Common use of Specific Terms Dispute Resolution Clause in Contracts

Specific Terms Dispute Resolution. 1. Any dispute that is addressed by the provisions set forth in the Injunctive Relief terms in Exhibit P shall be resolved as provided therein. 2. In the event ▇▇▇▇▇▇▇ believes the 86.5% threshold established in subsection VI.B.1 is not being satisfied, any Party may request that ▇▇▇▇▇▇▇ and the Enforcement Committee meet and confer regarding the use of funds under subsection VI.B.1. The completion of such meet-and-confer process is a precondition to further action regarding any such dispute. Further action concerning subsection VI.B.1 shall: (i) be limited to ▇▇▇▇▇▇▇ seeking to reduce its Annual Payments by no more than 5% of the difference between the actual amount of Opioid Remediation and the 86.5% threshold established in subsection VI.B.1; (ii) only reduce Annual Payments to those Settling States and its Participating Subdivisions that are below the 86.5% threshold established in subsection VI.B.1; and (iii) not reduce Annual Payments restricted to future Opioid Remediation.

Appears in 14 contracts

Sources: Settlement Agreement, Settlement Agreement, Settlement Agreement

Specific Terms Dispute Resolution. 1. Any dispute that is addressed by the provisions set forth in the Injunctive Relief terms in Exhibit P shall be resolved as provided therein. 2. In the event ▇▇▇▇▇▇▇ believes the 86.5% threshold established in subsection VI.B.1 is not being satisfied, any Party may request that ▇▇▇▇▇▇▇ and the Enforcement Committee meet and confer regarding the use of funds under subsection VI.B.1. The completion of such meet-and-confer process is a precondition to further action regarding any such dispute. Further action concerning subsection VI.B.1 shall: (i) be limited to ▇▇▇▇▇▇▇ Janssen seeking to reduce its Annual Payments by no more than 5% of the difference between the actual amount of Opioid Remediation and the 86.5% threshold established in subsection VI.B.1; (ii) only reduce Annual Payments to those Settling States and its Participating Subdivisions that are below the 86.5% threshold established in subsection VI.B.1; and (iii) not reduce Annual Payments restricted to future Opioid Remediation.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement