Amicable Settlement and Dispute Resolution. i. Either Party is entitled to raise any claim, dispute or difference of whatever nature arising under, out of or in connection with this Agreement ( “Dispute”) by giving a written notice (Dispute Notice) to the other Party, which shall contain: a. a description of the Dispute; b. the grounds for such Dispute; and c. all written material in support of its claim. ii. The other Party shall, within thirty (30) days of issue of Dispute Notice issued under Article (i), furnish: a. counter-claim and defences, if any, regarding the Dispute; and b. all written material in support of its defences and counter-claim. iii. Within thirty (30) days of issue of Dispute Notice by any Party pursuant to Article 18.2.1(i) if the other Party does not furnish any counter claim or defense under Article 18.2.1(ii) or thirty (30) days from the date of furnishing counter claims or defense by the other Party, both the Parties to the Dispute shall meet to settle such Dispute amicably. If the Parties fail to resolve the Dispute amicably within thirty (30) days from the later of the dates mentioned in this Article 18.2.1 (iii), the Dispute shall be referred for dispute resolution in accordance with Article 18.3.
Appears in 7 contracts
Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Amicable Settlement and Dispute Resolution. i. Either Party is entitled to raise any claim, dispute or difference of whatever nature arising under, out of or in connection with this Agreement ( (“Dispute”) by giving a written notice (Dispute Notice) to the other Party, which shall contain:
a. a description of the Dispute;
b. the grounds for such Dispute; and
c. all written material in support of its claim.
ii. The other Party shall, within thirty (30) days of issue of Dispute Notice issued under Article Clause 18.2 (i), furnish:
a. counter-claim and defencesdefenses, if any, regarding the Dispute; and
b. all written material in support of its defences defenses and counter-claim.
iii. Within thirty (30) days of issue of Dispute Notice by any Party pursuant to Article 18.2.1(iClause 18.2 (i) if the other Party does not furnish any counter claim or defense under Article 18.2.1(iiClause 18.2 (ii) or thirty (30) days from the date of furnishing counter claims or defense by the other Party, both the Parties to the Dispute shall meet to settle such Dispute amicably. If the Parties fail to resolve the Dispute amicably within thirty (30) days from the later of the dates mentioned in this Article 18.2.1 Clause 18.2 (iii), the Dispute shall be referred for dispute resolution in accordance with Article Clause 18.3.
Appears in 2 contracts
Sources: Pumped Hydro Energy Storage Facility Agreement, Pumped Hydro Energy Storage Facility Agreement
Amicable Settlement and Dispute Resolution. i. Either Party is entitled to raise any claim, dispute or difference of whatever nature arising under, out of or in connection with this Agreement ( (“Dispute”) by giving a written notice (Dispute Notice) to the other Party, which shall contain:
a. a description of the Dispute;
b. the grounds for such Dispute; and
c. all written material in support of its claim.
ii. The other Party shall, within thirty (30) days of issue of Dispute Notice issued under Article (i), furnish:
a. counter-claim and defences, if any, regarding the Dispute; and
b. all written material in support of its defences and counter-claim.
iii. Within thirty (30) days of issue of Dispute Notice by any Party pursuant to Article 18.2.1(i) if the other Party does not furnish any counter claim or defense under Article 18.2.1(ii) or thirty (30) days from the date of furnishing counter claims or defense by the other Party, both the Parties to the Dispute shall meet to settle such Dispute amicably. If the Parties fail to resolve the Dispute amicably within thirty (30) days from the later of the dates mentioned in this Article 18.2.1 (iii), the Dispute shall be referred for dispute resolution in accordance with Article 18.3.
Appears in 1 contract