Common use of Commencement of Arbitration Clause in Contracts

Commencement of Arbitration. If the Parties and, at the [Sponsor’s] option, all Other Participants required by the [Sponsor] to participate, have been unable to reach agreement as contemplated in Sections 1.6 and 1.7, as applicable, then the [Sponsor] shall commence arbitration by delivering a written notice (the “Request”) to the Participant and such Other Participants required by the [Sponsor] to participate (collectively the “Arbitration Participants”). If the [Sponsor] has not already done so, the [Sponsor] shall then deliver to the Arbitration Participants the names of all Arbitration Participants. Within twenty (20) Business Days of the delivery of the Request, the [Sponsor] shall deliver to the Arbitration Participants a written notice nominating an arbitrator who shall be familiar with commercial law matters and has no financial or personal interest in the business affairs of any of the parties. Within twenty (20) Business Days of the receipt of the [Sponsor’s] notice nominating its arbitrator, the Arbitration Participants shall by written notice to the [Sponsor] nominate an arbitrator who shall be familiar with commercial law matters and has no financial or personal interest in the business affairs of any of the parties. The two arbitrators nominated shall then select a chair person of the arbitration panel (the “Arbitration Panel”) who shall be a former judge of a Superior Court or appellate court in Canada.

Commencement of Arbitration. If the Parties and, at the [Sponsor’s] Buyer’s option, all Other Participants Suppliers required by the [Sponsor] Buyer to participate, have been unable to reach agreement as contemplated in Sections 1.6 and 1.7Section 1.7 of this Agreement, as applicable, then the [Sponsor] Buyer shall commence arbitration by delivering a written notice (the “Request”) to the Participant Supplier and such Other Participants Suppliers required by the [Sponsor] Buyer to participate (collectively the “Arbitration ParticipantsSuppliers”). If the [Sponsor] Buyer has not already done so, the [Sponsor] Buyer shall then deliver to the Arbitration Participants Suppliers the names of all Arbitration Participantssuch Other Suppliers. Within twenty (20) Business Days days of the delivery of the Request, the [Sponsor] Buyer shall deliver to the Arbitration Participants Suppliers a written notice nominating an arbitrator who shall be familiar with commercial law matters and has no financial or personal interest in the business affairs of any of the parties. Within twenty (20) Business Days days of the receipt of the [Sponsor’s] Buyer’s notice nominating its arbitrator, the Arbitration Participants Suppliers shall by written notice to the [Sponsor] Buyer nominate an arbitrator who shall be familiar with commercial law matters and has no financial or personal interest in the business affairs of any of the parties. The two (2) arbitrators nominated shall then select a chair person chairperson of the arbitration panel (the “Arbitration Panel”) who shall be a former judge of a Superior Court or appellate court in Canada.

Commencement of Arbitration. If the Parties and, at the [Sponsor’s] ’s option, all Other Participants required by the [Sponsor] Sponsor to participate, have been unable to reach agreement as contemplated in Sections 1.6 and 1.7, as applicable, then the [Sponsor] Sponsor shall commence arbitration by delivering a written notice (the “Request”) to the Participant and such Other Participants required by the [Sponsor] Sponsor to participate (collectively the “Arbitration Participants”). If the [Sponsor] Sponsor has not already done so, the [Sponsor] Sponsor shall then deliver to the Arbitration Participants the names of all Arbitration Participants. Within twenty (20) Business Days of the delivery of the Request, the [Sponsor] Sponsor shall deliver to the Arbitration Participants a written notice nominating an arbitrator who shall be familiar with commercial law matters and has no financial or personal interest in the business affairs of any of the parties. Within twenty (20) Business Days of the receipt of the [Sponsor’s] ’s notice nominating its arbitrator, the Arbitration Participants shall by written notice to the [Sponsor] Sponsor nominate an arbitrator who shall be familiar with commercial law matters and has no financial or personal interest in the business affairs of any of the parties. The two arbitrators nominated shall then select a chair person of the arbitration panel (the “Arbitration Panel”) who shall be a former judge of a Superior Court or appellate court in Canada.

Commencement of Arbitration. If the Parties and, at the [Sponsor’s] ’s option, all Other Participants Suppliers required by the [Sponsor] Sponsor to participate, have been unable to reach agreement as contemplated in Sections 1.6 1.7, 2.8 and 1.712.2 of this Agreement, as applicable, then the [Sponsor] Sponsor shall commence arbitration by delivering a written notice (the “Request”) to the Participant Supplier and such Other Participants Suppliers required by the [Sponsor] Sponsor to participate (collectively the “Arbitration ParticipantsSuppliers”). If the [Sponsor] Sponsor has not already done so, the [Sponsor] Sponsor shall then deliver to the Arbitration Participants Suppliers the names of all Arbitration Participantssuch Other Suppliers. Within twenty (20) Business Days 20 days of the delivery of the Request, the [Sponsor] Sponsor shall deliver to the Arbitration Participants Suppliers a written notice nominating an arbitrator who shall be familiar with commercial law matters and has no financial or personal interest in the business affairs of any of the parties. Within twenty (20) Business Days 20 days of the receipt of the [Sponsor’s] ’s notice nominating its arbitrator, the Arbitration Participants Suppliers shall by written notice to the [Sponsor] Sponsor nominate an arbitrator who shall be familiar with commercial law matters and has no financial or personal interest in the business affairs of any of the parties. The two arbitrators nominated shall then select a chair person of the arbitration panel (the “Arbitration Panel”) who shall be a former judge of a Superior Court or appellate court in Canada.