Common use of Limited Issues Clause in Contracts

Limited Issues. The arbitration shall be limited to the question(s) at issue. The arbitrators shall render their decision, upon the concurrence of two (2) of their number, within ten (10) days after the appointment of the last appointed arbitrator or substitute arbitrator. The arbitrators shall meet on all business days until they reach a decision. Such decision shall be in writing and counterpart copies thereof shall be delivered to each of the parties, who agree to abide thereby and any judgment may be entered thereon in any court of competent jurisdiction and may be enforced in accordance with the laws of the State of New York. In rendering such decision, the arbitrators shall not add to, subtract from or otherwise modify the provisions of this Agreement. The foregoing, however, shall not prevent the arbitrators from determining the applicable provisions of this Agreement, the Development Leases or the Financing Leases and interpreting and construing such provisions. The arbitration conducted pursuant to this Article 12 shall be deemed binding arbitration under the laws of the State of New York.

Limited Issues. The arbitration shall be limited to the question(s) at issue. The arbitrators shall render their decision, upon the concurrence of two (2) of their number, within ten (10) days after the appointment of the last appointed arbitrator or substitute arbitrator. The arbitrators shall meet on all business days until they reach a decision. Such decision shall be in writing and counterpart copies thereof shall be delivered to each of the parties, who agree to abide thereby and any judgment may be entered thereon in any court of competent jurisdiction and may be enforced in accordance with the laws of the State of New York. In rendering such decision, the arbitrators shall not add to, subtract from or otherwise modify the provisions of this Agreement. The foregoing, however, shall not prevent the arbitrators from determining the applicable provisions of this Agreement, the Development Leases or the Financing Leases and interpreting and construing such provisions. The arbitration conducted pursuant to this Article 12 17 shall be deemed binding arbitration under the laws of the State of New York.