Arbitration Award. The arbitration panel shall render its decision within 60 days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding.
Appears in 9 contracts
Samples: Interests and Liabilities Contract (Commerce Group Inc /Ma), Reinsurance Agreement (Liberty Mutual Agency Corp), Reinsurance Agreement (Philadelphia Consolidated Holding Corp)
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceedingproceeding unless the parties consent to an extension, which decision shall be in writing, stating the reasons reason therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceedingproceeding except to the extent otherwise provided in the Federal Arbitration Act. Judgment upon the award may be entered in any court having jurisdiction pursuant to the Federal Arbitration Act.
Appears in 7 contracts
Samples: Stock Purchase Agreement (Allstate Corp), Administrative Services Agreement (Tiptree Financial Inc.), Reinsurance Agreement (Allstate Corp)
Arbitration Award. The arbitration panel shall render its decision within 60 thirty (30) days after termination of the proceeding, which decision shall be in writing, stating the reasons therefortherefore. The decision of the majority of the panel shall be final and binding on the parties to the proceeding.
Appears in 3 contracts
Samples: Administrative Services Agreement (Allied World Assurance Holdings LTD), Surplus Lines Program Administrator Agreement (Allied World Assurance Holdings LTD), Surplus Lines Program Administrator Agreement (Allied World Assurance Holdings LTD)
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination conclusion of the proceedinghearing, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding. Judgment on the award may be entered in any court of competent jurisdiction, and execution of any monetary judgment may occur in any jurisdiction.
Appears in 3 contracts
Samples: Loss Reinsurance Agreement (Metlife Inc), Loss Reinsurance Agreement (Metlife Inc), Loss Reinsurance Agreement (Metlife Inc)
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding.
Appears in 3 contracts
Samples: Aggregate Loss Portfolio Reinsurance Agreement (White Mountains Insurance Group LTD), Administrative Services Agreement (White Mountains Insurance Group LTD), Aggregate Loss Portfolio Reinsurance Agreement (OneBeacon Insurance Group, Ltd.)
Arbitration Award. The arbitration panel shall render its decision within 60 days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding. In no event however, will the panel be authorized to award punitive, exemplary or consequential damages of whatsoever nature in connection with any arbitration proceeding concerning this Agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement (Safety Insurance Group Inc), Safety Insurance Group Inc
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding.
Appears in 2 contracts
Samples: Coinsurance and Yearly Renewable Term Reinsurance Agreement (American Equity Investment Life Holding Co), Phoenix Companies Inc/De
Arbitration Award. The arbitration panel shall render its decision within 60 days after termination of the proceeding, which decision shall be in writing, stating the reasons therefortherefore. The decision of the majority of the panel shall be final and binding on the parties to the proceeding.
Appears in 2 contracts
Samples: Combined Property and Liability Quota Share Reinsurance Agreement (Commerce Group Inc /Ma), Reinsurance Agreement (Liberty Mutual Agency Corp)
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceeding, which decision shall be in writing, stating the reasons reason therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding.
Appears in 2 contracts
Samples: Aggregate Loss Portfolio Reinsurance Agreement (Assured Guaranty LTD), Aggregate Loss Portfolio Reinsurance Agreement (Assured Guaranty LTD)
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) calendar days after termination of the proceedingproceeding unless the parties consent to an extension, which decision shall be in writing, stating the reasons reason therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceedingproceeding except to the extent otherwise provided in the Federal Arbitration Act. Judgment upon the award may be entered in any court having jurisdiction pursuant to the Federal Arbitration Act.
Appears in 2 contracts
Samples: Trust Agreement (Talcott Resolution Life Insurance Co), Trust Agreement (Talcott Resolution Life Insurance Co)
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding. In no event, however, will the panel be authorized to award punitive, exemplary or consequential damages of whatsoever nature.
Appears in 2 contracts
Samples: Quota Share Retrocession Agreement (Insurance Income Strategies Ltd.), Quota Share Retrocession Agreement (Insurance Income Strategies Ltd.)
Arbitration Award. The arbitration panel shall render its decision within 60 days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding. In no event, however, will the panel be authorized to award punitive, exemplary or consequential damages of whatsoever nature in connection with any arbitration proceeding concerning this agreement.
Appears in 1 contract
Samples: Zenith National Insurance Corp
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceedingproceeding unless the parties consent to an extension, which decision shall be in writing, stating the reasons therefor. The transactions contemplated by this Agreement involve interstate commerce and the parties agree that the Federal Arbitration Act shall apply. The decision of the majority of the panel shall be final and binding on the parties to the proceedingproceeding except to the extent otherwise provided in the Federal Arbitration Act. Judgment upon the award may be entered in any court having jurisdiction pursuant to the Federal Arbitration Act.
Appears in 1 contract
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) calendar days after termination of the proceedingproceeding unless the Parties consent to an extension, which decision shall be in writing, stating the reasons reason therefor. The decision of the majority of the panel shall be final and binding on the parties Parties to the proceedingproceeding except to the extent otherwise provided in the Federal Arbitration Act. Judgment upon the award may be entered in any court having jurisdiction pursuant to the Federal Arbitration Act.
Appears in 1 contract
Samples: Trust Agreement (Horace Mann Life Insurance Co Separate Account)
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceedingproceeding unless the parties consent to an extension, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceedingproceeding except to the extent otherwise provided in the Federal Arbitration Act. Judgment upon the award may be entered in any court having jurisdiction pursuant to the Federal Arbitration Act.
Appears in 1 contract
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding.. 13.09 —
Appears in 1 contract
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding. Either party to the arbitration may petition any court having competent jurisdiction to reduce the decision to judgment.
Appears in 1 contract
Arbitration Award. The arbitration panel shall render its decision within 60 days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding. In no event, however, will the panel be authorized to award punitive, exemplary or consequential damages of whatsoever nature in connection with any arbitration proceeding concerning this Agreement.
Appears in 1 contract
Arbitration Award. The arbitration panel Arbitration Panel shall render its a binding decision within 60 twenty (20) days after termination following the completion of the proceeding, which decision arbitration hearing. The award of the Arbitration Panel shall be in writing, stating the reasons thereforbut shall be as brief as possible. The decision of Arbitration Panel may assign reasons for the majority of award, in its discretion. The Arbitration Panel must certify in the panel shall be final and binding on the parties award that such award conforms to the proceedingterms and conditions set forth in this Agreement (e.g., the award must comply with the parameters set forth in Article XV of this Agreement).
Appears in 1 contract
Samples: Saic and Viasat Satellite Network and Ordering Agreement (Viasat Inc)
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding.. 13.09 -
Appears in 1 contract
Arbitration Award. The arbitration panel shall render its decision within 60 sixty (60) days after termination of the proceeding, which decision shall be in writing, stating the reasons therefor. The decision of the majority of the panel shall be final and binding on the parties to the proceeding. Judgement on the award rendered may be entered in any court having jurisdiction, or application may be made to such court for a judicial acceptance of such award or any order of enforcement, as the case may be.
Appears in 1 contract
Samples: Management Contract (White Mountains Insurance Group LTD)
