Common use of Arbitration Clause in Contracts

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 12 contracts

Sources: Nonqualified Stock Option Agreement (Exco Resources Inc), Nonqualified Stock Option Agreement (Availent Financial Inc), Nonqualified Stock Option Agreement (Miller Douglas H)

Arbitration. All disputes (a) Subject to Section 9(b), any dispute, controversy or claim between Executive and controversies any member of every kind and nature between any parties hereto the Company Group arising out of or in connection with relating to this Agreement or Executive’s employment or engagement with any member of the transactions described herein as to the constructionCompany Group (“Disputes”) will be finally settled by arbitration in Houston, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party mayTexas, in a written notice delivered to accordance with the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the then-existing American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expensesRules. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on both parties. Any arbitration conducted under this Section 9 shall be heard by a single arbitrator (the “Arbitrator”) selected in accordance with the then-applicable rules of the AAA. The Arbitrator shall expeditiously hear and decide all parties matters concerning the Dispute. Except as expressly provided to the contrary in this Agreement, the Arbitrator shall have the power to (i) gather such materials, information, testimony and evidence as the Arbitrator deems relevant to the Dispute before him or her (and each party will provide such materials, information, testimony and evidence requested by the Arbitrator), and (ii) grant injunctive relief and enforce specific performance. All Disputes shall be arbitrated on an individual basis, and each party hereto hereby foregoes and waives any right to arbitrate any Dispute as a class action or collective action or on a consolidated basis or in a representative capacity on behalf of other persons or entities who are claimed to be similarly situated, or to participate as a class member in such a proceeding, shall resolve the question of costs . The decision of the arbitrators Arbitrator shall be reasoned, rendered in writing, be final and all related matters, binding upon the disputing parties and the parties agree that judgment on such upon the award may be entered and enforced by either party in any court of competent jurisdiction. The party whom the Arbitrator determines is the prevailing party in such arbitration (which shall be the party receiving substantially the relief sought) shall receive, in addition to any other award pursuant to such arbitration or associated judgment, reimbursement from the other party of all reasonable legal fees and costs associated with such arbitration and associated judgment. v. Except as set forth in Section 15.b., (b) By entering into this Agreement and entering into the parties stipulate that the arbitration provisions of this Section 9, THE PARTIES EXPRESSLY ACKNOWLEDGE AND AGREE THAT THEY ARE KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVING THEIR RIGHTS TO A JURY TRIAL. (c) Nothing in this Section 9 shall be prohibit a complete defense party to this Agreement from (i) instituting litigation to enforce any suitarbitration award, action or proceeding instituted (ii) joining the other party to this Agreement in any a litigation initiated by a person or entity that is not a party to this Agreement. Further, nothing in this Section 9 precludes Executive from filing a charge or complaint with a federal, state or local court or before any other governmental administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyagency.

Appears in 12 contracts

Sources: Employment Agreement (Prairie Operating Co.), Employment Agreement (Prairie Operating Co.), Employment Agreement (Prairie Operating Co.)

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. The arbiters may award costs and expenses, including reasonable attorneys' fees and other expenses. v. Except C. If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as set forth in Section 15.bone party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint. D. Each party shall bear the expense of its own arbiter, and shall jointly and equally bear with the other the expense of the umpire and of the arbitration. In the event that the two arbiters are chosen by one party, as above provided, the parties stipulate that expense of the provisions of this Section arbiters, the umpire and the arbitration shall be equally divided between the two parties. E. Any arbitration proceedings shall take place at a complete defense location mutually agreed upon by the parties to any suitthis Contract, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or but notwithstanding the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent location of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed arbitration, all proceedings pursuant hereto shall be governed by any other party to an arbitration in the course law of an arbitration hereunder without the prior written consent , not including its choice of such other partylaw provisos.

Appears in 12 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shallarbiters may award costs and expenses, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the including reasonable attorneys' fees and other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyexpenses.

Appears in 11 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes and controversies of every kind and nature between any parties Any controversy, claim or dispute involving the Parties hereto (or their Affiliates) arising out of or in connection with relating to this Agreement Agreement, or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachsubject matter thereof, shall be submitted solely and exclusively settled by a binding arbitration held in Denver, Colorado to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named administered by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who Such arbitration shall be an impartial personconducted in accordance with the then-existing Employment Arbitration Rules of the AAA, with the following exceptions if in conflict: (a) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed selected by the AAA. If any arbitrator appointed hereunder mutual agreement of the Parties; if the Parties cannot agree on an arbitrator, the Parties shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled alternately strike names from a list provided by the method set forth AAA until only one name remains; (b) the Company shall pay fees and administrative costs charged by the arbitrator and American Arbitration Association; and (c) arbitration may proceed in this Section for the original appointment absence of any Party if written notice (pursuant to AAA rules and regulations) of the proceedings has been given to such arbitrator. iiiParty. Each party Party shall bear its own arbitration costs attorney fees and expenses. The arbitration hearing arbitrator shall be held have the power to award any remedies available under applicable law. In addition, the arbitrator shall award attorneys’ fees and costs to the prevailing party, in Dallas, Texas at a location designated an amount no greater than allowable by a majority of the arbitratorslaw. The Commercial Arbitration Rules of Parties hereto agree that the American Arbitration Association shall be incorporated arbitrator will allow only such discovery as is required by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. ivlaw. The Parties agree to abide by all decisions and awards rendered in such arbitration hearing shall be concluded within ten (10) days unless otherwise ordered proceedings. Such decisions and awards rendered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement arbitrator shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators conclusive. This dispute resolution process and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section arbitration hereunder shall be a complete defense to confidential and neither any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or Party nor the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may neutral arbitrator shall disclose the existence existence, contents or results of any arbitration hereunder such process without the prior written consent of all Parties. Notwithstanding the other parties; nor will any party foregoing, claims of worker’s compensation and unemployment compensation benefits shall not be subject to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyunder this Agreement.

Appears in 10 contracts

Sources: Executive Employment Agreement (TriSalus Life Sciences, Inc.), Executive Employment Agreement (TriSalus Life Sciences, Inc.), Executive Employment Agreement (TriSalus Life Sciences, Inc.)

Arbitration. All Except with regard to Section 7, all disputes and controversies ----------- between the parties concerning the performance, breach, construction or interpretation of every kind and nature between this Agreement, or in any parties hereto manner arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachAgreement, shall be submitted to binding arbitration pursuant to in accordance with the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules rules of the American Arbitration Association Association, which arbitration shall be incorporated by reference at such hearing and carried out in the substantive laws of the State of Texas manner set forth below: (excluding conflict of laws provisionsi) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within Within fifteen (15) days after written notice by one party to the close other party of submission its demand for arbitration, which demand shall set forth the name and address of evidenceits designated arbitrator, the other party shall select its designated arbitrator and so notify the demanding party. An award rendered Within fifteen (15) days thereafter, the two arbitrators so selected shall select the third arbitrator. The dispute shall be heard by the arbitrators within ninety (90) days after selection of the third arbitrator. The decision of any two arbitrators shall be binding upon the parties. Should any party or arbitrator fail to make a majority selection, the American Arbitration Association shall designate such arbitrator upon the application of either party. The decision of the arbitrators appointed pursuant to this Agreement shall be final and binding upon the Company, its successors and assigns and Executive. (ii) The arbitration proceedings shall take place in Orlando, Florida, and the judgment and determination of such proceedings shall be binding on all parties to parties. Judgment upon any award rendered by the proceedingarbitrators may be entered into any court having competent jurisdiction without any right of appeal. (iii) Each party shall pay its or his own expenses of arbitration, shall resolve and the question of costs expenses of the arbitrators and all related mattersthe arbitration proceeding shall be shared equally. However, and judgment on such award may be entered and enforced by either party if in the opinion of a majority of the arbitrators, any court of competent jurisdiction. v. Except as set forth in Section 15.b.claim or defense was unreasonable, the parties stipulate that arbitrators may assess, as part of their award, all or any part of the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent expenses of the other partiesparty (including reasonable attorneys' fees) and of the arbitrators and the arbitration proceeding (collectively, the "Arbitration Expenses") against the party raising such unreasonable claim or defense; nor will any party and if the arbitrators rule in favor of Executive, then the Company shall be obligated to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in pay all of the course of an arbitration hereunder without the prior written consent of such other partyArbitration Expenses.

Appears in 8 contracts

Sources: Employment Agreement (CNL American Properties Fund Inc), Employment Agreement (CNL American Properties Fund Inc), Employment Agreement (CNL American Properties Fund Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. (1) After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. (2) Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. (3) Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasHouston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. (4) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. (5) Except as set forth in Section 15.b.7(e)(ii), the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 7 contracts

Sources: Restricted Stock Award Agreement (Endeavour International Corp), Restricted Stock Award Agreement (Endeavour International Corp), Restricted Stock Award Agreement (Endeavour International Corp)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. (i) After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. (ii. ) Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. (iii. ) Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasHouston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. (iv. ) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. (v) Except as set forth in Section 15.b.12(b) below, the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 6 contracts

Sources: Nonstatutory Stock Option Agreement (Endeavour International Corp), Nonstatutory Stock Option Agreement (Endeavour International Corp), Nonstatutory Stock Option Agreement (Endeavour International Corp)

Arbitration. All disputes A. Any dispute or other matter in question between the Company and controversies of every kind and nature between any parties hereto the Reinsurer arising out of of, or in connection with this Agreement or relating to, the transactions described herein as to the constructionformation, validity, interpretation or meaninginterpretation, performance, non-performanceor breach of this Agreement, enforcement, operation whether such dispute arises before or breachafter termination of this Agreement, shall be submitted to arbitration pursuant to settled by arbitration. Arbitration shall be initiated by the following procedures: i. After a dispute or controversy arises, any party may, in delivery of a written notice delivered of demand for arbitration by one party to the other parties to within a reasonable time after the dispute has arisen. B. If more than one reinsurer is involved in the same dispute, demand all such arbitration. Such notice reinsurers shall designate constitute and act as one party for the name purposes of this Article, provided, however, that nothing herein shall impair the rights of such reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement Reinsurer under the terms of the matter in controversythis Agreement from several to joint. iiC. Except as set forth in Article III, each party shall appoint an individual as arbitrator and the two so appointed shall then appoint a third arbitrator. Within 30 days after receipt of such demandIf either party refuses or neglects to appoint an arbitrator within 60 days, the other parties shall, in a written notice delivered to party may appoint the first party, name such parties’ arbitrator (who shall be an impartial person)second arbitrator. If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement do not agree on a third arbitrator by within 60 days of the appointment of the second arbitrator, each of the arbitrators shall nominate three individuals. If the two arbitrators so appointedare unable to agree upon the third arbitrator within thirty (30) days of their appointment, the third arbitrator shall be appointed selected from a list of six individuals (three named by each arbitrator) by a judge of the AAAUnited States District Court having jurisdiction over the geographical area in which the arbitration is to take place, or if that court declines to act, the state court having general jurisdiction in such area. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy The arbitrators shall be filled by active or retired officers of insurance or reinsurance companies or Lloyd’s of London Underwriters; the method set forth arbitrators shall not have a personal or financial interest in this Section for the original appointment result of such arbitratorthe arbitration. iiiD. The arbitration hearings shall be held in New York, New York. Each party shall bear submit its own arbitration costs and expenses. The arbitration hearing shall case to the arbitrators within 60 days of the selection of the third arbitrator or within such longer period as may be held in Dallas, Texas at a location designated agreed by a majority of the arbitrators. The Commercial Arbitration Rules arbitrators shall not be obliged to follow judicial formalities or the rules of evidence except to the extent required by governing law, that is, the state law of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws situs of the State arbitration as herein agreed; they shall make their decisions according to the practice of Texas (excluding conflict of laws provisions) shall apply. ivthe reinsurance business. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award decision rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties both parties. Such decision shall be a condition precedent to the proceeding, shall resolve the question any right of costs legal action arising out of the arbitrators and all related matters, and judgment on such arbitrated dispute which either party may have against the other. Judgment upon the award rendered may be entered and enforced by either party in any court of competent jurisdictionhaving jurisdiction thereof. v. E. Each party shall pay the fee and expenses of its own arbitrator and one-half of the fee and expenses of the third arbitrator. All other expenses of the arbitration shall be equally divided between the parties. F. Except as set forth in Section 15.b.provided above, the parties stipulate that the provisions of this Section arbitration shall be a complete defense to any suitbased, action or proceeding instituted in any federalinsofar as applicable, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or upon the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent procedures of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyAmerican Arbitration Association.

Appears in 6 contracts

Sources: Brokerage Business Quota Share Reinsurance Agreement (Tower Group, Inc.), Quota Share Reinsurance Agreement (CastlePoint Holdings, Ltd.), Quota Share Reinsurance Agreement (Tower Group, Inc.)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. (i) After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. (ii. ) Within 30 thirty (30) days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ ' arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “"AAA”"). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 thirty (30) days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. (iii. ) Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasHouston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. (iv. ) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. (v) Except as set forth in Section 15.b.19(b) and (c), the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 6 contracts

Sources: Employment Agreement (Seitel Inc), Employment Agreement (Seitel Inc), Employment Agreement (Seitel Inc)

Arbitration. All disputes and controversies of every kind and nature Any dispute between any the parties hereto arising out of or in connection with under this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to resolved (except as provided below) through informal arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the by an arbitrator (who shall be an impartial personis selected as provided below) appointed by such party demanding arbitration, together with a statement and under the rules of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”)Association. The two arbitrators so selected shall name a third arbitrator (who Arbitration shall be an impartial person) within 30 days, or in lieu conducted under the rules of such agreement on a third arbitrator said Association at the location where the Executive is then employed by the two arbitrators so appointedCorporation, provided, however, that the third arbitrator arbitration shall be appointed conducted at the location specified by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then Corporation if the vacancy shall be filled Executive’s out-of-pocket expenses of travel and lodging are borne by the method set forth in this Section for the original appointment of such arbitrator. iiiCorporation. Each party shall bear its own arbitration costs be entitled to present evidence and expensesargument to the arbitrator. The arbitration arbitrator shall have the right only to interpret and apply the provisions of this Agreement and may not change any of its provisions. The arbitrator shall permit reasonable pre-hearing discovery of facts, to the extent necessary to establish a claim or defense to a claim, subject to supervision by the arbitrator. The determination of the arbitrator shall be held conclusive and binding upon the parties and judgment upon the same may be entered in Dallas, Texas at a location designated by a majority of the arbitratorsany court having jurisdiction thereof. The Commercial Arbitration Rules arbitrator shall give written notice to the parties stating his or their determination, and shall furnish to each party a signed copy of the American Arbitration Association such determination. The expenses of arbitration shall be incorporated borne equally by reference at such hearing the Executive and the substantive laws Corporation or as the arbitrator shall otherwise equitably determine. In the event the services of an arbitrator are required and if the State Executive and Corporation are unable within five (5) days after determining such services are required to agree upon the identity of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded an arbitrator, within ten (10) days unless otherwise ordered thereafter the Executive and Corporation shall each select an arbitrator and the two arbitrators shall select by mutual agreement an arbitrator. If either party fails to select an arbitrator, then the other party shall select the second arbitrator, and an arbitrator shall be selected by mutual agreement of the two arbitrators. In the event the selected arbitrators are unable to agree on an arbitrator, the two arbitrators shall each select an arbitrator from a list of arbitrator provided by the American Arbitration Association and those arbitrators and shall mutually agree upon the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course selection of an arbitration hereunder without arbitrator who will be the prior written consent of such other partyarbitrator.

Appears in 6 contracts

Sources: Executive Employment Agreement (ONE Bio, Corp.), Executive Employment Agreement (ONE Bio, Corp.), Executive Employment Agreement (ONE Bio, Corp.)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any dispute arising out of or in connection relating to Article 5 of this Lease (with this Agreement or the transactions described herein as respect to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, issues expressly stated therein) shall be submitted to and determined in binding arbitration pursuant to under the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association Association. The arbitration shall be incorporated conducted before and by reference at such hearing and a single arbitrator selected by the substantive laws parties. If the parties have not selected an arbitrator within 30 days of written demand for arbitration, the State arbitrator shall be selected by the American Arbitration Association pursuant to the then current rules of Texas (excluding conflict of laws provisions) shall apply. ivthat Association on application by either party. The arbitrator shall have authority to fashion such just, equitable and legal relief as he, in his sole discretion, may determine. The parties agree that the arbitration hearing shall be held within thirty (30) business days following notification to the parties of the appointment of such arbitration, and that the arbitration proceedings shall be concluded within ten thirty (1030) business days unless otherwise ordered by following the arbitrators first scheduled arbitration hearing. Each party shall bear all its own expenses of arbitration and shall bear equally the written award thereon costs and expenses of the arbitrator. All arbitration proceedings shall be made within fifteen (15) days after conducted in the close City of submission Stamford, State of evidenceConnecticut. An Landlord and Tenant further agree that they will faithfully observe this agreement and rules, and that they will abide by and perform any award rendered by the arbitrator and that a majority judgment of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award court having jurisdiction may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., upon the parties stipulate that award. The duty to arbitrate shall survive the provisions cancellation or termination of this Section Lease. Landlord and Tenant further agree that in addition to the discovery rights available to them under the Commercial Arbitration Rules they shall be a complete defense have all rights of discovery available to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect litigants pursuant to any controversy or dispute arising out the Connecticut Rules of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyCourt then appertaining.

Appears in 6 contracts

Sources: Lease, Lease Agreement (Greenfield Online Inc), Lease Agreement (Greenfield Online Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. (1) After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. (2) Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ ' arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “"AAA”"). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. (3) Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasHouston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. (4) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. (5) Except as set forth in Section 15.b.6(d)(ii), the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 5 contracts

Sources: Restricted Stock Award Agreement (Seitel Inc), Restricted Stock Award Agreement (Seitel Inc), Restricted Stock Award Agreement (Seitel Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto (a) Any disagreement, dispute, controversy or claim arising out of or in connection with relating to this Agreement or the transactions described herein as interpretation or validity hereof shall be settled exclusively and finally by arbitration. It is specifically understood and agreed that any disagreement, dispute or controversy which cannot be resolved between the parties, including without limitation any matter relating to the constructioninterpretation of this Agreement, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall may be submitted to arbitration pursuant to irrespective of the following procedures: i. After a magnitude thereof, the amount in controversy or whether such disagreement, dispute or controversy arises, any party may, in would otherwise be considered justifiable or ripe for resolution by a written notice delivered to the other parties to the dispute, demand such arbitrationcourt or arbitral tribunal. Such notice shall designate the name of the arbitrator (who The arbitration shall be an impartial person) appointed by such party demanding arbitration, together conducted in accordance with a statement the Commercial Arbitration Rules of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). . (b) The two arbitrators so selected arbitral tribunal shall name a third consist of one arbitrator (who shall be an impartial person) attorney of recognized standing at the bar with at least 15 years experience in the practice of law. The parties to the arbitration jointly shall directly appoint such arbitrator within 30 daysdays of initiation of the arbitration. If the parties shall fail to appoint such arbitrator as provided above, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then AAA as provided in the vacancy Commercial Arbitration Rules and shall be filled by a person who (i) maintains his or her principal place of business either within 75 miles of Buffalo, New York and (ii) had substantial experience in commercial and business matters. The Company or the method set forth Bank shall pay all of the fees and expenses of the arbitrator. The Bank shall pay all of the fees and expenses of the arbitrator, in this Section for a lump sum no later than two and one-half months after the original appointment end of the calendar year in which such arbitrator. iii. Each party shall bear its own arbitration costs and expensesexpenses were incurred. The arbitration hearing shall be held conducted within the Buffalo, New York metropolitan area or in Dallassuch other city in the Untied States of America as the parties to the dispute may designate by mutual written consent. (c) At any oral hearing of evidence in connection with the arbitration, Texas at each party thereto or its legal counsel shall have the right to examine its witnesses and to cross-examine the witnesses of any opposing party. No evidence of any witness shall be presented unless the opposing party or parties shall have the opportunity to cross-examine such witness, except as the parties to the dispute otherwise agree in writing or except under extraordinary circumstances where the interests of justice require a location designated by a majority different procedure. (d) A decision or award of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement arbitral tribunal shall be final and binding on all upon the parties to the arbitration proceeding. The parties hereto hereby waive to the extent permitted by law any rights to appeal or to seek review of such award by any court or tribunal. The parties hereto agree that the arbitral award may be enforced, shall resolve against the question of costs of parties to the arbitrators arbitration proceeding or their assets wherever they may be found and all related matters, and that a judgment on such upon the arbitral award may be entered and enforced by either party in any court of competent jurisdictionhaving jurisdiction thereof. v. Except as set forth in Section 15.b.(e) Nothing herein contained shall be deemed to give, the parties stipulate that arbitral tribunal any authority, power, or right to alter, change, amend, modify, add to, or subtract from any of the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 5 contracts

Sources: Employment Agreement (Evans Bancorp Inc), Employment Agreement (Evans Bancorp Inc), Employment Agreement (Evans Bancorp Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. (1) After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. (2) Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ ' arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “"AAA”"). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. (3) Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasHouston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. (4) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. (5) Except as set forth in Section 15.b.6(e)(d)(ii), the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 5 contracts

Sources: Restricted Stock Award Agreement (Seitel Inc), Restricted Stock Award Agreement (Seitel Inc), Restricted Stock Award Agreement (Seitel Inc)

Arbitration. All disputes If the grievance still exists and controversies the Association is not satisfied, upon approval by the Association’s grievance committee, the next step is arbitration. 1. If the Association, on behalf of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as aggrieved teacher(s), desires impartial arbitration, written notice shall be given to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to superintendent within twenty (20) schools days after receiving the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name decision of the arbitrator Board (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial personStep D). If such parties fail to name an arbitratora request for impartial arbitration has not been received by the superintendent within twenty (20) days after receiving the Board’s decision (Step D), then the second arbitrator grievance shall be named deemed withdrawn. 2. Within fifteen (15) school days after receiving the written request for impartial arbitration, the Board shall enter into the arbitration selection process. The arbitration proceedings shall be conducted by an arbitrator agreed upon by the Association and Board. 3. If agreement has not been reached on the selection of an arbitrator by the end of the fifteen (15) school days after receiving the request for impartial arbitration, the American Arbitration Association (or other mutually agreed upon source) shall be requested to act as administrator of the “AAA”)proceedings and supply a list of five arbitrators’ names and qualifications. Either party may reject one list of arbitrators in its entirety and request that another list be submitted. From the list of five arbitrators, the party initially requesting the arbitration shall strike two names from the list and then the other party shall strike two names from the list. The two arbitrators so selected shall person whose name a third arbitrator (who remains on the list shall be an impartial person) within 30 days, or in lieu of such agreement on a third the arbitrator by the two arbitrators so appointed, the third selected. The arbitrator shall be appointed notified by the AAAsuperintendent of his/her selection and requested to contact the parties to set a hearing date, time, and place. 4. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then Neither the vacancy Board nor the Association shall be filled permitted to assert any grounds or submit any evidence to the arbitrator which had not previously been disclosed to the other party during the previous steps. 5. The arbitrator shall have no power to nullify, alter, modify, amend, ignore, add to or subtract from the provisions, terms or conditions of this agreement in any way. The arbitrator’s decision must be based solely upon his/her interpretation of the meaning or application of the express relevant provision of this agreement. 6. Insofar as such arbitration is limited as stated in the preceding paragraph, both parties agree to abide by the method set forth in this Section for results of the original appointment findings of such the arbitrator. iii7. Any grievance which arose prior to the effective date of this agreement shall not be processed. 8. Each party shall bear the full cost for its own arbitration costs and expensesrepresentation in the arbitration. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority cost of the arbitrators. The Commercial Arbitration Rules of arbitrator and the American Arbitration Association shall be incorporated by reference at such hearing divided equally between the Board and the substantive laws Association. 9. If either party requests a transcript of the State proceedings, that party shall bear full costs for the transcript. If both parties order a transcript, the cost of Texas the two (excluding conflict of laws provisions2) shall apply. iv. The arbitration hearing transcripts shall be concluded within ten (10) days unless otherwise ordered by divided equally between the arbitrators and parties. If the written award thereon arbitrator requests a copy of the transcript, the cost shall be made within fifteen (15) days after divided equally between the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdictionparties. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 5 contracts

Sources: Teacher/Board Master Contract, Teacher/Board Master Contract, Teacher/Board Master Contract

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement (a) If the grievance is not satisfactorily settled at Step 3, either the Employer or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party Association may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator within ten (who shall be an impartial person10) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 work days after receipt of the Step 3 answer, request that the grievance be submitted to binding arbitration. If the grievance is not submitted to arbitration within such demandten (10) day period, it will be considered closed on the basis of the Step 3 answer. (b) If the grievance is appealed to arbitration as herein provided, the other parties may mutually agree upon an arbitrator to hear the grievance. If the parties are unable to mutually agree upon an arbitrator then the party desiring arbitration shall, in within ten (10) work days of the date of its written request for arbitration, submit a written notice delivered demand to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (for arbitration of the “AAA”)grievance. The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall then be appointed by selected in accordance with the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Voluntary Labor Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws in effect as of the State time of Texas (excluding conflict of laws provisions) shall applysuch demand. iv. (c) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered governed by the arbitrators and Voluntary Labor Arbitration Rules of the written award thereon American Arbitration Association. (d) Each party shall be made within fifteen responsible for its own expenses, if any, in connection with the arbitration proceedings. The arbitration fees and expenses shall be split evenly between each party. (15e) days after the close of submission of evidence. An award rendered by a majority The decision of the arbitrators appointed pursuant to arbitrator must be based on an interpretation of one or more of the provisions of this Agreement or any supplement or amendment thereto. The arbitrator shall have no power to add to, take from, modify, or alter this Agreement or any supplement or amendment thereto. Any matter submitted to arbitration over which the arbitrator has no power to rule shall be referred back to the parties without decision. (f) The arbitrator's decision, when made in accordance with her jurisdiction and authority, shall be final and binding on all parties to upon the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b.Employer, the parties stipulate that the provisions of this Section shall Association and any employee or employees involved and cannot be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed changed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyindividual.

Appears in 5 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Arbitration. All Except with regard to Section 6, all disputes and controversies between the parties or any claims concerning the performance, breach, construction or interpretation of every kind and nature between this Agreement, or in any parties hereto manner arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachAgreement, shall be submitted to binding arbitration pursuant in accordance with the Commercial Arbitration Rules, as amended from time to the following procedures: i. After a dispute or controversy arisestime, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “"AAA”"). The two arbitrators so selected shall name a third arbitrator (who , which arbitration shall be an impartial person) within 30 days, or carried out in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method manner set forth in this Section for the original appointment of such arbitrator.below: iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisionsa) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within Within fifteen (15) days after written notice by one party to the close other party of submission its demand for arbitration, which demand shall set forth the name and address of evidenceits designated arbitrator, the other party shall appoint its designated arbitrator and so notify the demanding party. An award rendered Within fifteen (15) days thereafter, the two arbitrators so appointed shall appoint the third arbitrator. If the two appointed arbitrators cannot agree on the third arbitrator, then the AAA shall appoint an independent arbitrator as the third arbitrator. The dispute shall be heard by a majority the arbitrators within ninety (90) days after appointment of the third arbitrator. The decision of any two (2) or all three (3) of the arbitrators appointed pursuant to this Agreement shall be binding upon the parties without any right of appeal. The decision of the arbitrators shall be final and binding upon the Company, its successors and assigns, and upon Executive, his heirs, personal representatives, and legal representatives. (b) The arbitration proceedings shall take place in Orlando, Florida, and the judgment and determination of such proceedings shall be binding on all parties to parties. Judgment upon any award rendered by the proceedingarbitrators may be entered into any court having competent jurisdiction without any right of appeal. (c) Each party shall pay its or his own expenses of arbitration, shall resolve and the question of costs expenses of the arbitrators and all related mattersthe arbitration proceeding shall be shared equally. However, and judgment on such award may be entered and enforced by either party if in the opinion of a majority of the arbitrators, any court of competent jurisdiction. v. Except as set forth in Section 15.b.claim or defense was unreasonable, the parties stipulate that arbitrators may assess, as part of their award, all or any part of the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent expenses of the other parties; nor will any party to an (other than attorneys' fees which are covered in Section 7.5 below) and of the arbitrators and the arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyproceeding.

Appears in 5 contracts

Sources: Employment Agreement (CNL Hospitality Properties Inc), Employment Agreement (CNL Hospitality Properties Inc), Employment Agreement (CNL Hospitality Properties Inc)

Arbitration. All Except with regard to Section 6, all disputes and controversies between the parties or any claims concerning the performance, breach, construction or interpretation of every kind and nature between this Agreement, or in any parties hereto manner arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachAgreement, shall be submitted to binding arbitration pursuant in accordance with the Commercial Arbitration Rules, as amended from time to the following procedures: i. After a dispute or controversy arisestime, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who , which arbitration shall be an impartial person) within 30 days, or carried out in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method manner set forth in this Section for the original appointment of such arbitrator.below: iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within a. Within fifteen (15) days after written notice by one party to the close other party of submission its demand for arbitration, which demand shall set forth the name and address of evidenceits designated arbitrator, the other party shall appoint its designated arbitrator and so notify the demanding party. An award rendered Within fifteen (15) days thereafter, the two arbitrators so appointed shall appoint the third arbitrator. If the two appointed arbitrators cannot agree on the third arbitrator, then the AAA shall appoint an independent arbitrator as the third arbitrator. The dispute shall be heard by a majority the arbitrators within ninety (90) days after appointment of the third arbitrator. The decision of any two (2) or all three (3) of the arbitrators appointed pursuant to this Agreement shall be binding upon the parties without any right of appeal. The decision of the arbitrators shall be final and binding upon the Company, its successors and assigns, and upon Executive, his heirs, personal representatives, and legal representatives. b. The arbitration proceedings shall take place in Orlando, Florida, and the judgment and determination of such proceedings shall be binding on all parties to parties. Judgment upon any award rendered by the proceedingarbitrators may be entered into any court having competent jurisdiction without any right of appeal. c. Each party shall pay its or his own expenses of arbitration, shall resolve and the question of costs expenses of the arbitrators and all related mattersthe arbitration proceeding shall be shared equally. However, and judgment on such award may be entered and enforced by either party if in the opinion of a majority of the arbitrators, any court of competent jurisdiction. v. Except as set forth in Section 15.b.claim or defense was unreasonable, the parties stipulate that arbitrators may assess, as part of their award, all or any part of the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent expenses of the other parties; nor will any party to an (other than attorneys’ fees, which are addressed in Section 7.5 below) and of the arbitrators and the arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyproceeding.

Appears in 4 contracts

Sources: Employment Agreement (CNL Hotels & Resorts, Inc.), Employment Agreement (CNL Hotels & Resorts, Inc.), Employment Agreement (CNL Hotels & Resorts, Inc.)

Arbitration. All disputes and controversies of every kind and nature between If any parties hereto controversy, claim or dispute arising out of or in connection with relating to this Agreement or the transactions described herein as breach or performance thereof occurs, the parties shall meet and exert reasonable efforts to reach an amicable settlement for a period not to exceed twenty (20) days from the date written notice of the controversy, claim or dispute is served by the complaining party to the constructionother party under this Agreement. If for any reason such settlement fails to occur within such twenty-day period (or such other period as the parties may agree in writing), validitythe parties will then enlist the services of a mutually agreed upon industry representative to facilitate settlement negotiations for an additional twenty (20) day period in an attempt to resolve the controversy. If a favorable resolution is not attained within the additional twenty (20) day period, interpretation the controversy, claim or meaning, performance, non-performance, enforcement, operation or breach, dispute shall be submitted to binding arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules (“AAA Rules”) and subject to the “AAA”). The two arbitrators so selected Federal Arbitration Act, 9 U.S.C. Sections 1 et seq., and judgment on any award thereby rendered may be entered in any court having jurisdiction thereof. (a) Any such arbitration shall name a proceed as promptly and as expeditiously as possible (and the parties shall cooperate to this end) before three arbitrators, consisting of one arbitrator appointed by the claimant, one arbitrator appointed by the respondent, and the third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator appointed by the two arbitrators so appointed, the third arbitrator party-appointed arbitrators. Arbitration shall be appointed initiated by written notice of intention to arbitrate made pursuant the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expensesAAA Rules. The arbitration hearing claimant shall be held identify its appointed arbitrator in Dallasthe notice of intention to arbitrate, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) respondent shall apply. iv. The arbitration hearing shall be concluded identify its appointed arbitrator within ten (10) days unless otherwise ordered of its receipt of the notice of intention to arbitrate. The two party-appointed arbitrators shall agree upon and appoint the third arbitrator within the ten (10) day period following the appointment of the second party-appointed arbitrator. If either the claimant or the respondent fail to appoint an arbitrator pursuant to the foregoing, or if the two party-appointed arbitrators fail to agree upon and appoint the third arbitrator within the above-referenced ten (10) day period, then such arbitrator or arbitrators shall be appointed by the AAA pursuant to the AAA Rules. The arbitrators chosen or appointed shall have expertise and/or experience in the oil and the written award thereon gas industry. (b) Nothing in this Section shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant deemed to this Agreement shall be final and binding on all parties preclude any party from applying to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdictionjurisdiction at any time prior to the formation of the arbitration panel (including before or during the 20-day negotiation period referenced in the first sentence of this Section) for injunctive, provisional or other emergency relief pertaining to the subject matter of a controversy, claim or dispute that is arbitrable hereunder, or applying for such relief in aid of arbitration after formation of the arbitration panel, where (i) the arbitration award to which the party may be entitled may be rendered ineffectual without such relief, (ii) the party seeking such relief is not in breach of this Section, and (iii) the relief sought will not materially delay or frustrate the arbitration. The grant or denial of any court-ordered relief pursuant to this paragraph shall not constitute or be deemed to be a ruling on the merits of the matter to be arbitrated, nor shall any application for such relief be deemed to be a waiver of any right to arbitration hereunder. v. Except as set forth in Section 15.b., the (c) The parties stipulate hereby agree that the provisions of this Section costs and expenses, including attorneys’ fees, incurred in connection with any arbitration or court proceeding hereunder shall be a complete defense to any suit, action or proceeding instituted awarded in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent favor of the other parties; nor will any prevailing party to an and against the losing party as determined by the arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in panel or court, as the course of an arbitration hereunder without the prior written consent of such other partycase may be.

Appears in 4 contracts

Sources: Participation Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC)

Arbitration. All disputes and controversies of every kind and nature between (a) Except as otherwise expressly provided herein, any parties hereto dispute, controversy or claim arising out of or in connection with this Agreement Agreement, or the transactions described herein as to the constructioninterpretation, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, termination or validity thereof (“Dispute”) shall be submitted to finally resolved by arbitration pursuant to in accordance with the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association (“AAA”) then in effect (the “Rules”), except as modified herein and such arbitration shall be incorporated administered by reference at the AAA. The place of arbitration shall be New York, New York. (b) There shall be one arbitrator who shall be agreed upon by the parties within twenty (20) days of receipt by respondent of a copy of the demand for arbitration. If any arbitrator is not appointed within the time limit provided herein, such hearing arbitrator shall be appointed by the AAA in accordance with the listing, striking and ranking procedure in the substantive Rules, with each party being given a limited number of strikes, except for cause. Any arbitrator appointed by the AAA shall be a retired judge or a practicing attorney with no less than fifteen years of experience with corporate and limited partnership matters and an experienced arbitrator. In rendering an award, the arbitrator shall be required to follow the laws of the State state of Texas (excluding conflict of laws provisions) shall applyDelaware. iv(c) The award shall be in writing and shall briefly state the findings of fact and conclusions of law on which it is based. The arbitration hearing arbitrator shall not be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written permitted to award thereon shall be made within fifteen (15) days after the close of submission of evidencepunitive, multiple or other non-compensatory damages. An The award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all upon the parties and shall be the sole and exclusive remedy between the parties regarding any claims, counterclaims, issues or accounting presented to the proceeding, shall resolve arbitrator. Judgment upon the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court having jurisdiction over any party or any of competent jurisdictionits assets. Any costs or fees (including attorneys’ fees and expenses) incident to enforcing the award shall be charged against the party resisting such enforcement. v. Except (d) All Disputes shall be resolved in a confidential manner. The arbitrator shall agree to hold any information received during the arbitration in the strictest of confidence and shall not disclose to any non-party the existence, contents or results of the arbitration or any other information about such arbitration. The parties to the arbitration shall not disclose any information about the evidence adduced or the documents produced by the other party in the arbitration proceedings or about the existence, contents or results of the proceeding except as set forth may be required by law, regulatory or governmental authority or as may be necessary in Section 15.b.an action in aid of arbitration or for enforcement of an arbitral award. Before making any disclosure permitted by the preceding sentence (other than private disclosure to financial regulatory authorities), the parties stipulate that party intending to make such disclosure shall use reasonable efforts to give the provisions other party reasonable written notice of this Section the intended disclosure and afford the other party a reasonable opportunity to protect its interests. (e) Barring extraordinary circumstances (as determined in the sole discretion of the arbitrator), discovery shall be limited to pre-hearing disclosure of documents that each side will present in support of its case, and non-privileged documents essential to a complete defense matter of import in the proceeding for which a party has demonstrated a substantial need. The parties agree that they will produce to any suiteach other all such requested non-privileged documents, action or proceeding instituted in any federal, state or local court or before any administrative tribunal except documents objected to and with respect to which a ruling has been or shall be sought from the arbitrator. There will be no depositions. (f) Any claim brought by a Partner must be brought in such Partner’s individual capacity and not as a plaintiff or class member in any controversy purported class, collective or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyrepresentative proceeding.

Appears in 4 contracts

Sources: Agreement of Limited Partnership (Moelis & Co), Agreement of Limited Partnership (Moelis & Co), Agreement of Limited Partnership (Moelis & Co)

Arbitration. All disputes 17.8.1 Any grievance which has not been satisfactorily adjusted under the Grievance Procedure and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or which involves the transactions described herein as to the constructiondischarge, validity, interpretation or meaning, performancediscipline, non-performancereappointment, enforcementevaluation, operation non-promotion, retrenchment, academic freedom, or breachappropriate financial compensation (meaning any delay or discontinuance of salary or fringe compensation due any bargaining unit member pursuant to this Agreement) of a member of the bargaining unit, of the perquisites of the Federation, may be submitted by either party for settlement under the Arbitration provision of this Article within fifteen (15) business days of the decision by the ▇▇▇▇▇▇▇ or the President if the Federation appealed the ▇▇▇▇▇▇▇’▇ decision to the President. 17.8.2 An appropriate grievance as specified in Section 17.8.1 of this Article may be brought to arbitration by either party provided written notice is served on the University within fifteen (15) business days after the conclusion of the final step of the Grievance Procedure. 17.8.3 The procedure for arbitration shall be submitted to arbitration as follows: 17.8.3.1 Upon receipt of a timely notice pursuant to Section 17.8.2 above, the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered parties will endeavor to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be agree upon an impartial personarbitrator. If no agreement upon an arbitrator is reached with seven (7) appointed by such business days, then the grieving party demanding arbitration, together with a statement of may submit its demand for arbitration and request lists from the matter in controversyAmerican Arbitration Association. ii. Within 30 days after receipt 17.8.3.2 Selection of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then setting the second arbitrator shall date and place of the hearing, and evidentiary and post-hearing procedures will be named by conducted in accordance with the labor arbitration rules of the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or then in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iiieffect. Each party shall bear the expense of preparing and presenting its own arbitration costs and expensescase, including expenses of its own representatives. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority compensation of the arbitrators. The Commercial Arbitration Rules arbitrator and any other expenses of the American Arbitration Association shall be incorporated borne equally by reference at such hearing the parties. 17.8.3.3 If either party contends that the grievance does not raise an arbitrable issue, the arbitrator shall first hear and determine separately whether an arbitrable issue has been presented. If the substantive laws arbitrator decides the issue(s) are arbitrable, s/he shall so state his/her reasons in writing and thereafter shall have the authority to determine the merits of the State of Texas (excluding conflict of laws provisions) shall applygrievance consistent herewith. iv17.8.3.4 The arbitrator shall have no power to add to, subtract from, modify or disregard any of the provisions of this Agreement nor shall his/her decision establish any new wage rate, job classification, job differential or any other term or condition of employment. The arbitration hearing arbitrator’s decision shall be concluded within ten (10) days unless otherwise ordered consistent with the specific terms of this Agreement and may include an appropriate compensatory award as required by the arbitrators and Agreement which shall in no case predate the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority date of the arbitrators appointed pursuant to this Agreement grievance. The arbitrator’s decision which shall contain a full written statement of the grounds upon which the issue(s) are decided, shall be final and binding on all parties to the proceeding, as long as rendered in accordance herewith and shall resolve the question of costs be issued within thirty (30) calendar days of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent close of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyhearing.

Appears in 4 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Arbitration. All disputes 9.2.1 Any and controversies of every kind and nature between any parties hereto arising out of all unresolved Disputes, except as set forth in Section 9.3 or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachSection 9.4, shall be submitted to exclusively and finally resolved by binding arbitration. 9.2.2 Any arbitration pursuant to the following procedures: i. After concerning a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who Dispute shall be an impartial person) appointed conducted in New York, New York, United States of America, unless otherwise agreed to by such party demanding arbitration, together with a statement of the matter Parties in controversy. iiwriting. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who Each and any arbitration shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named administered by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who , and shall be an impartial person) within 30 days, or conducted in lieu of such agreement on a third arbitrator by accordance with the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall AAA (the “Rules”), as such Rules may be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyamended from time to time. iv9.2.3 Within ten (10) days after receipt of an arbitration notice from a Party, the Parties shall attempt in good faith to agree on a single neutral arbitrator with relevant industry experience to conduct the arbitration. The arbitration hearing shall be concluded If the Parties do not agree on a single neutral arbitrator within ten (10) days unless otherwise ordered by the arbitrators after receipt of an arbitration notice, each Party shall select one (1) arbitrator and the written award thereon two (2) Party-selected arbitrators shall select a third arbitrator with relevant industry experience to constitute a panel of three (3) arbitrators to conduct the arbitration in accordance with the Rules. In the event that only one of the Parties selects an arbitrator, then such arbitrator shall be made entitled to act as the sole arbitrator to resolve the Dispute or any all unresolved issues subject to the arbitration. Each and every arbitrator of the arbitration panel conducting the arbitration must and shall agree to render an opinion within fifteen twenty (1520) days after the close of submission of evidence. An final hearing before the panel. 9.2.4 The decision or award rendered by a majority of the arbitrators appointed pursuant to this Agreement arbitrator(s) shall be final final, binding, and binding on all parties incontestable and may be used as a basis for judgment thereon in any jurisdiction. To the full extent permissible under Applicable Law, the Parties hereby expressly agree to waive the right to appeal from the decision of the arbitrator(s), there shall be no appeal to any court or other authority (government or private) from the decision of the arbitrator(s), and the Parties shall not dispute nor question the validity of such decision or award before any regulatory or other authority in any jurisdiction where enforcement action is taken by the Party in whose favor the decision or award is rendered, except in the case of fraud. The arbitrator(s) shall, upon the request of any Party, issue a written opinion of the findings of fact and conclusions of law and shall deliver a copy to each of the Parties. Each Party shall bear its own costs and attorney’s fees, and the Parties shall equally bear the fees, costs, and expenses of the arbitrator(s) and the arbitration proceedings; provided, however, that the arbitrator(s) may exercise discretion to award costs, including attorney’s fees, to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award prevailing Party. Without limiting any other remedies that may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b.available under applicable law, the parties stipulate that the provisions of this Section arbitrator(s) shall be a complete defense have no authority to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results award provisional remedies of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by nature whatsoever, or punitive, special, consequential, or any other party to an arbitration in the course similar form of an arbitration hereunder without the prior written consent of such other partydamages.

Appears in 4 contracts

Sources: Supply Agreement (Codexis Inc), Enzyme License and Supply Agreement (Codexis Inc), Enzyme License and Supply Agreement (Codexis Inc)

Arbitration. All disputes and controversies between the parties or any claims concerning the performance, breach, construction or interpretation of every kind and nature between this Agreement, or in any parties hereto manner arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachAgreement, shall be submitted to binding arbitration pursuant in accordance with the Commercial Arbitration Rules, as amended from time to the following procedures: i. After a dispute or controversy arisestime, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who , which arbitration shall be an impartial personcarried out in the manner set forth below: (i) within 30 daysWithin fifteen days after written notice by one party to the other party of its demand for arbitration, or in lieu which demand shall set forth the name and address of such agreement on a third its designated arbitrator, the other party shall appoint its designated arbitrator by and so notify the demanding party. Within fifteen days thereafter, the two arbitrators so appointed, appointed shall appoint the third arbitrator shall be appointed by the AAAarbitrator. If any arbitrator the two appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is renderedarbitrators cannot agree on the third arbitrator, then the vacancy AAA shall appoint an independent arbitrator as the third arbitrator. The dispute shall be filled heard by the method set forth in this Section for the original arbitrators within 90 days after appointment of such the third arbitrator. The decision of any two or all three of the arbitrators shall be binding upon the parties without any right of appeal. The decision of the arbitrators shall be final and binding upon the Company, its successors and assigns, and upon Executive, his heirs, personal representatives, and legal representatives. (ii) The arbitration proceedings shall take place in Des Moines, Iowa, and the judgment and determination of such proceedings shall be binding on all parties. Judgment upon any award rendered by the arbitrators may be entered into any court having competent jurisdiction without any right of appeal. (iii. ) Each party shall bear pay its or his own expenses of arbitration, and the expenses of the arbitrators and the arbitration costs and expenses. The arbitration hearing proceeding shall be held shared equally. However, if in Dallas, Texas at a location designated by the opinion of a majority of the arbitrators. The Commercial Arbitration Rules , any claim or defense was unreasonable, the arbitrators may assess, as part of their award, all or any part of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws arbitration expenses of the State other party (including reasonable attorneys’ fees) and of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the arbitration proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 4 contracts

Sources: Employment Agreement (Renewable Energy Group, Inc.), Employment Agreement (Renewable Energy Group, Inc.), Employment Agreement (Renewable Energy Group, Inc.)

Arbitration. All disputes and controversies Notwithstanding any other provision of every kind and nature between this Agreement to the contrary, if any parties hereto controversy, claim or dispute arising out of or in connection with relating to this Agreement or the transactions described herein as breach or performance thereof occurs, the parties shall meet and exert reasonable efforts to reach an amicable settlement for a period not to exceed twenty (20) days from the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a date written notice delivered of the controversy, claim or dispute is served by the complaining party to the other party under this Agreement. If for any reason such settlement fails to occur within such twenty-day period (or such other period as the parties to may agree in writing), the disputecontroversy, demand such arbitration. Such notice shall designate the name of the arbitrator (who claim or dispute shall be an impartial person) appointed finally and conclusively resolved by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named binding arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules (“AAA Rules”) and subject to the “AAA”). The two arbitrators so selected Federal Arbitration Act, 9 U.S.C. Sections 1 et seq., and judgment on any award thereby rendered may be entered in any court having jurisdiction thereof. (a) Any such arbitration shall name a proceed as promptly and as expeditiously as possible (and the parties shall cooperate to this end) before three arbitrators, consisting of one arbitrator appointed by the claimant, one arbitrator appointed by the respondent, and the third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator appointed by the two arbitrators so appointed, the third arbitrator party-appointed arbitrators. Arbitration shall be appointed initiated by written notice of intention to arbitrate made pursuant the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expensesAAA Rules. The arbitration hearing claimant shall be held identify its appointed arbitrator in Dallasthe notice of intention to arbitrate, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) respondent shall apply. iv. The arbitration hearing shall be concluded identify its appointed arbitrator within ten (10) days unless otherwise ordered of its receipt of the notice of intention to arbitrate. The two party-appointed arbitrators shall agree upon and appoint the third arbitrator within the ten (10) day period following the appointment of the second party-appointed arbitrator. If either the claimant or the respondent fail to appoint an arbitrator pursuant to the foregoing, or if the two party-appointed arbitrators fail to agree upon and appoint the third arbitrator within the above-referenced ten (10) day period, then such arbitrator or arbitrators shall be appointed by the AAA pursuant to the AAA Rules. The arbitrators chosen or appointed shall have expertise and/or experience in the oil and the written award thereon gas industry. (b) Nothing in this Section shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant deemed to this Agreement shall be final and binding on all parties preclude any party from applying to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdictionjurisdiction at any time prior to the formation of the arbitration panel (including before or during the twenty (20) day negotiation period referenced in the first sentence of this Section) for injunctive, provisional or other emergency relief pertaining to the subject matter of a controversy, claim or dispute that is arbitrable hereunder, or applying for such relief in aid of arbitration after formation of the arbitration panel, where (i) the arbitration award to which the party may be entitled may be rendered ineffectual without such relief, (ii) the party seeking such relief is not in breach of this Section, and (iii) the relief sought will not materially delay or frustrate the arbitration. The grant or denial of any court-ordered relief pursuant to this paragraph shall not constitute or be deemed to be a ruling on the merits of the matter to be arbitrated, nor shall any application for such relief be deemed to be a waiver of any right to arbitration hereunder. v. Except as set forth in Section 15.b., the (c) The parties stipulate hereby agree that the provisions of this Section costs and expenses, including attorneys’ fees, incurred in connection with any arbitration or court proceeding hereunder shall be a complete defense to any suit, action or proceeding instituted awarded in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent favor of the other parties; nor will any prevailing party to an and against the losing party as determined by the arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in panel or court, as the course of an arbitration hereunder without the prior written consent of such other partycase may be.

Appears in 4 contracts

Sources: Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC), Operating Agreement (Vanguard Natural Resources, LLC)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto A. Any controversy, dispute or claim arising out of or in connection with relating to this Agreement or the transactions described herein as breach hereof which cannot be settled by mutual agreement (other than with respect to the constructionmatters covered by Section IX for which JTAX may, validitybut will not be required to, interpretation seek injunctive relief) will be finally settled by binding arbitration in accordance with the Federal Arbitration Act (or meaningif not applicable, performance, non-performance, enforcement, operation or breach, shall the applicable state arbitration law) as follows: Any party who is aggrieved will deliver a notice to the other party setting forth the specific points in dispute. Any points remaining in dispute twenty (20) days after the giving of such notice may be submitted to arbitration pursuant in Parsippany, New Jersey, to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name Association, before a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any single arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an in accordance with the arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules rules of the American Arbitration Association shall be incorporated by reference at such hearing and Association, modified only as herein expressly provided. After the substantive laws of the State of Texas aforesaid twenty (excluding conflict of laws provisions20) shall apply. iv. The arbitration hearing shall be concluded within days, either party, upon ten (10) days unless otherwise ordered by notice to the arbitrators and other, may so submit the written award thereon shall be made within fifteen (15) days after points in dispute to arbitration. The arbitrator may enter a default decision against any party who fails to participate in the close of submission of evidence. An award rendered by a majority arbitration proceedings. B. The decision of the arbitrators appointed pursuant to this Agreement shall arbitrator on the points in dispute will be final final, unappealable and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related mattersbinding, and judgment on such the award may be entered in any court having jurisdiction thereof. C. Except as otherwise provided in this Agreement, the arbitrator will be authorized to apportion its fees and enforced expenses and the reasonable attorneys’ fees and expenses of any such party as the arbitrator deems appropriate. In the absence of any such apportionment, the fees and expenses of the arbitrator will be borne equally by each party, and each party will bear the fees and expenses of its own attorney. D. The parties agree that this Section XVII has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this Section XVII will be grounds for dismissal of any court action commenced by either party in with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award. In the event that any court of competent jurisdiction. v. Except as set forth in Section 15.b.determines that this arbitration procedure is not binding, or otherwise allows any litigation regarding a dispute, claim, or controversy covered by this Agreement to proceed, the parties stipulate that the provisions of this Section shall be hereto hereby waive any and all right to a complete defense to any suit, action trial by jury in or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or disputelitigation. E. The parties will keep confidential, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor and will any party to an arbitration not disclose to any third party person, except as may be required by law, the existence of any confidential information disclosed by controversy hereunder, the referral of any other party such controversy to an arbitration in or the course of an arbitration hereunder without the prior written consent of such other partystatus or resolution thereof.

Appears in 4 contracts

Sources: Employment Agreement (Jackson Hewitt Tax Service Inc), Employment Agreement (Jackson Hewitt Tax Service Inc), Employment Agreement (Jackson Hewitt Tax Service Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with under this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to settled by arbitration before a single arbitrator pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules commercial law rules of the American Arbitration Association Association. Arbitration may be commenced at any time by any party hereto giving written notice to each other party to a dispute that such dispute has been referred to arbitration under this Section 7.5. The arbitrator shall be incorporated selected by reference at such hearing and the substantive laws joint agreement of the State Indemnifying Party and Indemnified Party, but if they do not so agree within 20 days after the date of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and notice referred to above, the written award thereon selection shall be made within fifteen (15) days after pursuant to the close rules from the panels of submission of evidencearbitrators maintained by such Association. An Any award rendered by the arbitrator shall be conclusive and binding upon the parties hereto; provided, however, that any such award shall be accompanied by a majority written opinion of the arbitrators appointed pursuant to this Agreement arbitrator giving the reasons for the award. This provision for arbitration shall be specifically enforceable by the parties and the decision of the arbitrator in accordance herewith shall be final and binding on all parties to without right of appeal. Each party shall pay its own expenses of arbitration and the proceeding, shall resolve the question of costs expenses of the arbitrators and all related mattersarbitrator shall be equally shared; provided, and judgment on such award may be entered and enforced by either party however, that if in the opinion of the arbitrator any court of competent jurisdiction. v. Except as set forth in Section 15.b.claim for indemnification or any defense or objection thereto was unreasonable, the parties stipulate that arbitrator may assess, as part of his award, all or any part of the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent expenses of the other parties; nor will party (including reasonable attorneys' fees) and of the arbitrator against the party raising such unreasonable claim, defense or objection. To the extent that arbitration may not be legally permitted hereunder and the parties to any dispute hereunder may not at the time of such dispute mutually agree to submit such dispute to arbitration, any party may commence a civil action in a court of appropriate jurisdiction to an arbitration disclose to solve disputes hereunder. Nothing contained in this Section 7.5 shall prevent the parties from settling any third party dispute by mutual agreement at any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partytime.

Appears in 4 contracts

Sources: Asset Purchase Agreement (Futomic Industries Inc), Asset Purchase Agreement (EncryptaKey, Inc.), Technology Asset Purchase Agreement (Priviam, Inc.)

Arbitration. All disputes and controversies A. As a condition precedent to any right of every kind and nature between action hereunder, any parties hereto irreconcilable dispute arising out of the interpretation, performance or in connection with breach of this Agreement Contract, including the formation or validity thereof, whether arising before or after the transactions described herein as to expiry or termination of the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachContract, shall be submitted for decision to a panel of 3 arbitrators. Notice requesting arbitration pursuant will be in writing and sent by certified mail, return receipt requested, or such reputable courier service as is capable of returning proof of receipt of such notice by the recipient to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration. B. The Company shall have the option to either litigate or arbitrate where: 1. The Reinsurer makes any allegation of misrepresentation, together with a statement non-disclosure, concealment, fraud or bad faith; or 2. The Reinsurer experiences any of the matter circumstances set forth in controversysubparagraphs 1 through 7 of paragraph A of the SPECIAL TERMINATION ARTICLE. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third C. One arbitrator shall be appointed by the AAAeach party. If any either party fails to appoint its arbitrator appointed hereunder shall die, resign, refuse or become unable within 30 days after being requested to act before an arbitration decision is rendered, then the vacancy shall be filled do so by the method set forth in this Section for other party, the original appointment latter, after 10 days notice by certified mail or reputable courier as provided above of such its intention to do so, may appoint the second arbitrator. iiiD. The two arbitrators shall, before instituting the hearing, appoint an impartial third arbitrator who shall preside at the hearing. If the 2 arbitrators are unable to agree upon the third arbitrator within 30 days of their appointment, the Company shall petition the American Arbitration Association to appoint the third arbitrator. If the American Arbitration Association fails to appoint the third arbitrator within 30 days of being requested to do so, either party may request a district court judge of the federal district court having jurisdiction over the geographical area in which the arbitration is to take place, or if the federal court declines to act, the state court having general jurisdiction in such area to select the third arbitrator from a list of 6 individuals (3 named by each arbitrator previously appointed). All arbitrators shall be disinterested active or former senior executives of insurance or reinsurance companies or Underwriters at Lloyd’s, London. E. Within 30 days after notice of appointment of all arbitrators, the panel shall meet and determine timely periods for briefs, discovery procedures and schedules for hearings. The panel shall be relieved of all judicial formality and shall not be bound by the strict rules of procedure and evidence. Unless the panel agrees otherwise, arbitration shall take place in DeRidder, Louisiana but the venue may be changed when deemed by the panel to be in the best interest of the arbitration proceeding. Insofar as the arbitration panel looks to substantive law, it shall consider the law of the State of Louisiana. The decision of any 2 arbitrators when rendered in writing shall be final and binding. The panel is empowered to grant interim relief as it may deem appropriate. F. The panel shall make its decision considering the custom and practice of the applicable insurance and reinsurance business as promptly as possible following the termination of the hearings. Judgment upon the award may be entered in any court having jurisdiction thereof. G. If more than one subscribing reinsurer is involved in arbitration where there are common questions of law or fact and a possibility of conflicting awards or inconsistent results, all such subscribing reinsurers shall constitute and act as one party for purposes of this Article and communications shall be made by the Company to each of the subscribing reinsurers constituting the one party; provided, however, that nothing therein shall impair the rights of such subscribing reinsurers to assert several, rather than joint defenses or claims, nor be construed as changing the liability of the subscribing reinsurers under the terms of this Contract from several to joint. H. Each party shall bear the expense of its own arbitration costs arbitrator and expensesshall jointly and equally bear with the other party the cost of the third arbitrator. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of remaining costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section arbitration shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or allocated by the transactions described hereinpanel. The arbitration provisions hereof shallpanel may, with respect at its discretion, award such further costs and expenses as it considers appropriate, including but not limited to such controversy or disputeattorneys fees, survive to the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed extent permitted by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partylaw.

Appears in 4 contracts

Sources: Interests and Liabilities Agreement, Reinsurance Agreement, Interests and Liabilities Agreement (Amerisafe Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any dispute or controversy arising out of or in ----------- connection with this Agreement or the transactions described herein as to the existence, construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or operation, breach, continuance or termination thereof shall be submitted to arbitration pursuant to the following proceduresprocedure: i. After a dispute or (i) Either party may demand such arbitration in writing after the controversy arises, any party may, in a written notice delivered to the other parties to the dispute, which demand such arbitration. Such notice shall designate include the name of the arbitrator (who shall be an impartial person) appointed by such the party demanding arbitration, together with a statement of the matter in controversy. (ii. ) Within 30 15 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who party shall be an impartial person). If such parties fail to name an arbitrator, then the second or in default thereof, such arbitrator shall be named by the Arbitration Committee of the American Arbitration Association (Association, and the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days15 days or, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the a third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then Arbitration Committee of the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitratorAmerican Arbitration Association. (iii. Each ) Subject to the provisions of paragraph 5 (ii) hereof, each party shall bear the cost of the arbitrator appointed by it or on its behalf and its own legal fees, and the remaining costs of the arbitration costs and expenses. shall be borne equally by each party. (iv) The arbitration hearing shall be held in Dallas, Texas at a location designated site in Port ▇▇▇▇▇▇, Texas, to be agreed to by a majority of the arbitrators. The Commercial Arbitration Rules of arbitrators on 10 days' written notice to the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyparties. iv. (v) The arbitration hearing shall be concluded within ten (10) 10 days unless otherwise ordered by a majority of the arbitrators arbitrators, and the written award thereon shall be made within fifteen (15) 10 days after the close of the submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court the highest court, state of competent federal, having jurisdiction. v. Except as set forth in Section 15.b., the . The parties stipulate that the provisions of this Section hereof shall be a complete defense to any suit, action or proceeding instituted in any federal, state state, or local court or before any administrative tribunal with respect to any controversy or dispute arising out during the period of this Agreement or the transactions described hereinand which is arbitrable as herein set forth. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 4 contracts

Sources: Severance Agreement (U S Intec Inc), Severance Agreement (U S Intec Inc), Severance Agreement (U S Intec Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. (1) After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. (2) Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ ' arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “"AAA”"). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. (3) Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasHouston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. (4) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. (5) Except as set forth in Section 15.b.7(d)(ii), the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 4 contracts

Sources: Restricted Stock Award Agreement (Endeavour International Corp), Restricted Stock Award Agreement (Endeavour International Corp), Stock Grant Agreement (Endeavour International Corp)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. (i) After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. (ii. ) Within 30 thirty (30) days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 thirty (30) days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. (iii. ) Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasHouston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. (iv. ) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. (v) Except as set forth in Section 15.b.19(b) and (c), the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 4 contracts

Sources: Employment Agreement (Matrix Geophysical, Inc.), Employment Agreement (Matrix Geophysical, Inc.), Employment Agreement (Matrix Geophysical, Inc.)

Arbitration. All disputes and controversies of every kind and nature (a) Any controversy between any the parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Trust Fund Grant Agreement and any claim by either such party against the other arising under the Trust Fund Grant Agreement which has not been settled by agreement of the parties shall be submitted to arbitration pursuant to the following procedures:by an Arbitral Tribunal as hereinafter provided. i. After a dispute or controversy arises, any party may, in a written notice delivered to the other (b) The parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who arbitration shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversyAdministrator and the Recipient. ii. Within 30 days after receipt (c) The Arbitral Tribunal shall consist of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two three arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third appointed as follows: one arbitrator shall be appointed by the AAAAdministrator; a second arbitrator shall be appointed by the Recipient; and the third arbitrator (hereinafter sometimes called the Umpire) shall be appointed by agreement of the parties or, if they shall not agree, by the President of the International Court of Justice or, failing appointment by said President, by the Secretary-General of the United Nations. If either of the parties shall fail to appoint an arbitrator, such arbitrator shall be appointed by the Umpire. In case any arbitrator appointed hereunder in accordance with this Section shall die, resign, refuse die or become unable to act before an arbitration decision is renderedact, then the vacancy a successor arbitrator shall be filled by appointed in the method set forth in this Section same manner as herein prescribed for the original appointment of the original arbitrator and such successor shall have all the powers and duties of such original arbitrator. iii(d) An arbitration proceeding may be instituted under this Section upon notice by the party instituting such proceeding to the other party. Each Such notice shall contain a statement setting forth the nature of the controversy or claim to be submitted to arbitration, the nature of the relief sought, and the name of the arbitrator appointed by the party instituting such proceeding. Within thirty days after such notice, the other party shall bear its own notify to the party instituting the proceeding the name of the arbitrator appointed by such other party. (e) If within sixty days after the notice instituting the arbitration costs proceeding, the parties shall not have agreed upon an Umpire, either party may request the appointment of an Umpire as provided in paragraph (c) of this Section. (f) The Arbitral Tribunal shall convene at such time and expenses. The arbitration hearing place as shall be held fixed by the Umpire. Thereafter, the Arbitral Tribunal shall determine where and when it shall sit. (g) The Arbitral Tribunal shall decide all questions relating to its competence and shall, subject to the provisions of this Section and except as the parties shall otherwise agree, determine its procedure. All decisions of the Arbitral Tribunal shall be by majority vote. (h) The Arbitral Tribunal shall afford to the parties a fair hearing and shall render its award in Dallas, Texas at a location designated writing. Such award may be rendered by default. An award signed by a majority of the arbitratorsArbitral Tribunal shall constitute the award of such Tribunal. The Commercial Arbitration Rules A signed counterpart of the American Arbitration Association award shall be incorporated by reference at transmitted to each party. Any such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that accordance with the provisions of this Section shall be a complete defense final and binding upon the parties to the Trust Fund Grant Agreement. Each party shall abide by and comply with any suit, action or proceeding instituted such award rendered by the Arbitral Tribunal in any federal, state or local court or before any administrative tribunal accordance with respect to any controversy or dispute arising out the provisions of this Section. (i) The parties shall fix the amount of the remuneration of the arbitrators and such other persons as shall be required for the conduct of the arbitration proceedings. If the parties shall not agree on such amount before the Arbitral Tribunal shall convene, the Arbitral Tribunal shall fix such amount as shall be reasonable under the circumstances. Each party shall defray its own expenses in the arbitration proceedings. The costs of the Arbitral Tribunal shall be divided between and borne equally by the parties. Any question concerning the division of the costs of the Arbitral Tribunal or the procedure for payment of such costs shall be determined by the Arbitral Tribunal. (j) The provisions for arbitration set forth in this Section shall be in lieu of any other procedure for the settlement of controversies between the parties to the Trust Fund Grant Agreement or of any claims by either party against the transactions described hereinother party arising thereunder. (k) The Administrator shall not be entitled to enter judgment against the Recipient upon the award, to enforce the award against the Recipient by execution or to pursue any other remedy against the Recipient for the enforcement of the award, except as such procedure may be available against the Recipient otherwise than by reason of the provisions of this Section. If, within thirty days after counterparts of the award shall have been delivered to the parties, the award shall not be complied with by the Administrator, the Recipient may take any such action for the enforcement of the award against the Administrator. (l) Service of any notice or process in connection with any proceeding under this Section or in connection with any proceeding to enforce any award rendered pursuant to this Section may be made in the manner provided in Section 10.01 of these General Conditions. The arbitration provisions hereof shall, with respect parties to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose Trust Grant Agreement waive any and all other requirements for the existence or results service of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partynotice or process.

Appears in 4 contracts

Sources: Trust Fund Grant Agreement, Trust Fund Grant Agreement, Trust Fund Grant Agreement

Arbitration. In the event that the Dispute is not resolved in an amicable manner as set forth in Section 8.5(a) or through mediation pursuant to Section 8.5(b), the latter within 30 days of the submission of the Dispute to mediation, either party involved in the Dispute may submit the dispute to binding arbitration pursuant to this Section 8.5(c). All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be Disputes submitted to arbitration pursuant to this Section 8.5(c) shall be resolved in accordance with the following procedures: i. After a dispute or controversy arisesCommercial Arbitration Rules of the American Arbitration Association, any unless either party mayinvolved elects to utilize an independent referee (“Referee”) mutually acceptable to the parties, in a written notice delivered which event all references herein to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association shall be deemed modified accordingly. Expedited rules shall apply regardless of the amount at issue. Arbitration proceedings hereunder may be initiated by either party making a written request to the American Arbitration Association, together with any appropriate filing fee, at the office of the American Arbitration Association in Orlando, Florida. The arbitration shall be by a single qualified arbitrator (“Arbitrator”) experienced in the “AAA”matters at issue, such Arbitrator to be mutually agreed upon by FIS and LPS. If the parties fail to agree on an Arbitrator within 30 days after notice of commencement of arbitration, the American Arbitration Association shall, upon the request of any party to the dispute or difference, appoint the Arbitrator. All arbitration proceedings shall be held in the city of Jacksonville, Florida in a location to be specified by the Arbitrator (or any place agreed to by the parties and the Arbitrator). The two arbitrators so selected shall name a third arbitrator (who Any order or determination of the arbitral tribunal shall be an impartial personfinal and binding upon the parties to the arbitration as to matters submitted and may be enforced by any party to the Dispute in any court having jurisdiction over the subject matter or over any of the parties. The parties agree that the length of time to be provided in any arbitration action to conduct discovery shall be limited to 90 days, the length of time to conduct the arbitration hearing shall be limited to ten days (with each party having equal time) and that the Arbitrator shall be required to render his or her decision within 30 days, or in lieu days of such agreement on a third arbitrator the completion of the arbitration hearing. All costs and expenses incurred by the two arbitrators so appointed, the third arbitrator Arbitrator shall be appointed shared equally by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iiiparties. Each party shall bear its own arbitration costs and expensesexpenses in connection with any such arbitration proceeding. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results use of any arbitration alternative dispute resolution procedures hereunder without will not be construed under the prior written consent doctrines of laches, waiver or estoppel to affect adversely the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course rights of an arbitration hereunder without the prior written consent of such other either party.

Appears in 4 contracts

Sources: Tax Disaffiliation Agreement (Lender Processing Services, Inc.), Tax Disaffiliation Agreement (Lender Processing Services, Inc.), Tax Disaffiliation Agreement (Lender Processing Services, Inc.)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to binding arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ ' arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “"AAA”"). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasCleveland, Texas Ohio at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas Ohio (excluding conflict of laws provisions) shall apply. Discovery shall not be permitted in the arbitration. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b17.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/), Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/), Nonqualified Stock Option Agreement (Corrpro Companies Inc /Oh/)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any dispute arising out of or in connection relating to Article 5 of this Lease (with this Agreement or the transactions described herein as respect to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, issues expressly stated therein) shall be submitted to and determined in binding arbitration pursuant to under the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association Association. The arbitration shall be incorporated conducted before and by reference at such hearing a single arbitrator selected by the parties who shall have a minimum of ten (10) years of experience in commercial real estate disputes and who shall not be affiliated with either Landlord or Tenant. If the substantive laws parties have not selected an arbitrator within thirty (30) days of written demand for arbitration, the State arbitrator shall be selected by the American Arbitration Association pursuant to the then current rules of Texas (excluding conflict of laws provisions) shall apply. ivthat Association on application by either party. The arbitrator shall have authority to fashion such just, equitable and legal relief as such arbitrator, in such arbitrator’s sole discretion, may determine; provided, however, the arbitrator shall not be authorized to award consequential, special, indirect or punitive damages. The parties agree that the arbitration hearing shall be held within thirty (30) business days following notification to the parties of the appointment of such arbitrator, and that the arbitration proceedings shall be concluded within ten thirty (1030) business days unless otherwise ordered following the first scheduled arbitration hearing. At the arbitration hearing each party shall present its position (including the right to present witness testimony) and rebuttal within the time period established by the arbitrators and the written award thereon arbitrator (which shall be made within fifteen (15) days after the close same for both parties). Each party shall bear all its own expenses of submission of evidence. An award rendered by a majority arbitration and shall bear equally the costs and expenses of the arbitrators appointed pursuant to this Agreement arbitrator. All arbitration proceedings shall be conducted in the City of Boston, Commonwealth of Massachusetts. The arbitrator’s decision shall be final and binding on all parties to the proceedingparties. Landlord and Tenant further agree that they will faithfully observe this Lease and rules, shall resolve and that they will abide by and perform any award rendered by the question of costs arbitrator and that a judgment of the arbitrators and all related matters, and judgment on such award court having jurisdiction may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., upon the parties stipulate that award. The duty to arbitrate shall survive the provisions cancellation or termination of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyLease.

Appears in 3 contracts

Sources: Lease Agreement (Alzheon, Inc.), Lease Agreement (Alzheon, Inc.), Lease Agreement (Alzheon, Inc.)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any dispute, controversy or claim arising out of or in connection with relating to this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to finally resolved by arbitration pursuant to in accordance with the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules rules of the American Arbitration Association then obtaining. Unless otherwise agreed in writing by the Parties hereto, the arbitral panel shall consist of three (3) arbitrators, one to be incorporated appointed by reference at such hearing each Party and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall third to be concluded within ten (10) days unless otherwise ordered appointed by the two arbitrators and appointed by the written award thereon shall be made Parties. In the event that a Party fails to appoint an arbitrator within fifteen (15) days after any such dispute, controversy or claim has been referred to arbitration hereunder, then, in such event, the close of submission of evidenceother Party may request the American Arbitration Association to appoint an arbitrator for the Party failing to make such appointment. An In the event that the third arbitrator has not been appointed within thirty (30) days after any such dispute, controversy or claim has been referred to arbitration hereunder, then, in such event, either Party may request the American Arbitration Association to appoint such third arbitrator. The arbitration proceedings, all documents submitted therein and the award rendered by a majority of the arbitrators appointed pursuant arbitral panel shall be in the English language, and all members of the arbitral panel shall be fluent in English. The arbitration proceedings shall be held in New York, New York, the United States of America. The arbitral panel shall apply the rules of procedure applicable to civil actions in the courts of the state of New York; provided, however, that both Parties shall be entitled to representation by counsel, to appear and present written or oral evidence and argument and to cross-examine witnesses presented by the other Party. The arbitral award shall be in writing and the arbitral panel shall provide written reason for its award. The award of the arbitral panel shall be final and binding upon the Parties. The Parties waive any rights to appeal or to review such award by any court or tribunal, and such award shall be final and binding. Each Party agrees that any arbitral award or final judgment rendered against it in any action or proceeding relating in any way to this Agreement shall be final conclusive and binding on all parties may be enforced, to the proceedingextent permitted by applicable law, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court in the state of competent jurisdiction. v. Except as set forth in Section 15.b.New York, by suit on the parties stipulate that arbitral award or judgment, a certified copy of which arbitral award or judgment shall be conclusive evidence thereof, or by such other means provided by applicable law. The Parties further agree to undertake to carry out without delay the provisions of any arbitral award or order. A Party may disclose the contents of an award of the arbitral tribunal only to affiliates, Governmental Authorities or other persons as required by applicable law. (a) To the extent any Party has or may acquire any immunity (sovereign or otherwise) from jurisdiction of any arbitral tribunal or court in or in connection with any arbitration under this Section shall Agreement or any proceeding, action, lawsuit or process (whether through service or notice, attachment in aid of execution, execution or otherwise) pursuant to, in aid of, arising out of, in confirmation or registration of, or to enforce, an award of an arbitration proceeding under this Agreement, each Party, solely for the purpose of such arbitration proceeding, action, lawsuit or process, hereby irrevocably waives such immunity. The foregoing waiver and consent are intended to be a complete defense effective to the fullest extent now or hereafter permitted by the applicable law of any jurisdiction where any suit, action or proceeding instituted with respect to an arbitration under this Agreement may be commenced, including the fullest extent permitted under the Foreign Sovereign Immunities Act of 1976 of the United States of America and are intended to be irrevocable and not subject to withdrawal for purposes of such act. Pending the final decision of the arbitrator of a dispute hereunder, Buyer and Seller shall diligently proceed with the performance of any portion of the Agreement without prejudice to a final adjustment in any federal, state or local court or before any administrative accordance with the decision rendered by the arbitral tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Uranium Supply Contract (Uranium Resources Inc /De/), Uranium Supply Contract (Uranium Resources Inc /De/), Uranium Supply Contract (Uranium Resources Inc /De/)

Arbitration. All Except with regard to Section 6, all disputes and controversies between the parties or any claims concerning the performance, breach, construction or interpretation of every kind and nature between this Agreement, or in any parties hereto manner arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachAgreement, shall be submitted to binding arbitration pursuant in accordance with the Commercial Arbitration Rules, as amended from time to the following procedures: i. After a dispute or controversy arisestime, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who , which arbitration shall be an impartial person) within 30 days, or carried out in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method manner set forth in this Section for the original appointment of such arbitrator.below: iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within a. Within fifteen (15) days after written notice by one party to the close other party of submission its demand for arbitration, which demand shall set forth the name and address of evidenceits designated arbitrator, the other party shall appoint its designated arbitrator and so notify the demanding party. An award rendered Within fifteen (15) days thereafter, the two arbitrators so appointed shall appoint the third arbitrator. If the two appointed arbitrators cannot agree on the third arbitrator, then the AAA shall appoint an independent arbitrator as the third arbitrator. The dispute shall be heard by a majority the arbitrators within ninety (90) days after appointment of the third arbitrator. The decision of any two (2) or all three (3) of the arbitrators appointed pursuant to this Agreement shall be binding upon the parties without any right of appeal. The decision of the arbitrators shall be final and binding upon the Company, its successors and assigns, and upon Executive, his heirs, personal representatives, and legal representatives b. The arbitration proceedings shall take place in Orlando, Florida, and the judgment and determination of such proceedings shall be binding on all parties to parties. Judgment upon any award rendered by the proceedingarbitrators may be entered into any court having competent jurisdiction without any right of appeal. c. Each party shall pay its or his own expenses of arbitration, shall resolve and the question of costs expenses of the arbitrators and all related mattersthe arbitration proceeding shall be shared equally. However, and judgment on such award may be entered and enforced by either party if in the opinion of a majority of the arbitrators, any court of competent jurisdiction. v. Except as set forth in Section 15.b.claim or defense was unreasonable, the parties stipulate that arbitrators may assess, as part of their award, all or any part of the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent expenses of the other parties; nor will any party to an (other than attorneys’ fees, which are addressed in Section 7.5 below) and of the arbitrators and the arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyproceeding.

Appears in 3 contracts

Sources: Employment Agreement (CNL Hotels & Resorts, Inc.), Employment Agreement (CNL Hotels & Resorts, Inc.), Employment Agreement (CNL Hotels & Resorts, Inc.)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any controversy or claim arising out of or in connection with relating to this Agreement Guaranty Agreement, or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachany alleged breach thereof, shall be submitted to determined by arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named administered by the American Arbitration Association in accordance with its International Arbitration Rules. The number of arbitrators shall be three, one appointed by PG&E; one appointed by Guarantor; and the third to be appointed by the first two. The party demanding arbitration shall appoint its arbitrator in its notice of arbitration (the “AAANotice of Arbitration”). The two arbitrators so selected responding party (the “Respondent”) shall name a third appoint its arbitrator (who within 30 days of its receipt of the Notice of Arbitration. In the event of the Respondent’s failure to appoint its arbitrator within that 30-day period, the Respondent’s arbitrator shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator appointed by the two arbitrators so appointed, the American Arbitration Association. The third arbitrator shall be appointed by the AAAtwo arbitrators of the parties within 30 days of the appointment of the latter of the two. If any the two arbitrators fail to appoint the third arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is renderedwithin that 30-day period, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall appoint the third arbitrator. The place of arbitration shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. ivNew York, New York. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and final, binding on all parties the parties, not subject to the proceedingany appeal, shall resolve deal with the question of costs of the arbitrators arbitration and all matters related mattersthereto, and judgment on such shall award PG&E any reasonable attorneys’ fees and all other costs and expenses incurred by PG&E in enforcing this Guaranty. The language of the arbitration shall be English, and the arbitration award shall be written in English. The arbitration panel shall decide in law and not as "amiables compositeurs" or ex aequo et ▇▇▇▇. Judgment upon the award rendered may be entered and enforced by either party in any court having jurisdiction or application may be made to such court for a judicial recognition of competent jurisdiction. v. Except the award or an order of enforcement thereof, as set forth in Section 15.b., the case may be. Each of the parties stipulate hereto agrees that any legal suit, action or proceeding brought by any party to this Guaranty Agreement to enforce an award or an order of enforcement, or otherwise relating to any arbitration hereunder, may be instituted in any U.S. federal or state court in New York, New York, and waives any objection which it may now or hereafter have to the provisions laying of this Section shall be a complete defense venue of any such proceedings, and irrevocably submits to the nonexclusive jurisdiction of such courts in any suit, action or proceeding instituted in proceeding, waiving any federalobjection or defense based on jurisdiction, state venue or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyinconvenient forum.

Appears in 3 contracts

Sources: Cpe Resource Adequacy Agreement, Master Allowance/Offset Credit Purchase Agreement, Long Term Resource Adequacy Agreement

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as (a) Except for matters that are subject to the constructiondispute resolution procedures set forth in Sections 3.7, validity11.2(j) and 12.1(e) and for the matters set forth in Sections 6.6 and 10.2, interpretation or meaning, performance, non-performance, enforcement, operation or breach, any Dispute among the Parties shall be submitted to resolved through final and binding arbitration. (b) The arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together conducted in accordance with a statement the Commercial Arbitration Rules of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”) in effect at the time the arbitration of the Dispute is initiated (the “AAA Rules”). (c) The arbitration shall be conducted by 3 arbitrators and conducted in Dallas, Texas. The two Within 30 days of either Party providing notice to the other Party of a Dispute, each of Buyer and Seller shall appoint one arbitrator, and the 2 arbitrators so selected appointed shall name a select the third and presiding arbitrator (who within 30 days following appointment of the second party-appointed arbitrator. If either Party fails to appoint an arbitrator within the permitted time period or if the Party-appointed arbitrators fail to appoint the presiding arbitrator within the permitted time period, then the missing arbitrator(s) shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator selected by the two arbitrators so appointed, AAA as appointing authority in accordance with the third AAA Rules. Any arbitrator shall be appointed by the AAA. If any arbitrator Party-appointed hereunder shall die, resign, refuse arbitrators or become unable to act before an arbitration decision is rendered, then the vacancy AAA shall be filled a member of the Large, Complex Commercial Case Panel of the AAA or a member of the Center of Public Resources Panel of Distinguished Neutrals. All arbitrators shall be and remain at all times independent and impartial, and, once appointed, no arbitrator shall have any ex parte communications with any of the Parties concerning the arbitration or the underlying Dispute other than communications directly concerning the selection of the presiding arbitrator, when applicable. All arbitrators shall be qualified by education, training, or experience to resolve the method set forth Dispute. No arbitrator shall have been an employee or consultant to any Party or any of its Affiliates within the 5 year period preceding the arbitration, or have any financial interest in this Section for the original appointment of such arbitratorDispute. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority (d) All decisions of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon arbitral tribunal shall be made within fifteen (15) days after the close of submission of evidenceby majority vote. An The award rendered by a majority of the arbitrators appointed pursuant to this Agreement arbitral tribunal shall be final and binding binding, subject only to grounds and procedures for vacating or modifying the award under the Federal Arbitration Act. Judgment on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdictionjurisdiction hereunder. v. Except (e) Notwithstanding the agreement to arbitrate Disputes in this Section 15.16, any Party may apply to a court for interim measures pending appointment of the arbitration tribunal, including injunction, attachment, and conservation orders. The Parties agree that seeking and obtaining such court-ordered interim measures shall not waive the right to arbitration. Additionally, the arbitrators (or in an emergency the presiding arbitrator acting alone in the event one or more of the other arbitrators is unable to be involved in a timely fashion) may grant interim measures including injunctions, attachments, and conservation orders in appropriate circumstances, which measures may be immediately enforced by court order. Hearings on requests for interim measures may be held in person, by telephone or video conference, or by other means that permit the Parties to present evidence and arguments. The arbitrators may require any Party to provide appropriate security in connection with such measures. (f) The arbitral tribunal is authorized to award costs, attorneys’ fees, and expert witness fees and to allocate them among the Parties. The award may include interest, at a rate equal to the one month London Inter-Bank Offer Rate (as published in the Wall Street Journal) plus an additional 2.5 percentage points (or, if such rate is contrary to any applicable usury Law, the maximum rate permitted by such applicable Law), from the date of any default, breach, or other accrual of a claim until the arbitral award is paid in full. The arbitrators may not award indirect, consequential, special or punitive damages. Unless otherwise directed by the arbitral tribunal, each Party shall pay its own expenses in connection with the arbitration. (g) All negotiations, mediation, arbitration, and expert determinations relating to a Dispute (including a settlement resulting from negotiation or mediation, an arbitral award, documents exchanged or produced during a mediation or arbitration proceeding, and memorials, briefs or other documents prepared for the arbitration) are confidential and may not be disclosed by the Parties, their respective Affiliates and each of their respective employees, officers, directors, counsel, consultants, and expert witnesses, except to the extent necessary to enforce any settlement agreement, arbitration award, or expert determination, to enforce other rights of a Party, as required by law or regulation, or for a bona fide business purpose, such as disclosure to accountants, shareholders, or third-party purchasers; provided, however, that breach of this confidentiality provision shall not void any settlement, expert determination, or award. (h) Any papers, notices, or process necessary or proper for an arbitration hereunder, or any court action in connection with an arbitration or an award, may be served on a Party in the manner set forth in Section 15.b15.8., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Exco Resources Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any controversy or claim arising out of or in connection with relating to this Agreement or any related agreement shall be settled by arbitration in accordance with the transactions described herein following provisions: 6.7.1 The agreement of the parties to arbitrate covers all disputes of every kind relating to or arising out of this Agreement or any of the Contemplated Transactions. Disputes include actions for breach of contract with respect to this Agreement, as well as any claim based upon tort or any other causes of action relating to the constructionContemplated Transactions, validitysuch as claims based upon an allegation of fraud or misrepresentation and claims based upon a federal or state statute. In addition, interpretation or meaningthe arbitrators selected according to procedures set forth below shall determine the arbitrability of any matter brought to them, performance, non-performance, enforcement, operation or breach, and their decision shall be submitted to final and binding on the parties, and judgment upon the award may be entered in any court of competent jurisdiction in the United States. The forum for the arbitration pursuant to shall be Atlanta, Georgia, and the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to governing law for the other parties to arbitration shall be the dispute, demand such arbitration. Such notice shall designate the name law of the arbitrator (who State of Georgia, without reference to its conflicts of laws provisions. There shall be an impartial person) appointed by three arbitrators, unless the parties are able to agree on a single arbitrator. In the absence of such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 agreement within 10 days after receipt the initiation of such demandan arbitration proceeding, the other parties shallSeller shall select one arbitrator and Purchaser shall select one arbitrator, in and those two arbitrators shall then select, within 10 days, a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person)third arbitrator. If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The those two arbitrators so selected shall name are unable to select a third arbitrator (who shall be an impartial person) within 30 dayssuch 10 day period, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAcommercial panel of the American Arbitration Association. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration The decision is rendered, then in writing of at least two of the vacancy three arbitrators shall be filled by final and binding upon the method set forth in this Section for the original appointment of such arbitrator. iiiparties. Each party shall bear its own fees and expenses with respect to the arbitration costs and expensesany proceeding related thereto and the parties shall share equally the fees and expenses of the American Arbitration Association and the arbitrators. 6.7.2 The arbitration shall be administered by the American Arbitration Association. The rules of arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association Association, as modified by any other instructions that the parties may agree upon at the time, except that each party shall be incorporated by reference at such hearing have the right to conduct discovery in any manner and to the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered extent authorized by the arbitrators Federal Rules of Civil Procedure as interpreted by the federal courts. If there is any conflict between those rules and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section section, the provisions of this section shall prevail. 6.7.3 The arbitrators shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out bound by and shall strictly enforce the terms of this Agreement and may not limit, expand or the transactions described hereinotherwise modify its terms. The arbitration provisions hereof shall, arbitrators shall not have power to award damages in connection with respect to such controversy any dispute in excess of actual compensatory damages and shall not multiply actual damages or dispute, survive the termination award consequential or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partypunitive damages.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Speedemissions Inc), Asset Purchase Agreement (Speedemissions Inc), Asset Purchase Agreement (Speedemissions Inc)

Arbitration. All disputes and controversies of every kind and nature (a) Any controversy between any the parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Development Grant Agreement and any claim by either such party against the other arising under the Development Grant Agreement which has not been settled by agreement of the parties shall be submitted to arbitration pursuant to the following procedures:by an Arbitral Tribunal as hereinafter provided. i. After a dispute or controversy arises, any party may, in a written notice delivered to the other (b) The parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who arbitration shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversyAssociation and the Recipient. ii. Within 30 days after receipt (c) The Arbitral Tribunal shall consist of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two three arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third appointed as follows: one arbitrator shall be appointed by the AAAAssociation; a second arbitrator shall be appointed by the Recipient; and the third arbitrator (hereinafter sometimes called the Umpire) shall be appointed by agreement of the parties or, if they shall not agree, by the President of the International Court of Justice or, failing appointment by said President, by the Secretary-General of the United Nations. If either of the parties shall fail to appoint an arbitrator, such arbitrator shall be appointed by the Umpire. In case any arbitrator appointed hereunder in accordance with this Section shall die, resign, refuse die or become unable to act before an arbitration decision is renderedact, then the vacancy a successor arbitrator shall be filled by appointed in the method set forth in this Section same manner as herein prescribed for the original appointment of the original arbitrator and such successor shall have all the powers and duties of such original arbitrator. iii(d) An arbitration proceeding may be instituted under this Section upon notice by the party instituting such proceeding to the other party. Each Such notice shall contain a statement setting forth the nature of the controversy or claim to be submitted to arbitration, the nature of the relief sought, and the name of the arbitrator appointed by the party instituting such proceeding. Within thirty days after such notice, the other party shall bear its own notify to the party instituting the proceeding the name of the arbitrator appointed by such other party. (e) If within sixty days after the notice instituting the arbitration costs proceeding, the parties shall not have agreed upon an Umpire, either party may request the appointment of an Umpire as provided in paragraph (c) of this Section. (f) The Arbitral Tribunal shall convene at such time and expenses. The arbitration hearing place as shall be held fixed by the Umpire. Thereafter, the Arbitral Tribunal shall determine where and when it shall sit. (g) The Arbitral Tribunal shall decide all questions relating to its competence and shall, subject to the provisions of this Section and except as the parties shall otherwise agree, determine its procedure. All decisions of the Arbitral Tribunal shall be by majority vote. (h) The Arbitral Tribunal shall afford to the parties a fair hearing and shall render its award in Dallas, Texas at a location designated writing. Such award may be rendered by default. An award signed by a majority of the arbitratorsArbitral Tribunal shall constitute the award of such Tribunal. The Commercial Arbitration Rules A signed counterpart of the American Arbitration Association award shall be incorporated by reference at transmitted to each party. Any such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that accordance with the provisions of this Section shall be a complete defense final and binding upon the parties to the Development Grant Agreement. Each party shall abide by and comply with any suit, action or proceeding instituted such award rendered by the Arbitral Tribunal in any federal, state or local court or before any administrative tribunal accordance with respect to any controversy or dispute arising out the provisions of this Section. (i) The parties shall fix the amount of the remuneration of the arbitrators and such other persons as shall be required for the conduct of the arbitration proceedings. If the parties shall not agree on such amount before the Arbitral Tribunal shall convene, the Arbitral Tribunal shall fix such amount as shall be reasonable under the circumstances. Each party shall defray its own expenses in the arbitration proceedings. The costs of the Arbitral Tribunal shall be divided between and borne equally by the parties. Any question concerning the division of the costs of the Arbitral Tribunal or the procedure for payment of such costs shall be determined by the Arbitral Tribunal. (j) The provisions for arbitration set forth in this Section shall be in lieu of any other procedure for the settlement of controversies between the parties to the Development Grant Agreement or of any claims by either party against the transactions described hereinother party arising thereunder. (k) The Association shall not be entitled to enter judgment against the Recipient upon the award, to enforce the award against the Recipient by execution or to pursue any other remedy against the Recipient for the enforcement of the award, except as such procedure may be available against the Recipient otherwise than by reason of the provisions of this Section. If, within thirty days after counterparts of the award shall have been delivered to the parties, the award shall not be complied with by the Association, the Recipient may take any such action for the enforcement of the award against the Association. (l) Service of any notice or process in connection with any proceeding under this Section or in connection with any proceeding to enforce any award rendered pursuant to this Section may be made in the manner provided in Section 10.01. The arbitration provisions hereof shall, with respect parties to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose Development Grant Agreement waive any and all other requirements for the existence or results service of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partynotice or process.

Appears in 3 contracts

Sources: Development Grant Agreement, Development Grant Agreement, Development Grant Agreement

Arbitration. All disputes and controversies of every kind and nature between any parties hereto to this Agreement arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. (i) After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. (ii. ) Within 30 thirty (30) days after receipt of such demand, the other parties shall, in a written notice delivered to the first partyparty making the arbitration demand, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 thirty (30) days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section 18 for the original appointment of such arbitrator. (iii. ) Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasHouston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. (iv. ) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. (v) Except as set forth in Section 15.b.18(b) and (c), the parties stipulate that the provisions of this Section 18 shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Employment Agreement (Seitel Inc), Employment Agreement (Seitel Inc), Employment Agreement (Seitel Inc)

Arbitration. All disputes and controversies of every kind and nature (a) Any controversy between any the parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Trust Fund Grant Agreement and any claim by either such party against the other arising under the Trust Fund Grant Agreement which has not been settled by agreement of the parties shall be submitted to arbitration pursuant to the following procedures:by an Arbitral Tribunal as hereinafter provided. i. After a dispute or controversy arises, any party may, in a written notice delivered to the other (b) The parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who arbitration shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversyAdministrator and the Recipient. ii. Within 30 days after receipt (c) The Arbitral Tribunal shall consist of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two three arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third appointed as follows: one arbitrator shall be appointed by the AAAAdministrator; a second arbitrator shall be appointed by the Recipient; and the third arbitrator (hereinafter sometimes called the Umpire) shall be appointed by agreement of the parties or, if they shall not agree, by the President of the International Court of Justice or, failing appointment by said President, by the Secretary-General of the United Nations. If either of the parties shall fail to appoint an arbitrator, such arbitrator shall be appointed by the Umpire. In case any arbitrator appointed hereunder in accordance with this Section shall die, resign, refuse die or become unable to act before an arbitration decision is renderedact, then the vacancy a successor arbitrator shall be filled by appointed in the method set forth in this Section same manner as herein prescribed for the original appointment of the original arbitrator and such successor shall have all the powers and duties of such original arbitrator. iii(d) An arbitration proceeding may be instituted under this Section upon notice by the party instituting such proceeding to the other party. Each Such notice shall contain a statement setting forth the nature of the controversy or claim to be submitted to arbitration, the nature of the relief sought, and the name of the arbitrator appointed by the party instituting such proceeding. Within thirty days after such notice, the other party shall bear its own notify to the party instituting the proceeding the name of the arbitrator appointed by such other party. (e) If within sixty days after the notice instituting the arbitration costs proceeding, the parties shall not have agreed upon an Umpire, either party may request the appointment of an Umpire as provided in paragraph (c) of this Section. (f) The Arbitral Tribunal shall convene at such time and expenses. The arbitration hearing place as shall be held fixed by the Umpire. Thereafter, the Arbitral Tribunal shall determine where and when it shall sit. (g) The Arbitral Tribunal shall decide all questions relating to its competence and shall, subject to the provisions of this Section and except as the parties shall otherwise agree, determine its procedure. All decisions of the Arbitral Tribunal shall be by majority vote. (h) The Arbitral Tribunal shall afford to the parties a fair hearing and shall render its award in Dallas, Texas at a location designated writing. Such award may be rendered by default. An award signed by a majority of the arbitratorsArbitral Tribunal shall constitute the award of such Tribunal. The Commercial Arbitration Rules A signed counterpart of the American Arbitration Association award shall be incorporated by reference at transmitted to each party. Any such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that accordance with the provisions of this Section shall be a complete defense final and binding upon the parties to the Trust Fund Grant Agreement. Each party shall abide by and comply with any suit, action or proceeding instituted such award rendered by the Arbitral Tribunal in any federal, state or local court or before any administrative tribunal accordance with respect to any controversy or dispute arising out the provisions of this Section. (i) The parties shall fix the amount of the remuneration of the arbitrators and such other persons as shall be required for the conduct of the arbitration proceedings. If the parties shall not agree on such amount before the Arbitral Tribunal shall convene, the Arbitral Tribunal shall fix such amount as shall be reasonable under the circumstances. Each party shall defray its own expenses in the arbitration proceedings. The costs of the Arbitral Tribunal shall be divided between and borne equally by the parties. Any question concerning the division of the costs of the Arbitral Tribunal or the procedure for payment of such costs shall be determined by the Arbitral Tribunal. (j) The provisions for arbitration set forth in this Section shall be in lieu of any other procedure for the settlement of controversies between the parties to the Trust Fund Grant Agreement or of any claims by either party against the transactions described hereinother party arising thereunder. (k) The Administrator shall not be entitled to enter judgment against the Recipient upon the award, to enforce the award against the Recipient by execution or to pursue any other remedy against the Recipient for the enforcement of the award, except as such procedure may be available against the Recipient otherwise than by reason of the provisions of this Section. If, within thirty days after counterparts of the award shall have been delivered to the parties, the award shall not be complied with by the Administrator, the Recipient may take any such action for the enforcement of the award against the Administrator. (l) Service of any notice or process in connection with any proceeding under this Section or in connection with any proceeding to enforce any award rendered pursuant to this Section may be made in the manner provided in Section 10.01 of these General Conditions. The arbitration provisions hereof shall, with respect parties to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose Trust Fund Grant Agreement waive any and all other requirements for the existence or results service of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partynotice or process.

Appears in 3 contracts

Sources: Trust Fund Grant Agreement, Trust Fund Grant Agreement, Trust Fund Grant Agreement

Arbitration. (a) All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with under this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to settled by arbitration in Boca Raton, Florida, before a single arbitrator pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules rules of the American Arbitration Association Association. Arbitration may be commenced at any time by any party hereto giving written notice to each other party to a dispute that such dispute has been referred to arbitration under this Section. The arbitrator shall be incorporated selected by reference at such hearing the joint agreement of Bank and Officer, but if they do not so agree within 20 days after the substantive laws date of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by notice referred to above, the arbitrators and the written award thereon selection shall be made within fifteen (15) days after pursuant to the close rules from the panels of submission of evidencearbitrators maintained by such Association. An Any award rendered by the arbitrator shall be conclusive and binding upon the parties hereto and not subject to appeal; provided, however, that any such award shall be accompanied by a majority written opinion of the arbitrators appointed pursuant to this Agreement arbitrator giving the reasons for the award. This provision for arbitration shall be specifically enforceable by the parties and the decision of the arbitrator in accordance herewith shall be final and binding on and there shall be no right of appeal therefrom. Each party shall pay its own expenses of arbitration and the expenses of the arbitrator shall be equally shared; provided, however, that if in the opinion of the arbitrator any claim for indemnification or any defense or objection thereto was unreasonable, the arbitrator may assess, as part of his award, all or any part of the arbitration expenses of the other party (including reasonable attorneys' fees) and of the arbitrator against the party raising such unreasonable claim, defense or objection. (b) To the extent that arbitration may not be legally permitted hereunder and the parties to any dispute hereunder may not at the proceedingtime of such dispute mutually agree to submit such dispute to arbitration, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award any party may be entered and enforced by either party commence a civil action in any a court of competent jurisdiction. v. Except as set forth appropriate jurisdiction to solve disputes hereunder. Nothing contained in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to prevent the parties from settling any suit, action or proceeding instituted in dispute by mutual agreement at any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partytime.

Appears in 3 contracts

Sources: Employment Agreement (Pointe Financial Corp), Employment Agreement (Pointe Financial Corp), Employment Agreement (Pointe Financial Corp)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b16.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Incentive Stock Option Agreement (Exco Resources Inc), Incentive Stock Option Agreement (Exco Resources Inc), Incentive Stock Option Agreement (Exco Resources Inc)

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. The arbiters may award costs and expenses, including reasonable attorneys' fees and other expenses. v. Except C. If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as one party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint. D. Each party shall bear the expense of its own arbiter, and shall jointly and equally bear with the other the expense of the umpire and of the arbitration. In the event that the two arbiters the Company does to the Insured in the Policy, but with respect to this Contract rather than the Policy. With respect to representations and warranties "a" and "h", each Subscribing Reinsurer makes such representations to the Company and the Insured except that "a" shall be made regarding its place of domicile and "h" shall be made regarding the relevant regulator in its place of domicile. E. The Reinsurer represents and warrants to the Company and the Insured that it has sufficient knowledge and experience in financial, business and other relevant matters to be capable of evaluating the risks and merits of entering into and performing this Contract. The Reinsurer has conducted its own independent review and analysis of the underwriting risk assumed under this Contract and represents and warrants that it had such information as it deemed necessary and sufficient to enter into this Contract. In entering into this Contract, the Reinsurer is not relying on any representation as to any past or present fact or circumstance, or on any representation, prediction or estimation as to any future fact or circumstance, whatsoever made by or on behalf of the Company or the Insured. Prior to the Reinsurer's execution and delivery of this Contract, the Reinsurer has (1) been given the opportunity to ask questions of, and receive answers from, the Company concerning the terms and conditions of this Contract and the subject matter of this Contract and (2) been given the opportunity to request and review such additional information necessary to evaluate the risks and merits of entering into and performing this Contract and to verify the accuracy of or to supplement the information provided to the Reinsurer to the extent that the Company possesses such information. F. The Reinsurer also represents and warrants to the Company as follows: 1. The Reinsurer has the full corporate power, authority and legal right to enter into this Contract and to consummate the transactions contemplated hereby. This Contract constitutes the legal, valid and binding obligation of the Reinsurer, enforceable against the Reinsurer in accordance with its terms. The execution, delivery and performance by the Reinsurer of this Contract and the consummation by the Reinsurer of the transactions contemplated hereby shall not contravene or violate any provision of, or result in the termination or acceleration of, or entitle any party to accelerate any obligation or indebtedness under, or result in an adverse claim against the Reinsurer pursuant to any license, permit, agreement, instrument, law, order, judgment or decree to which the Reinsurer is a party or by which the Reinsurer is bound. 2. The Reinsurer shall maintain at all times the minimum capital and surplus required by applicable law. G. The Reinsurer hereby knowingly and voluntarily waives any and all defenses to payment under this Contract that are based on misrepresentation and/or nondisclosure as to the subject matter of this Contract at or prior to the Reinsurer's execution and delivery of this Contract, and agrees not to seek rescission of this Contract because of any actual or alleged misrepresentation and/or non-disclosure as to the subject matter of this Contract at or prior to the Reinsurer's execution and delivery of this Contract. H. In the event of an actual breach of those obligations set forth in Section 15.b.the Trust Account Creation and Funding Provisions Article, the parties stipulate that Company and/or the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described hereinInsured may elect specific performance. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.CIRT 2019-03

Appears in 3 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes and controversies of every kind and nature between any parties hereto (a) Any action, dispute, claim or controversy (a “Dispute”) arising out of or in connection with relating to this Agreement or which is not resolved by the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Parties shall be submitted to finally resolved by arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name procedures of the arbitrator Commercial Arbitration Rules (who shall be an impartial personthe “AAA Rules”) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”) and in accordance with this Section 17, and judgment on the award may be entered in any court having jurisdiction thereof. The seat of the arbitration shall be Houston, Texas. (b) The Dispute shall be heard and determined by an arbitration panel consisting of three arbitrators (the “Arbitration Panel”), each of whom shall be independent and impartial. Each party to the Dispute shall, within 30 days after commencement of the arbitration, select one person to act as arbitrator. The two arbitrators so selected shall name shall, within 15 days of their appointment, select a third arbitrator (who shall be serve as the chairperson of the Arbitration Panel. If a party fails to appoint an impartial person) within 30 daysarbitrator as provided herein, or in lieu of such agreement on if the arbitrators selected by the parties are unable or fail to agree upon a third arbitrator by the two arbitrators so appointedwithin 20 days of their appointment, the third then that arbitrator shall be selected and appointed in accordance with the AAA Rules. The arbitrators selected shall be qualified by education, training, and experience to hear and determine matters in the AAAnature of the Dispute. If any Should an arbitrator appointed hereunder shall die, resign, refuse to act, or become unable to act before incapable of performing his or her functions as an arbitration decision is renderedarbitrator, then the AAA may declare a vacancy on the Arbitration Panel. The vacancy shall be filled by the method set forth in this Section by which that arbitrator was originally appointed. The arbitrators shall be bound by and shall follow the then current ABA/AAA Rules of Ethics for the original appointment of such arbitratorArbitrators. iii. Each party (c) The Arbitration Panel shall bear its own arbitration costs and expenses. The arbitration hearing shall be held determine the matters at issue in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and Dispute in accordance with the substantive laws of the State of Texas (excluding conflict of laws provisions) Texas. In the event that there shall applybe more than one dispute to be arbitrated, the Parties agree that all pending disputes shall be consolidated in the same hearing to the extent feasible. iv. (d) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be in writing, shall state the reasons therefor and shall be deemed final and binding on all the parties to the proceedingDispute. In its award, shall resolve the question of Arbitration Panel may apportion the costs of arbitration, including fees of the arbitrators and all related mattersarbitrators, attorneys, and judgment on expert witnesses, between or among the parties to the Dispute in such award may be entered and enforced by either party in any court manner as it deems reasonable, taking into account the circumstances of competent jurisdiction. v. Except as set forth in Section 15.b.the case, the conduct of the parties stipulate that during the provisions proceedings, and the result of this Section shall be a complete defense the arbitration, including requiring one party to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect the Dispute to any controversy or dispute arising out of this Agreement bear all or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent majority of such other partycosts and fees.

Appears in 3 contracts

Sources: Master Crude Oil Purchase and Sale Agreement (Calumet Specialty Products Partners, L.P.), Crude Oil Supply Agreement (Calumet Specialty Products Partners, L.P.), Crude Oil Supply Agreement (Calumet Specialty Products Partners, L.P.)

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. The arbiters may award costs and expenses, including reasonable attorneys' fees and other expenses. v. Except C. If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as set forth in Section 15.bone party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint. D. Each party shall bear the expense of its own arbiter, and shall jointly and equally bear with the other the expense of the umpire and of the arbitration. In the event that the two arbiters are chosen by one party, as above provided, the parties stipulate that expense of the provisions of this Section arbiters, the umpire and the arbitration shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or equally divided between the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other two parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of In the event the Parties do not agree to or cannot resolve such dispute through mediation as provided in connection with this Agreement or Section 21.1, such dispute shall be settled by arbitration in Norwalk, Connecticut, which arbitration, unless the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachParties mutually agree otherwise, shall be submitted to arbitration pursuant to in accordance with the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Construction Industry Arbitration Rules of the American Arbitration Association shall currently in effect (including the applicable procedures referenced below). Either Party may serve upon the other Party a written notice demanding that the dispute be incorporated by reference at such hearing and resolved pursuant to this Article XXI. Within ten (10) days after the substantive laws giving of the State above mentioned notice, each of Texas (excluding conflict the Parties hereto shall nominate and appoint an arbitrator and shall notify the other Party in writing of laws provisions) the name and address of the arbitrator so chosen. Upon the appointment of the two arbitrators as hereinabove provided, said two arbitrators shall apply. iv. The arbitration hearing shall be concluded forthwith, and within ten (10) days after the appointment of the second arbitrator, and before exchanging views as to the question at issue appoint in writing a third arbitrator and give written notice of such appointment to each of the Parties hereto. In the event that the two arbitrators shall fail to appoint or agree upon such third arbitrator within said ten (10) day period, a third arbitrator shall be selected by the Parties themselves if they so agree upon a third arbitrator within a further period of ten (10) days. If any arbitrator shall not be appointed or agreed upon within the time herein provided, then either Party on behalf of both may request such appointment by the American Arbitration Association (or a successor or similar organization if the American Arbitration Association is no longer in existence). Said arbitrators shall be sworn faithfully and fairly to determine the question at issue. The three arbitrators shall each be duly qualified in the subject matter of the dispute under arbitration and shall afford to the Redeveloper and the Municipal Party the privilege of cross-examination, on the question at issue, and shall, with all possible speed (and, if no time period is specified in the applicable procedures referenced below, within 60 days after appointment of the third arbitrator unless otherwise ordered agreed to by the Parties), make their determination in writing and shall give notice to the Parties hereto of such determination. The concurring determination of any two of said three arbitrators and the written award thereon shall be made within fifteen (15) days after binding upon the close of submission of evidence. An award rendered by a majority Parties hereto, or, in case no two of the arbitrators shall render a concurring determination, then the determination of the third arbitrator appointed pursuant to this Agreement shall be final and binding on all parties to upon the proceeding, Parties hereto. Each Party shall resolve pay the question of costs fees of the arbitrators and all related mattersarbitrator appointed by it, and judgment on such award the fees of the third arbitrator shall be divided equally between the Parties. In the event that any arbitrator appointed as aforesaid shall thereafter die or become unable or unwilling to act, his or her successor shall be appointed in the same manner provided in this Article XXI for the appointment of the arbitrator so dying or becoming unable or unwilling to act. Any Mortgagee may appear and participate in said arbitration proceedings. The foregoing agreement to arbitrate shall be entered and enforced by either party specifically enforceable under applicable law in any court of competent jurisdiction. v. Except . Each of the Redeveloper and the Municipal Party waive all objections to joinder of the Municipal Party or the Redeveloper as set forth a party to any mediation, arbitration or litigation related to this Project in Section 15.b.which the other Party is joined or is otherwise positioned as a party and in which its conduct or its performance under this Agreement is in any way relevant to the subject of a dispute. Each of the Redeveloper and the Municipal Party shall obtain a similar waiver from all their respective design professionals, contractors, construction managers and subcontractors that work on the Project. Notwithstanding anything to the contrary contained in the Construction Industry Arbitration Rules of the American Arbitration Association, the parties stipulate that the provisions of this Section (a) Fast Track procedures shall be a complete defense to any suit, action or proceeding instituted apply in any federalcase in which no Party’s total disclosed claim or counterclaim exceeds $250,000, state (b) the Regular Track procedures shall apply in any case in which any Party’s total disclosed claim or local court counterclaim exceeds $250,000, and (c) the Large, Complex Construction Case Track procedures shall apply in any case in which any Party’s total disclosed claim or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partycounterclaim exceeds $1,000,000.

Appears in 3 contracts

Sources: Master Development Agreement, Master Development Agreement, Master Development Agreement

Arbitration. All disputes and controversies If the Dispute has not been resolved in writing for any reason as of every kind and nature between any parties hereto arising out the expiration of or in connection with this Agreement or the transactions described herein as to the constructionapplicable Negotiation Period, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, such Dispute shall be submitted submitted, at the request of any Party, to final and binding arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named administered by the American Arbitration Association (the “AAA”) in accordance with its International Arbitration Rules then in effect (the “Rules”), except as modified herein. (i) The arbitration shall be conducted by a three-member arbitral tribunal (the “Arbitral Tribunal”). The two arbitrators so selected claimant or claimants, collectively, shall name a appoint one arbitrator in the notice of arbitration and the respondent or respondents, collectively, shall appoint one arbitrator within fourteen (14) days after the appointment of the first arbitrator. The third arbitrator (arbitrator, who shall serve as chair of the Arbitral Tribunal, shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator jointly appointed by the two arbitrators so appointedparty-nominated arbitrators, in consultation with the third Parties, within twenty-one (21) days of the appointment of the second arbitrator. Any arbitrator not timely appointed shall be appointed by the AAA. If AAA according to its Rules, unless otherwise agreed in writing. (ii) In resolving any arbitrator appointed hereunder Dispute to the extent it involves contractual issues under this Agreement, the arbitrators shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then apply the vacancy governing law specified herein. (iii) Arbitration under this Article X shall be filled by the method set forth in this Section sole and exclusive remedy for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs any Dispute, and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered any award rendered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on the Parties and judgment thereupon may be entered in any court of competent jurisdiction having jurisdiction thereof, including any court having jurisdiction over the relevant Party or its Assets. (iv) The Arbitral Tribunal shall be entitled, if appropriate, to award any remedy, including monetary damages, specific performance and all other forms of legal and equitable relief that is in accordance with the terms of this Agreement; provided, however, that the Arbitral Tribunal shall have no authority or power to (A) limit, expand, alter, modify, revoke or suspend any condition or provision of this Agreement, (B) award punitive, exemplary, treble or similar damages or (C) review, resolve or adjudicate, or render any award or grant any relief in respect of, any issue, matter, claim or Dispute other than the specific Dispute or Disputes submitted by the parties to such Arbitral Tribunal for final and binding arbitration, including any Disputes consolidated therewith in accordance with Section 10.1(c)(viii). (v) Each Party shall bear its own costs and attorneys’ fees in any arbitration conducted under this Article X, and each party to any such arbitration shall bear an equal portion of the fees and expenses of the arbitration including the Arbitral Tribunal’s fees and the fees and expenses of the AAA; provided, however, that the Arbitral Tribunal shall have the power to award the prevailing party its documented out-of-pocket costs and attorneys’ fees reasonably incurred in the arbitration (including the fees and expenses of the arbitration, the Arbitral Tribunal’s fees and the fees and expenses of the AAA) if the Arbitral Tribunal finds that any of the claims or defenses of the non-prevailing party were frivolous or made in bad faith; provided, further, that if any parties to the proceedingarbitration are Affiliates of each other, they shall be counted as a single party to the arbitration for purposes of apportioning such fees and expenses. If either Party (or any member of its Group) files an Action in contravention of this Article X, the other Party shall be entitled to an award of any costs they may incur in defending such an Action, including a fee in an amount equal to $25,000,000, multiplied by 1.05 raised to the power of the number of years elapsed since the Distribution Date (expressed in decimal form), as well as such additional punitive, exemplary, treble or similar damages as may be awardable under applicable Law. Each of the Parties acknowledges and agrees that if any Party (or any member of its Group) files an Action in contravention of this Section 10.1, the non-breaching Party shall suffer reputational loss as a direct consequence of such Action for which it is entitled to damages. (vi) Any arbitration pursuant to this Article X shall be seated in, and the award shall be rendered, in New York County, New York, in the English language. (vii) This Article X and any arbitration pursuant thereto shall be governed by the Federal Arbitration Act (9 U.S.C. § 1 et seq.). (viii) The Arbitral Tribunal may consolidate an arbitration under this Agreement with any arbitration arising under or relating to the Ancillary Agreements or any other agreement between the Parties entered into pursuant hereto, as the case may be, if the subject of the Disputes thereunder arises out of or relates essentially to the same set of facts or transactions. Such consolidated arbitration shall be determined by the Arbitral Tribunal appointed for the arbitration proceeding that was commenced first in time. (ix) The Arbitral Tribunal (and, if applicable, Emergency Arbitrator) shall have the full authority to grant any pre-arbitral injunction, pre-arbitral attachment, interim or conservatory measure or other order in aid of arbitration proceedings (“Interim Relief”). The Parties shall exclusively submit any application for Interim Relief to only: (A) the Arbitral Tribunal or (B) prior to the constitution of the Arbitral Tribunal, an Emergency Arbitrator appointed in the manner provided for in the Rules. Any Interim Relief so issued shall, to the extent permitted by applicable Law, be deemed a final arbitration award for purposes of enforceability, and, moreover, shall resolve also be deemed a term and condition of this Agreement subject to specific performance in Section 12.18. The foregoing procedures shall constitute the question exclusive means of costs seeking Interim Relief; provided, however, that (I) the Arbitral Tribunal shall have the power to continue, review, vacate or modify any Interim Relief granted by an Emergency Arbitrator, and the Arbitral Tribunal shall apply a de novo standard of review to the factual and legal findings of the arbitrators Emergency Arbitrator and all related mattersconduct any such proceeding with respect to the actions of the Emergency Arbitrator on an expedited basis and (II) in the event an Emergency Arbitrator or the Arbitral Tribunal issues an order granting, and judgment denying or otherwise addressing Interim Relief (a “Decision on Interim Relief”), any Party may apply to enforce or require specific performance of such award may be entered and enforced by either party Decision on Interim Relief in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Separation and Distribution Agreement (Vylor Inc.), Separation and Distribution Agreement (EIDP, Inc.), Separation and Distribution Agreement (Vylor Inc.)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any dispute or controversy arising out of or in connection with this Agreement or the transactions described herein as to whether the constructionExecutive (or his spouse) is entitled to a retirement (or survivor's) benefit, validity, interpretation the amount thereof or meaning, performance, non-performance, enforcement, operation or breach, other matter shall be submitted to arbitration pursuant to the following proceduresprocedure: i. After a dispute or (a) Either party may demand such arbitration in writing after the controversy arises, any party may, in a written notice delivered to the other parties to the dispute, which demand such arbitration. Such notice shall designate include the name of the arbitrator (who shall be an impartial person) appointed by such the party demanding arbitration, together with a statement of the matter in controversy. ii. (b) Within 30 15 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who party shall be an impartial person). If such parties fail to name an arbitrator, then the second or in default thereof, such arbitrator shall be named by the Arbitration Committee of the American Arbitration Association (Association, and the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days15 days or, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the appointed a third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then Arbitration Committee of the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitratorAmerican Arbitration Association. iii. Each party (c) The Company shall bear its own all arbitration costs and expenses. , including without limitation any legal fees and expenses incurred by the Executive(or his spouse) in connection with such arbitration procedure. (d) The arbitration hearing shall be held in Dallas, Texas at a location designated site in Houston, Texas, to be agreed to by a majority of the arbitrators. The Commercial Arbitration Rules of arbitrators on ten days' written notice to the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyparties. iv. (e) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by a majority of the arbitrators arbitrators, and the written award thereon shall be made within fifteen (15) ten days after the close of the submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent the highest court, state or federal, having jurisdiction. v. Except as set forth in Section 15.b., the . The parties stipulate that the provisions of this Section hereof shall be a complete defense to any suit, action action, or proceeding instituted in any federal, state state, or local court or before any administrative tribunal with respect to any controversy or dispute arising out of under this Agreement or the transactions described hereinAgreement, and which is arbitrable as herein set forth. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Executive Retirement Agreement (Geoscience Corp), Executive Retirement Agreement (Tech Sym Corp), Executive Retirement Agreement (Tech Sym Corp)

Arbitration. All disputes If, after such good faith participation in such mediation process set forth in Section 15.3(b), the Parties cannot resolve such dispute, such dispute shall be finally resolved by binding arbitration in accordance with the CPR Rules for Administered Arbitration by three arbitrators, of whom each of Licensor and controversies Licensee shall designate one, with the third arbitrator to be designated by the two Party-appointed arbitrators. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1 et seq., and judgment upon the award rendered by the arbitrators may be entered by any court having jurisdiction thereof. The place of every kind the arbitration shall be New York, New York. (i) Unless the arbitrators find good reason to proceed on a different schedule: (A) an initial pre-hearing conference for the planning and nature between scheduling of the proceeding will be held within thirty (30) days from the date that the third arbitrator is appointed, (B) all discovery shall be completed within seven (7) months of such initial pre-hearing conference, and (C) a maximum of two (2) sessions for the presentation of evidence that will total no more than ten (10) hearing days shall be concluded within nine (9) months from the date that the third arbitrator is appointed. (ii) The arbitrators shall require that, unless otherwise agreed to by the Parties, a transcript of the hearing shall be maintained and shall be considered Confidential Information. The arbitrators shall conduct the arbitration in accordance with the requirements of the CPR Arbitration Appeal Procedure. (iii) A Party may file an appeal only under the CPR Arbitration Appeal Procedure from any parties hereto final award of an arbitral panel in any arbitration arising out of or in connection with related to this Agreement or Agreement. Unless otherwise agreed by the transactions described herein as to Parties and the constructionappeal tribunal, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, the appeal shall be conducted at the place of the original arbitration. (iv) In the event that a dispute is submitted to arbitration pursuant under this Section 15.3 concerning whether a Gevo Biocatalyst, Biobutanol, or other product, process or method (collectively, the “Accused Arbitrable Product”) is covered by one or more claims of a Licensed Patent, or whether a royalty is due for such Accused Arbitrable Product, then Licensee hereby expressly acknowledges and agrees that Licensee’s claiming or contending that (i) such Accused Arbitrable Product is not covered by a Licensed Patent (as applicable), (ii) there is no royalty due for sales of such Accused Arbitrable Product, or (iii) the technology practiced by Licensee is within the scope of the Licensor Separation Technology, shall have the burden to prove its position to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing clear and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyconvincing evidence standard. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Development License Agreement (Gevo, Inc.), Commercial License Agreement (Gevo, Inc.), Development License Agreement (Gevo, Inc.)

Arbitration. All disputes Final and controversies of every kind and nature between any parties hereto arising out of or binding arbitration in connection accordance with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Section 10.7 shall be submitted to arbitration pursuant to in accordance with the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name Commercial Arbitration Rules and Supplementary Procedures for Large Complex Disputes of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”)) by a single arbitrator. The two arbitrators so selected shall name a third arbitrator Either Party may, following the end of the good faith negotiation period referenced in Section 10.7.2, refer any Dispute (who shall be other than an impartial personExcluded Dispute) within 30 days, or in lieu to arbitration by submitting written notice to the other Party. Within fifteen (15) Business Days of delivery of such agreement on a third arbitrator by the two arbitrators so appointednotice, the third Parties shall meet and discuss in good faith and agree on (a) an arbitrator to resolve the issue, which arbitrator shall be appointed by neutral and independent of both Parties and all of their respective Affiliates, shall have significant experience and expertise in licensing and partnering agreements in the AAApharmaceutical industry and other relevant experience and (b) any changes in these arbitration provisions or the rules of arbitration which are herein adopted, in an effort to expedite the process and otherwise ensure that the process is appropriate given the nature of the dispute and the values at risk. If any the Parties cannot agree on such arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days of request by a Party for arbitration, then such arbitrator shall be appointed by AAA, which arbitrator must meet the foregoing criteria. The arbitration shall be held in New York, New York, and the proceedings shall be conducted in the English language. The arbitrators may proceed to an award, notwithstanding the failure of either Party to participate in the proceedings. The arbitrator shall be instructed that time is of the essence in the arbitration proceeding. The arbitrator shall, within forty-five (45) calendar days after the close of submission of evidence. An award rendered by a majority conclusion of the arbitrators appointed pursuant to this Agreement arbitration hearing, issue a written award and statement of decision describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. The arbitrator shall be final and binding on all parties authorized to award compensatory damages, but shall not be authorized to (i) award non-economic or punitive damages to the proceedingextent expressly excluded under this Agreement, shall resolve the question of costs of the arbitrators and all related mattersor (ii) reform, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action modify or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of materially change this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.other

Appears in 3 contracts

Sources: Exclusive License and Collaborative Research, Co Development and Commercialization Agreement (Ambit Biosciences Corp), Exclusive License and Collaborative Research, Co Development and Commercialization Agreement (Ambit Biosciences Corp), Exclusive License and Collaborative Research, Co Development and Commercialization Agreement (Ambit Biosciences Corp)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any dispute or controversy arising out of or in connection with this Agreement or the transactions described herein as to whether the constructionExecutive (or his spouse) is entitled to a retirement (or survivor's) benefit, validity, interpretation the amount thereof or meaning, performance, non-performance, enforcement, operation or breach, other matter shall be submitted to arbitration pursuant to the following proceduresprocedure: i. After a dispute or (a) Either party may demand such arbitration in writing after the controversy arises, any party may, in a written notice delivered to the other parties to the dispute, which demand such arbitration. Such notice shall designate include the name of the arbitrator (who shall be an impartial person) appointed by such the party demanding arbitration, together with a statement of the matter in controversy. ii. (b) Within 30 15 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who party shall be an impartial person). If such parties fail to name an arbitrator, then the second or in default thereof, such arbitrator shall be named by the Arbitration Committee of the American Arbitration Association (Association, and the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days15 days or, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the appointed a third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then Arbitration Committee of the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitratorAmerican Arbitration Association. iii. Each party (c) The Company shall bear its own all arbitration costs and expenses. , including without limitation any legal fees and expenses incurred by the Executive (or his spouse) in connection with such arbitration procedure. (d) The arbitration hearing shall be held in Dallas, Texas at a location designated site in Houston, Texas, to be agreed to by a majority of the arbitrators. The Commercial Arbitration Rules of arbitrators on ten days' written notice to the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyparties. iv. (e) The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by a majority of the arbitrators arbitrators, and the written award thereon shall be made within fifteen (15) ten days after the close of the submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent the highest court, state or federal, having jurisdiction. v. Except as set forth in Section 15.b., the . The parties stipulate that the provisions of this Section hereof shall be a complete defense to any suit, action action, or proceeding instituted in any federal, state state, or local court or before any administrative tribunal with respect to any controversy or dispute arising out of under this Agreement or the transactions described hereinAgreement, and which is arbitrable as herein set forth. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 3 contracts

Sources: Executive Retirement Agreement (Geoscience Corp), Executive Retirement Agreement (Tech Sym Corp), Executive Retirement Agreement (Tech Sym Corp)

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. The arbiters may award costs and expenses, including reasonable attorneys' fees and other expenses. v. Except C. If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as set forth in Section 15.bone party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint. D. Each party shall bear the expense of its own arbiter, and shall jointly and equally bear with the other the expense of the umpire and of the arbitration. In the event that the two arbiters are chosen by one party, as above provided, the expense of the arbiters, the umpire and the arbitration shall be equally divided between the two parties. E. Any arbitration proceedings shall take place at a location mutually agreed upon by the parties stipulate to this Contract, but notwithstanding the location of the arbitration, all proceedings pursuant hereto shall be governed by the law of the District of Columbia, not including its choice of law provisos, except that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent internal laws of the other parties; nor will any party State of shall apply to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course regulation of an arbitration hereunder without the prior written consent of such other partyCompany.

Appears in 2 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. The arbiters may award costs and expenses, including reasonable attorneys' fees and other expenses. v. Except C. If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as set forth in Section 15.bone party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint. D. Each party shall bear the expense of its own arbiter, and shall jointly and equally bear with the other the expense of the umpire and of the arbitration. In the event that the two arbiters are chosen by one party, as above provided, the expense of the arbiters, the umpire and the arbitration shall be equally divided between the two parties. E. Any arbitration proceedings shall take place at a location mutually agreed upon by the parties stipulate to this Contract, but notwithstanding the location of the arbitration, all proceedings pursuant hereto shall be governed by the law of not including its choice of law provisos, except that the provisions internal laws of this Section shall be a complete defense apply to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent regulation of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyCompany.

Appears in 2 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes 15.1 Except as provided in Articles 6.5 and controversies of every kind and nature between 7.1, any parties hereto dispute, controversy or claim arising out of or in relation to or in connection with this Agreement, the operations carried out under this Agreement or the transactions described herein as to relationship of the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachparties created under this Agreement, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arisesexclusively and finally settled by confidential arbitration, and any party may, in may submit such a written notice delivered to the other parties to the dispute, demand such controversy or claim to arbitration. Such notice After the failure to settle disputes by friendly negotiation, the arbitration proceeding shall designate be held at the name location of the arbitrator (who non-instituting party in the English language and shall be an impartial person) appointed governed by such party demanding arbitration, together with a statement the rules of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “"AAA”)") as amended from time to time. The two arbitrators so selected shall name a third arbitrator (who Any procedural rule not determined under the rules of the AAA shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator determined by the two arbitrators so appointedlaws of the State of Texas, other than those laws that would refer the third matter to another jurisdiction. A single arbitrator shall be appointed by unanimous consent of the parties. If the parties cannot reach agreement on an arbitrator within 45 days of the submission of a notice of arbitration, the appointing authority for the implementation of such procedure shall be the AAA, who shall appoint an independent arbitrator who does not have any financial interest in the dispute, controversy or claim. If any arbitrator appointed hereunder shall die, resign, refuse or become the AAA is unable to act before appoint, or fails to appoint, an arbitration decision is renderedarbitrator within 90 days of being requested to do so, then the vacancy arbitration shall be filled heard by three arbitrators, one selected by each party within the 30 days of being required to do so, and the third promptly selected by the method set forth in this Section for two arbitrators selected by the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expensesparties. The arbitration hearing arbitrators shall be held announce the award and the reasons therefor in Dallas, Texas at a location designated by a majority writing within six months after the conclusion of the arbitratorspresentation of evidence and oral or written argument, or within such longer period as the parties may agree upon in writing. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement shall be final and binding on all upon the parties. Judgment upon the award rendered may be entered in any court having jurisdiction over the person or the assets of the party owing the judgment or application may be made to such court for a judicial acceptance of the award and an order of enforcement, as the case may be. Unless otherwise determined by the arbitrator, each party involved in the arbitration shall bear the expense of its own counsel, experts and presentation of proof, and the expense of the arbitrator and the AAA (if any) shall be divided equally among the parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdictionarbitration. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 2 contracts

Sources: Sales Distribution Agreement (Carrington Laboratories Inc /Tx/), Sales Distribution Agreement (Carrington Laboratories Inc /Tx/)

Arbitration. All disputes (A) Subject to the conditions and limitations of this Section, controversies of every kind and nature between any parties hereto or claims arising out of or in connection with this Agreement or relating to termination of the transactions described herein as to the constructionContract under Sections 14.4 and 14.5, validityfinancial calculations under Article 13, interpretation or meaning, performance, non-performance, enforcement, operation or breachand other Sections specifically providing for arbitration of disputes, shall be submitted to arbitration pursuant to exclusively settled by arbitration. Arbitration shall be governed by the following procedures: i. After a dispute or controversy arises, any party maylaws of the State of Washington, in a written notice delivered to accordance with the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association. Provided, the American Arbitration Association shall not administer or otherwise have any involvement in arbitration matters between the Parties. All other controversies and claims shall be incorporated decided exclusively by reference at such hearing and a court of competent jurisdiction in ▇▇▇▇▇▇▇▇ County, Washington, under the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyWashington. iv(B) All arbitrated disputes shall be heard and decided by one arbitrator selected by the Parties. If the Parties are unable to select an arbitrator, the presiding judge of ▇▇▇▇▇▇▇▇ County shall select an arbitrator from a list of three (3) arbitrators, each list submitted by a Party. (C) There shall be no consolidation of any arbitration between the County and the Company with any other arbitration involving, arising from, or relating to this Contract. (D) Each Party hereto and the Surety accepts jurisdiction of the courts of the State of Washington for the purposes of commencing, conducting and enforcing arbitration proceedings and agrees to accept notice in writing sent by certified mail addressed to the Party of intention to proceed with arbitration and of any other step in connection therewith or enforcement thereof, with the same effect as though personally served therewith in the State of Washington. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbitrator shall be final and binding on all parties upon the Parties and the Surety who hereby agree to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such comply therewith. The Parties agree that proper venue for any judicial proceeding to enforce any decision or award may be entered and enforced made by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of an arbitrator under this Section shall be a complete defense to any suit, exclusively in the County. (E) In the event suit or action or proceeding arbitration is instituted in to enforce any federalright granted herein, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out each Party shall be responsible for payment of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyits own attorney’s fees.

Appears in 2 contracts

Sources: Contract for Solid Waste Operations, Maintenance, Transport and Disposal Services, Service Contract

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or A. A grievance not resolved at Step 2 may be appealed to arbitration by the transactions described herein as Union provided the Union gives written notice to the construction, validity, interpretation University within thirty (30) business days of the Step 2 denial by the ▇▇▇▇ or meaning, performance, non-performance, enforcement, operation designee or breach, shall be submitted ▇▇▇▇▇▇▇ or designee. Only the Union may process a grievance to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with The Union will request a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by list from the American Arbitration Association or the Labor Relations Connection within fifteen (15) business days from its notice of appeal to the “AAA”). The two arbitrators so selected shall name a third arbitrator (who University and selection shall be an impartial person) within 30 days, or made in lieu accordance with the voluntary labor arbitration rules of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitratorthat body. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall B. Arbitration will be held conducted in Dallas, Texas at a location designated by a majority of accordance with the arbitrators. The Commercial Arbitration Rules rules of the American Arbitration Association or the Labor Relations Connection. C. Each party shall bear the expense of preparing and presenting its own case. The compensation, fees, and expenses of the Arbitrator shall be incorporated borne equally by reference at such hearing the Union and the substantive laws University. If the parties agree to have the hearing transcribed, the parties will share equally in the cost of the State of Texas (excluding conflict of laws provisions) shall applytranscription. iv. The D. Unless otherwise mutually agreed, each arbitration hearing shall be concluded within ten deal with no more than one (101) days unless otherwise ordered grievance. E. The Arbitrator shall have no power to add to, subtract from, modify or disregard any of the provisions of this Agreement. The Arbitrator shall have no jurisdiction or authority to issue any award changing, modifying, or restricting any action taken by the arbitrators and University on matters reserved to the written award thereon shall be made within fifteen University's discretion as per Article 17 (15Management Rights) days after the close unless those actions are restricted by other terms of submission of evidence. An award rendered by a majority this Agreement. F. The decision of the arbitrators appointed pursuant to this Agreement arbitrator shall be final and binding on all parties the parties, although each side retains whatever rights it has under state or federal law to challenge the proceeding, decision and award. G. The arbitrator shall resolve render a decision on the question of costs grievance within 30 calendar days of the arbitrators and all related mattersclose of the hearing, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shallfiling of briefs, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partywhichever is later.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Employment Agreement

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as 7.1 Subject to the constructionlimitations stated in paragraph 3, validitya grievance which cannot satisfactorily be settled through the grievance procedure outlined in paragraph 6, interpretation or meaning, performance, non-performance, enforcement, operation or breach, may be taken to arbitration as provided in this paragraph during the term of this agreement. 7.2 A request for arbitration shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any presented in writing by one party may, in a written notice delivered to the other parties within twenty (20) calendar days after receipt by the Union of the Company’s final answer on the grievance. 7.3 Not later than ten (10) calendar days after one party to the dispute, demand such arbitration. Such other serves written notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding intent to appeal a grievance to arbitration, together the party requesting arbitration shall request the Federal Mediation and Conciliation Service to furnish, to the Company and the Union, from the National Academy of Arbitrators, a list of seven (7) qualified and impartial arbitrators with a statement their principal place of the matter residence in controversy. iiOregon, Washington, Montana, Idaho or Colorado. Within 30 fourteen (14) days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named panel of arbitrators by the American Arbitration Association parties (unless mutually agreed to extend the “AAA”)time limits) the Company and the Union shall alternately strike names from the list, until one name remains. The two arbitrators so selected arbitrator whose name remains shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by hear the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitratorgrievance. iii. Each party shall bear its own arbitration costs and expenses. 7.4 The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority on any grievance which the Union has given the Company notice of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall intent to arbitrate must be concluded within ten (10) days unless otherwise ordered eighteen months from the date notice is given. In the event the hearing is not concluded within eighteen months, the grievance will be considered to have been withdrawn by the arbitrators Union. 7.5 The cost of the arbitrator, meeting rooms and other items mutually used and agreed upon shall be borne equally by both parties. Either party may require that an official record of the proceedings be prepared by a professional reporter and that a copy be provided to the arbitrator. The party requiring an official record of the proceedings will pay the full cost of all reporting and transcript fees unless the other party requests a copy or the right of inspection or use, in which event the full cost shall be equally divided between the parties. 7.6 The written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement arbitrator on the merits of any grievance adjudicated within his jurisdiction and authority shall be final and binding on all parties to the proceedingaggrieved employee, shall resolve the question of costs of Union and the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdictionCompany. v. Except as set forth in Section 15.b.7.7 The arbitrator shall not have authority to add to, the parties stipulate that the provisions of this Section shall be a complete defense to any suitsubtract from, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of modify this Agreement or any part thereof. In cases subject to arbitration involving discharge or lesser discipline the transactions described hereinonly issue for the impartial third party shall be whether the Company’s action was arbitrary, in bad faith, or without just cause. The Where the issue submitted to arbitration provisions hereof shall, with respect to such controversy or dispute, survive involves the termination or expiration payment of this Agreement. No party money to an arbitration may disclose employee, the existence or results of any arbitration hereunder without Arbitrator shall only have the prior written consent of the other parties; nor will any party authority to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration include in the course award a direction for payment of an arbitration hereunder without money, retroactively or otherwise, but limited to making the prior written consent of such employee whole and no more. Deductions must be made for interim earnings (from any source), Worker’s Compensation, Unemployment Compensation, or other partymonetary compensation which the employee would not have been eligible for had the employee not been suspended or discharged during that period. Nothing in this paragraph precludes the arbitrator awarding any benefits which the employee may be entitled. 7.8 In any case the Company will not be obligated to make restitution to the Grievant for more than eighteen (18) months. 7.9 The time periods specified in paragraph 7 may be extended or otherwise modified by mutual consent.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b16.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 2 contracts

Sources: Nonqualified Stock Option Agreement (Exco Resources Inc), Incentive Stock Option Agreement (Exco Resources Inc)

Arbitration. All disputes Subject to the Trustee’s right of interpleader as provided in Section 6.1(n), the Parties agree that all controversies which may arise between Anaheim and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to Trustee concerning the construction, validity, interpretation performance or meaning, performance, non-performance, enforcement, operation or breach, breach of this Agreement shall be submitted to determined by arbitration. (i) The arbitration pursuant to will be held before a single arbitrator selected by the following procedures: i. After a dispute or controversy arisesParties, any party mayor, in a written notice delivered the event that the Parties are unable to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name agree upon an arbitrator, then the second a single arbitrator shall be named chosen by the American Arbitration Association (from a panel of persons knowledgeable in the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu subject matter of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitratorarbitration. iii. Each party shall bear its own (ii) Any arbitration costs and expenses. The arbitration hearing shall be held in DallasAlbuquerque, Texas at a location designated by a majority of the arbitratorsNew Mexico. The Commercial Arbitration Rules arbitration shall be conducted in accordance with the commercial arbitration rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. ivAssociation. The arbitration hearing shall be concluded held and a final decision reached within ten thirty (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (1530) days after the close of submission of evidence. An award rendered by a majority appointment of the arbitrators appointed arbitrator or such longer period as the Parties may agree. The arbitrator shall file a certificate of ruling with the Parties immediately after a decision is reached. The decision of the arbitrator shall be final and conclusive on the Parties, and there shall be no relief or appeal therefrom, except for grounds set out in Section 44-7A-24 of the New Mexico Uniform Arbitration Act (as may be amended from time to time). A decision of the arbitrator may be enforced by the prevailing Party in a court of competent jurisdiction. All other issues in connection with such arbitration shall be determined in accordance with the rules of the American Arbitration Association. (iii) The Parties agree that an action to compel arbitration pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party brought in any court of competent jurisdictionjurisdiction in the State of New Mexico. Application may also be made to such court for confirmation of any decision or award of the arbitrator, which may be necessary to effectuate such decisions or awards. The Parties hereby consent to the jurisdiction of the arbitrator and of such court and waive any objection to the jurisdiction and venue of such arbitrator or court. v. Except as set forth (iv) The prevailing Party in Section 15.b., the parties stipulate that the provisions of this Section any arbitration shall be a complete defense entitled to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out reimbursement of this Agreement or reasonable attorneys’ fees and disbursements and costs of arbitration from the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive non-prevailing Party as determined by the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyarbitrator.

Appears in 2 contracts

Sources: Reclamation Trust Agreement, Reclamation Trust Agreement

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any dispute arising out of or in connection with under this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, (“Arbitrable Dispute”) shall be submitted referred to and resolved by binding arbitration pursuant to the following procedures: i. After take place in Austin, Texas, by a dispute or controversy arises, any party maysingle arbitrator, in a written notice delivered to accordance with the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association Association; and, to the maximum extent applicable, the Federal Arbitration Act (Title 9 of the United States Code). If there is any inconsistency between this Article and any statute or rules, this Article shall control. Arbitration shall be incorporated initiated within the applicable time limits set forth in this Agreement and not thereafter, by reference at such hearing one Party (“Claimant”) giving written notice to the other Party (“Respondent”) and to the substantive laws of American Arbitration Association (“AAA”), that the State of Texas (excluding conflict of laws provisions) shall apply. ivClaimant elects to refer the Arbitrable Dispute to arbitration. The arbitration hearing shall be concluded If the Parties fail to appoint an arbitrator within ten (10) days unless otherwise ordered by Days from Claimant’s notice initiating the arbitrators arbitration, the AAA shall make such an appointment. Contributor and Recipient shall each pay one-half of the written award thereon compensation and expenses of the arbitrator. The arbitrator must be a neutral party with at least 15 years of experience as an oil and gas lawyer in Texas who has never been an officer, director, employee, or Recipient of the Parties or any of their Affiliates. The Parties may engage in limited discovery of relevant and material information that is reasonably calculated to lead to admissible evidence through depositions of expert and fact witnesses. The arbitrator may grant a request for additional discovery or may, in their discretion, order additional discovery. Any information disclosed to the other Party shall be made confidential and not disclosed to third parties, except as required by law. The hearing shall be commenced within fifteen twenty (1520) days Days after the close of submission of evidence. An award rendered by a majority selection of the arbitrators appointed pursuant to arbitrator. The interpretation, construction and effect of this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party governed in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that accordance with the provisions of this Section 20. The Federal Rules of Evidence shall guide the arbitrator in determining what information he/she shall consider in reaching the decision. Irrespective of the outcome of arbitration, each Party shall solely be responsible for its own arbitration costs and legal costs, and no award of such costs shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partypermitted.

Appears in 2 contracts

Sources: Merger Agreement (Brenham Oil & Gas Corp.), Contribution Agreement (Brenham Oil & Gas Corp.)

Arbitration. All claims and disputes and controversies of every kind and nature between any parties hereto arising out of under or in connection with relating to this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to set- tled by binding arbitration before a panel of three (3) arbitrators in Hillsborough county in the state of Florida. The arbitration shall be conducted on a confidential basis and pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Commerical Arbitration Rules of the American Arbitration Association Association. Each Party shall desig- nate an arbitrator, with the third arbitrator designated by the first two. Arbitration may be com- mencted at any time by any Party giving written notice to the other Party requesting that the mat- ter in dispute be referred to arbitration in accordance with this Clause. The first two arbirators shall be incorporated by reference at designated within thirty (30) days after such hearing written request for arbitration; and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing thrid arbitrator shall be concluded selected within ten thirty (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (1530) days after the close appointment of submission the second of evidencethe first two arbitrators. An Any decision or award rendered as a result of any such arbitration proceeding shall be in writing and shall provide an explanation for all conclusions of law and fact. This provision for arbitrations hall be specifically enforceable by the parties. Each of the parties to a majority dispute sub- mitted to arbitration shall pay its own expenses of arbitration and the expenses of the arbitrators appointed pursuant to this Agreement shall be final equally shared initially; however, the prevaling party shall be entitiled to collecte its rea- sonable attorneys' fees and binding on all parties to costs associated with the proceeding, arbitration. Any such arbitration shall resolve the question of costs be conducted by atleast one arbitrator experienced in Health Law and shall include a written record of the arbitrators and all related matters, and judgment on such arbitration hearing. The parties reserve the right to object to any individual who shall be employeed or affiliated with a competing organization or entitiy. Any award of arbitration may be entered and enforced by either party confirmed in any a court of competent jurisdiction. v. Except as set forth jurisdiction in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration Hillsborough county in the course state of an arbitration hereunder without the prior written consent of such other partyFlorda.

Appears in 2 contracts

Sources: Dental Retainer Agreement, Dental Retainer Agreement

Arbitration. All disputes (a) It is agreed, as a severable and controversies independent arbitration agreement separately enforceable from the remainder of every kind and nature between this Agreement, that if the Parties are unable to amicably resolve any parties hereto dispute or difference arising under or out of of, in relation to or in connection any way connected with this Agreement (whether contractual, tortious, equitable, statutory or the transactions described herein as to the constructionotherwise), validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, such matter shall be submitted finally and exclusively referred to and settled by arbitration pursuant to under the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association (“AAA”). In the event of any conflict between the Commercial Arbitration Rules of the AAA and the provisions of this Section 14.1, the provisions of this Section 14.1 shall govern and control. (b) The arbitration Shall be heard and determined by three arbitrators. Each arbitrator shall have at least 10 years experience in the oil and gas industry, including significant experience related to pipelines, and shall not have been previously been employed or retained by either Party or any of its affiliates, shall be incorporated qualified by reference education or experience to decide the matters relating to the questions in dispute, and shall not have a direct or indirect interest in either Party or the subject matter of the arbitration. Each Party shall appoint an arbitrator of its choice meeting the requirements set forth in the preceding sentence within 15 Days of the submission of a notice of arbitration. Any dispute as to the qualifications of an arbitrator appointed by one of the Parties shall be resolved in accordance with the AAA’s Expedited Procedures. The Party-appointed arbitrators shall in turn appoint a presiding arbitrator of the tribunal within 15 Days following the appointment of both Party-appointed arbitrators. If the Party-appointed arbitrators cannot reach agreement on a presiding arbitrator of the tribunal and/or one Party fails or refuses to appoint its Party-appointed arbitrator within the prescribed period, the appointing authority for the presiding arbitrator and/or such Party-appointed arbitrator shall be the AAA, who, in each case, shall appoint an independent arbitrator meeting the requirements set forth above. If an arbitrator should die, withdraw or otherwise become incapable of serving, or refuse to serve, a successor arbitrator shall be selected and appointed in the same manner as the original arbitrator. (c) Unless otherwise expressly agreed in writing by the Parties: (i) The arbitration proceedings shall be held in Houston, Texas; (ii) The arbitrators shall be and remain at such hearing all times wholly independent and impartial; (iii) The arbitration proceedings shall be conducted under the substantive Commercial Arbitration Rules of the AAA, as amended from time to time; (iv) Any procedural issues not determined under the Commercial Arbitration Rules of the AAA shall be determined by the Arbitration Act and any other laws of the State of Texas Texas, other than those laws which would refer the matter to the laws of another jurisdiction; (excluding conflict of laws provisionsv) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered All decisions and awards by the arbitrators and the written award thereon arbitration tribunal shall be made within fifteen by majority vote; (15vi) days after the close The decision of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant arbitrator’s shall be reduced to this Agreement shall writing; Shall be final and binding on all parties without the right of appeal; and shall be the sole and exclusive remedy regarding any claims, counterclaims, issues or accountings presented to the proceedingarbitrators; any damage awards by the arbitrators shall be promptly paid free of any deduction or offset; and any costs or fees incident to enforcing the award shall to the maximum extent permitted by law be charged against the Party resisting such enforcement; (vii) Consequential, indirect, special, exemplary, punitive or other similar damages shall resolve not be allowed except those payable to third parties for which liability is allocated between the question Parties by the arbitration award; (viii) Any award of costs damages shall include interest from the date of any breach or violation of this Agreement, as determined by the arbitration award, and from the date of the arbitrators and all related mattersaward until paid in full, and judgment on at the Agreed Rate in effect at the end of the first Business Day of each Month during which such amount was owed; and (ix) Judgment upon the award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., having jurisdiction over the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement Party or the transactions described herein. The arbitration provisions hereof shallassets of the Party owing the judgment, with respect or application may be made to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent court for a judicial acceptance of the other parties; nor will any party to award and an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in order of enforcement, as the course of an arbitration hereunder without the prior written consent of such other partycase may be.

Appears in 2 contracts

Sources: Connection and Shipping Agreement, Connection and Shipping Agreement (Alon USA Partners, LP)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any dispute or controversy arising out of or in connection with this Agreement or the transactions described herein as to the existence, construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or operation, breach, continuance or termination thereof shall be submitted to arbitration pursuant to the following proceduresprocedure: i. After a dispute or (a) Either party may demand such arbitration in writing after the controversy arises, any party may, in a written notice delivered to the other parties to the dispute, which demand such arbitration. Such notice shall designate include the name of the arbitrator (who shall be an impartial person) appointed by such the party demanding arbitration, together with a statement of the matter in controversy. ii. (b) Within 30 15 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who party shall be an impartial person). If such parties fail to name an arbitrator, then the second or in default thereof, such arbitrator shall be named by the Arbitration Committee of the American Arbitration Association (and the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days15 days or, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the appointed a third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then Arbitration Committee of the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitratorAmerican Arbitration Association. iii. Each party (c) The Company shall bear its own all arbitration costs and expenses. expenses incurred by Employee. (d) The arbitration hearing shall be held in Dallas, Texas at a location designated site in Houston, Texas, to be agreed to by a majority of the arbitrators. The Commercial Arbitration Rules of arbitrators on 10 days' written notice to the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyparties. iv. (e) The arbitration hearing shall be concluded within ten (10) 10 days unless otherwise ordered by a majority of the arbitrators arbitrators, and the written award thereon shall be made within fifteen (15) 10 days after the close of the submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve proceeding during the question period of costs of the arbitrators and all related mattersthis Agreement, and judgment on such award may be entered and enforced by either party in the highest court, state or federal, having jurisdiction; provided, however, that Employee shall be entitled to specific performance of Employee's right to be paid until the Date of Termination during the pendency of any court of competent jurisdiction. v. Except as set forth dispute or controversy arising under or in Section 15.b., the connection with this Agreement. The parties stipulate that the provisions of this Section hereof shall be a complete defense to any suit, action action, or proceeding instituted in any federal, state state, or local court or before any administrative tribunal with respect to any controversy or dispute arising out during the period of this Agreement or the transactions described hereinand which is arbitrable as herein set forth. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose Notwithstanding the existence or results pendency of any arbitration hereunder without dispute or controversy pursuant to this Section 14, the prior written consent of Company will continue to pay Employee Employee's full Base Salary in effect when the notice giving rise to the dispute was given and continue Employee as a participant in all compensation, benefit and insurance plans in which Employee was participating when the notice giving rise to the dispute was given, until the dispute is finally resolved in accordance with Section 3(v) hereof. Amounts paid under this Section 14 are in addition to all other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by amounts due under this Agreement and shall not be offset against or reduce any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyamounts due under this Agreement.

Appears in 2 contracts

Sources: Termination Agreement (Geoscience Corp), Termination Agreement (Tech Sym Corp)

Arbitration. All disputes (a) In the event that the Senior Executives are unable to resolve any dispute, controversy or claim between the Parties referred to them pursuant to Section 12. 1, such dispute shall at the request of either Party, be finally settled by binding arbitration in accordance with the then current Rules of Arbitration of the International Centre for Dispute Resolution. (b) The arbitration panel shall consist of three (3) arbitrators, each of whom must have legal or business experience in pharmaceutical licensing matters. The arbitrators are to be selected as follows, within thirty (30) days following receipt of notice from either Party of a request to arbitrate in accordance with Section 12.2(a): Otsuka shall nominate one (1) such qualified arbitrator; MethylGene shall nominate one (1) such qualified arbitrator; and controversies the two arbitrators so nominated shall nominate a third such qualified arbitrator, who shall be the presiding arbitrator. (c) The arbitrators shall set a date for a hearing, which shall be no later than thirty (30) days after the appointment of every kind the third arbitrator. The arbitrators shall use their best efforts to rule on the dispute within thirty (30) days after the completion of such hearing. Any award rendered by the arbitrators shall be final and nature binding upon the Parties. Judgment upon any award rendered may be entered in any court having jurisdiction, or application may be made to such court for a judicial acceptance of the award and an order of enforcement, as the case may be. (d) The place of arbitration shall be San Francisco, California and the language of the arbitration shall be English. (e) Each Party shall pay its own expenses of arbitration, and the expenses of the arbitrators shall be equally shared between the Parties unless the arbitrators assess as part of their award all or any parties hereto arising out part of the arbitration expenses of a Party or Parties (including, without limitation, reasonable attorneys’ fees) against the other Party or Parties, as the case may be. (f) Except as otherwise provided in connection with this Agreement, the arbitration procedure set forth in this Section 12.2 shall be the sole and exclusive means of settling or resolving any dispute subject to resolution pursuant to this Section 12.2. This Section 12.2 shall not prohibit a Party from seeking injunctive or other equitable relief from a court of competent jurisdiction in the event of a breach or prospective breach of this Agreement or by the transactions described herein as other Party which would cause irreparable harm to the constructionfirst Party, validityor from bringing any action in aid of arbitration. (g) Notwithstanding the foregoing, interpretation or meaningwith respect to any dispute related to the necessity of a license to intellectual property from a Third Party, performancein the event the Senior Executives are unable to resolve the matter within thirty (30) days after referral, non-performance, enforcement, operation or breach, such dispute shall be submitted to arbitration pursuant in accordance with this Section 12.2; provided that, to the following procedures: i. After a dispute or controversy arises, expedite any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate , the name of the arbitrator (who arbitral tribunal shall be an impartial person) appointed composed of a single arbitrator mutually agreed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt Parties who will be authorized to determine the procedural rules of such demand, arbitral tribunal with the other parties shall, in a written notice delivered intention that the tribunal be able to resolve the first party, name such parties’ arbitrator disputed matter within no more than sixty (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (1060) days unless otherwise ordered by following the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant notice to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdictionarbitrate. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 2 contracts

Sources: Research Collaboration and License Agreement (Mirati Therapeutics, Inc.), Research Collaboration and License Agreement (Mirati Therapeutics, Inc.)

Arbitration. All disputes and controversies If the Dispute has not been resolved in writing for any reason as of every kind and nature between any parties hereto arising out the expiration of or in connection with this Agreement or the transactions described herein as to the constructionapplicable Negotiation Period, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, such Dispute shall be submitted submitted, at the request of any Party, to final and binding arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named administered by the American Arbitration Association Association’s International Centre for Dispute Resolution (the “AAAICDR”) in accordance with its International Arbitration Rules then in effect (the “Rules”), except as modified herein. (i) The arbitration shall be conducted by a three-member arbitral tribunal (the “Arbitral Tribunal”). The two arbitrators so selected claimant or claimants, collectively, shall name a appoint one arbitrator in the notice of arbitration and the respondent or respondents, collectively, shall appoint one arbitrator within fourteen (14) days after the appointment of the first arbitrator. The third arbitrator (arbitrator, who shall serve as chair of the Arbitral Tribunal, shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator jointly appointed by the two party-appointed arbitrators so appointed, within twenty-one (21) days of the third appointment of the second arbitrator. Any arbitrator not timely appointed shall be appointed by the AAA. If ICDR according to its Rules. (ii) In resolving any arbitrator appointed hereunder Dispute to the extent it involves contractual issues under this Agreement, the arbitrators shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then apply the vacancy governing law specified herein. (iii) Arbitration under this Section 8.1 shall be filled by the method set forth in this Section sole and exclusive remedy for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs any Dispute, and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered any award rendered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on the parties and judgment thereupon may be entered in any court of competent jurisdiction having jurisdiction thereof, including any court having jurisdiction over the relevant party or its Assets. (iv) The Arbitral Tribunal shall be entitled, if appropriate, to award any remedy, including monetary damages, specific performance and all other forms of legal and equitable relief that is in accordance with the terms of this Agreement; provided, however, that the Arbitral Tribunal shall have no authority or power to (A) limit, expand, alter, modify, revoke or suspend any condition or provision of this Agreement, (B) award punitive, exemplary, treble or similar damages, except as set forth in Section 8.1(c)(v), or (C) review, resolve or adjudicate, or render any award or grant any relief in respect of, any issue, matter, claim or Dispute other than the specific Dispute or Disputes submitted by the parties to such Arbitral Tribunal for final and binding arbitration, including any Disputes consolidated therewith in accordance with Section 8.1(c)(viii). (v) The Arbitral Tribunal shall have the power to award the prevailing party its attorneys’ fees and costs reasonably incurred in the arbitration (including the fees and expenses of the arbitration, the Arbitral Tribunal’s fees and the fees and expenses of the ICDR). If any Party files an Action in contravention of the arbitration agreement in this Section 8.1, the other Party shall be entitled to an award of any costs they may incur in defending such Action, including a fee in an amount equal to $15,000,000 multiplied by the greater of (x) 1.05 raised to the power of the number of years elapsed since the Distribution Date (expressed in decimal form) and (y) one (1), as well as such additional punitive, exemplary, treble or similar damages as may be awardable under applicable law. Each of the Parties acknowledges and agrees that if any Party files an Action in contravention of the arbitration agreement in this Section 8.1, the non-breaching Party shall suffer reputational loss as a direct consequence of such Action for which they are entitled to damages. (vi) The arbitration shall be seated in, and the award shall be rendered, in New York County, New York, in the English language. (vii) The arbitration and this arbitration agreement shall be governed by the Federal Arbitration Act (9 U.S.C. § 1 et seq.). (viii) A Party may request consolidation of two or more arbitrations pending under the Rules into a single arbitration pursuant to the Rules. The Parties agree that two or more arbitration proceedings may be consolidated in accordance with this Section 8.1(c)(viii) and subject to the Rules even if the parties to such arbitration proceedings are not identical. Any order of consolidation issued pursuant to the Rules shall be final and binding upon the parties to the proceedingnew Dispute, prior pending or subsequently-filed arbitrations. The Parties waive any right they have to appeal or to seek interpretation, revision or annulment of such order of consolidation under the Rules or in any court. (ix) The Arbitral Tribunal (and, if applicable, Emergency Arbitrator) shall have the full authority to grant any pre-arbitral injunction, pre-arbitral attachment, interim or conservatory measure or other order in aid of arbitration proceedings (“Interim Relief”). The Parties shall exclusively submit any application for Interim Relief to only: (A) the Arbitral Tribunal; or (B) prior to the constitution of the Arbitral Tribunal, an Emergency Arbitrator appointed in the manner provided for in the Rules. Any Interim Relief so issued shall, to the extent permitted by applicable Law, be deemed a final arbitration award for purposes of enforceability, and, moreover, shall resolve also be deemed a term and condition of this Agreement subject to specific performance in Section 10.19. The foregoing procedures shall constitute the question exclusive means of costs seeking Interim Relief; provided, however, that (I) the Arbitral Tribunal shall have the power to continue, review, vacate or modify any Interim Relief granted by an Emergency Arbitrator, and the Arbitral Tribunal shall apply a de novo standard of review to the factual and legal findings of the arbitrators Emergency Arbitrator and all related mattersconduct any such proceeding with respect to the actions of the Emergency Arbitrator on an expedited basis; and (II) in the event an Emergency Arbitrator or the Arbitral Tribunal issues an order granting, and judgment denying or otherwise addressing Interim Relief (a “Decision on Interim Relief”), any Party may apply to enforce or require specific performance of such award may be entered and enforced by either party Decision on Interim Relief in any court of competent jurisdiction. v. Except as set forth (x) The Parties consent and submit to the non-exclusive jurisdiction of any federal court located in Section 15.b.the State of New York or, where such court does not have jurisdiction, any New York state court, in either case located in the parties stipulate that Borough of Manhattan, New York City, New York (“New York Court”) to enforce the dispute resolution provisions of in this Section shall be a complete defense 8.1, or to enforce any suitaward, relief or decision issued by an Arbitral Tribunal (or, if applicable, Emergency Arbitrator). In any such action: (A) each of the Parties irrevocably waives, to the fullest extent it may effectively do so, any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens or any right of objection to jurisdiction on account of its place of incorporation or domicile, which it may now or hereafter have to the bringing of any such action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect New York Court; and (B) each of the Parties irrevocably consents to any controversy or dispute arising out service of this Agreement or process by the transactions described herein. The arbitration provisions hereof shallmailing of copies of the process to the Parties as provided in Section 10.6, with respect to such controversy or dispute, survive service effected in this manner becoming effective five (5) days after the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent mailing of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyprocess. (xi) EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY AND (D) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8.1.

Appears in 2 contracts

Sources: Separation and Distribution Agreement (Solstice Advanced Materials Inc.), Separation and Distribution Agreement (Solstice Advanced Materials, LLC)

Arbitration. All disputes and controversies of every kind and nature (a) Any controversy between any the parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Trust Fund Credit Agreement and any claim by either such party against the other arising under the Trust Fund Credit Agreement which has not been settled by agreement of the parties shall be submitted to arbitration pursuant to the following procedures:by an Arbitral Tribunal as hereinafter provided. i. After a dispute or controversy arises, any party may, in a written notice delivered to the other (b) The parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who arbitration shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversyTrustee and the Borrower. ii. Within 30 days after receipt (c) The Arbitral Tribunal shall consist of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two three arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third appointed as follows: one arbitrator shall be appointed by the AAATrustee; a second arbitrator shall be appointed by the Borrower; and the third arbitrator (hereinafter sometimes called the Umpire) shall be appointed by agreement of the parties or, if they shall not agree, by the President of the International Court of Justice or, failing appointment by said President, by the Secretary General of the United Nations. If either of the parties shall fail to appoint an arbitrator, such arbitrator shall be appointed by the Umpire. In case any arbitrator appointed hereunder in accordance with this Section shall die, resign, refuse die or become unable to act before an arbitration decision is renderedact, then the vacancy a successor arbitrator shall be filled by appointed in the method set forth in this Section same manner as herein prescribed for the original appointment of the original arbitrator and such successor shall have all the powers and duties of such original arbitrator. iii(d) An arbitration proceeding may be instituted under this Section upon notice by the party instituting such proceeding to the other party. Each Such notice shall contain a statement setting forth the nature of the controversy or claim to be submitted to arbitration, the nature of the relief sought, and the name of the arbitrator appointed by the party instituting such proceeding. Within thirty days after such notice, the other party shall bear its own notify to the party instituting the proceeding the name of the arbitrator appointed by such other party. (e) If within sixty days after the notice instituting the arbitration costs proceeding, the parties shall not have agreed upon an Umpire, either party may request the appointment of an Umpire as provided in paragraph (c) of this Section. (f) The Arbitral Tribunal shall convene at such time and expenses. The arbitration hearing place as shall be held fixed by the Umpire. Thereafter, the Arbitral Tribunal shall determine where and when it shall sit. (g) The Arbitral Tribunal shall decide all questions relating to its competence and shall, subject to the provisions of this Section and except as the parties shall otherwise agree, determine its procedure. All decisions of the Arbitral Tribunal shall be by majority vote. (h) The Arbitral Tribunal shall afford to the parties a fair hearing and shall render its award in Dallas, Texas at a location designated writing. Such award may be rendered by default. An award signed by a majority of the arbitratorsArbitral Tribunal shall constitute the award of such Tribunal. The Commercial Arbitration Rules A signed counterpart of the American Arbitration Association award shall be incorporated by reference at transmitted to each party. Any such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that accordance with the provisions of this Section shall be a complete defense final and binding upon the parties to the Trust Fund Credit Agreement. Each party shall abide by and comply with any suit, action or proceeding instituted such award rendered by the Arbitral Tribunal in any federal, state or local court or before any administrative tribunal accordance with respect to any controversy or dispute arising out the provisions of this Section. (i) The parties shall fix the amount of the remuneration of the arbitrators and such other persons as shall be required for the conduct of the arbitration proceedings. If the parties shall not agree on such amount before the Arbitral Tribunal shall convene, the Arbitral Tribunal shall fix such amount as shall be reasonable under the circumstances. Each party shall defray its own expenses in the arbitration proceedings. The costs of the Arbitral Tribunal shall be divided between and borne equally by the parties. Any question concerning the division of the costs of the Arbitral Tribunal or the procedure for payment of such costs shall be determined by the Arbitral Tribunal. (j) The provisions for arbitration set forth in this Section shall be in lieu of any other procedure for the settlement of controversies between the parties to the Trust Fund Credit Agreement or of any claims by either party against the transactions described hereinother party arising thereunder. (k) The Trustee shall not be entitled to enter judgment against the Borrower upon the award, to enforce the award against the Borrower by execution or to pursue any other remedy against the Borrower for the enforcement of the award, except as such procedure may be available against the Borrower otherwise than by reason of the provisions of this Section. If, within thirty days after counterparts of the award shall have been delivered to the parties, the award shall not be complied with by the Trustee, the Borrower may take any such action for the enforcement of the award against the Trustee. (l) Service of any notice or process in connection with any proceeding under this Section or in connection with any proceeding to enforce any award rendered pursuant to this Section may be made in the manner provided in Section 11.01. The arbitration provisions hereof shall, with respect parties to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose Trust Fund Credit Agreement waive any and all other requirements for the existence or results service of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partynotice or process.

Appears in 2 contracts

Sources: Trust Fund Credit Agreement, Trust Fund Credit Agreement

Arbitration. All disputes and controversies of every kind and nature Any controversy or claim by or between the parties related in any parties hereto arising out of or in connection with way to this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to settled by binding arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named administered by the American Arbitration Association (the “AAA”)) in accordance with its Commercial Arbitration Rules; provided that nothing herein shall require arbitration of any claim or charge which, by law, cannot be the subject of a compulsory arbitration agreement. The two arbitrators so selected shall name a third arbitrator (who Any arbitration proceeding brought under this Agreement shall be an impartial personconducted in Charlotte, North Carolina by a single arbitrator appointed by agreement of the parties within thirty (30) within 30 daysdays of receipt by respondent of the demand for arbitration, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed default thereof by the AAA. If Each of Buyer, Project LLC, Seller and Blue Sphere, agree to be bound by this arbitration clause provided that they have either (i) signed this contract or a contract that incorporates this contract by reference or (ii) signed any arbitrator appointed hereunder shall die, resign, refuse or become unable other agreement to act before an be bound by this arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iiiclause. Each such party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award agrees that it may be entered and enforced by either party in any court of competent jurisdiction. v. Except joined as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No an additional party to an arbitration may disclose involving other parties under any such agreement. The arbitrator(s) in the existence first-filed of such proceeding shall be the arbitrator(s) for the consolidated proceeding. The arbitrator, in rendering an award in any arbitration conducted pursuant to this provision, shall issue a reasoned award stating the findings of fact and conclusions of law on which it is based, and the arbitrator shall be required to follow the law of the state designated by the parties herein. Any judgment or results enforcement of any award, including an award providing for interim or permanent injunctive relief, rendered by the arbitrator may be entered, enforced or appealed from in any court having jurisdiction thereof. Any arbitration hereunder without proceedings, decision or award rendered hereunder, and the validity, effect and interpretation of this arbitration provision, shall be governed by the Federal Arbitration Act, 9 U.S.C.§ 1 et seq. In any arbitration proceedings under this Agreement, each party shall pay all of its, his or her own legal fees, including counsel fees, but AAA filing fees and arbitrator compensation shall be paid pursuant to the AAA Commercial Arbitration Rules, unless otherwise provided by law for a prevailing party. The parties agree that, notwithstanding the foregoing, prior written consent to the appointment of the other parties; nor will arbitrator, nothing herein shall prevent any party to an arbitration disclose to any third party any confidential information disclosed by from seeking preliminary or temporary injunctive relief against any other party to an arbitration in the course federal or state courts of an arbitration hereunder without North Carolina. For the prior written consent avoidance of such other partydoubt, any actions for permanent relief or monetary damages shall be settled by arbitration.

Appears in 2 contracts

Sources: Membership Interest Purchase Agreement, Membership Interest Purchase Agreement (Blue Sphere Corp.)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with (a) Any arbitration initiated under this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to conducted before a single neutral arbitrator appointed by the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to Parties within thirty (30) days of receipt by respondent of the other parties to the dispute, demand such for arbitration. Such notice shall designate If the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered Parties are unable to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name agree on an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator arbitration shall be appointed by the AAAAmerican Arbitration Association. If any Unless the Parties agree otherwise, the arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas an attorney or retired judge with at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within least fifteen (15) days years of experience, and shall not have any current or past substantial business or financial relationships with any Party to the arbitration. If possible, the arbitrator shall have experience in the electric utility industry. Unless otherwise agreed, the arbitration shall be conducted in accordance with the American Arbitration EXHIBIT G Association's Commercial Arbitration Rules, then in effect, in the District of Columbia. Any arbitration proceedings, decision or award rendered hereunder and the validity, effect and interpretation of this arbitration agreement shall be governed by the Federal Arbitration Act of the United States, 9 U.S.C. Sections 1 et seq. (b) The arbitration shall, if possible, be concluded not later than six (6) months after the close date that it is initiated. The arbitrator shall be authorized only to interpret and apply the provisions of submission of evidence. An award rendered by a majority this Agreement or any related agreements entered into under this Agreement and shall have no power to modify or change any of the arbitrators appointed pursuant above in any manner. The arbitrator shall have no authority to award punitive or multiple damages or any damages inconsistent with this Agreement Agreement. The arbitrator shall, within thirty (30) days of the conclusion of the hearing, unless such time is extended by agreement of the Parties, notify the Parties in writing of his or her decision, stating his or her reasons for such decision and separately listing his or her findings of fact and conclusions of law. The decision of the arbitrator rendered in such a proceeding shall be final and binding on all parties to the proceeding, shall resolve Parties. Judgment on the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party upon it in any court of competent having jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 2 contracts

Sources: Asset Purchase and Sale Agreement (Potomac Electric Power Co), Asset Purchase and Sale Agreement (Southern Energy Inc)

Arbitration. All The parties agree that all disputes and controversies of every kind and nature that may arise between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as them relating to the construction, validity, interpretation or meaningperformance of this Agreement, performanceincluding matters relating to any funding arrangements for the benefits provided under this Agreement, non-performance, enforcement, operation or breachto the maximum extent allowed by applicable law, shall be submitted to determined by binding arbitration pursuant to through an arbitrator chosen as provided in this Section 5. Either party may notify the following procedures: i. After other party of the existence of a dispute or controversy arises, any party may, in a by written notice delivered to in accordance with Section 12 herein. The arbitration shall proceed in accordance with the other parties to the dispute, demand such arbitration. Such notice shall designate the name provisions of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement Federal Arbitration Act and the rules and procedures of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person)American Arbitration Association. If such the parties fail can agree to name an arbitrator, then the second dispute may be resolved by a single arbitrator. Otherwise, each party shall designate an arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name and a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAtwo arbitrators selected by the parties. If any either party shall fail to appoint an arbitrator appointed hereunder shall die, resign, refuse or become unable within thirty (30) days after it is notified to act before an arbitration decision is rendereddo so, then the vacancy arbitration shall be filled conducted by the method set forth in this Section for the original appointment of such a single arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing All arbitrators shall be held in Dallas, Texas at selected from a location designated panel proposed by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association Association. The parties agree that the arbitrators shall be incorporated by reference at such hearing and apply the substantive laws of the State of Texas (excluding conflict of laws provisions) Alabama and any applicable federal law. Unless otherwise agreed by the parties, all arbitration proceedings shall apply. ivbe held in Mobile, Alabama. The arbitration hearing award of the arbitrators shall be concluded issued within ten sixty (1060) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after of the close of the hearing or the submission of evidencepost-hearing memoranda, whichever is later, and shall include each arbitrator's individual vote. An The award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final binding and binding on all parties conclusive upon the parties. Either party shall have the right to have the proceeding, shall resolve award made the question judgment of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any a court of competent jurisdiction. v. Except as set forth jurisdiction in Section 15.b.the State of Alabama. At least thirty (30) days prior to the arbitration, the Company shall provide Employee with an offer to resolve the dispute and to pay Employee whatever benefits to which the Company believes he is entitled. If the arbitrators' award is greater than the amount of the Company's offer, Employee shall be entitled to payment by the Company of all of his attorneys' fees, expenses and costs incurred in connection with the arbitration, including the Employee's portion of the arbitrators' fees. If the arbitrators' award is equal to or less than the Company's offer, the parties stipulate that the provisions of this Section shall be a complete defense to any suitresponsible for their own attorneys' fees, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or expenses and costs and shall share the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent expenses of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyarbitrators.

Appears in 2 contracts

Sources: Employment Agreement (Integrity Inc), Key Employee Change in Control Agreement (Integrity Inc)

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. The arbiters may award costs and expenses, including reasonable attorneys' fees and other expenses. v. Except C. If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as set forth in Section 15.bone party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint. D. Each party shall bear the expense of its own arbiter, and shall jointly and equally bear with the other the expense of the umpire and of the arbitration. In the event that the two arbiters are chosen by one party, as above provided, the parties stipulate that expense of the provisions of this Section arbiters, the umpire and the arbitration shall be equally divided between the two parties. E. Any arbitration proceedings shall take place at a complete defense location mutually agreed upon by the parties to any suitthis Contract, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or but notwithstanding the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent location of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed arbitration, all proceedings pursuant hereto shall be governed by any other party to an arbitration in the course law of an arbitration hereunder without the prior written consent not including its choice of such other partylaw provisos.

Appears in 2 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes and controversies of every kind and nature 17.1 Any dispute, controversy or claim (whether in tort, contract, under statute, or otherwise) between any parties hereto the Parties arising out of of, relating to, or in connection with this Agreement, including a dispute regarding the existence, validity or termination of this Agreement or the transactions described herein as relationship between the Parties established by this Agreement and any dispute arising from or relating to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachthose indemnification procedures (each a "Dispute"), shall be submitted referred to and finally and exclusively resolved by arbitration. Prior to initiation of arbitration, however, a duly appointed representative of each party shall meet together within five (5) days of one party notifying the other Party of a dispute in an effort to resolve such dispute by discussion between them but failing to resolve such dispute within a further five (5) day period, either party may initiate arbitration pursuant as provided below. 17.2 Either Party may initiate arbitration by providing to the following procedures:other a written notice of arbitration specifying the claims to be arbitrated. If a Party refuses to honor its obligations to arbitrate under this Agreement, the other Party may compel arbitration in either federal or territorial court in Guam. In deciding the substance of any Dispute, the Arbitrators shall apply the substantive laws in the Territory of Guam. i. After a dispute or controversy arises17.3 The arbitral tribune (the "Tribunal") shall consist of one (1) arbitrator, to be appointed by both parties. In the event that the parties are unable to agree upon one arbitrator, any party may, may compel appointment of an arbitrator in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name either federal or territorial court in Guam. 17.4 The place of the arbitrator (who arbitration shall be an impartial person) appointed by such party demanding arbitration, together with a statement Guam and the language of the matter arbitration shall be English. The Guam Rules of Civil Procedure and Guam Rules of Evidence shall apply in controversythe arbitration. ii. Within 30 days after receipt of such demand, the other parties shall, in 17.5 Should a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If vacancy arise because any arbitrator appointed hereunder shall diedies, resignresigns, refuse or become unable refuses to act before an arbitration decision is renderedor becomes incapable of performing his functions, then the vacancy shall be filled by the method set forth by which the arbitrator was originally appointed. When a vacancy is filled, the newly established Tribunal shall have sole discretion to determine whether any hearings shall be repeated. 17.6 If any Dispute arises out of substantially the same facts as are the subjects of an existing dispute (a "Related Dispute"), then the Tribunal appointed or to be appointed in respect of any such existing dispute shall also be appointed as the Tribunal for the Related Dispute. 17.7 Where, pursuant to the above provisions, the same Tribunal has been appointed in relation to two or more Related Disputes, the Tribunal may order that the whole or part of the matters at issue shall be heard together upon such terms or conditions as the Tribunal thinks fit. The Tribunal shall have power to make such directions and any interim, partial or final awards as it considers just and desirable. 17.8 Except as required by applicable law, each Party shall maintain the confidentiality of (a) the existence of any arbitral proceeding; (b) any documents produced or exchanged by the Parties during any arbitration proceeding; (c) any documents prepared during any arbitration proceeding for use therein; and (d) any arbitral award. 17.9 The costs of arbitration, including the cost of the Arbitrators, the expenses related thereto, administrative fees, fees of experts appointed by the Arbitrators and reasonable legal fees of a Party shall be allocated by the Arbitrators to reflect the Party's relative success and failure in the award of the Arbitrators. Any award of the Arbitrators shall be made in United States Dollars. 17.10 Nothing in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing 17 shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in construed as preventing any Party from seeking conservatory or similar interim relief from any court of competent jurisdiction. v. 17.11 Any award of the Tribunal shall be made in writing and shall be final and binding on the Parties. The Parties undertake to carry out the award without delay. 17.12 Except as set forth provided in Section 15.b.section 17.10 above, the parties stipulate Parties hereby waive any right to apply to any court of law and/or other judicial authority to determine any preliminary point of law, including without limitation, the questions of whether the dispute is arbitrable and within the jurisdiction of the Tribunal, which shall be decided by the Tribunal, and/or review any question of law and/or the merits, insofar as such waiver may validly be made. The Parties shall not be deemed, however, to have waived any right to challenge any award on the ground that the provisions Tribunal lacked substantive jurisdiction and/or the ground of this Section serious irregularity affecting the Tribunal, the proceedings or award. 18 Assignability This Agreement shall not be a complete defense to any suitassigned, action in whole or proceeding instituted in any federalpart, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder by either Party without the prior written consent of the other partiesParty, which consent shall not be unreasonably withheld; nor will any party provided, however, that Customer shall be allowed to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder assign this Agreement without the prior written consent of the Operator to a wholly-owned affiliate on a one-time only basis, in the event that all or a substantial portion of Customer's remaining business in Guam are sold or shut down. If any assignment is made pursuant to this Section 18, then such other partyassignment shall be binding upon and shall inure to the benefit of the successors of the respective Parties hereto and the assigning Party shall be fully released and discharged from any further obligations or liabilities hereunder for all purposes.

Appears in 2 contracts

Sources: Throughput, Operating and Pipeline Use Agreement, Throughput, Operating and Pipeline Use Agreement for Wet Stock

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ ' arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “"AAA”"). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in DallasHouston, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b13.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 2 contracts

Sources: Nonstatutory Stock Option Agreement (Endeavour International Corp), Nonstatutory Stock Option Agreement (Endeavour International Corp)

Arbitration. All disputes A. Within ten (10) working days of the Union’s notice to the UA Director of Labor and controversies Employee Relations of every kind its intent to arbitrate, the parties shall jointly contact the Federal Mediation and nature between any Conciliation Service (FMCS) to request a panel of arbitrators from which the parties hereto arising out of or in connection with this Agreement shall select an arbitrator or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be may mutually agree on an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversyarbitrator. ii. B. Within 30 ten (10) working days after receipt of such demandthe panel of arbitrators, representatives of the other parties shall, in a written notice delivered to University and the Union shall meet and select an arbitrator by alternately striking names from the panel of arbitrators until one name remains. The first party, name such parties’ arbitrator (who strike shall be an impartial person)decided by a flip of a coin. If such parties fail to name an arbitrator, then The arbitrator remaining on the second arbitrator list shall be named by accepted as the American arbitrator of the grievance. C. Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or conducted in lieu of such agreement on a third arbitrator by accordance with the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules rules of the American Arbitration Association Association, unless the parties mutually agree otherwise. The powers of the arbitrator shall be incorporated by reference at such hearing limited to interpretation and application of the expressed terms of the Agreement. The arbitrator shall have no power to alter, add to, subtract from, or otherwise modify the terms of this Agreement. The arbitrator shall be empowered to rule only on a grievance which alleges a violation of a specific article or section of this Agreement. The cost of requesting the arbitrator list shall be split evenly between the University and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyUnion. iv. D. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement arbitrator's decision shall be final and binding on all parties the Local 6070 bargaining unit member(s), the Union, and the University. The decision of the arbitrator shall be enforceable and appealable as provided by law. Unless otherwise provided for in this Agreement, it shall not be within the jurisdiction of the arbitrator to change an existing wage rate, or to establish a new wage rate, nor to limit the University's rights to manage and direct its workforce. E. The arbitrator shall have the power to return a grievant to work status, with or without restoration of back pay, or mitigate the damage. However, the mitigated damages may not exceed the amount the individual would have earned had the grievant remained in a paid status. F. Each party shall furnish the arbitrator and the other party whatever facts or material the arbitrator may require to properly weigh the merits of the grievance. Neither party, however, may present material, facts, or issues at arbitration which have not been presented in writing during Steps One, Two or Three of the grievance procedure. G. Each party shall bear the cost of preparing and presenting its own case. 1. The fees and expenses of the arbitrator shall be allocated by the arbitrator as follows: a. Assign arbitrator's fees and expenses to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdictionlosing party. v. Except as set forth in Section 15.b.b. If the arbitrator determines that neither party is the losing party, then the arbitrator shall assign arbitrator’s fees and expenses proportionally to the parties stipulate that the provisions of this Section as judged equitable. 2. Local 6070 bargaining unit members who are required to appear as witnesses for an arbitration proceeding shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any granted administrative tribunal with respect to any controversy or dispute arising out leave for the period of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partytheir testimony only.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any disputes, controversy or claim arising out of of, or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall termination or validity thereof, which cannot be submitted to arbitration pursuant to amicably resolved by the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 within 60 calendar days after receipt by one party of such demand, written notice from the other parties shallparty, such a controversy or claim shall be settled by final and binding arbitration conducted in a written notice delivered to the English language in New York in accordance with the Rules of Concentration and Arbitration of the International Chamber of Commerce by three arbitrators appointed one by Seller, one by Buyer and the third by the first party, name such parties’ arbitrator (who shall be an impartial person)two arbitrators. If such parties fail either or both Seller or Buyer fails to name appoint an arbitrator, then arbitrator within 60 calendar days after receiving notice of the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 dayscommencement or arbitration proceedings, or in lieu of such agreement on a third arbitrator by if the two arbitrators so appointedwithin 14 calendar days after they have been chosen failed to appoint the third arbitrator, the third International Court of Arbitration of the International Chamber of Commerce shall, upon request of either or both of Buyer and Seller, appoint the arbitrator or arbitrators required to complete the arbitral tribunal. The parties agree that the Arbitration Award of the arbitral tribunal shall be: (i) conclusive, final and binding upon the parties; and (ii) the sole and exclusive remedy between the parties regarding any and all claims and counterclaims presented to the arbitral tribunal. All notices to be given in connection with the arbitration shall be appointed by the AAAas provided in Clause 23 of this Agreement. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy The Arbitration Award shall be filled by made and shall be payable in US$ only. The Arbitration Award shall also include the method set forth fixing of the expense of the arbitration and the assessment of the same, as is appropriate in this Section for the original appointment of such arbitrator. iiiparties hereto. Each party shall otherwise bear its own arbitration costs cost of its respective legal fees, witnesses, depositions and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration out-of—pocket expenses incurred in the course of an arbitration hereunder without arbitration. In the prior written consent event either party to this Agreement commences legal proceedings to enforce the Arbitration Award, the expense of such other partylitigation (including reasonable attorney’s fees and costs of court) shall be borne by the party not prevailing therein.

Appears in 2 contracts

Sources: Purchase Agreement (Sunshine Silver Mining & Refining Corp), Purchase Agreement (Sunshine Silver Mining & Refining Corp)

Arbitration. In the event that the Dispute is not resolved in an amicable manner as set forth in Section 8.5(a) or through mediation pursuant to Section 8.5(b), the latter within 30 days of the submission of the Dispute to mediation, either party involved in the Dispute may submit the dispute to binding arbitration pursuant to this Section 8.5(c). All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be Disputes submitted to arbitration pursuant to this Section 8.5(c) shall be resolved in accordance with the following procedures: i. After a dispute or controversy arisesCommercial Arbitration Rules of the American Arbitration Association, any unless either party mayinvolved elects to utilize an independent referee ("Referee") mutually acceptable to the parties, in a written notice delivered which event all references herein to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association shall be deemed modified accordingly. Expedited rules shall apply regardless of the amount at issue. Arbitration proceedings hereunder may be initiated by either party making a written request to the American Arbitration Association, together with any appropriate filing fee, at the office of the American Arbitration Association in Orlando, Florida. The arbitration shall be by a single qualified arbitrator ("Arbitrator") experienced in the “AAA”matters at issue, such Arbitrator to be mutually agreed upon by FIS and FNT. If the parties fail to agree on an Arbitrator within 30 days after notice of commencement of arbitration, the American Arbitration Association shall, upon the request of any party to the dispute or difference, appoint the Arbitrator. All arbitration proceedings shall be held in the city of Jacksonville, Florida in a location to be specified by the Arbitrator (or any place agreed to by the parties and the Arbitrator). The two arbitrators so selected shall name a third arbitrator (who Any order or determination of the arbitral tribunal shall be an impartial personfinal and binding upon the parties to the arbitration as to matters submitted and may be enforced by any party to the Dispute in any court having jurisdiction over the subject matter or over any of the parties. The parties agree that the length of time to be provided in any arbitration action to conduct discovery shall be limited to 90 days, the length of time to conduct the arbitration hearing shall be limited to ten days (with each party having equal time) and that the Arbitrator shall be required to render his or her decision within 30 days, or in lieu days of such agreement on a third arbitrator the completion of the arbitration hearing. All costs and expenses incurred by the two arbitrators so appointed, the third arbitrator Arbitrator shall be appointed shared equally by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iiiparties. Each party shall bear its own arbitration costs and expensesexpenses in connection with any such arbitration proceeding. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results use of any arbitration alternative dispute resolution procedures hereunder without will not be construed under the prior written consent doctrines of laches, waiver or estoppel to affect adversely the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course rights of an arbitration hereunder without the prior written consent of such other either party.

Appears in 2 contracts

Sources: Tax Disaffiliation Agreement (Fidelity National Title Group, Inc.), Tax Disaffiliation Agreement (Fidelity National Financial Inc /De/)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any controversy, claim or dispute arising out of or in connection with this Agreement, the Registration Rights Agreement or the transactions described herein as to the constructionWarrants, including any question regarding its existence, validity, interpretation interpretation, breach, or meaning, performance, non-performance, enforcement, operation or breachtermination, shall be submitted referred to arbitration pursuant to and finally resolved in accordance with the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial International Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing Association, and judgment upon the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award arbitral tribunal may be entered by any court having jurisdiction thereof or having jurisdiction over any party or any party's assets. (a) The tribunal shall consist of three arbitrators, two of whom shall be appointed by the respective parties and enforced the third, who shall be the chairperson of the tribunal, by the two party-appointed arbitrators within 30 days of the last of their appointments. Save that, if either party should fail to appoint an arbitrator within 30 days of receiving written notice of the appointment of an arbitrator by the other party, the second arbitrator shall, at the written request of the party which has already made an appointment, be appointed forthwith by the American Arbitration Association. Likewise, if the party-appointed arbitrators fail to make an agreed appointment for the chairperson within 30 days of the last of their appointments, the chairperson shall, at the written request of either party, be appointed forthwith by the American Arbitration Association. (b) The place of arbitration shall be New York, New York. (c) This arbitration clause and the conduct of the arbitral proceedings shall be governed by the Federal Arbitration Act, 9 U.S.C.A. sec. 1 et seq. (d) The language of the arbitration shall be English. (e) Nothing in these dispute resolution provisions shall be construed as preventing either party from seeking conservatory or similar interim relief in any court of competent jurisdiction. v. Except as set forth in Section 15.b.(f) To the extent practicable, the parties stipulate arbitral tribunal shall render its award no more than 60 calendar days from the date that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative three member tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described hereinis constituted. The arbitration provisions hereof shall, with respect arbitral tribunal shall not lose jurisdiction over the matter based on a failure to such controversy or dispute, survive the termination or expiration of render an award within this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partytime period.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Globalnet Inc), Stock Purchase Agreement (Appliedtheory Corp)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or If the transactions described herein as Parties are unable to resolve the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to Dispute within ninety (90) days following the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name receipt of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitrationNotice of Dispute, together with a statement of either Party may submit the matter in controversy. ii. Within 30 days after receipt to be resolved by binding arbitration conducted by the office of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association in Houston, Texas (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who arbitration shall be an impartial personconducted in accordance with the AAA’s Commercial Arbitration Rules (the “Rules”) within 30 dayseffective at the time of the Dispute. The Expedited Procedures of the Rules shall apply to any Dispute in which no disclosed claim or counterclaim exceeds $5,000,000.00, or in lieu exclusive of such agreement on a third arbitrator by interest and arbitration fees and costs. If the two arbitrators so appointedExpedited Procedures should apply, the third arbitration shall be heard and decided by a single arbitrator shall to be appointed by the AAA. If any arbitrator appointed hereunder shall dieFor all other Disputes, resign, refuse or become unable to act before an the arbitration decision is rendered, then the vacancy shall be filled heard and decided by three arbitrators, one to be designated by each Party and the third arbitrator to be selected by the method set forth in this Section for mutual agreement of the original appointment two arbitrators. Each Party shall designate its arbitrator within twenty (20) days of the respondent receiving notice of the arbitration. If either Party fails to select an arbitrator within such twenty-day period, the AAA shall designate such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered arbitrators selected by the arbitrators and Parties shall select the written award thereon shall be made third arbitrator within fifteen (15) days after the close of submission of evidencetheir appointment. An award rendered by a majority of If the arbitrators appointed pursuant selected by the Parties are unable or fail to this Agreement agree upon the third arbitrator within such fifteen-day period, the AAA shall select the third arbitrator. Each arbitrator selected hereunder shall be knowledgeable in the oil and gas industry. The arbitrators shall make a reasoned award in writing and may allocate costs and fees among the Parties in connection with such award. The award shall be final and binding on each Party and for all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such purposes. Judgment upon a final award may be entered and enforced by either party in any court of competent having jurisdiction. v. Except as set forth in . This Section 15.b., the parties stipulate that the provisions of this Section 14 shall be a complete defense to survive any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to For the avoidance of doubt, for the purpose of designating arbitrators in an arbitration may disclose tribunal consisting of three arbitrators, the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party▇▇▇▇▇▇▇ Parties shall be treated as a single Party.

Appears in 2 contracts

Sources: Interim Investors Agreement, Interim Investors Agreement (Sanchez Energy Corp)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any controversy or claim arising out of or in connection with this Agreement relating to the Agreement, or the transactions described herein as breach thereof, or any failure to agree where agreement of the constructionparties is necessary pursuant hereto, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachincluding the determination of the scope of this agreement to arbitrate, shall be submitted to arbitration pursuant to resolved by the following procedures:procedures (provided, however, that any dispute over benefits shall first be subject to and determined in accordance with the claims procedure set forth in Section 3.10 hereof): i. After a 3.11.1. The parties agree to submit any dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named final and binding arbitration administered by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by pursuant to the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference AAA as in effect at such hearing and the substantive laws time of the State of Texas (excluding conflict of laws provisions) shall apply. ivsubmission. The arbitration hearing shall be concluded held in Boston, Massachusetts before a single neutral, independent, and impartial arbitrator (the “Arbitrator”). 3.11.2. Unless the parties have agreed upon the selection of the Arbitrator before then, the AAA shall appoint the Arbitrator within ten thirty (1030) days unless otherwise ordered by after the arbitrators and the written award thereon submission to AAA for binding arbitration. The arbitration hearings shall be made commence within fifteen (15) days after the selection of the Arbitrator. Each party shall be limited to two (2) pre-hearing depositions each lasting no longer than two (2) hours. The parties shall exchange documents to be used at the hearing no later than ten (10) days prior to the hearing date. Each party shall have no longer than three (3) hours to present its position, and the entire proceedings before the Arbitrator shall be on no more than two (2) hearing days within a two (2) week period. The award shall be made no more than ten (10) days following the close of submission of evidencethe proceeding. An The Arbitrator’s award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall not include consequential, exemplary, or punitive damages. The Arbitrator’s award shall be a final and binding on all parties to the proceeding, shall resolve the question of costs determination of the arbitrators dispute and all related matters, and judgment on such award may shall be entered and enforced by either party fully enforceable in any court of competent jurisdiction. v. . Except as set forth in Section 15.b.a proceeding to enforce the results of the arbitration, neither party nor the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration Arbitrator may disclose the existence existence, content, or results of any arbitration hereunder without the prior written consent of both parties. Except as may otherwise be decided by the other Arbitrator, each party shall pay the fees of its own counsel; and the costs of the arbitration, including the fees of the Arbitrator, shall be shared equally by the parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 2 contracts

Sources: Supplemental Executive Retirement Agreement (Boston Communications Group Inc), Supplemental Executive Retirement Agreement (Boston Communications Group Inc)

Arbitration. All disputes and controversies 14.1 As a condition precedent to any right of every kind and nature between action hereunder, in the event of any parties hereto dispute or difference of opinion hereafter arising out with respect to this Agreement, whether arising before or after termination of this Agreement, it is hereby mutually agreed that such dispute or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, difference of opinion shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One Arbitrator shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Managing General Agent, in a written notice delivered to the first party, name such parties’ arbitrator (who and an Umpire shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator chosen by the two arbitrators so appointedArbitrators before they enter upon arbitration, all of whom shall be active or retired disinterested executive officers of casualty insurance companies or insurance agencies who are authorized to transact business in Texas. In the event that either party should fail to choose an Arbitrator within 30 days following a written request by the other party to do so, the requesting party may choose two Arbitrators who shall in turn choose an Umpire before entering upon arbitration. If the two Arbitrators fail to agree upon the selection of an Umpire within 30 days following their appointment, the third arbitrator Arbitrator shall be appointed selected from a list of six individuals (three named by each Arbitrator) by a judge of the AAA. If any arbitrator appointed hereunder shall diefederal district court or state court in Dallas County, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitratorTexas. iii. 14.2 Each party shall bear present its own arbitration costs and expensescase to the Arbitrators within 30 days following the date of appointment of the Umpire. The arbitration hearing Arbitrators shall be held in Dallas, Texas at consider this Agreement as an honorable engagement rather than merely as a location designated by a majority legal obligation and they are relieved of all judicial formalities and may abstain from following the strict rules of law. The decision of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement Arbitrators shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve Umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the Arbitrators may be entered and enforced by either party in any court of competent jurisdiction. v. Except 14.3 Each party shall bear the expense of its own Arbitrator, and shall jointly and equally bear with the other the expense of the Umpire and of the arbitration. In the event that the two Arbitrators are chosen by one party, as set forth in Section 15.b.above provided, the parties stipulate that expense of the provisions of this Section Arbitrators, the Umpire and the arbitration shall be a complete defense to any suitequally divided between the two parties. 14.4 Any arbitration proceedings shall take place at Addison, action or proceeding instituted in any federalTexas, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out but notwithstanding the location of this Agreement or the transactions described herein. The arbitration provisions hereof shallarbitration, with respect to such controversy or dispute, all proceedings pursuant hereto shall be governed by the laws of the State of Texas. 14.5 This Article shall survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyContract.

Appears in 2 contracts

Sources: Managing General Agency Agreement, Managing General Agency Agreement (Affirmative Insurance Holdings Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with Except to the extent this Agreement or the transactions described herein as to the constructionprovides otherwise, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, any dispute arising under this Agreement shall be submitted to resolved by arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any as hereinafter provided. The party may, in a desiring arbitration shall give written notice delivered to that effect to the other parties party and to such party's counsel, as provided for in Section 16.1 hereof. The party initiating the dispute, demand such arbitration. Such notice arbitration shall designate the name send a copy of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of notice initiating the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered arbitration to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (or its successor) and shall request that the “AAA”)American Arbitration Association select within 10 days thereafter an individual who meets the following criteria to act as the arbitrator. The two arbitrators so selected arbitrator must be (i) "independent," I.E., not having at that time or at any time within the immediately preceding five (5) years a substantial relationship with either party to the arbitration, any Affiliate of either such party, or any officer or director of any such party or Affiliate; (ii) an attorney having at least ten (10) years experience, and (iii) knowledgeable in the areas of multi-family residential real estate ownership, management and finance. No party to the arbitration shall name a third have any right to object to the individual named as the arbitrator (who except upon the ground that the named individual does not meet the aforesaid criteria. If more than one arbitration is conducted pursuant to this Agreement, the parties agree to use the same arbitrator, subject to his availability. The arbitration shall be an impartial person) within 30 daysconducted in the City of New York and, or to the extent consistent with this Paragraph, in lieu of such agreement on a third arbitrator by accordance with the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method expedited procedures set forth in this Section for and otherwise in accordance with the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The then Commercial Arbitration Rules of the American Arbitration Association (or any organization successor thereto). The arbitrator shall be incorporated instructed to proceed with all reasonable diligence to resolve the dispute by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) no later than 30 days after the close of submission of evidence. An award rendered by a majority date on which the American Arbitration Association received the request to initiate the arbitration, to render his decision in writing and to deliver counterpart copies thereof to each of the arbitrators appointed pursuant parties. The arbitrator may issue a default award against a party that fails to this Agreement appear at any meeting or hearing scheduled by the arbitrator or which attempts to delay the arbitration. Such decision shall be binding, final and binding conclusive on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award parties. Judgment may be entered and enforced by either party had on the decision so rendered in any court of competent jurisdiction. v. Except as set forth , federal or state, and may be enforced in Section 15.b.accordance with the laws of the State of Delaware. The fees of the arbitrator, the fees of expenses of respective counsel engaged by the parties, the fees and expenses of expert witnesses and other witnesses called by the parties stipulate that and the provisions cost of this Section transcripts shall be a complete defense to any suitpaid by the party against which the dispute is resolved, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or unless otherwise specified by the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyarbitrator.

Appears in 2 contracts

Sources: Operating Agreement (NHP Inc), Operating Agreement (NHP Inc)

Arbitration. All disputes and controversies (a) As a condition precedent to any right of every kind and nature between any parties hereto action arising under or out of this Agreement, the Parties agree that that any and all disputes or in connection with differences, including disputes concerning the formation and/or validity of this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachAgreement, shall be submitted to arbitration pursuant to the following procedures: i. After before a dispute or controversy arisespanel of three arbitrators, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name each of the arbitrator (who whom shall be an impartial person) appointed active or retired disinterested officer of a property and casualty insurance company. One arbitrator shall be chosen by such party demanding arbitrationthe Exchange, together with one arbitrator shall be chosen by the AIF, and the third arbitrator will be chosen by the other two arbitrators. In the event any Party does not appoint an arbitrator within 60 days after the other Party requests it to do so, or if the two arbitrators selected by the Exchange and the AIF fail to agree upon a statement third arbitrator within 30 days of the matter in controversy. ii. Within 30 days after receipt appointment of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall to be named appointed, the arbitrator or arbitrators, as the case may be, will, upon the application of any Party, be appointed by the American Arbitration Association (and the “AAA”)arbitrators will proceed. The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall will be final and binding on all parties to Parties. Each Party will bear the proceeding, shall resolve the question expense of costs its own arbitrator and one- half of the arbitrators expenses of the third arbitrator and all related matters, and judgment on such award may be entered and enforced of the arbitration. Arbitration taking place under this section will take place in the Exchange unless otherwise agreed by either party the Parties in any court of competent jurisdictionwriting. v. Except as set forth in Section 15.b.(b) Any action, litigation, suit or proceeding arising out of or relating to this Agreement or any transaction contemplated hereby, including the parties stipulate that enforceability of the provisions of this Section paragraph 9(a) hereof, shall be a complete defense brought solely in federal or state courts of competent jurisdiction sitting in the courts located in the Exchange, and each of the Parties hereto hereby irrevocably consents and submits to the exclusive jurisdiction of such courts (c) Notwithstanding any suit, action dispute or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute difference of opinion arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of under this Agreement. No party to an arbitration may disclose , the existence or results of any arbitration hereunder without Exchange and the prior written consent of AIF must fulfill all obligations under the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed reciprocal insurance contracts exchanged by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partySubscribers.

Appears in 2 contracts

Sources: Attorney in Fact Agreement (Safepoint Holdings, Inc.), Attorney in Fact Agreement

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. The arbiters may award costs and expenses, including reasonable attorneys' fees and other expenses. v. Except C. If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as one party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, D. This Contract incorporates, as if set forth in Section 15.b.full herein, representations and warranties "a" through "c" and "f" through "j" contained in the parties stipulate that Representations and Warranties of the provisions Insurer Article of this Section shall be a complete defense the Policy. Each Subscribing Reinsurer hereby makes the representations and warranties "b", "c", "f", "g", "i" and "j" contained in the Representations and Warranties of the Insurer Article of the Policy to any suitthe Company and the Insured in the same manner as the Company does to the Insured in the Policy, action or proceeding instituted in any federal, state or local court or before any administrative tribunal but with respect to this Contract rather than the Policy. With respect to representations and warranties "a" and "h", each Subscribing Reinsurer makes such representations to the Company and the Insured except that "a" shall be made regarding its place of domicile and "h" shall be made regarding the relevant regulator in its place of domicile. E. The Reinsurer represents and warrants to the Company and the Insured that it has sufficient knowledge and experience in financial, business and other relevant matters to be capable of evaluating the risks and merits of entering into and performing this Contract. The Reinsurer has conducted its own independent review and analysis of the underwriting risk assumed under this Contract and represents and warrants that it had such information as it deemed necessary and sufficient to enter into this Contract. In entering into this Contract, the Reinsurer is not relying on any controversy representation as to any past or dispute arising out present fact or circumstance, or on any representation, prediction or estimation as to any future fact or circumstance, whatsoever made by or on behalf of the Company or the Insured. Prior to the Reinsurer's execution and delivery of this Agreement Contract, the Reinsurer has (1) been given the opportunity to ask questions of, and receive answers from, the Company concerning the terms and conditions of this Contract and the subject matter of this Contract and (2) been given the opportunity to request and review such additional information necessary to evaluate the risks and merits of entering into and performing this Contract and to verify the accuracy of or to supplement the information provided to the Reinsurer to the extent that the Company possesses such information. F. The Reinsurer also represents and warrants to the Company as follows: 1. The Reinsurer has the full corporate power, authority and legal right to enter into this Contract and to consummate the transactions described hereincontemplated hereby. This Contract constitutes the legal, valid and binding obligation of the Reinsurer, enforceable against the Reinsurer in accordance with its terms. The arbitration provisions hereof shallexecution, with respect to such controversy delivery and performance by the Reinsurer of this Contract and the consummation by the Reinsurer of the transactions contemplated hereby shall not contravene or disputeviolate any provision of, survive or result in the termination or expiration of this Agreement. No party to an arbitration may disclose the existence acceleration of, or results of any arbitration hereunder without the prior written consent of the other parties; nor will entitle any party to accelerate any obligation or indebtedness under, or result in an arbitration disclose adverse claim against the Reinsurer pursuant to any third license, permit, agreement, instrument, law, order, judgment or decree to which the Reinsurer is a party or by which the Reinsurer is bound. 2. The Reinsurer shall maintain at all times the minimum capital and surplus required by applicable law. G. The Reinsurer hereby knowingly and voluntarily waives any confidential information disclosed and all defenses to payment under this Contract that are based on misrepresentation and/or nondisclosure as to the subject matter of this Contract at or prior to the Reinsurer's execution and delivery of this Contract, and agrees not to seek rescission of this Contract because of any actual or CIRT 2021-01 to the Reinsurer. Payments by any other party the Reinsurer to an arbitration in the course of an arbitration hereunder without Company or the prior written consent of Insured, or through to the Company or the Insured, shall be deemed payment to the Company or the Insured, as applicable, only to the extent that such other partypayments are actually received by the Company or the Insured, as applicable.

Appears in 2 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of under or in connection with this Agreement relating to the Franchise Maintenance Covenants, or the transactions described herein as to the construction, validity, interpretation breach or meaning, performance, non-performance, enforcement, operation or breachthreatened breach thereof, shall be submitted to arbitration pursuant settled by a Proceeding in a court of competent jurisdiction. All other disputes arising under or relating to the following procedures: i. After a dispute Stadium Agreements, or controversy arisesthe breach or threatened breach thereof, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed settled by such party demanding arbitration, together conducted in Buffalo, New York in accordance with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association as follows: (a) Arbitration will be commenced by a written demand made by any Party upon the other Parties. (b) The arbitration will be submitted to three arbitrators selected by those Parties appearing in the arbitration from the lists of highly experienced commercial arbitrators maintained by the American Arbitration Association, which may include arbitrators on its Large Complex Case Panel, and who reside in New York State. In the event that an insufficient number of qualified arbitrators are available from the State of New York, such that the Parties appearing in the arbitration are unable to agree upon a panel of three arbitrators from said states within forty-five (45) days following the filing of the demand for arbitration, additional arbitrators will be drawn from the national list of arbitrators maintained by the American Arbitration Association from any states contiguous to New York State. (c) The arbitrators will not have power to add to, modify, detract from, terminate or otherwise alter in any way the provisions of the Stadium Agreements. No arbitrator may make an award of punitive or exemplary damages. (d) The arbitrating Parties will each pay for the services of its attorneys and witnesses, plus its proportionate share of the costs relating to the arbitration. (e) The decision or award of the arbitrators shall be incorporated by reference at such hearing entered with a court of competent jurisdiction and will be enforced according to the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyNew York. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.

Appears in 2 contracts

Sources: Stadium Lease, Stadium Lease

Arbitration. All disputes and controversies (a) In the event that such dispute, controversy or difference is not resolved within thirty (30) days after the commencement of every kind and nature discussion between any parties hereto arising out of or in connection with this Agreement among the Representatives or the transactions described herein as to conclusion in good faith of the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to Representatives that amicable resolution of the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitrationcontroversy or difference does not appear likely, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitratorwhichever is earlier, then the second arbitrator dispute, controversy or difference shall be named finally settled by arbitration in accordance with the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association Association. (b) The arbitration shall be incorporated by reference at held in Wilmington, Delaware or such hearing and other location as the substantive laws of the State of Texas (excluding conflict of laws provisions) Disputing Members shall apply. ivmutually agree. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered heard by a panel of three arbitrators, each of whom shall be experienced in the resolution of disputes, controversies and differences relating to telecommunications services. If there are two Disputing Members, one such arbitrator shall be selected by one Disputing Member, one such arbitrator shall be selected by the other Disputing Member and the third arbitrator shall be selected by the arbitrators and selected by the written award thereon Disputing Members. If there are more than two Disputing Members, the three arbitrators shall be made within fifteen selected by the President of the American Arbitration Association. Resolution of the dispute, controversy or difference shall be determined by a majority vote of the arbitration panel. (15c) days after The Disputing Members shall bear equally all fees, costs and expenses of the close arbitration, and each Disputing Member shall bear its own legal expenses and costs of submission all experts and witnesses relating thereto; provided, however, that if the claim of evidence. An any Disputing Member is upheld by the arbitration panel in all material respects, then the arbitration panel may apportion between or among the Disputing Members as such arbitration panel may deem equitable the costs incurred by the prevailing Disputing Member. (d) Any award rendered by a majority of the arbitrators appointed pursuant to this Agreement arbitration panel shall be final and binding on all parties to conclusive upon the proceeding, shall resolve the question of costs of the arbitrators Disputing Members and all related matters, and any judgment on such award may be entered and thereon maybe enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., unless: (i) the parties stipulate award was procured by corruption, fraud or other manifest undue means; (ii) the arbitrators exceeded their powers (it being acknowledged that the provisions of this Section shall be a complete defense arbitrators are entitled to hear any suitdispute, action controversy or proceeding instituted difference relating in any federal, state or local court or before any administrative tribunal with respect way to any controversy or dispute arising out of this Agreement or any Schedule or Exhibit attached hereto); or (iii) the transactions described hereinarbitrators have been guilty of misconduct. The arbitration provisions hereof shall, with respect Disputing Member submitting such dispute shall request the American Arbitration Association to: (y) allow for the Disputing Members to request reasonable discovery pursuant to the rules then in effect under the Federal Rules of Civil Procedure for a period not to exceed sixty (60) days prior to such controversy or disputearbitration, survive and (z) require the termination or expiration of testimony to be transcribed. (e) The fact that arbitration has commenced in accordance with this Agreement. No party to an arbitration may disclose Article 17 shall not impair the existence or results ability of any arbitration hereunder without the prior written consent of the other parties; nor will Member to exercise any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration termination rights in the course of an arbitration hereunder without the prior written consent of such other partyaccordance with Article 13 hereof.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Metropcs Communications Inc), Limited Liability Company Agreement (Metropcs Communications Inc)

Arbitration. All a) In the event that the parties are unable to settle any dispute between them which is under mediation, either party may refer such matter to arbitration as provided herein: i. The Client and the Engineer shall select an arbitrator within ten (10) business days of the submission of a dispute to arbitration under this Section, which arbitrator shall be neutral and independent of the parties. If the parties are unable to agree on an arbitrator, either party shall be at liberty to seek an appointment of an arbitrator upon application under the Arbitration Act, 1991, S.O. 1991, C. 17. ii. The arbitration shall be conducted in accordance with the provisions of the Arbitration Act, 1991, S.O. 1991, C.17, unless the parties otherwise agree. If the issue in dispute is particularly time sensitive, the parties shall, in good faith, take such reasonable steps as may be required to expedite the arbitration process. In any event, all disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall be submitted to the arbitrator within thirty (30) calendar days of the selection of the arbitrator. All arbitration pursuant meetings and proceedings shall be held in the municipality of the Client or a reasonable alternate, at a time and location determined by the parties, but in any event no later than thirty (30) calendar days following the submission of the dispute to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own In addition to the examination of the parties by each other, the arbitration costs panel may examine, in the ordinary course, the parties or either of them and expenses. The the witnesses in the matter referred to the arbitration hearing panel, and the parties and witnesses, if examined, shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyexamined on oath or affirmation. iv. The arbitration hearing shall be concluded panel shall, after full consideration of the issues in dispute, the relevant facts and applicable law, render a decision within ten thirty (1030) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) calendar days after the close of submission of evidence. An award rendered by a majority argument of the arbitrators appointed pursuant issue to this Agreement the arbitrator, which decision shall be final and binding on all the parties and not subject to the proceedingappeal or challenge, shall resolve the except such limited relief provided under Subsection 45(1) (appeal on a question of costs law, with leave) or Section 46 (setting aside award) of the arbitrators and all related mattersArbitration Act, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction1991. v. Except as set forth Each party shall bear is own costs and expenses incurred in Section 15.b.the arbitration, and the parties stipulate that shall share equally in the provisions costs and expenses of this Section shall be a complete defense the arbitrator. vi. Any award of the arbitration panel may, at the instance of either of the parties to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or and without notice to the transactions described herein. The arbitration provisions hereof shallother of them, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to be made an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent Order of the other parties; nor will any party Superior Court of Ontario, pursuant to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course Arbitration Act, 1991 and the Courts of an arbitration hereunder without the prior written consent of such other partyJustice Act, R.S.O. 1990, c.C-43.

Appears in 2 contracts

Sources: Client/Engineer Agreement for Professional Consulting Services, Client/Engineer Agreement for Professional Consulting Services

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. The arbiters may award costs and expenses, including reasonable attorneys' fees and other expenses. v. Except C. If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as set forth in Section 15.bone party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint. D. Each party shall bear the expense of its own arbiter, and shall jointly and equally bear with the other the expense of the umpire and of the arbitration. In the event that the two arbiters are chosen by one party, as above provided, the expense of the arbiters, the umpire and the arbitration shall be equally divided between the two parties. t E. Any arbitration proceedings shall take place at a location mutually agreed upon by the parties stipulate to this Contract, but notwithstanding the location of the arbitration, all proceedings pursuant hereto shall be governed by the law of , not including its choice of law provisos, except that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent internal laws of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in regulation of the course of an arbitration hereunder without the prior written consent of such other partyCompany.

Appears in 2 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes A. As a condition precedent to any right of action hereunder, any irreconcilable dispute or difference of opinion, including formation and controversies validity, and also including, but not limited to, any allegation of every kind and nature between fraud, intentional misrepresentation, unintentional misrepresentation, or any parties hereto other issue whatsoever, arising out of the interpretation, performance or breach of this Contract or any other agreements referenced herein including those referenced in connection with this Agreement or paragraph A of the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Miscellaneous Provisions Article shall be submitted to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who One arbiter shall be an impartial person) appointed chosen by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demandCompany, the other parties shallby the Reinsurer, and an umpire shall be chosen by the two arbiters before they enter upon arbitration, all of whom shall be disinterested active or former officials or experienced individuals who have operated in, or been involved in, business placed in the United States insurance or reinsurance industry for at least 10 years. In the event that either party should fail to choose an arbiter within 30 days following a written notice delivered request by the other party to do so, the first party, name such parties’ arbitrator (requesting party may choose two arbiters who shall be in turn choose an impartial person)umpire before entering upon arbitration. If such parties the two arbiters fail to name agree upon the selection of an arbitratorumpire within 30 days following their appointment, then the second arbitrator two arbiters shall be named by request the American Arbitration Association (to appoint the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAAumpire. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and fails to appoint the substantive laws umpire within 30 days after it has been requested to do so, either party may request a justice of a Court of general jurisdiction of the State of Texas (excluding conflict of laws provisions) shall applystate in which the arbitration is to be held to appoint the umpire. ivB. Each party shall present its case to the arbiters within 30 days following the date of appointment of the umpire. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority decision of the arbitrators appointed pursuant to this Agreement arbiters shall be final and binding on all parties both parties; but failing to agree, they shall call in the proceeding, shall resolve umpire and the question of costs decision of the arbitrators majority shall be final and all related matters, and judgment on such award binding upon both parties. Judgment upon the final decision of the arbiters may be entered and enforced by either party in any court of competent jurisdiction. The arbiters may award costs and expenses, including reasonable attorneys' fees and other expenses. v. Except C. If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers shall, at the option of the Company, constitute and act as set forth in Section 15.bone party for purposes of this Article and communications shall be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint. D. Each party shall bear the expense of its own arbiter, and shall jointly and equally bear with the other the expense of the umpire and of the arbitration. In the event that the two arbiters are chosen by one party, as above provided, the expense of the arbiters, the umpire and the arbitration shall be equally divided between the two parties. E. Any arbitration proceedings shall take place at a location mutually agreed upon by the parties stipulate to this Contract, but notwithstanding the location of the arbitration, all proceedings pursuant hereto shall be governed by the law of the District of Columbia, not including its choice of law provisos, except that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent internal laws of the other parties; nor will any party State of Vermont shall apply to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course regulation of an arbitration hereunder without the prior written consent of such other partyCompany.

Appears in 2 contracts

Sources: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

Arbitration. All disputes and controversies A. As a condition precedent to any right of every kind and nature between action hereunder, any parties hereto irreconcilable dispute arising out of the interpretation, performance or in connection with breach of this Agreement Contract, including the formation or validity thereof, whether arising before or after the transactions described herein as to expiry or termination of the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachContract, shall be submitted for decision to a panel of 3 arbitrators. Notice requesting arbitration pursuant will be in writing and sent by certified mail, return receipt requested, or such reputable courier service as is capable of returning proof of receipt of such notice by the recipient to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration. B. The Company shall have the option to either litigate or arbitrate where: 1. The Reinsurer makes any allegation of misrepresentation, together with a statement non-disclosure, concealment, fraud or bad faith; or 2. The Reinsurer experiences any of the matter circumstances set forth in controversysubparagraphs 1 through 7 of paragraph A of the SPECIAL TERMINATION ARTICLE. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third C. One arbitrator shall be appointed by the AAAeach party. If any either party fails to appoint its arbitrator appointed hereunder shall die, resign, refuse or become unable within 30 days after being requested to act before an arbitration decision is rendered, then the vacancy shall be filled do so by the method set forth in this Section for other party, the original appointment latter, after 10 days notice by certified mail or reputable courier as provided above of such its intention to do so, may appoint the second arbitrator. iiiD. The two arbitrators shall, before instituting the hearing, appoint an impartial third arbitrator who shall preside at the hearing. Each party If the 2 arbitrators are unable to agree upon the third arbitrator within 30 days of their appointment, the Company shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of petition the American Arbitration Association to appoint the third arbitrator. If the American Arbitration Association fails to appoint the third arbitrator within 30 days of being requested to do so, either party may request a district court judge of the federal district court having jurisdiction over the geographical area in which the arbitration is to take place, or if the federal court declines to act, the state court having general jurisdiction in such area to select the third arbitrator from a list of 6 individuals (3 named by each arbitrator previously appointed). All arbitrators shall be incorporated disinterested active or former senior executives of insurance or reinsurance companies or Underwriters at Lloyd’s, London. E. Within 30 days after notice of appointment of all arbitrators, the panel shall meet and determine timely periods for briefs, discovery procedures and schedules for hearings. The panel shall be relieved of all judicial formality and shall not be bound by reference at such hearing the strict rules of procedure and evidence. Unless the panel agrees otherwise, arbitration shall take place in DeRidder, Louisiana but the venue may be changed when deemed by the panel to be in the best interest of the arbitration proceeding. Insofar as the arbitration panel looks to substantive laws law, it shall consider the law of the State of Texas (excluding conflict of laws provisions) shall apply. ivLouisiana. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the decision of any 2 arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award when rendered by a majority of the arbitrators appointed pursuant to this Agreement in writing shall be final and binding on all parties binding. The panel is empowered to grant interim relief as it may deem appropriate. F. The panel shall make its decision considering the proceeding, shall resolve the question of costs custom and practice of the arbitrators applicable insurance and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except reinsurance business as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive promptly as possible following the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other party.the

Appears in 2 contracts

Sources: Interests and Liabilities Agreement (Amerisafe Inc), Interests and Liabilities Agreement (Amerisafe Inc)

Arbitration. All disputes and controversies Section 10.1 If the Grievance is not satisfactorily resolved at Step 2, upon the request of every kind and nature between any parties hereto arising out of or in connection with this Agreement the Union or the transactions described herein as to University, the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, shall Grievance may be submitted to arbitration pursuant to for resolution under the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial then-prevailing Labor Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv“AAA”). The request for arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall must be made in writing within fifteen thirty (1530) days after the close of submission of evidence▇▇▇▇▇▇▇’▇ (or the ▇▇▇▇▇▇▇’▇ designee) answer in Step 2. An award rendered Unless otherwise agreed in writing by a majority mutual agreement of the arbitrators appointed pursuant Union and University, only one (1) grievance shall be submitted in a single arbitration and separately submitted grievances shall not be consolidated and/or merged before the same arbitrator. A Union request for arbitration will be sent to the Associate Vice President of Human Resources. Section 10.2 If the Union and the University cannot agree upon an impartial arbitrator, an arbitrator shall be selected by AAA in accordance with the then-prevailing Labor Arbitration Rules of AAA. Section 10.3 The arbitrator shall have no power to add to, to subtract from, modify, vary, remove or change any of the terms or provisions of this Agreement. The arbitrator shall have jurisdiction only over Grievances as defined in Article IX (Grievance Procedure). The scale of wages established by this Agreement shall not be changed by any arbitration decision. The award shall be based on the questions raised by the parties in respect to the specific interpretation and application of this Agreement. The arbitrator’s decision will be final and binding on upon all Adjunct Faculty members, the Union, and the University. Section 10.4 The arbitrator shall hear the Grievance as expeditiously as possible and shall render a written decision within thirty (30) Days after the conclusion of the hearing or submission of briefs (whichever is later), unless otherwise extended in writing by mutual agreement of the Union and the University. Section 10.5 The fees and expenses of the American Arbitration Association and the arbitrator shall be shared equally by the parties. Each party will bear its own expenses of representation and presentation of its case, including witnesses, and including the cost of any transcript for the party’s own use. Where both parties desire a transcript, they shall share the cost equally. Section 10.6 Any award for back pay shall have deducted therefrom any unemployment compensation or other compensation that the aggrieved Adjunct Faculty member may have received from any source during the period for which back pay is claimed; provided that no compensation shall be deducted from any award for back pay to the proceeding, shall resolve extent the question of costs Adjunct Faculty member received compensation for (a) teaching that the Adjunct was contractually obligated to perform as of the arbitrators and all related matters, and judgment on such award may date the Adjunct was notified s/he would not be entered and enforced by either party in any court of competent jurisdictionteaching the course giving rise to the grievance or (b) non-teaching work. v. Except as set forth in Section 15.b.10.7 Adjunct Faculty members shall not miss a class to attend or prepare for an arbitration. Accordingly, the parties stipulate agree that they will make every reasonable effort to schedule arbitrations at times that do not conflict with the provisions teaching schedules of this Section shall Adjunct Faculty members who either party anticipates will be attending the arbitration as a complete defense to any suit, action grievant or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partywitness.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement

Arbitration. All disputes and controversies of every kind and nature between any parties hereto Any controversy, claim or dispute arising out of or in connection with this Agreement or the transactions described herein as to the constructionRegistration Rights Agreement, including any question regarding its existence, validity, interpretation interpretation, breach, or meaning, performance, non-performance, enforcement, operation or breachtermination, shall be submitted referred to arbitration pursuant to and finally resolved in accordance with the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial International Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing Association, and judgment upon the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award arbitral tribunal may be entered by any court having jurisdiction thereof or having jurisdiction over any party or any party's assets. (a) The tribunal shall consist of three arbitrators, two of whom shall be appointed by the respective parties and enforced the third, who shall be the chairperson of the tribunal, by the two party-appointed arbitrators within 30 days of the last of their appointments. Save that, if either party should fail to appoint an arbitrator within 30 days of receiving written notice of the appointment of an arbitrator by the other party, the second arbitrator shall, at the written request of the party which has already made an appointment, be appointed forthwith by the American Arbitration Association. Likewise, if the party-appointed arbitrators fail to make an agreed appointment for the chairperson within 30 days of the last of their appointments, the chairperson shall, at the written request of either party, be appointed forthwith by the American Arbitration Association. (b) The place of arbitration shall be New York, New York. (c) This arbitration clause and the conduct of the arbitral proceedings shall be governed by the Federal Arbitration Act, 9 U.S.C.A. sec. 1 et seq. (d) The language of the arbitration shall be English. (e) Nothing in these dispute resolution provisions shall be construed as preventing either party from seeking conservatory or similar interim relief in any court of competent jurisdiction. v. Except as set forth in Section 15.b.(f) To the extent practicable, the parties stipulate arbitral tribunal shall render its award no more than 60 calendar days from the date that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative three member tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described hereinis constituted. The arbitration provisions hereof shall, with respect arbitral tribunal shall not lose jurisdiction over the matter based on a failure to such controversy or dispute, survive the termination or expiration of render an award within this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partytime period.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Practice Works Inc), Stock Purchase Agreement (Practice Works Inc)

Arbitration. All disputes and controversies of every kind and nature between Without prejudice to Section 15.4, any parties hereto Dispute arising out of or in connection with relating to this Agreement Agreement, or the transactions described herein breach thereof, which cannot otherwise be resolved as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, provided above shall be submitted to resolved by binding arbitration pursuant to conducted in accordance with the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name commercial arbitration rules of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAAArbitrator”). The two arbitrators so selected shall name a third arbitrator ) (who shall be an impartial person) within 30 daysor, or in lieu solely to the extent the Arbitrator is no longer operating at the time of such agreement on a third arbitrator Dispute, any other major international arbitration institution agreed by the two arbitrators so appointed, Parties) and judgment upon the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award arbitral tribunal may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shallshall be conducted by a single arbitrator appointed in accordance with such rules; provided, however, that if either Party requests the arbitration to be conducted by a panel of three arbitrators, one will be appointed by each Party and the third will be appointed in accordance with respect such rules. The place of arbitration shall be New York, New York, United States of America ,unless the Parties shall have agreed to another location within fifteen (15) calendar days from the first referral of the dispute to the Arbitrator. The decision or award made by the arbitrator or arbitrators shall be written, final and binding, and the Parties waive any right to appeal the arbitral award, to the extent a right to appeal may be lawfully waived. The costs of any arbitration, including administrative fees and fees of the arbitrator or arbitrators, shall be shared equally by the Parties, unless otherwise specified by the arbitrator or arbitrators. If the Party initiating the arbitration is determined in the arbitral award to have lost the Dispute, such controversy or disputeParty shall pay the other Party’s attorneys’ and expert fees. Otherwise, survive each Party shall bear the termination or expiration cost of its own attorneys’ and expert fees. Each Party retains the right to seek judicial assistance: (a) to compel arbitration; and (b) to enforce any decision of the arbitrator, including the final award. The arbitration proceedings contemplated by this AgreementSection 13.2 shall be as confidential and private as permitted by law. No party to an arbitration may To that end, the Parties shall not disclose the existence existence, content or results of any arbitration hereunder without proceedings conducted in accordance with this Section 13.2, and deem that all materials submitted in connection with such proceedings are for the prior written consent purpose of settlement and compromise; provided, however, that this confidentiality provision shall not prevent a petition to vacate or enforce an arbitral award, and shall not bar disclosures required by law (including any rule, regulation or policy statement of any national securities exchange, market or automated quotation system on which the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyReceiving Party’s securities are listed or quoted).

Appears in 2 contracts

Sources: Lodging Outsourcing Agreement (Despegar.com, Corp.), Lodging Outsourcing Agreement (Despegar.com, Corp.)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto (a) Any dispute, controversy, or claim arising out of or relating to this Guaranty, or the breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the American Arbitration Associations Commercial Arbitration Rules then in effect (the “AAA Rules”), only to the extent not inconsistent with the other provisions of this Section . The arbitration shall be governed by the United States Arbitration Act, 9 U.S.C. §§ 1 et seq. (the “Act”), and the laws of the State of Alaska shall be applied by the arbitrators in resolving the substantive issues raised by such dispute, controversy or claim. All proceedings in any such arbitration shall be held in Fairbanks or Anchorage, Alaska, as mutually agreed between the parties or, failing such agreement, by the arbitrator or panel of arbitrators appointed as described below. Judgment upon the award rendered by the arbitrators may be entered, and such judgment enforced, in any court having jurisdiction thereof. Any dispute regarding whether any issue arising under this Guaranty or in connection with this Agreement or the transactions described contemplated herein as is subject to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, arbitration under this Section shall be submitted to resolved by arbitration pursuant to in the following procedures:manner described in this Section. i. After a dispute or controversy arises, any (b) The party may, in a desiring arbitration shall give written notice delivered to that effect to the other party and the parties shall attempt to agree on the dispute, demand such arbitrationappointment of a single arbitrator. Such notice shall designate If the name of the arbitrator parties have not so agreed within seven (who shall be an impartial person7) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt service of such demandnotice, each party shall notify, the other parties shall, party in a written notice delivered writing of the name and address of the person designated to the first party, name act as arbitrator on its behalf within seven days of such parties’ arbitrator (who shall be an impartial person)failure to agree. If such parties fail either party fails to name an arbitratornotify the other party of the appointment of its arbitrator within the time specified above, then the second appointment of such party’s arbitrator shall be named made by the American Arbitration Association (the “AAA”)Association. The If two arbitrators so selected are designated or appointed, the two arbitrators shall name together appoint a third arbitrator. If the two arbitrators are unable to agree upon the appointment of a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so five days after both have been designated as appointed, the third arbitrator shall be appointed selected by the AAAAmerican Arbitration Association. If any an arbitrator fails, refuses or is unable to act, a new arbitrator shall be appointed as provided in the AAA Rules. Each arbitrator designated or appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then be impartial and competent and shall have recognized expertise in the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority subject matter of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall arbitration such expertise to be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such matters arising in Alaska where relevant. (c) The parties shall utilize the discovery provisions of the Federal Rules of Civil Procedure for the Federal District of Alaska then in effect in all arbitrations hereunder; provided, however, that the time periods provided in such rules may be shortened in the discretion of the arbitrator or arbitrators so that all discovery is completed not later than one (1) week prior to the hearing. The arbitrator or arbitrators shall commence their hearing within three months after the appointment of the last arbitrator. Not later than one week prior to the hearing date, each party shall serve on each arbitrator and on the opposing party such party’s statement of facts, issues and list of witnesses and exhibits, which exhibits shall be made available for inspection and copying at the location of the arbitration proceedings by the opposing party at all reasonable hours after 9 a.m., local time on the day following the date of the service of such list. The arbitrator or arbitrators shall deliver their decision and award within one month after completion of the hearing and shall give prompt notice of their decision to each party accompanied by findings of fact and conclusions of law. Except as otherwise provided in the Act, any decision and award of a sole arbitrator or in which two arbitrators concur shall in all cases be final, binding and conclusive upon the parties and the parties agree to abide by the award. The time periods provided in this paragraph (c) may be shortened if, in the discretion of the arbitrator or arbitrators, the subject matter of the dispute, controversy or dispute, survive claim so justifies. (d) The fees and expenses of the termination arbitrator appointed by or expiration on behalf of this Agreementone party shall be borne by such party. No party to an arbitration may disclose the existence or results The fees and expenses of any arbitration hereunder without the prior written consent sole arbitrator or of any third arbitrator and all other costs of the other parties; nor will arbitration proceedings, including but not limited to costs of a transcript of all or any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent portion of such other partyproceedings, shall be borne by both parties equally, unless the arbitrator or arbitrators otherwise decide.

Appears in 2 contracts

Sources: Mining Lease, Mining Lease

Arbitration. All disputes A. Any dispute or other matter in question between the Company and controversies of every kind and nature between any parties hereto the Reinsurer arising out of of, or in connection with this Agreement or relating to, the transactions described herein as to the constructionformation, validity, interpretation or meaninginterpretation, performance, non-performanceor breach of this Agreement, enforcement, operation whether such dispute arises before or breachafter termination of this Agreement, shall be submitted to arbitration pursuant to settled by arbitration. Arbitration shall be initiated by the following procedures: i. After a dispute or controversy arises, any party may, in delivery of a written notice delivered of demand for arbitration by one party to the other parties to within a reasonable time after the dispute has arisen. B. If more than one reinsurer is involved in the same dispute, demand all such arbitration. Such notice reinsurers shall designate constitute and act as one party for the name purposes of this Article, provided, however, that nothing herein shall impair the rights of such reinsurers to assert several, rather than joint, defenses or claims, nor be construed as changing the liability of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement Reinsurer under the terms of the matter in controversythis Agreement from several to joint. iiC. Except as set forth in Article III, each party shall appoint an individual as arbitrator and the two so appointed shall then appoint a third arbitrator. Within 30 days after receipt of such demandIf either party refuses or neglects to appoint an arbitrator within 60 days, the other parties shall, in a written notice delivered to party may appoint the first party, name such parties’ arbitrator (who shall be an impartial person)second arbitrator. If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement do not agree on a third arbitrator by within 60 days of the appointment of the second arbitrator, each of the arbitrators shall nominate three individuals. If the two arbitrators so appointedare unable to agree upon the third arbitrator within thirty (30) days of their appointment, the third arbitrator shall be appointed selected from a list of six individuals (three named by each arbitrator) by a judge of the AAAUnited States District Court having jurisdiction over the geographical area in which the arbitration is to take place, or if that court declines to act, the state court having general jurisdiction in such area. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy The arbitrators shall be filled by active or retired officers of insurance or reinsurance companies or Lloyd’s of London Underwriters; the method set forth arbitrators shall not have a personal or financial interest in this Section for the original appointment result of such arbitratorthe arbitration. iiiD. The arbitration hearings shall be held in New York, New York, or such other place as may be mutually agreed. Each party shall bear submit its own arbitration costs and expenses. The arbitration hearing shall case to the arbitrators within 60 days of the selection of the third arbitrator or within such longer period as may be held in Dallas, Texas at a location designated agreed by a majority of the arbitrators. The Commercial Arbitration Rules arbitrators shall not be obliged to follow judicial formalities or the rules of evidence except to the extent required by governing law, that is, the state law of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws situs of the State arbitration as herein agreed; they shall make their decisions according to the practice of Texas (excluding conflict of laws provisions) shall apply. ivthe reinsurance business. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award decision rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties both parties. Such decision shall be a condition precedent to the proceeding, shall resolve the question any right of costs legal action arising out of the arbitrators and all related matters, and judgment on such arbitrated dispute which either party may have against the other. Judgment upon the award rendered may be entered and enforced by either party in any court of competent jurisdictionhaving jurisdiction thereof. v. E. Each party shall pay the fee and expenses of its own arbitrator and one-half of the fee and expenses of the third arbitrator. All other expenses of the arbitration shall be equally divided between the parties. F. Except as set forth in Section 15.b.provided above, the parties stipulate that the provisions of this Section arbitration shall be a complete defense to any suitbased, action or proceeding instituted in any federalinsofar as applicable, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or upon the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent procedures of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyAmerican Arbitration Association.

Appears in 2 contracts

Sources: Quota Share Reinsurance Agreement (CastlePoint Holdings, Ltd.), Quota Share Reinsurance Agreement (CastlePoint Holdings, Ltd.)

Arbitration. All disputes and controversies of every kind and nature between any parties Any controversy, claim or dispute involving the Parties hereto (or their Affiliates) arising out of or in connection with relating to this Agreement Agreement, or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breachsubject matter thereof, shall be submitted solely and exclusively settled by a binding arbitration held in Denver, Colorado to arbitration pursuant to the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named administered by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who Such arbitration shall be an impartial personconducted in accordance with the then-existing Employment Arbitration Rules of the AAA, with the following exceptions if in conflict: (a) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed selected by the AAA. If any arbitrator appointed hereunder mutual agreement of the Parties; if the Parties cannot agree on an arbitrator, the Parties shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled alternately strike names from a list provided by the method set forth AAA until only one name remains; (b) the Company shall pay fees and administrative costs charged by the arbitrator and American Arbitration Association; and (c) arbitration may proceed in this Section for the original appointment absence of any Party if written notice (pursuant to AAA rules and regulations) of the proceedings has been given to such arbitrator. iiiParty. Each party Party shall bear its own arbitration costs attorney fees and expenses. The arbitration hearing arbitrator shall be held have the power to award any remedies available under applicable law. In addition, the arbitrator shall award attorneys’ fees and costs to the prevailing party, in Dallas, Texas at a location designated an amount no greater than allowable by a majority of the arbitratorslaw. The Commercial Arbitration Rules of Parties hereto agree that the American Arbitration Association shall be incorporated arbitrator will allow only such discovery as is required by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. ivlaw. The Parties agree to abide by all decisions and awards rendered ​ in such arbitration hearing shall be concluded within ten (10) days unless otherwise ordered proceedings. Such decisions and awards rendered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement arbitrator shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators conclusive. This dispute resolution process and all related matters, and judgment on such award may be entered and enforced by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section arbitration hereunder shall be a complete defense to confidential and neither any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or Party nor the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may neutral arbitrator shall disclose the existence existence, contents or results of any arbitration hereunder such process without the prior written consent of all Parties. Notwithstanding the other parties; nor will any party foregoing, claims of worker’s compensation and unemployment compensation benefits shall not be subject to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration in the course of an arbitration hereunder without the prior written consent of such other partyunder this Agreement.

Appears in 2 contracts

Sources: Executive Employment Agreement (MedTech Acquisition Corp), Executive Employment Agreement (MedTech Acquisition Corp)

Arbitration. All disputes and controversies of every kind and nature between any The parties hereto arising out of agree that all questions or matters in connection with this Agreement or the transactions described herein dispute as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation effect or breach, any provision of this Agreement shall be submitted finally settled by arbitration in the manner hereinafter set forth. If either of the Optionee or the Optionor wishes to arbitration pursuant submit a matter to the following procedures: i. After a dispute or controversy arisesarbitration, any then such party may, in a written notice delivered shall give to the other parties to the dispute, demand such arbitration. Such notice shall designate the name of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator by the two arbitrators so appointed, the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. iv. The arbitration hearing shall be concluded within not less than ten (10) days unless otherwise ordered by days' prior written notice of intention to do so, the arbitrators party giving notice shall nominate one arbitrator and the written award thereon other shall be made within fifteen (15) days after receiving such notice nominate another arbitrator. The two arbitrators so nominated shall within the close next thirty (30) days unanimously agree on the appointment of submission a third arbitrator to act with them and to be chairman of evidencethe arbitration. An If either of the Optionee or the Optionor shall fail to nominate an arbitrator within fifteen (15) days after receiving notice of the nomination of the first arbitrator, the first arbitrator shall be the only arbitrator, and if two arbitrators are nominated but shall be unable to agree unanimously on the appointment of the chairman, the chairman shall be appointed under the provisions of the Commercial Arbitration Act (British Columbia). In all other respects, the arbitration shall be conducted in accordance with such Act and the chairman or, in the case whereby only one arbitrator is nominated, the single arbitrator shall fix a time and place in Vancouver, British Columbia for the purpose of hearing evidence and representations and he shall preside over the arbitration and determine all questions of procedure not provided for under such Act. The parties agree that the award rendered by of a majority of arbitrators or, in the arbitrators appointed case of a single arbitrator of the said arbitrator shall be binding upon each of them both as to law and fact and there shall be no appeal therefrom. Judgment or any award rendered pursuant to this Agreement shall be final and binding on all parties to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such award arbitration proceedings may be entered and enforced by either party in into any court of competent jurisdiction. v. Except as set forth in Section 15.b., jurisdiction or application made to such court for Judicial acceptance of the award and an order of enforcement. The costs of arbitration shall be borne equally by the parties stipulate that unless otherwise determined by the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration arbitrator(s) in the course of an arbitration hereunder without the prior written consent of such other partyaward.

Appears in 2 contracts

Sources: Option Agreement (Investnet Inc), Option Agreement (Investnet Inc)

Arbitration. (a) All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with under this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, Article XI shall be submitted to settled by binding arbitration pursuant to the following procedures: i. After rules of the American Arbitration Association. Arbitration may be commenced at any time by any Party hereto giving written notice to each other Party to a dispute or controversy arisesof its demand for arbitration, any party may, in a written notice delivered to the other parties to the dispute, which demand such arbitration. Such notice shall designate set forth the name and address of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. iiits arbitrator. Within 30 twenty (20) days after receipt of such demandnotice, the other parties shallParty shall select its arbitrator and so notify the demanding Party. Within twenty (20) days thereafter, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”). The two arbitrators so selected shall name a select the third arbitrator. In default of either side naming its arbitrator (who shall be an impartial person) within 30 days, as aforesaid or in lieu default of such agreement on a third arbitrator by the two arbitrators so appointed, selection of the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall dieas aforesaid, resign, refuse or become unable to act before an arbitration decision is rendered, then the vacancy shall be filled by the method set forth in this Section for the original appointment of such arbitrator. iii. Each party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority of the arbitrators. The Commercial Arbitration Rules of the American Arbitration Association shall be incorporated designate such arbitrator upon the application of either party. Any arbitration proceeding hereunder shall take place in Suffolk County, New York or San Diego, California or such other location as agreed to by reference at such hearing and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall apply. ivParties. The arbitration hearing dispute shall be concluded within ten (10) days unless otherwise ordered heard by the arbitrators and within thirty (30) days after selection of the written award thereon third arbitrator. The decision of the arbitrators shall be made rendered within fifteen thirty (1530) days after the close hearing. Each Party shall pay its own expenses of submission arbitration and the expenses of evidence. An award rendered by the arbitrators shall be equally shared; provided, however, that if, in the opinion of the majority of the arbitrators, any claim for indemnification or any defense or objection thereto was unreasonable, the arbitrators may assess, as part of their award, all or any part of the arbitration expenses of the other Party (including reasonable attorneys' fees) and of the arbitrators against the Party raising such unreasonable claim, defense or objection. (b) To the extent that arbitration may not be legally permitted hereunder or contractually permitted under any insurance policy providing coverage, and the parties to any dispute hereunder may not at the time of such dispute mutually agree to submit such dispute to arbitration, any party may commence a civil Action in a court of appropriate jurisdiction to resolve disputes hereunder. (c) The decision of a majority of the arbitrators appointed pursuant to this Agreement shall be final final, binding and binding on all parties to the proceedingconclusive, shall resolve the question of costs of the arbitrators and all related mattersbe specifically enforceable, and judgment on such award may be entered and enforced by either party upon it in any court of competent jurisdiction. v. Except as set forth in Section 15.b., the parties stipulate that the provisions of this Section shall be a complete defense to any suit, action or proceeding instituted in any federal, state or local court or before any administrative tribunal accordance with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shall, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may disclose the existence or results of any arbitration hereunder without the prior written consent of the other parties; nor will any party to an arbitration disclose to any third party any confidential information disclosed by any other party to an arbitration applicable law in the course appropriate court in the States of an arbitration hereunder without the prior written consent New York and California with no right of such other partyappeal therefrom.

Appears in 2 contracts

Sources: Share Exchange Agreement (Edison Renewables Inc), Share Exchange Agreement (Edison Renewables Inc)

Arbitration. All disputes and controversies of every kind and nature between any parties hereto arising out of or in connection with this Agreement or the transactions described herein as to the construction, validity, interpretation or meaning, performance, non-performance, enforcement, operation or breach, (i) Any Dispute referred for arbitration shall be submitted to finally resolved by binding arbitration pursuant to in accordance with the following procedures: i. After a dispute or controversy arises, any party may, in a written notice delivered to the other parties to the dispute, demand such arbitration. Such notice shall designate the name most applicable rules of the arbitrator (who shall be an impartial person) appointed by such party demanding arbitration, together with a statement of the matter in controversy. ii. Within 30 days after receipt of such demand, the other parties shall, in a written notice delivered to the first party, name such parties’ arbitrator (who shall be an impartial person). If such parties fail to name an arbitrator, then the second arbitrator shall be named by the American Arbitration Association (the “AAA”)) and judgment on the arbitration award may be entered in any court having jurisdiction. (ii) The arbitration shall be conducted by a panel of three (3) people experienced in the business of biopharmaceuticals. The If the issues in dispute involve scientific, technical or commercial matters, then any arbitrator chosen under this Agreement shall have educational training and/or industry experience sufficient to demonstrate a reasonable level of relevant scientific, technical and commercial knowledge as applied to the pharmaceutical industry. If the issues in dispute involve patent matters, then at least one (1) of the arbitrators CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. DEVELOPMENT AND OPTION AGREEMENT shall be a licensed patent attorney or otherwise knowledgeable about patent law matters. Within [***] days after a Party demands arbitration, each Party shall select one person to act as arbitrator, and the two Party-selected arbitrators so selected shall name select a third arbitrator (who shall be an impartial person) within 30 days, or in lieu of such agreement on a third arbitrator [***] days after their own appointment. If the arbitrators selected by the two arbitrators so appointedParties are unable or fail to agree upon the third arbitrator, then the third arbitrator shall be appointed by the AAA. If any arbitrator appointed hereunder shall die, resign, refuse or become unable to act before an The place of arbitration decision is rendered, then the vacancy shall be filled by Boston, Massachusetts. All proceedings and communications as part of the method set forth arbitration shall be in this Section for English. Following selection of the original appointment of such third arbitrator, the arbitrators shall complete the arbitration proceedings and render an award within [***] months after the last arbitrator is appointed. (iii. ) Each party Party shall bear its own arbitration costs and expenses. The arbitration hearing shall be held in Dallas, Texas at a location designated by a majority expenses and attorneys’ fees and an equal share of the arbitrators. The Commercial Arbitration Rules of ’ fees and any administrative fees or arbitration, unless in each case the American Arbitration Association shall arbitrators agree otherwise, which they are hereby empowered, authorized and instructed to do if they determine that to be incorporated by reference at such hearing fair and the substantive laws of the State of Texas (excluding conflict of laws provisions) shall applyappropriate. (iv. The arbitration hearing shall be concluded within ten (10) days unless otherwise ordered by the arbitrators and the written award thereon shall be made within fifteen (15) days after the close of submission of evidence. An award rendered by a majority of the arbitrators appointed pursuant to this Agreement shall be final and binding on all parties Except to the proceeding, shall resolve the question of costs of the arbitrators and all related matters, and judgment on such extent necessary to confirm an award or as may be entered and enforced required by either party in any court of competent jurisdiction. v. Except as set forth in Section 15.b.law, the parties stipulate that the provisions of this Section shall be a complete defense to any suitregulation, action or proceeding instituted in any federal, state or local court or before any administrative tribunal with respect to any controversy or dispute arising out of this Agreement or the transactions described herein. The arbitration provisions hereof shallrequirement of any exchange on which a Party’s shares are traded, with respect to such controversy or dispute, survive the termination or expiration of this Agreement. No party to an arbitration may neither Party shall disclose the existence existence, content or results of any an arbitration hereunder under this Agreement without the prior written consent of the other parties; nor will any party to Party. (v) In no event shall an arbitration disclose to any third party any confidential information disclosed be initiated after the date when commencement of a legal or equitable proceeding based on the subject matter of the Dispute would be barred by any other party to an arbitration in the course applicable statute of an arbitration hereunder without the prior written consent of such other partylimitations under New York law.

Appears in 2 contracts

Sources: Development and Option Agreement (Surface Oncology, Inc.), Development and Option Agreement (Surface Oncology, Inc.)