Common use of Termination of Mediation Clause in Contracts

Termination of Mediation. (a) The Parties agree that either Party may terminate the mediation if: (i) 20 Business Days have expired since the start of the mediation of the Dispute; and (ii) the Dispute has not been resolved, unless the mediator (acting reasonably) is satisfied that a resolution of the Dispute is imminent.

Appears in 5 contracts

Sources: Storage & Handling Agreement, Storage & Handling Agreement, Storage & Handling Agreement

Termination of Mediation. (a) The Parties agree that either Party may terminate the mediation if: (i) 20 Business Days have expired since the start of the mediation of the Dispute; and (ii) the Dispute has not been resolved, unless the mediator (acting reasonably) is satisfied that a resolution of the Dispute is imminent.

Appears in 1 contract

Sources: Packing & Processing Agreement

Termination of Mediation. (a) The Parties agree that either Party may terminate the mediation if: (ia) 20 Business Days have expired since the start of the mediation of the Dispute; and (iib) the Dispute has not been resolved, unless the mediator (acting reasonably) is satisfied that a resolution of the Dispute is imminent.

Appears in 1 contract

Sources: Packing & Processing Agreement