Common use of Starting an Arbitration Clause in Contracts

Starting an Arbitration. To the extent permitted by the Federal Arbitration Act (the “FAA”) and any other applicable federal law, arbitration may be elected by either party with respect to any Claim, even if that party has already initiated a lawsuit with respect to a different Claim. Arbitration is elected by giving a accordance with the rules of the Administrator. However, the arbitrator must be a retired or former judge or a lawyer with at least ten

Appears in 1 contract

Sources: Account Agreement

Starting an Arbitration. To the extent permitted by the Federal Arbitration Act (the “FAA”) and any other applicable federal law, arbitration may be elected by either party with respect to any Claim, even if that party has already initiated a lawsuit with respect to a different Claim. Arbitration is elected by giving a accordance with written demand for arbitration to the rules of other party, by filing a motion to compel arbitration in court or by initiating an arbitration against the Administratorother party. However, the arbitrator must be a retired or former judge or a lawyer with at least tenThe parties may mutually agree in writing to waive arbitration.

Appears in 1 contract

Sources: Account Agreement