Common use of Appointment of Arbitrators Clause in Contracts

Appointment of Arbitrators. Each party shall appoint an arbitrator, and the two arbitrators so appointed shall appoint the third arbitrator. The party initiating the arbitration shall appoint its arbitrator at the commencement of the arbitration. The other party shall appoint its arbitrator within thirty (30) days of the commencement of the arbitration. If the arbitrators appointed by the parties fail to appoint the third arbitrator within sixty (60) days of the commencement of the arbitration, the AAA shall appoint the third arbitrator following consultation with the parties.

Appears in 16 contracts

Samples: License Agreement (Ceres, Inc.), Production and License Agreement (Ceres, Inc.), Agreement (Ceres, Inc.)

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Appointment of Arbitrators. Each The party shall desiring arbitration will appoint one arbitrator, and will notify the other party of such appointment, and the other party will, within 15 days after receiving such notice, appoint an arbitrator, and the two arbitrators so named, before proceeding to act, will, within 15 days after the appointment of the last appointed shall appoint arbitrator, unanimously agree on the appointment of a third arbitrator. The party initiating arbitrator to act with them and be chairman of the arbitration shall appoint its arbitrator at the commencement of the arbitration. The other party shall appoint its arbitrator within thirty (30) days of the commencement of the arbitration. If the arbitrators appointed by the parties fail to appoint the third arbitrator within sixty (60) days of the commencement of the arbitration, the AAA shall appoint the third arbitrator following consultation with the partiesherein provided for.

Appears in 4 contracts

Samples: Option to Purchase and Royalty Agreement (Bullfrog Gold Corp.), Option to Purchase and Royalty Agreement (Bullfrog Gold Corp.), Option Agreement (Bullfrog Gold Corp.)

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Appointment of Arbitrators. Each Within 15 days after the commencement of arbitration, each party shall appoint an arbitrator, select one person to act as arbitrator and the two arbitrators so appointed selected shall appoint the select a third arbitrator. The party initiating the arbitration shall appoint its arbitrator at the commencement of the arbitration. The other party shall appoint its arbitrator within thirty ten (3010) days of the commencement their appointment. The arbitrators will be selected from a panel of persons having experience with and knowledge of the arbitrationsubject matter of the Agreement, and at least one of the arbitrators selected will be an attorney or a retired judge. If the arbitrators appointed selected by the parties are unable or fail to appoint agree upon the third arbitrator, the third arbitrator within sixty (60) days of shall be selected by the commencement of the arbitration, the AAA shall appoint the third arbitrator following consultation with the partiesAAA.

Appears in 2 contracts

Samples: Termination Agreement (American Sands Energy Corp.), Gross Royalty Agreement (American Sands Energy Corp.)

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