Common use of Number of Arbitrators Clause in Contracts

Number of Arbitrators. The number of arbitrators shall be three (3). The three arbitrators shall be selected as follows: (a) within ten (10) days of delivery of any demand for arbitration, each party shall submit to the other party the name of three (3) candidates nominated from the then-current list of retired judges or justices at the San Diego office of JAMS/Endispute; (b) within five (5) days of delivery of the opposing party's list, each party shall submit to the other party the names of two (2) candidates proposed by the opposing party which are to be stricken from the opposing party's nomination list, with the non-challenged candidates serving as two (2) of the three (3) arbitrators; (c) the parties will then confer on the selection of a third arbitrator and, if no agreement can be reached within five (5) days, JAMS/Endispute shall appoint the third arbitrator from the list of retired judges or justices at the San Diego office of JAMS/Endispute.

Appears in 4 contracts

Samples: Membership Interest Purchase Agreement (Saint Andrews Golf Corp), Membership Interest Purchase Agreement (Saint Andrews Golf Corp), Option Agreement (Saint Andrews Golf Corp)

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