Common use of Governing Law; Dispute Resolution Clause in Contracts

Governing Law; Dispute Resolution. This Limited Guaranty shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. Any disputes, actions and proceedings against any party or arising out of or in any way relating to this Limited Guaranty shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”). The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 6 contracts

Samples: Limited Guaranty (Right Advance Management Ltd.), Limited Guaranty (Right Advance Management Ltd.), Limited Guaranty (Idg-Accel China Growth Fund Ii L P)

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Governing Law; Dispute Resolution. This (a) Subject to Section ‎13‎(b), this Limited Guaranty Guarantee and all disputes or controversies arising out of or relating to this Limited Guarantee or the transactions contemplated hereby shall be interpreted, construed and governed by, by and construed in accordance with, with the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether Laws of the State of New York or any other jurisdiction) without regard to the conflict of Law principles thereof that would cause subject such matter to the application Laws of the laws of any jurisdiction other than the State of New Yorkanother jurisdiction. Any disputes, actions and proceedings against any party or arising out of or in any way relating to this Limited Guaranty Guarantee shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC (the “Rules”) in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”)‎13. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third (3rd) Arbitrator will be nominated jointly by the first two (2) Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two (2) Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third (3rd) Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 4 contracts

Samples: Limited Guarantee (Centurium Capital Partners 2018, L.P.), Limited Guarantee (Chow Joseph), Limited Guarantee (CITIC Capital Holdings LTD)

Governing Law; Dispute Resolution. This (a) Subject to Section 13(b), this Limited Guaranty Guarantee shall be interpreted, construed and governed by, by and construed in accordance with, with the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether Laws of the State of New York or any other jurisdiction) without regard to the conflict of Law principles thereof that would cause subject such matter to the application Laws of the laws of any jurisdiction other than the State of New Yorkanother jurisdiction. Any disputes, actions and proceedings against any party or arising out of or in any way relating to this Limited Guaranty Guarantee shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC (the “Rules”) in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”)13. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 4 contracts

Samples: Limited Guarantee (Tencent Holdings LTD), Limited Guarantee (Bitauto Holdings LTD), Limited Guarantee (Zhang Bing)

Governing Law; Dispute Resolution. This (a) Subject to Section 13(b), this Limited Guaranty Guarantee and all disputes or controversies arising out of or relating to this Limited Guarantee or the transactions contemplated hereby shall be interpreted, construed and governed by, by and construed in accordance with, with the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether Laws of the State of New York or any other jurisdiction) without regard to the conflict of Law principles thereof that would cause subject such matter to the application Laws of the laws of any jurisdiction other than the State of New Yorkanother jurisdiction. Any disputes, actions and proceedings against any party or arising out of or in any way relating to this Limited Guaranty Guarantee shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC (the “Rules”) in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”)13. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third (3rd) Arbitrator will be nominated jointly by the first two (2) Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two (2) Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third (3rd) Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 3 contracts

Samples: Limited Guarantee (Parfield International LTD), Limited Guarantee (Hillhouse Capital Advisors, Ltd.), Limited Guarantee (Temasek Holdings (Private) LTD)

Governing Law; Dispute Resolution. This Limited Guaranty The interpretation and application of this Employment shall be governed by, and construed in accordance with, by the laws of the State of New York, York without giving effect regard to any choice principles of law or other conflict of law provision or rule (whether laws, other than laws which violate a fundamental public policy of the State state of New York employ, in which case such state’s laws shall govern with regard to such policies. Except for claims requesting injunctive relief, any dispute or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. Any disputes, actions and proceedings against any party or claim arising out of of, in connection with, or in any way relating to this Limited Guaranty Agreement (including without limitation its subject matter, interpretation, or formation) or to Executive’s employment or relationship with the Company shall be submitted resolved by binding arbitration to be held in or around Farmingdale, New York, before three (3) arbitrators selected by the Hong Kong International American Arbitration Centre (“HKIAC”) and resolved Association, conducted in accordance with the then-prevailing Employment Arbitration Rules and Mediation Procedures of HKIAC in force at the relevant time and as may American Arbitration Association. A copy of these rules can be amended by this Section 9 accessed through the American Arbitration Association’s website (the “HKIAC Rules”xxx.xxx.xxx). The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator arbitrators’ decision will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon in accordance with the disputing parties. Any party to an award Federal Arbitration Act and may apply to be enforced in any court of competent jurisdiction for enforcement of such award and, for purposes jurisdiction. The arbitrators will not have the right to modify or change any of the enforcement terms of such awardthis Employment Agreement. The arbitrators, and not any court, shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability or formation of this Employment Agreement including any claim that all or any part of this Agreement is void or voidable. The parties agree that the arbitrators may provide all appropriate remedies at law and equity and will have the power to summarily adjudicate claims and/or enter summary judgment in appropriate cases. In any arbitration proceeding conducted pursuant to this paragraph, the parties irrevocably shall have the right to discovery, to call witnesses, and unconditionally submit to cross-examine the other party’s witnesses. The arbitrator shall render a final decision in writing, setting forth the reasons for the arbitration award. Both parties are bound by this agreement to arbitrate, but it does not include disputes, controversies or differences which may not by law be arbitrated. The parties agree that the arbitration proceedings described in this Section are to be treated as confidential, and that the parties will act to protect the confidentiality of the documents, facts, and proceedings related to the jurisdiction arbitration. THE PARTIES WAIVE THEIR RIGHT TO HAVE ANY SUCH DISPUTE, CLAIM OR CONTROVERSY DECIDED BY A JUDGE OR JURY IN A COURT. THE PARTIES ALSO AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN THEIR INDIVIDUAL CAPACITIES, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR COLLECTIVE PROCEEDING. THE PARTIES ALSO AGREE THAT EACH MAY NOT BRING CLAIMS AGAINST THE OTHER IN ANY PURPORTED REPRESENTATIVE ACTION, EXCEPT TO THE EXTENT THIS STATEMENT IS UNENFORCEABLE UNDER THE LAW. All American Arbitration Association filing fees, administrative costs, and arbitrator fees (as well as other related fees) shall be paid by the Company, with the exception of any court fees that would be paid by the Executive should the dispute be settled in a Court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forumLaw.

Appears in 3 contracts

Samples: Executive Employment Agreement (Enzo Biochem Inc), Executive Employment Agreement (Enzo Biochem Inc), Executive Employment Agreement (Enzo Biochem Inc)

Governing Law; Dispute Resolution. (a) This Limited Guaranty Guarantee shall be interpreted, construed and governed by, by and construed in accordance with, with the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether Laws of the State of New York or any other jurisdiction) without regard to the conflict of Law principles thereof that would cause subject such matter to the application Laws of the laws of any jurisdiction other than the State of New Yorkanother jurisdiction. Any disputes, actions and proceedings against any party or arising out of or in any way relating to this Limited Guaranty Guarantee shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC (the “Rules”) in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”)13. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 3 contracts

Samples: Limited Guarantee (Ocean Imagination L.P.), Limited Guarantee (Ctrip Com International LTD), Limited Guarantee (Tencent Holdings LTD)

Governing Law; Dispute Resolution. This Limited Guaranty Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. Any disputes, actions and proceedings against any party or arising out of or in any way relating to this Limited Guaranty Agreement shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC in force at the relevant time and as may be amended by this Section 9 ‎Section 7(k) (the “HKIAC Rules”). The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 2 contracts

Samples: Voting Agreement (Idg-Accel China Growth Fund Ii L P), Voting Agreement (Right Advance Management Ltd.)

Governing Law; Dispute Resolution. This Limited Guaranty The interpretation and application of this Employment shall be governed by, and construed in accordance with, by the laws of the State of New York, York without giving effect regard to any choice principles of law or other conflict of law provision or rule (whether laws, other than laws which violate a fundamental public policy of the State state of New York employ, in which case such state’s laws shall govern with regard to such policies. Except for claims requesting injunctive relief, any dispute or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. Any disputes, actions and proceedings against any party or claim arising out of of, in connection with, or in any way relating to this Limited Guaranty Agreement (including without limitation its subject matter, interpretation, or formation) or to Executive’s employment or relationship with the Company shall be submitted resolved by binding arbitration to be held in or around Farmingdale, New York, before three (3) arbitrators selected by the Hong Kong International American Arbitration Centre (“HKIAC”) and resolved Association, conducted in accordance with the then-prevailing Employment Arbitration Rules and Mediation Procedures of HKIAC in force at the relevant time and as may American Arbitration Association. A copy of these rules can be amended by this Section 9 accessed through the American Arbitration Association’s website (the “HKIAC Rules”xxx.xxx.xxx). The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator arbitrators’ decision will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon in accordance with the disputing parties. Any party to an award Federal Arbitration Act and may apply to be enforced in any court of competent jurisdiction for enforcement of such award and, for purposes jurisdiction. The arbitrators will not have the right to modify or change any of the enforcement terms of such awardthis Employment Agreement. The arbitrators, and not any court, shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability or formation of this Employment Agreement including any claim that all or any part of this Agreement is void or voidable. The parties agree that the arbitrators may provide all appropriate remedies at law and equity and will have the power to summarily adjudicate claims and/or enter summary judgment in appropriate cases. In any arbitration proceeding conducted pursuant to this paragraph, the parties irrevocably shall have the right to discovery, to call witnesses, and unconditionally submit to cross-examine the other party’s witnesses. The arbitrator shall render a final decision in writing, setting forth the reasons for the arbitration award. Both parties are bound by this agreement to arbitrate, but it does not include disputes, controversies or differences which may not by law be arbitrated. The parties agree that the arbitration proceedings described in this Section 10 are to be treated as confidential, and that the parties will act to protect the confidentiality of the documents, facts, and proceedings related to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forumarbitration. THE PARTIES WAIVE THEIR RIGHT TO HAVE ANY SUCH DISPUTE, CLAIM OR CONTROVERSY DECIDED BY A JUDGE OR JURY IN A COURT. THE PARTIES ALSO AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN THEIR INDIVIDUAL CAPACITIES, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR COLLECTIVE PROCEEDING. THE PARTIES ALSO AGREE THAT EACH MAY NOT BRING CLAIMS AGAINST THE OTHER IN ANY PURPORTED REPRESENTATIVE ACTION, EXCEPT TO THE EXTENT THIS STATEMENT IS UNENFORCEABLE UNDER THE LAW.

Appears in 2 contracts

Samples: Executive Employment Agreement (Enzo Biochem Inc), Executive Employment Agreement (Enzo Biochem Inc)

Governing Law; Dispute Resolution. This Limited Guaranty Agreement, and all matters arising directly or indirectly from this Agreement, shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York, without giving effect to any the choice of law provisions thereof. Any unresolved controversy or claim arising out of or relating to this Agreement, except (i) as otherwise provided in this Agreement or (ii) with respect to which a party seeks injunctive or other conflict equitable relief, shall be submitted to arbitration by one arbitrator. In connection with any arbitration conducted pursuant to this Agreement, an arbitrator will be selected in accordance with the rules of law the American Arbitration Association (the “AAA”) then in effect. The arbitration proceedings shall take place in New York City, in accordance with the rules of the AAA then in effect, and judgment upon any award rendered in such arbitration will be binding and may be entered in any court having jurisdiction thereof. There shall be limited discovery prior to the arbitration hearing as follows: (a) exchange of witness lists and copies of documentary evidence and documents relating to or arising out of the issues to be arbitrated, (b) depositions of all party witnesses and (c) such other depositions as may be allowed by the arbitrators upon a showing of good cause. Depositions shall be conducted in accordance with the New York Code of Civil Procedure. The arbitrator shall be required to provide in writing to the parties the basis for the award or order of such arbitrator. A court reporter shall record all hearings, with such record constituting the official transcript of such proceedings. Each party will bear its own costs in respect of any disputes arising under this Agreement. The arbitrator shall be directed to award the arbitrator’s compensation charges and the administrative fees of the AAA to the prevailing party. The parties knowingly and voluntarily agree to this arbitration provision and acknowledge that arbitration shall be instead of any civil litigation, meaning that the parties each are waiving any rights to a jury trial. Notwithstanding the foregoing, this Section 11(G) shall not preclude any party to this Agreement from pursuing court action for the sole purpose of obtaining a temporary restraining order, preliminary injunction, permanent injunction or rule (whether other equitable relief from any court of competent jurisdiction in circumstances in which such relief is appropriate, including, but not limited to, enforcement of the Employee Covenants. Each of the parties to this Agreement consents to personal jurisdiction and venue for any equitable action sought in the United States District Court for the Southern District of New York and any state court in the State of New York or that is located in New York County (and in the appropriate appellate courts from any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. Any disputes, actions and proceedings against any party or arising out of or in any way relating to this Limited Guaranty shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”foregoing). The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 2 contracts

Samples: Confidential Separation Agreement (DoubleVerify Holdings, Inc.), Confidential Separation Agreement (DoubleVerify Holdings, Inc.)

Governing Law; Dispute Resolution. This Limited Guaranty Any dispute, controversy or claim arising out of or relating to this Agreement, including but not limited to any claim arising from the breach of this Agreement, shall be finally settled by binding arbitration before a panel of three (3) arbitrators in accordance with the Rules of Conciliation and Arbitration of the International Chamber of Commerce. In the event of any conflict between the Rules of Conciliation and Arbitration of the International Chamber of Commerce and the provisions of this clause, the provisions of this clause shall govern. Each party shall nominate one arbitrator within thirty (30) days from the date on which the claimant’s request for arbitration has been communicated to the other party. The two (2) arbitrators so named shall within fifteen (15) days from the date of their appointment, nominate the third arbitrator who shall be chairman of the arbitration panel. If either party fails to timely nominate its arbitrator or if the two arbitrators so nominated fail to timely agree on the nomination of the third arbitrator, the president of the International Chamber of Commerce shall, as expeditiously as possible, appoint the arbitrator or arbitrators not appointed within the time periods set forth above. Arbitration shall be in the English language, and shall take place in Hong Kong. Any award rendered by the arbitration panel shall be final. Judgment upon the 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. The parties acknowledge that this agreement and any award rendered pursuant to it shall be governed by, by the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards. This agreement shall be construed and the obligations of the parties shall be determined in accordance with, with the laws of the State of New York, without giving effect to any choice United States of law or other conflict America, and the UN Convention on the International Sale of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. Any disputes, actions and proceedings against any party or arising out of or in any way relating Goods does not apply to this Limited Guaranty shall be submitted Agreement. * [***]: Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”). The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forumomitted portions.

Appears in 1 contract

Samples: Rubicon Technology, Inc. Supply Agreement (Rubicon Technology, Inc.)

Governing Law; Dispute Resolution. This Limited Guaranty Agreement, any Ancillary Agreements and any other closing documents shall be governed by, by and construed in accordance with, with the laws of the State Commonwealth of New YorkVirginia as applied to contracts entered into by Virginia residents and performed entirely in Commonwealth of Virginia, without giving effect to any choice its principles or rules regarding conflicts of law or laws, other conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the than such principles directing application of the laws of any jurisdiction other than the State Commonwealth of New YorkVirginia. Any disputesdispute, actions and proceedings against any party controversy or Claim arising out of or in any way relating to this Limited Guaranty Agreement or any ancillary Agreement, or the breach thereof, shall be submitted to the Hong Kong International Arbitration Centre settled by binding arbitration before three (“HKIAC”3) and resolved arbitrators selected in accordance with rules of the American Arbitration Rules of HKIAC Association, with such arbitrators having experience in force at mergers and acquisition transactions, and with such arbitration being administered by the relevant time American Arbitration Association under its commercial arbitration rules, and as the judgment on the award rendered by such arbitrators may be amended by this Section 9 (entered in any state court or federal court sitting in the “HKIAC Rules”)Commonwealth of Virginia, with each party hereto hereby irrevocably submits with regard to any such action or proceeding for itself and in respect to its property, generally and unconditionally, to the nonexclusive jurisdiction of the aforesaid courts. The place of Any arbitration shall be Hong Kongheld in the county of Fairfax, Commonwealth of Virginia. The official language of Purchaser and Sole Member shall equally bear any arbitration fees and administrative costs associated with such arbitrations, except that each party shall bear its own legal fees and costs; provided, however, the arbitration prevailing party in such arbitration, as determined by the arbitrators, shall be English awarded its costs and the arbitration tribunal shall consist reasonable attorneys’ fees incurred in connection with such arbitration. Each party hereto hereby irrevocably waives, and agrees not to assert, by way of three arbitrators motion, as a defense, counter claim or otherwise, in any action or proceeding with respect to this Agreement, (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(sa) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit claim that it is not personally subject to the jurisdiction of the above-named courts for any reason other than the failure to serve process in accordance with this Section 9.9, (b) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of competent jurisdiction notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), and waive (c) to the fullest extent permitted by applicable law, that (i) the suit, action or proceeding in any defenses to such enforcement based on lack of personal jurisdiction or court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper and (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Widepoint Corp)

Governing Law; Dispute Resolution. This Limited Guaranty Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New YorkHong Kong. Any All disputes, actions and proceedings against any party controversies or claims (each, a “Dispute”) arising out of or in any way relating to connection with this Limited Guaranty Agreement shall first be submitted to senior representatives of the relevant Parties to the Dispute for discussion and resolution. Such senior representatives shall discuss in good faith to resolve the Dispute within thirty (30) calendar days. If any Dispute is not resolved by and among such senior representatives within such thirty (30) calendar day period, such Dispute shall be finally settled by arbitration administered by the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the HKIAC Administered Arbitration Rules of HKIAC as presently in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”). The place seat of arbitration shall be Hong Kong. The official language of the arbitration arbitral proceedings shall be English and the arbitration tribunal conducted in English. There shall consist of be three (3) arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by appointed in accordance with the HKIAC Rules. The arbitral tribunal shall decide any Dispute submitted by the parties to the arbitration strictly in accordance with the substantive laws of Hong Kong, such Arbitrator without regard to principles of conflict of laws thereunder, and shall not apply any other substantive law. Any party to the Dispute shall be appointed promptly by entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damagesconstitution of the arbitral tribunal. The award of the arbitration arbitral tribunal shall be final and binding upon the disputing parties. Any parties thereto, and the prevailing party to an award may apply to any a court of competent jurisdiction for enforcement of such award and, for purposes award. During the course of the enforcement arbitral tribunal’s adjudication of such awardthe Dispute, the parties irrevocably and unconditionally submit this Agreement shall continue to be performed except with respect to the jurisdiction of any court of competent jurisdiction part in dispute and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forumunder adjudication.

Appears in 1 contract

Samples: Share Subscription Agreement (Lion Group Holding LTD)

Governing Law; Dispute Resolution. This Limited Guaranty Agreement shall be governed by, by and construed in accordance with, with the laws domestic Laws of the State of New York, York without giving effect to any choice of law or other conflict of law Law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws Laws of any jurisdiction other than the State of New York. Any disputes, actions and proceedings against any party dispute or controversy between the Parties relating to or arising out of this Agreement or any amendment or modification hereof, shall be determined by confidential arbitration in New York County, New York, by and pursuant to the rules then prevailing of the American Arbitration Association. The Parties shall be permitted to engage in the arbitration in any way relating to this Limited Guaranty shall be submitted to type of discovery permitted by the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Federal Rules of HKIAC in force at Civil Procedure, including, without limitation, the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”). The place taking of arbitration shall be Hong Kong. The official language of the arbitration shall be English depositions and the arbitration tribunal shall consist service of three arbitrators (eachdocument requests, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; non-party subpoenas and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIACinterrogatories. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award Parties and judgment may apply to be entered thereon by any court of competent jurisdiction for enforcement in federal or state court sitting in New York County, New York. The Parties agree that the arbitrator(s) shall be entitled to award to the prevailing Party the prevailing Party’s costs and expenses of such award andthe arbitration, for purposes including, without limitation, the prevailing Party’s reasonable attorney’s fees, and arbitrator(s) fees and forum costs as part of the arbitration award. The service of any notice, process, motion or other document in connection with any arbitration under this Agreement or the enforcement of such awardany arbitration award hereunder may be effectuated as set forth in Section 19. Each Party submits to the exclusive jurisdiction of the state and federal courts located in New York County, New York, for any action to compel or stay arbitration or for any dispute regarding the parties irrevocably arbitrability of a claim relating to or arising under this Agreement (jurisdictional, venue and unconditionally submit inconvenient forum objections to which are hereby waived by all Parties). The Parties agree that they are subject to the jurisdiction of the courts of, and arbitration in, New York County, New York, and may be served with legal process within the State of New York or in any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forumother manner provided by law.

Appears in 1 contract

Samples: Investment Management Agreement

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Governing Law; Dispute Resolution. This (a) Subject to Sections 1(d) and 13(b), this Limited Guaranty Guarantee and all disputes or controversies arising out of or relating to this Limited Guarantee or the transactions contemplated hereby shall be interpreted, construed and governed by, by and construed in accordance with, with the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether Laws of the State of New York or any other jurisdiction) without regard to the conflict of Law principles thereof that would cause subject such matter to the application Laws of the laws of any jurisdiction other than the State of New Yorkanother jurisdiction. Any disputes, actions and proceedings Actions against any party or arising out of or in any way relating to this Limited Guaranty Guarantee shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC (the “Rules”) in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”)13. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 1 contract

Samples: Limited Guarantee (Ctrip Com International LTD)

Governing Law; Dispute Resolution. This Limited Guaranty The Agreement and the transactions contemplated hereby shall be governed by, and construed and enforced in accordance with, the laws of the State Commonwealth of New York, Massachusetts without giving effect regard to any choice its conflicts of law or other conflict rules. The United Nations Convention on Contracts for the International Sale of law provision or rule (whether of Goods shall not be applicable to the State of New York Agreement, these Terms, or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New Yorkpurchase or sale made hereunder. Any disputesdispute, actions and proceedings against any party claim or controversy arising out of or in any way relating to this Limited Guaranty the Agreement, including whether the claims asserted are arbitrable, shall be submitted referred to and finally determined by arbitration under the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Commercial Arbitration Rules of HKIAC the American Arbitration Association, which, except as expressly provided herein, shall have exclusive jurisdiction for any dispute, claim or controversy arising out of or relating to the Agreement or the transactions contemplated hereby. The tribunal shall consist of one arbitrator, unless the claim amount exceeds $1,000,000.00, in force at which case the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”)tribunal shall consist of three arbitrators. The place of arbitration shall be Hong KongBoston, Massachusetts. The official language of to be used in the arbitration arbitral proceedings shall be English and English. The arbitrator shall not have the arbitration tribunal shall consist jurisdiction to award multiple or punitive damages and/or attorneys’ fees (unless an express provision of three arbitrators (each, an “Arbitrator”these Terms permits otherwise). The claimant(s), irrespective of number, arbitrator shall nominate jointly one Arbitrator; not have the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of jurisdiction to consolidate the arbitration tribunalproceeding with any other arbitration or to join any parties in the arbitration who are not parties to the Agreement. In Except as otherwise specifically limited in the event Agreement, the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration arbitral tribunal shall have no authority the power to grant any remedy or relief that it deems appropriate, whether provisional or final, including but not limited to conservatory relief and injunctive relief, and any such measures ordered by the arbitral tribunal shall, to the extent permitted by Applicable Law, be deemed to be a final award punitive or other punitive-type damages. The award on the subject matter of the arbitration tribunal measures and shall be final enforceable as such. Each of Buyer and binding upon Seller retains the disputing parties. Any party right to an award may apply to any a court of competent jurisdiction (as set forth in Section 17) for enforcement of provisional and/or conservatory relief, including pre-arbitral attachments or injunctions, and such award and, for purposes request shall not be deemed incompatible with the agreement to arbitrate or a waiver of the enforcement right to arbitrate. Each of such awardBuyer and Seller specifically waives the right to participate in a representative capacity or as a member of any class of claimants pertaining to dispute, the parties irrevocably and unconditionally submit claim or controversy arising out of or relating to the jurisdiction of any Agreement or the transactions contemplated hereby. The Parties understand that the arbitrator’s decision will be final and binding, and that certain rights that a Party may have in a court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forumproceeding may not be available in arbitration.

Appears in 1 contract

Samples: files.ifpcorp.com

Governing Law; Dispute Resolution. This Limited Guaranty Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. Any disputes, actions and proceedings against any party or arising out of or in any way relating to this Limited Guaranty Agreement shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC in force at the relevant time and as may be amended by this Section 9 16 (the “HKIAC Rules”). The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 1 contract

Samples: Contribution Agreement (Right Advance Management Ltd.)

Governing Law; Dispute Resolution. This Limited Guaranty Agreement shall be governed by, by and construed and enforced in accordance with, with the laws of the State Hong Kong (without regard to principles of New York, without giving effect to any choice conflicts of law or other conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New Yorklaws). Any disputesdispute, actions and proceedings against any party controversy or claim arising out of or in any way relating to this Limited Guaranty Agreement, or the interpretation, breach, termination or validity hereof, shall be resolved through consultation. Such consultation shall begin immediately after one party hereto has delivered to the other party hereto a written request for such consultation. If within 30 days following the date on which such notice is given the dispute cannot be resolved, the dispute shall be submitted to arbitration upon the request of either party with notice to the other. The arbitration shall be conducted in Hong Kong under the auspices of the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC in force at the relevant time and as may be amended by this Section 9 (the “HKIAC RulesCentre”). The place of arbitration There shall be Hong Kongone arbitrator. The official language arbitrator shall be jointly appointed by the disputing parties or, failing which the Secretary-General of the Centre shall appoint the arbitrator. The arbitration proceedings shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIACconducted in English. The arbitration tribunal shall have no authority apply the UNCITRAL Arbitration Rules as administered by the Centre at the time of the arbitration. The arbitrator shall decide any dispute submitted by the parties to award punitive or the arbitration strictly in accordance with the substantive laws of Hong Kong and shall not apply any other punitive-type damagessubstantive law. Each party shall cooperate with the other in making full disclosure of and providing complete access to all information and documents requested by the other in connection with such arbitration proceedings, subject only to any confidentiality obligations binding on such party. In the course of arbitration, the parties hereto shall continue to implement the terms of this Agreement except (as between the disputing parties) for the matters under arbitration. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any , and the prevailing party to an award may apply to any a court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit . Any party shall be entitled to the jurisdiction of seek preliminary injunctive relief from any court of competent jurisdiction and waive any defenses to such enforcement based on lack pending the constitution of personal jurisdiction or inconvenient forumthe arbitral tribunal.

Appears in 1 contract

Samples: Share Restriction Agreement (Cgen Digital Media Co LTD)

Governing Law; Dispute Resolution. This Limited Guaranty Benefit Agreement and all disputes arising out of or related to this Benefit Agreement or any breach hereof shall be governed by, by and construed in accordance with, under the laws of the State Commonwealth of New YorkMassachusetts, without giving effect to any choice of law or other conflict of law provision or rule (whether of the State of New York or any other jurisdiction) principles that would cause require the application of the laws of any jurisdiction other than the State of New Yorka different state. Any disputes, actions disputed matter between the parties or any of their respective successors and proceedings against any party assigns under or arising out of or in any way relating related to this Limited Guaranty Benefit Agreement shall be submitted to governed exclusively and finally by arbitration. Such arbitration shall be conducted by the Hong Kong International American Arbitration Centre Association (“HKIACAAA”) in the Commonwealth of Massachusetts, County of Middlesex, and resolved shall be initiated and conducted in accordance with the Commercial Arbitration Rules of HKIAC the AAA, as such rules shall be in force at effect on the relevant time and as may date of a delivery of a demand for arbitration (“Demand”), except to the extent that such rules are inconsistent with the provisions set forth herein. The arbitration shall be amended conducted by this Section 9 a single arbitrator (the “HKIAC RulesArbitrator)) to be mutually selected by, and agreeable to, the parties. The place of arbitration shall be Hong Kong. The official language If the parties are unable to agree on the Arbitrator within forty-five (45) days of the arbitration shall be English and date of a Demand, then the arbitration tribunal shall consist of three arbitrators (each, parties agree that an “Arbitrator”). The claimant(s), irrespective of number, shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly designated by the HKIACAAA. The arbitration tribunal In any event, the Arbitrator shall have no authority to be independent and without any economic or financial interest of any kind in the outcome of the arbitration. Any award punitive or other punitive-type damagesby the Arbitrator shall be accompanied by a written opinion setting forth the findings of fact and conclusions of law relied upon in reaching the decision. The award of rendered by the arbitration tribunal Arbitrator shall be final final, binding and binding non-appealable, and judgment upon the disputing parties. Any party to an such award may apply to be entered by any court of competent jurisdiction for enforcement jurisdiction. Each party shall pay the fees of its own attorneys, expenses of witnesses and all other expenses and costs in connection with the presentation of such award and, for purposes party's case. The remaining costs of the enforcement arbitration, including without limitation, fees of the Arbitrator, costs of records or transcripts and administrative fees shall be borne equally by the parties. Notwithstanding the foregoing, the Arbitrator may modify the allocation of such award, costs and fees in those cases where fairness dictates a different allocation of costs between the parties irrevocably and unconditionally submit an award of attorneys' fees to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forumprevailing party as determined by the Arbitrator.

Appears in 1 contract

Samples: Benefit Agreement

Governing Law; Dispute Resolution. This Limited Guaranty Agreement shall be governed by, construed and construed enforced in accordance with, with the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New YorkEngland. Any disputescontroversy, actions and proceedings against any party dispute or claim arising out of or in any way relating to this Limited Guaranty Agreement (including, without limitation, any claim of malpractice or breach of contract) shall be submitted first negotiated in good faith between the Parties. If the Parties cannot agree on all or part of the matters subject to controversy, or if all outstanding issues in dispute are not fully and finally resolved through negotiation, then the Hong Kong International Arbitration Centre (“HKIAC”) and resolved Parties agree that all remaining disputes shall be settled by binding arbitration. The arbitration shall take place in accordance with London, England under the Arbitration Rules of HKIAC the London Court of International Arbitration (LCIA)I in force effect at the relevant time of the arbitration is initiated. PIB BV shall appoint one arbitrator and TERRA shall indicate another, and both arbitrators so designated shall indicate a third one to act as may be amended by this Section 9 (the “HKIAC Rules”)Chairman. The place of arbitration shall be Hong Kong. The official governing language of the arbitration shall be English and all arbitrators shall be fluent in the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”)governing language. The claimant(s)arbitrators shall render a full complete, irrespective conclusive and binding resolution of numberthe dispute. The arbitration award may assess reasonable attorney’s fees and costs, shall nominate jointly one Arbitrator; including the respondent(s), irrespective of number, shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman costs of the arbitration tribunaland the arbitrators’ compensation, against one or more parties. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rules, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award Enforcement of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to be entered in any court having jurisdiction thereof. This Agreement to arbitrate shall constitute an irrevocable waiver of competent jurisdiction for enforcement each party’s right to a trial by courts jury. Third Parties Beneficiaries: This Agreement shall not be construed to confer any benefit on any person not being a Party to this Agreement nor shall it provide any rights to such person to enforce any of such award and, for purposes its provisions and the provisions of the enforcement English Contracts (Rights of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forumThird Parties) Xxx 0000 are expressly excluded.

Appears in 1 contract

Samples: Service Agreement (Terra Energy & Resource Technologies, Inc.)

Governing Law; Dispute Resolution. This (a) Subject to Section 13(b), this Limited Guaranty Guarantee and all disputes or controversies arising out of or relating to this Limited Guarantee or the transactions contemplated hereby shall be interpreted, construed and governed by, by and construed in accordance with, with the laws of the State of New York, without giving effect to any choice of law or other conflict of law provision or rule (whether Laws of the State of New York or any other jurisdiction) without regard to the conflict of Law principles thereof that would cause subject such matter to the application Laws of the laws of any jurisdiction other than the State of New Yorkanother jurisdiction. Any disputes, actions and proceedings against any party or arising out of or in any way relating to this Limited Guaranty Guarantee shall be submitted to the Hong Kong International Arbitration Centre (“HKIAC”) and resolved in accordance with the Arbitration Rules of HKIAC (the “Rules”) in force at the relevant time and as may be amended by this Section 9 (the “HKIAC Rules”)13. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s), irrespective of number, ) shall nominate jointly one Arbitrator; the respondent(s), irrespective of number, ) shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified by the HKIAC Rulesarbitration rules of HKIAC, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.

Appears in 1 contract

Samples: Limited Guarantee (Huang Jianjun)

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