Common use of Settlement By Mutual Agreement Clause in Contracts

Settlement By Mutual Agreement. In the event any dispute, controversy or claim between the Parties arises under this Lease Agreement or any right, duty or obligation arising here from 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 Lease 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 Article. In the event a Dispute or Controversy arises, either Party shall have the right to notify the other that it has elected to implement the procedures set forth in this Article. Within fifteen (15) days after delivery of any such notice by one Party to the other regarding a Dispute or Controversy, the Landlord Representative and Tenant Representative 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 at the meeting of the Landlord Representative and Tenant Representative for such purpose or should no such meeting take place within such fifteen (15) day period, then either Party may by notice the other Party submit the Dispute or Controversy to mediation in accordance with the provisions of this Article.

Appears in 2 contracts

Samples: Lease Agreement, Lease 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 Lease Agreement or any right, duty or obligation arising here from 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 Lease AgreementLease, the Parties shall first attempt in good faith to, to settle and resolve such Dispute or Controversy by mutual agreement in accordance with the terms of this ArticleSection 9.5. In the event a Dispute or Controversy arises, either Party any party hereto shall have the right to notify the other party hereto that it the notifying party has elected to implement the procedures set forth in this ArticleSection 9.5. Within fifteen (15) days after delivery of any such notice by one Party party to the other party regarding a Dispute or Controversy, a representative of each of the Landlord Representative and Tenant Representative 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 at within fifteen (15) days after the meeting of the Landlord Representative and Tenant Representative Parties’ representatives for such purpose purpose, or should no such meeting take place within such fifteen (15) day periodlonger 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 mediation arbitration in accordance with the provisions of this Article.Section 9.5(b) and

Appears in 1 contract

Samples: Ballpark Funding and Closing Agreement

Settlement By Mutual Agreement. In the event any dispute, controversy or claim between the Parties arises under this Lease Agreement or any right, duty or obligation arising here from 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 Lease Agreement, the Parties shall first attempt in good faith to, to settle and resolve such Dispute or Controversy by mutual agreement in accordance with the terms of this Article. In the event a Dispute or Controversy arises, either Party shall have the right to notify the other that it has elected to implement the procedures set forth in this Article. Within fifteen (15) days after delivery of any such notice by one Party to the other regarding a Dispute or Controversy, the Landlord Representative and Tenant Representative 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 at the meeting of the Landlord Representative and Tenant Representative for such purpose or should no such meeting take place within such fifteen (15) day period, then either Party may by notice the other Party submit the Dispute or Controversy to mediation in accordance with the provisions of this Article.

Appears in 1 contract

Samples: Lease 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 Lease Agreement or any right, duty or obligation arising here from 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 Lease Agreement, the Parties parties shall first attempt in good faith to, to settle and resolve such Dispute or Controversy by mutual agreement in accordance with the terms of this ArticleSection 5.1. In the event a Dispute or Controversy arises, either Party any party hereto shall have the right to notify the other party hereto that it the notifying party has elected to implement the procedures set forth in this ArticleSection 5.1. Within fifteen (15) days after delivery of any such notice by one Party party to the other party regarding a Dispute or Controversy, a representative of each of the Landlord Representative and Tenant Representative 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 at within fifteen (15) days after the meeting of the Landlord Representative and Tenant Representative Parties’ representatives for such purpose purpose, or should no such meeting take place within such fifteen (15) day periodlonger period as the Parties may mutually agree upon, then either Party may by notice to the other Party submit the Dispute or Controversy to mediation 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 ArticleSection 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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