Common use of Binding Award Clause in Contracts

Binding Award. The award of the arbitrators shall be final and binding on the parties to the arbitration, their successors and assigns and there shall be no appeal therefrom with respect to any controversy. The costs of arbitration, and which party or parties shall bear the costs and expenses or if all of the parties shall share the costs and expenses and, if so, in what proportion, shall be decided by the arbitrators taking into strict account the provisions of this Lease.

Binding Award. The award of the arbitrators shall be final and binding on upon the parties to the arbitrationparties, their successors and assigns and there shall a judgment of which may be no appeal therefrom with respect to entered in any controversy. The costs of arbitration, and which party or parties shall bear the costs and expenses or if all of the parties shall share the costs and expenses and, if so, in what proportion, shall be decided by the arbitrators taking into strict account the provisions of this Leasecourt having jurisdiction thereof.