Settlement Dispute definition

Settlement Dispute means one or more defaults or disputes between GM and any of the Debtors in which (i) the aggregate amount in controversy (including the monetary value or impact of any injunctive relief) exceeds $500,000 (five hundred thousand dollars) and (ii) the claims asserted require the application or construction of this Agreement, the attachments or exhibits hereto (except for the Restructuring Agreement), or the provisions of the Plan relating to the subject matter of this Agreement. By way of clarification, it is not intended by the Parties that the term Settlement Dispute shall include commercial disputes that arise in the ordinary course of business with respect to the various current and future contracts pursuant to which any of the Debtors and/or the Delphi Affiliate Parties supplies components, component systems, goods, or services to any of the GM-Related Parties.
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Settlement Dispute means one or more defaults or disputes between GM and any of the Debtors in which (i) the aggregate amount in controversy (including the monetary value or impact of any injunctive relief) exceeds $500,000 (five hundred thousand dollars) and (ii) the claims asserted require the application or construction of this Agreement, the attachments or exhibits hereto (except for the Restructuring Agreement), or the provisions of the Plan relating to the subject matter of this Agreement. By way of clarification, it is not intended by the Parties that the term Settlement Dispute shall include commercial disputes that arise in the ordinary course of business with respect to the various current and future contracts pursuant to which any of the Debtors and/or the Delphi Affiliate Parties supplies components, component systems, goods, or services to any of the GM-Related Parties. Section 1.121 “Splinter Union Employees” shall mean the Delphi hourly employees or retirees who are or were represented by the IAM, the IBEW, or the IUOE. Section 1.122 “Standard GM Terms” shall mean the GM Terms and Conditions as revised in September 2004. Section 1.123 “Transferred Asset Amount” shall have the meaning ascribed to such term in section 2.03(c)(iii)(1) hereof. Section 1.124 “Transfer Date” shall have the meaning ascribed to such term in section 2.03(c)(iii)(1) hereof. Section 1.125 “True-up Amount” shall have the meaning ascribed to such term in section 2.03(c)(iii)(2)(B) hereof. GSA-15
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Settlement Dispute means any Dispute which arises out of a failure to resolve a Settlement Query or a Data Query in accordance with the Code.
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Examples of Settlement Dispute in a sentence

  • In the event that GM’s Director of Business Development and Delphi’s Finance Director of Automotive Holdings Group or the Director, Strategic Planning are unable to resolve such dispute, such Settlement Dispute shall be referred, at either Party’s written request, to the Assistant Treasurer of GM and the Assistant Treasurer or Treasurer of Delphi (at Delphi’s discretion).

  • No consent, approval, order or authorization of or registration, qualification, designation, declaration or filing with, any U.S. federal, state or local governmental authority is required in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement.

  • If within ten (10) days after such referral, GM’s Assistant Treasurer and Delphi’s Assistant Treasurer or Treasurer are unable to resolve the Settlement Dispute, the Settlement Dispute may be elevated by either Party to GM’s Treasurer or Chief Financial Officer (at GM’s discretion) and Delphi’s Chief Executive Officer or Chief Financial Officer (at Delphi’s discretion) for resolution.

  • If a notice of objection in respect of a Net Settlement Statement is provided by the Reinsurer to the Cedant, the Net Settlement Dispute Representatives of each of the Cedant and the Reinsurer shall attempt in good faith to resolve any such objections between themselves.

  • The set of settlement runs to be carried out for each settlement day will consist of:  Interim Initial Settlement; Initial Settlement; Reconciliation Settlement (3 runs) Final Reconciliation; Settlement Dispute (runs as necessary).The settlement calendar will be constructed so as to smooth the processing of these settlement runs, as necessary, across available working days with the aim of reducing the necessity of running more than ten settlements runs on any given day.

  • If any Final Settlement Dispute is submitted to the Accounting Referee under this Section 14.1, then the Final First Closing Purchase Price or Final Second Closing Purchase Price, as applicable, as determined by the Accounting Referee and set forth in its report, shall be final, binding, and conclusive on all Parties.

  • If any Final Settlement Dispute is submitted to the Accounting Referee under this Section 14.1, then the Final Purchase Price, as determined by the Accounting Referee and set forth in its report, shall be final, binding, and conclusive on all Parties.

  • WTO, Dispute Settlement: Dispute DS363, China – Measures Affecting Trading Rights and Distribution Services for Certain Publications and Audiovisual Entertainment Products, 2009, whereas the latter case is still under consultation.Based on the seven cases filed by the U.S. against China, the U.S. strategy has largely been successful – either China settled or the U.S. obtained a favorable decision.

  • If such Net Settlement Dispute Representatives are unable to resolve any such objections within ten (10) Business Days, such objections shall be referred to the senior management of each of the Cedant and the Reinsurer for resolution.

  • In the event that the Raising Party or, where the Raising Party is the Market Operator, an Affected Participant, is not satisfied with the Market Operator’s determination of a Settlement Query, they may raise a Settlement Dispute under Agreed Procedure 14 “Disputes” within 5 Working Days of receipt of the Market Operator’s determination.

Related to Settlement Dispute

  • Relevant Dispute means any difference between the parties arising out of or in connection with this contract; "Relevant Force Majeure Event" has the meaning ascribed to it in Clause 17.1;

  • Agreement Disputes shall have the meaning set forth in Section 10.1.

  • Formal Dispute means a written objection by an Interested Party to any of the following: i. A solicitation or other request by OGS for offers for a contract for the procurement of commodities, services or technology. ii. The cancellation of the solicitation or other request by OGS. iii. An award or proposed award of the Contract by OGS. iv. A termination or cancellation of an award of the Contract by OGS. v. Changes in the scope of the Centralized Contract by the Commissioner. vi. Determination of “materiality” in an instance of nonperformance or contractual breach. vii. An equitable adjustment in the Centralized Contract terms and/or pricing made by the Commissioner during a Force Majeure event.

  • Arbitrable Dispute means any dispute arising under or in connection with this Agreement.

  • Tax Dispute has the meaning set forth in Section 5.06.

  • Legal Dispute means any action, suit or proceeding between or among the Parties arising in connection with any disagreement, dispute, controversy or claim arising out of or relating to this Agreement or any related document.

  • Dispute means any dispute, controversy, claim or difference of whatever nature arising out of, relating to, or having any connection with this Agreement, including a dispute regarding the existence, formation, validity, interpretation, performance or termination of this Agreement or the consequences of its nullity and also including any dispute relating to any non-contractual rights or obligations arising out of, relating to, or having any connection with this Agreement.

  • Dispute Board (DB) means the person or persons named as such in the SCC appointed by agreement between the Procuring Entity and the Contractor to make a decision with respect to any dispute or difference between the Procuring Entity and the Contractor referred to him or her by the Parties pursuant to GCC Sub-Clause 46.1 (Dispute Board) hereof.

  • Disputed Item has the meaning set forth in Section 2.04(b).

  • Dispute Period shall have the meaning specified in Section 9.3(a).

  • Billing Dispute means the dispute of an invoice prepared by an Operator to the Other Operator which is made in good faith.

  • Technical Dispute has the meaning specified in Section 12.2;

  • Dispute Date means, with respect to a Dispute, the date on which a Dispute Notice is effectively delivered by one party to the other party save that if, with respect to a Dispute, both parties deliver a Dispute Notice, the date on which the first in time of such notices is effectively delivered will be the Dispute Date. Each Dispute Notice will be effectively delivered if delivered in the manner agreed between the parties for the giving of notices in respect of this Agreement.

  • trade dispute means any dispute or difference between employers and workmen, or between workmen and workmen, connected with the employment or non-employment, or the terms of employment, or with the conditions of labour, of any person;

  • Reconciliation Dispute has the meaning set forth in Section 7.9 of this Agreement.

  • Settlement Claim means a claim for settlement benefits made under the terms of this Settlement Agreement.

  • Arbitration Panel shall have the meaning set forth in Section 3 hereof.

  • Arbitration Tribunal means an organ composed of an odd number of persons known as arbitrators, who decide on the solution of a conflict in which the parties have expressly waived recourse to the ordinary civil courts

  • Labor dispute as used here, means a strike, lockout, or other labor dispute between the Employer and its Employees, during which time the Employee is not paid by the Employer.

  • Billing Dispute Notice means a formal, written notice submitted to HUGE by the Customer in terms of this Procedure.

  • Disputed Items has the meaning specified in Section 2.7(c).

  • Mediation means any process in which a mediator facilitates communication and negotiation between the parties to assist them in reaching a voluntary agreement regarding their dispute.

  • Disagreement means a difference of opinion between personnel of a reporting issuer responsible for finalizing the reporting issuer’s financial statements and the personnel of a predecessor auditor responsible for authorizing the issuance of audit reports on the reporting issuer’s financial statements or authorizing the communication of the results of the auditor’s review of the reporting issuer’s interim financial report, if the difference of opinion

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Arbitration Award shall have the meaning given such term in Section 22.5.

  • Arbitration means any arbitration whether or not administered by a permanent arbitral institution;