Common use of Senior Management Clause in Contracts

Senior Management. If a Dispute occurs that the senior representatives of the Parties responsible for the transaction contemplated by this Agreement have been unable to settle or agree upon within a period of fifteen (15) days after such Dispute arose, Seller shall nominate and commit one of its senior officers, and Buyer shall nominate and commit one of its senior officers, to meet at a mutually agreed time and place not later than thirty (30) days after the Dispute has arisen to attempt to resolve same. If such senior management have been unable to resolve such Dispute within a period of fifteen (15) days after such meeting, or if such meeting has not occurred within forty-five (45) days following such Dispute arising, then either Party shall have the right, by written notice to the other, to resolve the Dispute (i) through the relevant Independent Expert pursuant to Section 14.03, or (ii) by arbitration in accordance with the provisions of Section 14.04.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Storm Cat Energy CORP)

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Senior Management. If a Dispute occurs that the senior representatives of the Parties responsible for the transaction contemplated by this Agreement have been unable to settle or agree upon within a period of fifteen (15) days after such Dispute arose, Seller shall nominate and commit one of its senior officersthem, and Buyer shall nominate and commit one of its senior officers, to meet at a mutually agreed time and place not later than thirty (30) days after the Dispute has arisen to attempt to resolve same. If such senior management designees have been unable to resolve such Dispute within a period of fifteen (15) days after such meeting, or if such meeting has not occurred within forty-five (45) days following such Dispute arising, then either Party shall have the right, by written notice to the other, to resolve the Dispute (i) through the relevant Independent Expert pursuant to Section 14.03, or (ii) by arbitration in accordance with the provisions of Section 14.0415.03.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Parsley Energy, Inc.)

Senior Management. If a Dispute occurs that the senior representatives of the Parties responsible for the transaction contemplated by this Agreement have been unable to settle or agree upon within a period of fifteen (15) days after such Dispute arose, Seller Sellers shall nominate and commit one of its senior officers, and Buyer shall nominate and commit one of its senior officers, to meet at a mutually agreed time and place not later than thirty (30) days after the Dispute has arisen to attempt to resolve same. If such senior management have been unable to resolve such Dispute within a period of fifteen (15) days after such meeting, or if such meeting has not occurred within forty-five (45) days following such Dispute arising, then either Party shall have the right, by written notice to the other, to resolve the Dispute (i) through the relevant Independent Expert pursuant to Section 14.03, or (ii) by arbitration in accordance with the provisions of Section 14.0416.03.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Whittier Energy Corp)

Senior Management. If a Dispute occurs that the senior representatives of the Parties responsible for the transaction contemplated by this Agreement have been unable to settle or agree upon within a period of fifteen five (155) days after such Dispute arose, Seller shall nominate and commit one of its senior officers, and Buyer Purchaser shall nominate and commit one of its senior officers, to meet at a mutually agreed time and place not later than thirty ten (3010) days after the Dispute has arisen to attempt to resolve same. If such senior management have been unable to resolve such Dispute within a period of fifteen five (155) days after such meeting, or if such meeting has not occurred within forty-five fifteen (4515) days following such Dispute arising, then either Party shall have the right, by written notice to the other, to resolve the Dispute (i) through the relevant Independent Expert pursuant to Section 14.03, or (ii) by arbitration in accordance with the provisions of Section 14.0416.03.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Eagle Mountain Corp)

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Senior Management. If a Dispute occurs that the senior representatives of the Parties responsible for the transaction contemplated by this Agreement have been unable to settle or agree upon within a period of fifteen (15) days after such Dispute arose, Seller AEO shall nominate and commit one of its senior officers, and Buyer BreitBurn shall nominate and commit one of its senior officers, to meet at a mutually agreed time and place not later than thirty (30) days after the Dispute dispute has arisen to attempt to resolve same. If such senior management have been unable to resolve such Dispute within a period of fifteen (15) days after such meeting, or if such meeting has not occurred within forty-five (45) days following such Dispute arising, then either Party shall have the right, by written notice to the other, to resolve the Dispute (i) through the relevant Independent Expert pursuant to Section 14.03, or (ii) by arbitration in accordance with the provisions of Section 14.0412.3.

Appears in 1 contract

Samples: Contribution Agreement (BreitBurn Energy Partners L.P.)

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