Arbitration or Mediation. All disputes arising from this Agreement shall be resolved by binding arbitration. Prior to initiating arbitration and subject to Section 5.1(b), any dispute under this Agreement between Seller and Buyer shall, at the request of any Party, be referred to a senior representative of each of the Parties for resolution on an informal basis as promptly as practicable. In the event the senior representatives are unable to resolve the dispute, the matter may, within thirty (30) days of the senior representatives’ failure to reach agreement, be submitted by either Party to binding arbitration consistent with subsection (c).
Appears in 2 contracts
Sources: Renewable Energy Power Purchase Agreement, Renewable Energy Power Purchase Agreement