Common use of Negotiation to Resolve Disputes Clause in Contracts

Negotiation to Resolve Disputes. If a Dispute arises, the Disputing Members shall attempt to resolve such Dispute through the following procedure, unless otherwise mutually agreed by the Disputing Members: (a) first, an executive officer of each of the Disputing Members shall promptly meet (whether by phone or in person) in a good faith attempt to resolve the Dispute; (b) second, if the Dispute is still unresolved after 20 Days following the commencement by any Disputing Member of the negotiations described in Section 10.02(a), then the chief executive officer (or his designee) of the immediate parent company of each Disputing Member shall meet (whether by phone or in person) in a good faith attempt to resolve the Dispute; and (c) third, if the Dispute is still unresolved after 10 Days following the commencement by any Disputing Member of the negotiations described in Section 10.02(b), then any Disputing Party may submit such Dispute to binding arbitration under this Article 10 by notifying the other Disputing Members (an "ARBITRATION NOTICE").

Negotiation to Resolve Disputes. If a Dispute arises, the Disputing Members Parties shall attempt to resolve such Dispute through the following procedure, unless otherwise mutually agreed by the Disputing MembersParties: (a) first, an executive officer of each of the Disputing Members Parties shall promptly meet (whether by phone or in person) in a good faith attempt to resolve the Dispute; (b) second, if the Dispute is still unresolved after 20 Days following the commencement by any Disputing Member Party of the negotiations described in Section 10.02(a7.02(a), then the chief executive officer (or his designee) of the immediate parent company of each Disputing Member Party shall meet (whether by phone or in person) in a good faith attempt to resolve the Dispute; and (c) third, if the Dispute is still unresolved after 10 5 Days following the commencement by any Disputing Member Party of the negotiations described in Section 10.02(b7.02(b), then any Disputing Party may submit such Dispute to binding arbitration under this Article 10 7 by notifying the other Disputing Members Parties (an "ARBITRATION NOTICE").