Common use of If Only Two Arbitrators Are Appointed Clause in Contracts

If Only Two Arbitrators Are Appointed. If each party appoints an arbitrator in a timely manner, but the two (2) arbitrators fail to agree on and appoint a third arbitrator within the required period, the arbitrators shall be dismissed without delay and the issue of Fair Market Rental Value shall be submitted to binding arbitration under the real estate arbitration rules of JAMS, subject to the provisions of this section.

Appears in 24 contracts

Samples: Lease Agreement (PROCEPT BioRobotics Corp), Lease Agreement (PROCEPT BioRobotics Corp), Lease Agreement (Penumbra Inc)

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If Only Two Arbitrators Are Appointed. If each party appoints an arbitrator in a timely manner, but the two (2) arbitrators fail to agree on and appoint a third arbitrator within the required period, the arbitrators shall be dismissed without delay and the issue of Fair Market Rental Value shall be submitted to binding arbitration under the commercial/real estate arbitration rules of JAMSarbitration service to be determined, subject to the provisions of this sectionsection 26.2.

Appears in 1 contract

Samples: Stock Grant Agreement (Quokka Sports Inc)

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If Only Two Arbitrators Are Appointed. If each party appoints an arbitrator in a timely manner, but the two (2) arbitrators fail to agree on and appoint a third arbitrator within the required period, the arbitrators shall be dismissed without delay and the issue of Fair Market Rental Value shall be submitted to binding arbitration under the real estate arbitration Commercial Real Estate Arbitration rules of JAMSthe American Arbitration Association ("AAA"), subject to the provisions of this sectionSection 25.3.

Appears in 1 contract

Samples: Office Lease (National Insurance Group /Ca/)

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