Arbitral Awards Sample Clauses

Arbitral Awards. (i) The arbitration award shall be in writing and shall specify the factual and legal bases for the award. (ii) Neither Grantor nor Grantee shall be entitled to, and no award shall include any amount for, lost profits or revenues, lost business opportunities, business interruption, or punitive or exemplary damages for any claim arbitrated pursuant to this Section 5.9. (iii) The arbitrators shall be entitled to a fee commensurate with their fees for professional services requiring similar time and effort. The fees of the arbitrators and other costs of the arbitration shall be borne equally by the parties, except when the arbitrators decide to impose the total cost on the defeated party.

Arbitral Awards. The arbitral award shall be in writing in English, shall not be contrary to the governing law of this Agreement, shall not award damages excluded by Section 11, shall provide reasons for the award, and shall be final and binding upon the Parties hereto. The losing Party shall pay all reasonable out-of-pocket expenses (including, without limitation, reasonable attorneys’ fees) incurred by the prevailing Party, as determined by the arbitrators, in connection with any Dispute unless the arbitrators direct otherwise. Each Party waives any right it may have by statute, treaty or law to contest the jurisdiction or venue of any court or service made pursuant to Section 14.7 hereof in an action or proceeding to enforce an arbitral award, and each Party agrees that the validity of arbitral awards shall only be challenged in accordance with Article V of the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

Arbitral Awards. Judgment on the award rendered by the arbitrators is final and binding upon the parties, except to the extent it may be challenged under the law. The parties hereby consent to the non-exclusive jurisdiction of the state or federal courts of the State of Texas for the enforcement of any award rendered by the arbitrators. NOTICE: BY INITIALING IN THE SPACE, BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THIS AGREEMENT DECIDED BY NEUTRAL ARBITRATION AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN THE SPACE BELOW, YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THIS Article 28. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER TEXAS LAW. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY. WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THIS AGREEMENT TO NEUTRAL ARBITRATION. /s/ MSC /s/ SLL ------------------- ---------------------- Initials for Seller Initials for Purchaser

Arbitral Awards. The arbitration award shall be substantiated in writing. The arbitration tribunal shall decide on the matter of costs of the arbitration and on the allocation of expenditure among the respective Parties to the arbitration proceedings.

Arbitral Awards. Decisions of the Arbitration Council are called arbitral awards. Arbitral Awards of the Arbitration Council must be implemented unless one of the parties to a dispute objects to the award within 8 calendar days of being notified of it. In this case the award is cancelled. If there is no objection to the award, the parties have to comply and the employer must post a copy of the award in the workplace and in the office of the local Labour Inspectorate. CONSTITUTION ART 37 LABOUR LAW ARTS 318-337 ▇▇▇▇▇▇ 338/02 CIRCULAR 005/00 NOTICE 20/00 For more information, see The Arbitration Council and the Process for Labour Dispute Resolution in Cambodia (CLEC/ILO, 2nd ed., 2004).

Arbitral Awards. (1) When a court makes a final decision against a respondent Party, it may separately or in combination grant only: (a) monetary damages and any applicable interest; and (b) restitution of property, in which case the award shall provide that the respondent may pay monetary damages and any applicable interest in lieu of restitution. (2) A tribunal constituted under this Agreement shall award costs and expenses in any arbitration where the jurisdiction of the tribunal is denied to the investor and shall, unless there is a good reason for not doing so, make an award award of costs and expenses to the Party to the dispute that will prevail in the final award. (3) Any arbitral award shall be final and binding on the Parties to the dispute. Each Party shall ensure the recognition and enforcement of the arbitral award in accordance with its laws and regulations on the subject. (4) Where a claim is brought on behalf of an enterprise of the respondent Party, the award shall be made to the enterprise. (5) In any arbitration conducted under this Section, at the request of a party to the dispute, a tribunal may, before rendering a decision or award on liability, transmit its proposed decision or award to the parties to the dispute. Within 60 days of the transmission of the tribunal's proposed decision or award, the parties to the dispute may submit written comments to the tribunal concerning any aspect of the proposed decision or award. The tribunal shall consider such comments and shall render its decision or award no later than 45 days after the expiration of the 60-day comment period.