Common use of Summary Disposition and Interim Measures Clause in Contracts

Summary Disposition and Interim Measures. (a) The procedures for arbitration of a dispute shall provide a means for summary disposition of a demand for arbitration, or response to a demand for arbitration, that in the reasoned opinion of the arbitrator does not have a good faith basis either in law or fact. If the arbitrator determines that a demand for arbitration, or response to a demand for arbitration, does not have a good faith basis either in law or fact, the arbitrator shall have discretion to award the costs of the time, expenses, and other charges of the arbitrator to the prevailing party.

Appears in 6 contracts

Samples: Exchange Agreement, Operating Agreement, Operating Agreement (Wisconsin Public Service Corp)

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Summary Disposition and Interim Measures. (a) The procedures for arbitration of a dispute Dispute shall provide a means for summary disposition of a demand for arbitration, or response to a demand for arbitration, that in the reasoned opinion of the arbitrator does not have a good faith basis either in law or fact. If the arbitrator determines that a demand for arbitration, or response to a demand for arbitration, does not have a good faith basis either in law or fact, the arbitrator shall have discretion to award the costs of the time, expenses, and other charges of the arbitrator to the prevailing partyParty.

Appears in 2 contracts

Samples: Distribution Transmission Interconnection Agreement (ITC Holdings Corp.), Distribution Transmission Interconnection Agreement (ITC Holdings Corp.)

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