Common use of Subsequent Agreements Clause in Contracts

Subsequent Agreements. Whenever this Agreement requires the Parties to attempt to reach agreement on any matter, each Party shall use commercially reasonable efforts to reach agreement with the other Party, negotiating in good faith in a manner characterized by honesty in fact and the observance of reasonable commercial standards of fair dealing. Any failure of the Parties to reach agreement where agreement is required shall constitute a Dispute and may be submitted by a Party for resolution pursuant to the Dispute Resolution Procedure.

Appears in 6 contracts

Samples: Lil Assets Agreement, Remedies Agreement, Transmission Funding Agreement

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