Common use of Written Opinion Clause in Contracts

Written Opinion. The arbitrators shall, on the request of either Seller or Purchaser, issue a written opinion of their findings of fact and conclusions of law. On receipt by the requesting party of this written opinion, the party shall have the right to file with the arbitrators a motion to reconsider, and the arbitrators shall then reconsider the issues raised by the motion and either confirm or change their majority decision, which shall then be final and conclusive on the parties.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Gc Net Lease Reit, Inc.)

Written Opinion. The arbitrators shall, on the request of either Seller or PurchaserBuyer, issue a written opinion of their findings of fact and conclusions of law. On receipt by the requesting party of this written opinion, the party shall have the right to file with the arbitrators a motion to reconsider, and the arbitrators shall then reconsider the issues raised by the motion and either confirm or change their majority decision, which shall then be final and conclusive on the parties.

Appears in 1 contract

Sources: Real Estate Purchase and Sale Agreement