Common use of Statement of Claim Clause in Contracts

Statement of Claim. (a) In the event a dispute is not resolved through good-faith negotiations, any one of the parties may submit in writing a statement of claim to the AAA, to each other disputing party that was involved in good faith negotiations under Section 2 and to the PX. Such submission shall constitute commencement of the dispute resolution process. (b) The statement of claim shall set forth in reasonable detail (i) each claim, (ii) the relief sought, including the proposed award, if applicable, (iii) a summary of the grounds for such relief and the basis for each claim, (iv) the parties to the dispute, (v) the individuals having knowledge of each claim and (vi) a summary of the claim suitable for publication by the PX. (c) The other disputing parties identified in the statement of claim prepared pursuant to Section 3(a) shall similarly submit in writing to the AAA their respective statement of claim (which may be a response) and a summary of their claim (or response) suitable for publication by the PX within fourteen (14) days of the submission of the initial statement of claim or such longer time period as the AAA may permit following application by the responding party. (d) Any responding party wishing to submit a counterclaim must do so in writing and include such counterclaim in their responsive statement of claim. (e) The PX in the PX newsletter, electronic bulletin board, or any other method adopted by the PX ADR Committee, shall, within fourteen (14) days of receipt by the PX of the statement(s) of claim, publish a summary of any such statements. No Market Participant shall be considered as having received notice of a Schedule 7.3 - Page 2 claim decided or relief granted by a decision made under the Procedures unless the summary of the statement(s) of claim published by the PX includes such claim or relief.

Statement of Claim. (a) In the event a dispute is not resolved through good-faith negotiations, any one of the parties may submit in writing a statement of claim to the AAA, to each other disputing party that was involved in good faith negotiations under Section 2 and to the PX. Such submission shall constitute commencement of the dispute resolution process. (b) The statement of claim shall set forth in reasonable detail (i) each claim, (ii) the relief sought, including the proposed award, if applicable, (iii) a summary of the grounds for such relief and the basis for each claim, (iv) the parties to the dispute, (v) the individuals having knowledge of each claim and (vi) a summary of the claim suitable for publication by the PX. (c) The other disputing parties identified in the statement of claim prepared pursuant to Section 3(a) shall similarly submit in writing to the AAA their respective statement of claim (which may be a response) and a summary of their claim (or response) suitable for publication by the PX within fourteen (14) days of the submission of the initial statement of claim or such longer time period as the AAA may permit following application by the responding party. (d) Any responding party wishing to submit a counterclaim must do so in writing and include such counterclaim in their responsive statement of claim. (e) The PX in the PX newsletter, electronic bulletin board, or any other method adopted by the PX ADR Committee, shall, within fourteen (14) days of receipt by the PX of the statement(s) of claim, publish a summary of any such statements. No Market Participant shall be considered as having received notice of a Schedule 7.3 - Page 2 claim decided or relief granted by a decision made under the Procedures unless the summary of the statement(s) of claim published by the PX includes such claim or relief.

Statement of Claim. (a) In the event a dispute is not resolved through good-faith negotiations, any one of the parties may submit in writing a statement of claim to the AAA, to each other disputing party that was involved in good faith negotiations under Section 2 and to the PX. Such submission shall constitute commencement of the dispute resolution process. (b) The statement of claim shall set forth in reasonable detail (i) each claim, (ii) the relief sought, including the proposed award, if applicable, (iii) a summary of the grounds for such relief and the basis for each claim, (iv) the parties to the dispute, (v) the individuals having knowledge of each claim and (vi) a summary of the claim suitable for publication by the PX. (c) The other disputing parties identified in the statement of claim prepared pursuant to Section 3(a) shall similarly submit in writing to the AAA their respective statement of claim (which may be a response) and a summary of their claim (or response) suitable for publication by the PX within fourteen (14) days of the submission of the initial statement of claim or such longer time period as the AAA may permit following application by the responding party. (d) Any responding party wishing to submit a counterclaim must do so in writing and include such counterclaim in their responsive statement of claim. (e) The PX in the PX newsletter, electronic bulletin board, or any other method adopted by the PX ADR Committee, shall, within fourteen (14) days of receipt by the PX of the statement(s) of claim, publish a summary of any such statements. No Market Participant shall be considered as having received notice of a Schedule 7.3 - Page 2 claim decided or relief granted by a decision made under the Procedures unless the summary of the statement(s) of claim published by the PX includes such claim or relief.