Common use of EXPERT INTERVENTION AND ARBITRATION Clause in Contracts

EXPERT INTERVENTION AND ARBITRATION. If within the thirty Days mentioned, the senior executives of the Parties cannot reach an agreement or decision, or if within the fifteen Days mentioned, no agreement or decision adopted is signed, either Party may resort to the mechanisms provided for in Subsections 27.2.1, 27.2.2, and 27.2.4, as the case may be, and as follows:

Appears in 2 contracts

Sources: Exploration and Exploitation Contract, Exploration and Exploitation Contract (Harken Energy Corp)

EXPERT INTERVENTION AND ARBITRATION. If within the thirty Days (30) days mentioned, the senior executives of the Parties cannot reach an agreement or decision, or if within the fifteen Days (15) days mentioned, no agreement or decision adopted is signed, either Party may resort to the mechanisms provided for in Subsections 27.2.117.2.1, 27.2.217.2.2, and 27.2.417.2.4, as the case may be, and as follows:

Appears in 1 contract

Sources: Technical Evaluation Agreement (Harken Energy Corp)