Common use of Three Arbitrators Clause in Contracts

Three Arbitrators. Any arbitration conducted under this Article X shall be heard by three arbitrators (each an “Arbitrator” and collectively the “Tribunal”) selected in accordance with this Section 10.3. Each Disputing Member and any proposed Arbitrator shall, as soon as practicable, disclose to the other Disputing Members any business, personal or other relationship or affiliation that may exist between any Member and the proposed Arbitrators. The Disputing Members may then object to any of the proposed Arbitrators on the basis of such relationship or affiliation. The validity of any such objection shall be determined according to the Rules.

Appears in 2 contracts

Samples: Investment and Option Agreement (NRG Energy, Inc.), NRG Energy, Inc.

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Three Arbitrators. Any arbitration conducted under this Article X Appendix B shall be heard by three arbitrators (each an “Arbitrator” and collectively the “Tribunal”) selected in accordance with this Section 10.31.3. Each Disputing Member Party and any proposed Arbitrator shall, as soon as practicable, disclose to the other Disputing Members Parties any business, personal or other relationship or affiliation that may exist between any Member Party and the proposed Arbitrators. The Disputing Members Parties may then object to any of the proposed Arbitrators on the basis of such relationship or affiliation. The validity of any such objection shall be determined according to the Rules.

Appears in 2 contracts

Samples: Contribution Agreement (NRG Energy, Inc.), Multi Unit Agreement (NRG Energy, Inc.)

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Three Arbitrators. Any arbitration conducted under this Article X Appendix B shall be heard by three arbitrators (each an “ArbitratorArbitrator ” and collectively the “Tribunal”) selected in accordance with this Section 10.31.3. Each Disputing Member Party and any proposed Arbitrator shall, as soon as practicable, disclose to the other Disputing Members Parties any business, personal or other relationship or affiliation that may exist between any Member Party and the proposed Arbitrators. The Disputing Members Parties may then object to any of the proposed Arbitrators on the basis of such relationship or affiliation. The validity of any such objection shall be determined according to the Rules.

Appears in 1 contract

Samples: Contribution Agreement (NRG Energy, Inc.)

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