Common use of External Arbitration Procedures Clause in Contracts

External Arbitration Procedures. Any arbitration initiated under this Section shall be conducted before a single neutral arbitrator appointed by the parties to the arbitration. If the parties fail to agree upon a single arbitrator within ten (10) days of the referral of the dispute, each party to the arbitration shall choose one arbitrator who shall sit on an arbitration panel. If an even number of arbitrators are empaneled, the arbitrators shall within twenty (20) days select one additional arbitrator to chair the panel. If an odd number of arbitrators are empaneled, the arbitrators shall elect the chair by simple majority vote. The parties to the dispute may mutually agree to select a lessor number of arbitrators. All arbitrators empaneled shall be knowledgeable in electric utility matters, including electric transmission and bulk power issues, and shall not have any current or past business, social or financial relationship with any party to the arbitration (except prior arbitrations). The arbitrators shall provide each of the parties an opportunity to be heard and, except as otherwise provided herein, shall generally conduct the arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association and any applicable FERC regulations.

External Arbitration Procedures. Any arbitration initiated under this Section shall be conducted before a single neutral arbitrator appointed by the parties to the arbitration. If the parties fail to agree upon a single arbitrator within ten (10) days of the referral of the dispute, each party to the arbitration shall choose one arbitrator who shall sit on an arbitration panel. If an even number of arbitrators are empaneled, the arbitrators shall within twenty (20) days select one additional arbitrator to chair the panel. If an odd number of arbitrators are empaneled, the arbitrators shall elect the chair by simple majority vote. The parties to the dispute may mutually agree to select a lessor number of arbitrators. All arbitrators empaneled shall be knowledgeable in electric utility matters, including electric transmission and bulk power issues, and shall not have any current or past businesssubstantial businessbusiness, social or financial relationship with any party to the arbitration (except prior arbitrations). The arbitrators shall provide each of the parties an opportunity to be heard and, except as otherwise provided herein, shall generally conduct the arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association and any applicable FERC regulations.

External Arbitration Procedures. Any arbitration initiated under this Section 8.02 shall be conducted before a single neutral arbitrator appointed by the parties to the arbitration. If the parties fail to agree upon a single arbitrator within ten (10) days of the referral of the dispute, each party to the arbitration shall choose one arbitrator who shall sit on an arbitration panel. If an even number of arbitrators are empaneledareis empanelled, the arbitrators shall within twenty (20) days select one additional arbitrator to chair the panel. If an odd number of arbitrators are empaneledareis empanelled, the arbitrators shall elect the chair by simple majority vote. The parties to the dispute may mutually agree to select a lessor lessorlesser number of arbitrators. All arbitrators empaneled empanelled shall be knowledgeable in electric utility matters, including electric transmission and bulk power issues, and shall not have any current or past business, social substantial business or financial relationship with any party to the arbitration (except prior arbitrations). The arbitrators shall provide each of the parties an opportunity to be heard and, except as otherwise provided herein, shall generally conduct the arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association and any applicable FERC regulations.

External Arbitration Procedures. Any arbitration initiated under this Section 8.02 shall be conducted before a single neutral arbitrator appointed by the parties to the arbitration. If the parties fail to agree upon a single arbitrator within ten (10) days of the referral of the dispute, each party to the arbitration shall choose one arbitrator who shall sit on an arbitration panel. If an even number of arbitrators are empaneledis empanelled, the arbitrators shall within twenty (20) days select one additional arbitrator to chair the panel. If an odd number of arbitrators are empaneledis empanelled, the arbitrators shall elect the chair by simple majority vote. The parties to the dispute may mutually agree to select a lessor lesser number of arbitrators. All arbitrators empaneled empanelled shall be knowledgeable in electric utility matters, including electric transmission and bulk power issues, and shall not have any current or past business, social substantial business or financial relationship with any party to the arbitration (except prior arbitrations). The arbitrators shall provide each of the parties an opportunity to be heard and, except as otherwise provided herein, shall generally conduct the arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association and any applicable FERC regulations.