Common Contracts
1 similar Operating Agreement contracts
Operating Agreement – Section 4.1 of Schedule 5 – Arbitration REDLINEOperating Agreement • January 21st, 2016
resolved through the mediation procedures specified herein, (ii) involving a claim that one or more of the parties owes or is owed a sum of money, and (iii) the amount in controversy is less than $1,000,000.00, shall be subject to binding arbitration in accordance with the procedures specified herein. If the parties so agree, any other disputes as to a matter governed by a Related PJM Agreement may be submitted to binding arbitration in accordance with the procedures specified herein. Notwithstanding the foregoing, any dispute between the Transmission Provider and any Member(s) involving a matter of law related to the PJM Agreements or involving applications for rate changes or other changes to the Related PJM Agreements or Service Agreements entered into under the Tariff shall be presented directly to the Commission for resolution.
