Finality and Enforcement of an Award Sample Clauses

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case.
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Finality and Enforcement of an Award. 1. Any arbitral award rendered pursuant to Article 92 shall be final, and binding on the disputing parties in respect of the particular case.
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Finality and Enforcement of an Award. (1) An award made by a tribunal established under this Schedule shall solely be binding on the disputing parties and only with respect to the case decided.
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Finality and Enforcement of an Award. 1. Any arbitral award rendered pursuant to Article 92shall be final, and binding on the disputing parties inrespect of the particular case. 2. Subject to the applicable revision, annulment or setaside procedures, a disputing party shall abide by andcomply with an award without delay. 3. If a disputing Party fails to abide by or comply witha final award, the Party whose investor was a party to thearbitration may have recourse to the dispute settlementprocedure under Chapter 15. In this event, the requesting Party may seek: (a) a determination that the failure to abide by orcomply with the final award is inconsistent withthe obligations of this Agreement; and (b) a recommendation that the Party abide by orcomply with the final award.
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Finality and Enforcement of an Award. 1. An award made by a Tribunal established under this Section shall have no binding force except between the disputing parties and in respect of the particular case. 2. Subject to paragraph 3 and the applicable review procedure for an award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) one hundred and twenty (120) days have elapsed from the date the award was rendered and no disputing party has requested explanation, revision or annulment of the award; or (ii) explanation, revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules, the UNCITRAL Arbitration Rules, or the ICC Arbitration Rules: (i) ninety (90) days have elapsed from the date the award was rendered and no disputing party, has used pertinent legal remedies; or
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Finality and Enforcement of an Award. 1. For greater certainty, an award rendered by a tribunal shall have no binding force except upon the disputing parties and then only in respect of the particular case.
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Finality and Enforcement of an Award. 1. For greater certainty, the award made by a tribunal shall have no compulsory force except the fighting sections and only in respect of the particular case,
Sample 1
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Finality and Enforcement of an Award. 1. An award made by a Tribunal established under this Section shall have no binding force except between the disputing parties and in respect of the particular case. 2. Subject to paragraph 3 and the applicable review procedure for an award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: a) in the case of a final award made under the ICSID Convention: i) one hundred and twenty (120) days have elapsed from the date the award was rendered and no disputing party has requested explanation, revision or annulment of the award, or ii) explanation, revision or annulment proceedings have been completed; and b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: i) ninety (90) days have elapsed from the date the award was rendered and no disputing party, has used pertinent legal remedies; or ii) a court has dismissed or allow the application of pertinent legal remedies against the award and the there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. If a disputing party fails to abide by or comply with a final award, the Commission, on delivery of a request by a Party whose investor was a party to the arbitration, shall establish a panel under Article 18.07 (Establishment of an Arbitral Panel). The requesting Party may seek in such proceedings: a) a determination that the failure to abide by or comply with the final award is inconsistent with the obligations of this Agreement; and b) a recommendation that the Party abide by or comply with the final award. 6. A disputing investor may seek enforcement of an arbitration award under the New York Convention, or the ICSID Convention, regardless of whether proceedings have been taken under paragraph 5. 7. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for purposes of Article 1 of the New York Convention.
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Related to Finality and Enforcement of an Award

  • Interpretation and Enforcement 1. The Parties shall take all appropriate measures, whether general or specific, to ensure fulfilment of the obligations arising out of this Agreement and shall refrain from any measures which would jeopardise attainment of the objectives of this Agreement.

  • Compliance and Enforcement If Contractor willfully fails to comply with any of the provisions of the LBE Ordinance, the rules and regulations implementing the LBE Ordinance, or the provisions of this Agreement pertaining to LBE participation, Contractor shall be liable for liquidated damages in an amount equal to Contractor’s net profit on this Agreement, or 10% of the total amount of this Agreement, or $1,000, whichever is greatest. The Director of the City’s Human Rights Commission or any other public official authorized to enforce the LBE Ordinance (separately and collectively, the “Director of HRC”) may also impose other sanctions against Contractor authorized in the LBE Ordinance, including declaring the Contractor to be irresponsible and ineligible to contract with the City for a period of up to five years or revocation of the Contractor’s LBE certification. The Director of HRC will determine the sanctions to be imposed, including the amount of liquidated damages, after investigation pursuant to Administrative Code §14B.17. By entering into this Agreement, Contractor acknowledges and agrees that any liquidated damages assessed by the Director of the HRC shall be payable to City upon demand. Contractor further acknowledges and agrees that any liquidated damages assessed may be withheld from any monies due to Contractor on any contract with City. Contractor agrees to maintain records necessary for monitoring its compliance with the LBE Ordinance for a period of three years following termination or expiration of this Agreement, and shall make such records available for audit and inspection by the Director of HRC or the Controller upon request.

  • Audits, Inspection and Enforcement Within ten (10) days of a request by CE, BA and its agents and subcontractors shall allow CE or its agents or subcontractors to conduct a reasonable inspection of the facilities, systems, books, records, agreements, policies and procedures relating to the use or disclosure of Protected Information pursuant to this Addendum for the purpose of determining whether BA has complied with this Addendum or maintains adequate security safeguards; provided, however, that (i) BA and CE shall mutually agree in advance upon the scope, timing, and location of such an inspection, (ii) CE shall protect the confidentiality of all confidential and proprietary information of BA to which CE has access during the course of such inspection; and (iii) CE shall execute a nondisclosure agreement, upon terms mutually agreed upon by the parties, if requested by BA. The fact that CE inspects, or fails to inspect, or has the right to inspect, BA’s facilities, systems, books, records, agreements, policies, and procedures does not relieve BA of its responsibility to comply with this Addendum, nor does CE’s (i) failure to detect or (ii) detection, but failure to notify BA or require BA’s remediation of any unsatisfactory practices, constitute acceptance of such practice or a waiver of CE’s enforcement rights under the Contract or Addendum. BA shall notify CE within five (5) days of learning that BA has become the subject of an audit, compliance review, or complaint investigation by the Office of Civil Rights or other state or federal government entity.

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