RIGHT TO REQUIRE ARBITRATION Sample Clauses

RIGHT TO REQUIRE ARBITRATION. If Inktomi fails to consummate a Liquidity Event in accordance with this Agreement by the Liquidity Event Deadline (as the same may be changed under Section 3.5.1 above), and provided that Inktomi has not previously exercised the Put Option, then Equity Office shall have the right to obtain an Arbitration Determination of the Appraised Value of the Bayside Project, by delivering written notice (the "ARBITRATION NOTICE") of such election to Inktomi. In the event that the final Arbitration Determination shows an Appraised Value in excess of the Base Value, then, within five (5) days after the issuance of the Arbitration Determination, Inktomi shall pay to Equity Office the Participation Payment based on the Arbitration Determination. Promptly upon Inktomi's payment of the Participation Payment, Equity Office shall reconvey and release the Participation Deed of Trust. In the event that the final Arbitration Determination shows an Appraised Value equal to or less than the Base Value, then, within five (5) days after the issuance of the Arbitration Determination, Equity Office shall reconvey and release the Participation Deed of Trust.
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Related to RIGHT TO REQUIRE ARBITRATION

  • Submission to Arbitration The Respondent Party may agree to the Claimant Party’s proposal of arbitration by responding in writing within ten (10) Business Days following receipt of such proposal. Within five (5) Business Days following receipt of the Respondent Party’s agreement to arbitrate, the Claimant Party may submit the Dispute Item to the American Arbitration Association (“AAA”) for arbitration. No Dispute Item may be submitted for arbitration without the consent of both parties.

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  • Choice of Law; Arbitration (a) Notwithstanding the place where this Agreement may be executed by any of the parties hereto, the parties expressly agree that all the terms and provisions hereof shall be construed under the laws of the State of Delaware, including the Delaware Act without regard to the conflict of law principles of such State.

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