Common use of ARBITRATION CLAUSE Clause in Contracts

ARBITRATION CLAUSE. If any dispute or difference shall arise as to the quantum to be paid under this Policy (liability being otherwise admitted), such dispute/difference shall independently of all other questions be referred to the decision of a sole arbitrator to be appointed in writing by the parties to the dispute/difference or if they cannot agree upon a single arbitrator within 30 days of any party invoking arbitration, the same shall be referred to a panel of three arbitrators, comprising of two arbitrators, one to be appointed by each of the parties to the dispute/difference and the third arbitrator to be appointed by such two arbitrators. Arbitration shall be conducted under and in accordance with the provisions of the Arbitration and Conciliation Act, 1996. It is clearly agreed and understood that no dispute/difference shall be referable to arbitration, as hereinbefore provided if the Company has disputed or not accepted liability under or in respect of this Policy. It is hereby expressly stipulated and declared that it shall be a condition precedent to any right of action or suit upon this Policy that the award by such arbitrator/ arbitrators of the amount of the loss or Property Damage shall be first obtained.

ARBITRATION CLAUSE. If any dispute or difference shall arise as to the quantum to be paid under this Policy the policy (liability being otherwise admitted), ) such dispute/difference shall independently of all other questions be referred to the decision of a sole arbitrator to be appointed in writing by the parties to the dispute/difference parties; or if they cannot agree upon a single arbitrator within 30 days of any party invoking arbitration, the same shall be referred to a panel of three arbitrators, comprising of two arbitrators, one to be appointed by each of the parties to the dispute/difference and the third arbitrator to be appointed by such two arbitrators. Arbitration arbitrators and arbitration shall be conducted under and in accordance with the provisions of the Arbitration and Conciliation Act, 19961996 as amended from time to time. It is clearly agreed and understood that no dispute/difference or dispute shall be referable to arbitrationarbitration as herein before provided, as hereinbefore provided if the Company has disputed or not accepted liability under or in respect of this Policypolicy. It is hereby expressly stipulated and declared that it shall be a condition precedent to any right of action or suit upon this Policy policy that the award by such arbitrator/ arbitrators of the amount of the loss or Property Damage damage shall be first obtained.

ARBITRATION CLAUSE. If any dispute or difference shall arise as to the quantum to be paid under this Policy (liability being otherwise admitted), such dispute/dispute / difference shall independently of all other questions be referred to the decision of a sole arbitrator to be appointed in writing by the parties to the dispute/difference or if they cannot agree upon a single arbitrator within 30 days of any party invoking arbitration, the same shall be referred to a panel of three arbitrators, comprising of two arbitrators, one to be appointed by each of the parties to the dispute/difference and the third arbitrator to be appointed by such two arbitrators. Arbitration shall be conducted under and in accordance with the provisions of the Arbitration and Conciliation Act, 1996. It is clearly agreed and understood that no dispute/dispute / difference shall be referable to arbitration, as hereinbefore provided if the Company has disputed or not accepted liability under or in respect of this Policy. It is hereby expressly stipulated and declared that it shall be a condition precedent to any right of action or suit Suit upon this Policy that the award by such arbitrator/ arbitrators of the amount of the loss Loss or Property Damage Financial Loss shall be first obtained.

ARBITRATION CLAUSE. If any dispute or difference shall arise as to the quantum to be paid under this Policy (liability being otherwise admitted), ) such dispute/difference shall independently of all other questions be referred to the decision of a the sole arbitrator to be appointed in writing by the parties to the dispute/difference or if they cannot agree upon a single arbitrator within 30 days of any party invoking arbitration, the same shall be referred to a panel of three arbitrators, comprising of two arbitrators, one to be appointed by each of the parties to the dispute/difference and the third arbitrator to be appointed by such two arbitrators. Arbitration arbitrators and arbitration shall be conducted under and in accordance with the provisions of the Arbitration and Conciliation Act, 1996Act 1996 as amended from time to time and for time being in force. It is clearly agreed and understood that no dispute/difference or dispute shall be referable to arbitration, arbitration as hereinbefore provided provided, if the Company Insurer has disputed or not accepted liability under or in respect of this Policy. It is hereby expressly stipulated and declared that it shall be a condition precedent to any right of action or suit upon this Policy that the award by of such arbitrator/ arbitrator/arbitrators of the amount of the loss Loss or Property Damage damage shall first be first obtained.

ARBITRATION CLAUSE. If any dispute or difference shall arise as to the quantum to be paid under this Policy (liability being otherwise admitted), such dispute/dispute / difference shall independently of all other questions be referred to the decision of a sole arbitrator to be appointed in writing by the parties to the dispute/difference or if they cannot agree upon a single arbitrator within 30 days of any party invoking arbitration, the same shall be referred to a panel of three arbitrators, comprising of two arbitrators, one to be appointed by each of the parties to the dispute/difference and the third arbitrator to be appointed by such two arbitrators. Arbitration shall be conducted under and in accordance with the provisions of the Arbitration and Conciliation Act, 1996. It is clearly agreed and understood that no dispute/dispute / difference shall be referable to arbitration, as hereinbefore provided if the Company has disputed or not accepted liability under or in respect of this Policy. The parties shall each bear their own costs associated with the arbitration and shall share equally in the costs of the arbitration proceedings and presiding arbitrator. When any dispute is under arbitration, except for the matters under dispute the parties shall continue to exercise their remaining respective rights and fulfil their remaining respective obligations under this Policy. It is hereby expressly stipulated and declared that it shall be a condition precedent to any right of action or suit upon this Policy that the award by such arbitrator/ arbitrators of the amount of the loss or Property Damage shall be first obtained.

ARBITRATION CLAUSE. If any dispute or difference shall arise as to the quantum to be paid under this Policy (liability being otherwise admitted), such dispute/dispute / difference shall independently of all other questions be referred to the decision of a sole arbitrator to be appointed in writing by the parties to the dispute/difference or if they cannot agree upon a single arbitrator within 30 days of any party invoking arbitration, the same shall be referred to a panel of three arbitrators, comprising of two arbitrators, one to be appointed by each of the parties to the dispute/difference and the third arbitrator to be appointed by such two arbitrators. Arbitration proceedings shall be conducted at Mumbai under and in accordance with the provisions of the Arbitration and Conciliation Act, 1996, as amended. It is clearly agreed and understood that no dispute/dispute / difference shall be referable to arbitration, as hereinbefore provided if the Company has disputed or not accepted liability under or in respect of this Policy. It is hereby expressly stipulated and declared that it shall be a condition precedent to any right of action or suit Suit upon this Policy that the award by such arbitrator/ arbitrators of the amount of the loss Loss or Property Damage Financial Loss shall be first obtained.