Arbitration Ruling definition
Examples of Arbitration Ruling in a sentence
The ruling of the arbitrators in this event, however, will be limited solely as to the correct amount of the Preliminary Cost Basis and Allocation Statement and all components thereof, and such ruling will be deemed the “Interim Arbitration Ruling.” The Interim Arbitration Ruling shall be binding upon the parties with respect to the period up to the Current Basis Date in any future dispute regarding the Profit Participation Allocation or any component thereof.
If the Arbitrator determines that the Tenant was undercharged for Taxes and Cost of Operation and Maintenance, Tenant shall pay the amount of such undercharge to the Landlord within thirty (30) days following the issuance of the Arbitration Ruling.
The Arbitration Ruling shall be binding, final and conclusive on Seller and Buyer, and may be entered in any court having jurisdiction.
Subject to the terms and conditions of this Agreement, during such period the Borrowers may borrow, repay and reborrow the amount of the Revolving Credit Commitments by means of Base Rate Loans and Eurodollar Loans and may Convert Revolving Credit Loans of one Type into Revolving Credit Loans of another Type (as provided in Section 2.09 hereof) or Continue Revolving Credit Loans of one Type as Revolving Credit Loans of the same Type (as provided Credit Agreement ---------------- in Section 2.09 hereof).
The costs of the arbitration shall be paid by the Party which is deemed guilty after the litigation in the Arbitration Ruling.