Common use of Settlement By Mutual Agreement Clause in Contracts

Settlement By Mutual Agreement. In the event any dispute, controversy or claim between or among the Parties hereto arises under this Agreement or any right, duty or obligation arising herefrom or the relationship of the Parties hereunder (a “Dispute or Controversy”), including, but not limited to, a Dispute or Controversy relating to the effectiveness, validity, interpretation, implementation, termination, cancellation or enforcement of this Agreement, the parties shall first attempt in good faith to settle and resolve such Dispute or Controversy by mutual agreement in accordance with the terms of this Section 5.1. In the event a Dispute or Controversy arises, any party hereto shall have the right to notify the other party hereto that the notifying party has elected to implement the procedures set forth in this Section 5.1. Within fifteen (15) days after delivery of any such notice by one party to the other party regarding a Dispute or Controversy, a representative of each of the Parties shall meet at a mutually agreed time and place to attempt, with diligence and good faith, to resolve and settle such Dispute or Controversy. Should a mutual resolution and settlement not be obtained within fifteen (15) days after the meeting of the Parties’ representatives for such purpose, or such longer period as the Parties may mutually agree upon, then either Party may by notice to the other Party submit the Dispute or Controversy to arbitration in accordance with the provisions of Section 5.2. Upon the receipt of notice of referral to arbitration hereunder, the receiving Party shall be compelled to arbitrate the Dispute or Controversy in accordance with the terms of this Section 5.1 without regard to the justifiable character or executory nature of such Dispute or Controversy.

Appears in 1 contract

Samples: Convention Center Parking Agreement

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Settlement By Mutual Agreement. In the event any dispute, controversy or claim between or among the Parties hereto arises under this Agreement Lease or any right, duty or obligation arising herefrom or the relationship of the Parties hereunder (a “Dispute or Controversy”), including, but not limited to, a Dispute or Controversy relating to the effectiveness, validity, interpretation, implementation, termination, cancellation or enforcement of this AgreementLease, the parties Parties shall first attempt in good faith to settle and resolve such Dispute or Controversy by mutual agreement in accordance with the terms of this Section 5.19.5. In the event a Dispute or Controversy arises, any party hereto shall have the right to notify the other party hereto that the notifying party has elected to implement the procedures set forth in this Section 5.19.5. Within fifteen (15) days after delivery of any such notice by one party to the other party regarding a Dispute or Controversy, a representative of each of the Parties shall meet at a mutually agreed time and place to attempt, with diligence and good faith, to resolve and settle such Dispute or Controversy. Should a mutual resolution and settlement not be obtained within fifteen (15) days after the meeting of the Parties’ representatives for such purpose, or such longer period as the Parties may mutually agree upon, then either Party party may by notice to the other Party party submit the Dispute or Controversy to arbitration in accordance with the provisions of Section 5.2. Upon the receipt of notice of referral to arbitration hereunder, the receiving Party shall be compelled to arbitrate the Dispute or Controversy in accordance with the terms of this Section 5.1 without regard to the justifiable character or executory nature of such Dispute or Controversy.9.5(b)

Appears in 1 contract

Samples: Rangers Ballpark Lease Agreement

Settlement By Mutual Agreement. In the event any dispute, controversy or claim between or among the Parties hereto arises under this Funding Agreement or any other Principal Project Document (but as to any other Principal Project Document only to the extent the Sports Authority succeeds to the interests of HCSCC thereunder) or any right, duty or obligation arising herefrom therefrom or the relationship of the Parties hereunder thereunder (a “Dispute or Controversy”), including, but not limited to, a Dispute or Controversy relating to the effectiveness, validity, interpretation, implementation, termination, cancellation or enforcement of this AgreementFunding Agreement or, if applicable, any other Principal Project Document, the parties Parties shall first attempt in good faith to settle and resolve such Dispute or Controversy by mutual agreement in accordance with the terms of this Section 5.19.1. In the event a Dispute or Controversy arises, any party hereto Party shall have the right to notify the other party hereto others that the notifying party it has elected to implement the procedures set forth in this Section 5.19.1. Within fifteen (15) days after delivery of any such notice by one party Party to the other party others regarding a Dispute or Controversy, a representative of each of the Parties Representatives shall meet at a mutually agreed time and place to attempt, with diligence and good faith, to resolve and settle such Dispute or Controversy. Should a mutual resolution and settlement not be obtained within fifteen (15) days after the meeting of the Parties’ representatives Representatives for such purpose, or such longer period as the Parties may mutually agree upon, then either any Party may by notice to the other Party Parties submit the Dispute or Controversy to arbitration in accordance with the provisions of Section 5.2. Upon the receipt of notice of referral to arbitration hereunder, the receiving Party shall be compelled to arbitrate the Dispute or Controversy in accordance with the terms of this Section 5.1 without regard to the justifiable character or executory nature of such Dispute or Controversy.9.2

Appears in 1 contract

Samples: Funding Agreement

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Settlement By Mutual Agreement. In the event any dispute, controversy or claim between or among the Parties hereto arises under this Agreement Lease or any right, duty or obligation arising herefrom or the relationship of the Parties hereunder (a “Dispute or Controversy”), including, but not limited to, a Dispute or Controversy relating to the effectiveness, validity, interpretation, implementation, termination, cancellation or enforcement of this AgreementLease, the parties Parties shall first attempt in good faith to settle and resolve such Dispute or Controversy by mutual agreement in accordance with the terms of this Section 5.19.5. In the event a Dispute or Controversy arises, any party hereto shall have the right to notify the other party hereto that the notifying party has elected to implement the procedures set forth in this Section 5.19.5. Within fifteen (15) days after delivery of any such notice by one party to the other party regarding a Dispute or Controversy, a representative of each of the Parties shall meet at a mutually agreed time and place to attempt, with diligence and good faith, to resolve and settle such Dispute or Controversy. Should a mutual resolution and settlement not be obtained within fifteen (15) days after the meeting of the Parties’ representatives for such purpose, or such longer period as the Parties may mutually agree upon, then either Party party may by notice to the other Party party submit the Dispute or Controversy to arbitration in accordance with the provisions of Section 5.2. Upon the receipt of notice of referral to arbitration hereunder, the receiving Party shall be compelled to arbitrate the Dispute or Controversy in accordance with the terms of this Section 5.1 without regard to the justifiable character or executory nature of such Dispute or Controversy.9.5(b) and

Appears in 1 contract

Samples: Funding and Closing Agreement

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