Common use of Arbitration Panel Clause in Contracts

Arbitration Panel. A single arbitrator shall have the power to render a maximum award of one hundred thousand dollars. When any party files a claim in excess of this amount, the arbitration decision shall be made by the majority vote of three arbitrators. No arbitrator shall have the power to restrain any act of any party.

Appears in 9 contracts

Sources: Credit Agreement (Schuff Steel Co), Modification Agreement (Schuler Homes Inc), Loan Agreement (Continental Homes Holding Corp)

Arbitration Panel. A single arbitrator shall have the power to render a maximum award of one hundred thousand dollars. When any party files a claim in excess of this amount, the arbitration decision shall be made by the majority vote of three arbitrators. No arbitrator shall have the power to restrain any act of any party.. 5

Appears in 1 contract

Sources: Modification Agreement (Employee Solutions Inc)

Arbitration Panel. A single arbitrator shall have the power to render a maximum award of one hundred thousand dollarsOne Hundred Thousand Dollars ($100,000). When any party files a claim in excess of this such amount, the arbitration decision shall be made by the majority vote of three arbitrators. No arbitrator shall have the power to restrain any act of any party.

Appears in 1 contract

Sources: Master Credit Agreement (Presley Companies /De)