Common use of Disputed Amount Clause in Contracts

Disputed Amount. In the event that Taconic reasonably disputes any part of any invoice for the rendition of Services by Transnetyx (each, a “Disputed Amount”), Taconic shall promptly notify Transnetyx in writing of such Disputed Amount and shall provide sufficient details of the grounds for such Disputed Amount but shall pay the full amount of any such invoice and all other invoices in full in accordance with the terms and conditions of this Section 4. The Parties will promptly enter into good faith discussions with a view toward resolving any issues relating to such Disputed Amount. If the Parties mutually agree in writing that Taconic is not required to pay such Disputed Amount, Transnetyx shall promptly repay to Taconic the Disputed Amount.

Appears in 2 contracts

Sources: Services Agreement (BGS Acquisition Subsidiary, Inc.), Services Agreement (BGS Acquisition Subsidiary, Inc.)