Common use of Arbitral Award Clause in Contracts

Arbitral Award. Any award in connection with the aforementioned arbitration proceeding shall be final, binding and not subject to appeal, and any judgment upon such award may be entered and enforced in any court of competent jurisdiction. To the extent permitted by applicable laws, the parties to this Agreement hereby waive all challenge to any award of an arbitrator under this Annex A. Each of the parties hereby expressly confirms that its execution of this Agreement and the performance of its obligations thereunder constitute commercial acts and that the relationships created by this Agreement constitute commercial relationships. Each of the parties further expressly confirms that any arbitral award rendered against such party pursuant to this Annex A, will be enforceable against it in accordance with the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards of June 10, 1958 (the "New York Convention") in any jurisdiction that is a signatory to the New York Convention.

Appears in 1 contract

Samples: Stock Purchase Agreement (Gmarket Inc.)

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Arbitral Award. Any award in connection with the aforementioned arbitration proceeding shall be final, binding and not subject to appeal, and any judgment upon such award may be entered and enforced in any court of competent jurisdiction. To the extent permitted by applicable lawsLaws, the parties to this Agreement Parties hereby waive all challenge to any award of an arbitrator under this Annex A. Each of the parties II. The Bank hereby expressly confirms that its the Bank's execution of this Agreement and the performance of its obligations thereunder constitute commercial acts and that the relationships created by this Agreement constitute commercial relationships. Each of the parties The Bank further expressly confirms that any arbitral award rendered against such party the Bank pursuant to this Annex A, II will be enforceable against it in accordance with the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards of June 10, 1958 (the "New York Convention") in any jurisdiction that is a signatory to the New York Convention.

Appears in 1 contract

Samples: Investment Agreement (Goldman Sachs Group Inc/)

Arbitral Award. Any award in connection with the aforementioned arbitration proceeding shall be final, binding and not subject to appeal, and any judgment upon such award may be entered and enforced in any court of competent jurisdiction. To the extent permitted by applicable laws, the parties to this Agreement hereby waive all challenge to any award of an arbitrator under this Annex Exhibit A. Each of the parties Parties hereby expressly confirms that its execution of this Agreement and the performance of its obligations thereunder constitute commercial acts and that the relationships created by this Agreement constitute commercial relationships. Each of the parties Parties further expressly confirms that any arbitral award rendered against such party pursuant to this Annex Exhibit A, will be enforceable against it in accordance with the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards of June 10, 1958 (the "New York Convention") in any jurisdiction that is a signatory to the New York Convention.

Appears in 1 contract

Samples: Stock Purchase Agreement (Gmarket Inc.)

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Arbitral Award. Any award in connection with the aforementioned arbitration proceeding shall be final, binding and not subject to appeal, and any judgment upon such award may be entered and enforced in any court of competent jurisdiction. To the extent permitted by applicable laws, the parties to this Agreement hereby waive all challenge challenges to any award of an arbitrator under this Annex A. Each of the parties hereby expressly confirms that its execution of this Agreement and the performance of its obligations thereunder constitute commercial acts and that the relationships created by this Agreement constitute commercial relationships. Each of the parties further expressly confirms that any arbitral award rendered against such party the Company or the Major Stockholders pursuant to this Annex A, A will be enforceable against it such party in accordance with the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards of June 10, 1958 (the "New York Convention") in any jurisdiction that is a signatory to the New York Convention.

Appears in 1 contract

Samples: Registration Rights Agreement (Gmarket Inc.)

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