Mutual Commitment to Good Faith Negotiations Clause Samples

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Mutual Commitment to Good Faith Negotiations. Both parties agree to meet at reasonable times and places to negotiate in good faith effort to reach agreement in accordance with Florida Statute 447. During the course of negotiations, the parties or their designees agree to make proposals and counterproposals. Neither party shall be required to make a concession. Articles tentatively agreed to shall be initialed by each party and dated, and shall be set aside subject to ratification of the Agreement.
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Mutual Commitment to Good Faith Negotiations. Good faith negotiations require a free and open exchange of views by both parties. Therefore, both parties agree to meet at reasonable times and places. Scheduling will remain flexible to negotiate in a good faith effort to reach an agreement in accordance with TCA. During such negotiations the board and the Association will preserve data, exchange points of view, and make the proposals.
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Mutual Commitment to Good Faith Negotiations. Good faith negotiations requires a free and open exchange of views by the parties involved in the negotiations; therefore, both parties agree to meet at reasonable times and places to negotiate in a good faith effort to reach agreement in accordance with Chapter 20 of the Iowa Code. Articles tentatively agreed to shall be initialed by each party, and shall be set aside subject to ratification of the agreement.
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Mutual Commitment to Good Faith Negotiations. Good faith negotiations require a free and open exchange of views by the parties involved in the negotiations; therefore, both parties agree to meet at reasonable times and places, to negotiate in good faith effort to reach agreement in accordance with Florida Statutes 447.
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Mutual Commitment to Good Faith Negotiations. Good faith negotiation requires a free and open exchange of views by the parties involved in the negotiations. Articles tentatively agreed to shall be initialed by each party and dated and shall be set aside subject to ratification of the agreement.
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Related to Mutual Commitment to Good Faith Negotiations

  • Termination of Commitment to Lend Notwithstanding anything in the Loan Documents, each Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower hereunder shall terminate on the earlier of (i) at each Lender’s sole election, the occurrence of any Default or Event of Default hereunder, and (ii) the Commitment Termination Date. Notwithstanding the foregoing, each Lender’s obligation to lend the undisbursed portion of the Commitment Amount to Borrower shall terminate if, in such Lender’s commercially reasonable judgment, there has been a material adverse change in the general affairs, management, results of operations, or financial condition of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the business plan of Borrower presented to Lenders on or before the date of this Agreement.