Common use of Decision Binding Clause in Contracts

Decision Binding. The decision of the arbitrators, or the majority thereof, made in writing shall be final and binding upon the parties hereto as to the questions submitted, and Buyer and Seller will abide by and comply with such decision. The prevailing party shall be entitled to recoup all of the expenses of arbitration, including reasonable compensation to the arbitrators, expenses of counsel, witnesses, and employees.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Lone Star International Energy Inc), Purchase and Sale Agreement (Lone Star International Energy Inc), Purchase and Sale Agreement (Lone Star International Energy Inc)

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Decision Binding. The decision of the arbitrators, or the majority thereof, made in writing shall be final and binding upon the parties hereto Parties as to the questions submitted, shall be enforceable against any Party in any court of competent jurisdiction, and Buyer and Seller will abide by and comply with such decision. The prevailing party shall be entitled to recoup all of the expenses of arbitration, including reasonable compensation to the arbitrators, expenses of counsel, witnesses, and employeesshall be borne equally by the Parties.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Eastern American Natural Gas Trust), Purchase and Sale Agreement (Eastern American Natural Gas Trust)

Decision Binding. The decision of the arbitrators, or the majority ------------------ thereof, made in writing shall be final and binding binding, upon the parties hereto as to the questions submitted, and Buyer and Seller will abide by and comply with such decision. The prevailing party shall be entitled to recoup all of the expenses of arbitration, including reasonable compensation to the arbitrators, shall be borne equally by the parties hereto, except that each party shall bear the compensation and expenses of its own counsel, witnesses, and employees.

Appears in 2 contracts

Samples: Asset Transfer Agreement (Sunburst Acquisitions Ii Inc), Asset Transfer Agreement (Sunburst Acquisitions Ii Inc)

Decision Binding. The decision of the arbitrators, or the majority thereof, made in writing shall be final and binding upon the parties Parties hereto as to the questions submitted, and Buyer and Seller will abide by and comply with such decision. The prevailing party Party shall be entitled to recoup all of the expenses of arbitration, including reasonable compensation to the arbitrators, expenses of counsel, witnesses, and employees. [Remainder of page intentionally left blank. Signatures follow.]

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Baseline Oil & Gas Corp.), Purchase and Sale Agreement (Baseline Oil & Gas Corp.)

Decision Binding. The decision of the arbitrators, or the majority thereof, made in writing shall be final and binding upon the parties hereto as to the questions submitted, and Buyer and Seller will abide by and comply with such decision. The prevailing party shall be entitled to recoup all of the expenses of arbitration, including recover reasonable compensation to the arbitrators, expenses of counsel, witnesses, attorneys' fees and employeesexpenses.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Costilla Energy Inc)

Decision Binding. The decision of the arbitrators, or the majority thereof, made in writing shall be final and binding upon the parties hereto as to the questions submitted, and Buyer and Seller Sellers will abide by and comply with such decision. The prevailing party shall be entitled to recoup all of the expenses of arbitration, including reasonable compensation to the arbitrators, shall be borne equally by the parties hereto, except that each party shall bear the compensation and expenses of its own counsel, witnesses, and employees.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Vector Energy Corp /Texas/)

Decision Binding. The decision of the arbitrators, or the majority thereof, made in writing shall be final and binding upon the parties hereto as to the questions submitted, and Buyer and Seller will abide by and comply with such decision. The prevailing party shall be entitled to recoup all of the expenses of arbitration, including reasonable compensation to the arbitrators, shall be borne equally by the parties hereto, except that each party shall bear the compensation and expenses of its own counsel, witnesses, and employees.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Membership Interests (BMC, Ltd.)

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Decision Binding. The decision of the arbitrators, or the majority thereof, made in writing shall be final and binding upon the parties hereto as to the questions submitted, and Buyer Assignee and Seller Assignor will abide by and comply with such decision. The prevailing party shall be entitled to recoup all of the expenses of arbitration, including reasonable compensation to the arbitrators, shall be borne equally by the parties hereto, except that each party shall bear the compensation and expenses of its own counsel, witnesses, and employees.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Vtex Energy Inc)

Decision Binding. The decision of the arbitrators, or the majority thereof, made in writing shall be final and binding upon the parties hereto Parties as to the questions submitted, and Buyer and Seller the Parties will abide by and comply with such decision. The prevailing party Party shall be entitled to recoup all of be paid by the expenses of arbitration, including other Party for its reasonable compensation to the arbitrators, expenses of counsel, witnesses, attorneys' fees and employeesexpenses.

Appears in 1 contract

Samples: Acquisition and Exploration Agreement (Costilla Energy Inc)

Decision Binding. The decision of the arbitrators, or the majority thereof, made in writing shall be final and binding upon the parties hereto as to the questions submitted, and Buyer Assignee and Seller Assignor will abide by and comply with such decision. The prevailing party shall be entitled to recoup all of the expenses of arbitration, including reasonable compensation to the arbitrators, shall be borne equally by the parties hereto, except that, to the extent applicable, each party shall bear the compensation and expenses of its own counsel, witnesses, and employees.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Vtex Energy Inc)

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