties shall be effective retroactive to such Price Renegotiation Date or expiration date, as the case may be.

Resolution of Unsatisfactory Negotiations. If the Parties are unable to satisfactorily negotiate rates, prices, charges, terms and conditions pursuant to Sections 21.2.1 or 21.2.2, either Party may petition the Commission or take such other action as may be necessary to establish appropriate terms. If prior to the (i) Price Renegotiation Date, if pursuant to Section toSection 21.2.1 or (ii) applicable expiration date, if pursuant to Section 21.2.2, the Parties are unable to mutually agree on such new prices or terms or the Commission does not issue its order, the Parties agree that the rates, prices, charges and/or terms ultimately ordered by such Commission or negotiated by the Parties shall be effective retroactive to such Price Renegotiation Date or expiration date, as the case may be.