Common use of JAMS Clause in Contracts

JAMS. The Arbitration will be held under the auspices of either ---- the American Arbitration Association ("AAA") or Judicial Arbitration & Mediation Services, Inc. ("J.A.M.S"), with the designation of the sponsoring organization to be made by the party who did not initiate the claim. The parties agree that, except as provided in this Agreement, the arbitration shall be in accordance with the AAA's then-current arbitration procedures (if AAA is designated) or the then-current J.A.M.S arbitration rules (if J.A.M.S is designated). The arbitration shall be conducted by a panel of three arbitrators each of whom shall be either a retired judge, or an attorney licensed to practice law in the state in which the arbitration is convened (the "ARBITRATORS"). The arbitration shall take place in Los Angeles, California.

Appears in 3 contracts

Sources: Stockholders Agreement and Subscription Agreement (Hancock Park Associates Ii Lp Et Al), Stockholders Agreement and Subscription Agreement (Green Equity Investors Ii Lp), Stockholders Agreement and Subscription Agreement (Leslies Poolmart)