Common use of New Arbitrators Clause in Contracts

New Arbitrators. If three arbitrators are selected under the foregoing procedure but two of the three fail to reach an Agreement in the determination of the matter in question, the matter shall be decided by three new arbitrators who shall be appointed and shall proceed in the same manner, and the process shall be repeated until a decision is finally reached by two of the three arbitrators selected.

Appears in 10 contracts

Samples: Subscription Agreement (Redwood Mortgage Investors Viii), Subscription Agreement (Redwood Mortgage Investors Viii), Subscription Agreement (Redwood Mortgage Investors Viii)

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New Arbitrators. If three arbitrators are selected under the foregoing procedure but two (2) of the three (3) arbitrators first appointed shall fail to reach an Agreement agreement in the determination of the matter in question, the matter shall be decided by three (3) new arbitrators arbitrators, who shall be appointed and shall proceed in the same manner, and the process shall be repeated until a decision is finally reached by two (2) of the three (3) arbitrators selected.

Appears in 2 contracts

Samples: Lease Agreement (Boyd Gaming Corp), Ground Lease (OCM HoldCo, LLC)

New Arbitrators. If three arbitrators are selected under the foregoing procedure selected, but no two of the three fail are able to reach an Agreement in agreement regarding the determination of the matter in questiondispute, then the matter shall be decided by three new arbitrators who shall be appointed and shall proceed in the same manner, and the process shall be repeated until a decision is finally reached agreed on by two of the three arbitrators selected.

Appears in 1 contract

Samples: Exhibit 99 (Ednet Inc)

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New Arbitrators. If three arbitrators are selected under the foregoing procedure but two of the three fail to reach an Agreement agreement in the determination of the matter in question, the matter shall be decided by three new arbitrators who shall be appointed and shall proceed in the same manner, and the process shall be repeated until a decision is finally reached by two of the three arbitrators selected.

Appears in 1 contract

Samples: Royalty Agreement (Great Plains Holdings, Inc.)

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