Final and Binding definition

Final and Binding means, with respect to any calculation or determination, that such calculation or determination shall have the same preclusive effect for all purposes as if such calculation or determination had been embodied in a final judgment, no longer subject to appeal, entered by a court of competent jurisdiction.
Final and Binding means that the aforesaid determinations shall have the same preclusive effect for all purposes as if such determinations had been embodied in a final judgment, no longer subject to appeal, entered by a court of competent jurisdiction. The arbitration panel shall render its award in writing, setting forth the facts underlying, and the reasons for determining, such award. Judgment upon the award maybe entered in any court having jurisdiction, pursuant to the Federal Arbitration Act. The non-prevailing party shall reimburse the prevailing party for (i) the fees and expenses of the arbitrators, (ii) the fees and expenses of the umpire, and (iii) the other reasonable expenses of the arbitration, unless (with respect to the foregoing clauses (i) to (iii)) the arbitration panel determines that the non-prevailing party had reasonable good faith grounds for asserting its position in such arbitration proceeding, in which case the fees shall be allocated as determined by the arbitrators. In the event that either party to this Agreement refuses to submit to arbitration as required by this Section 8.12, the other party may request the court specified in Section 8.11 to compel arbitration in accordance with the Federal Arbitration Act.
Final and Binding shall have the meaning set forth in Section 14.01(e).

Examples of Final and Binding in a sentence

  • Decisions Final and Binding: Decisions of the State on matters discussed in this section shall be final and binding.

  • Decisions Final and Binding: Decisions of the Municipality on matters discussed in this article shall be final and binding.

  • Final and Binding Arbitration For grievances proceeding to final and binding arbitration, the following procedures apply:1.

  • Decisions Final and Binding: Decisions of the State on matters discussed in this Section 203.01 shall be final and binding.

  • DISPUTE :In Case of any Dispute, Arising between the Contractor and Executive Engineer / Superintending Engineer, the Decision of Superintending Engineer, E.T.C., Bareilly / Chief Engineer (T.C.) U.P.P.T.C.L., Lucknow, Respectively will be the Final and Binding on the both sides.


More Definitions of Final and Binding

Final and Binding shall have the meaning set forth in Section 2.03(d) hereof.
Final and Binding as used in this section shall mean that the grievant and the District shall comply with the decision of the Board unless a court of competent jurisdiction directs otherwise.
Final and Binding means a decision or determination which (i) is not subject to any judicial review or appeal whatsoever, other than by writ of certiorari or its equivalent, to determine if the decision or determination was arbitrary or capricious or in violation of Law, and (ii) shall be presumed correct in any action or proceeding.
Final and Binding has the meaning set forth in Section 2.11(e).
Final and Binding means that the aforesaid determinations shall have the same preclusive effect for all purposes as if such determinations had been embodied in a final judgment, no longer subject to appeal, entered by a court of competent jurisdiction. The Closing Cash, the Closing Indebtedness, the Net Working Capital Table of Contents
Final and Binding means that the aforesaid determinations shall have the same preclusive effect for all purposes as if such determinations had been embodied in a final judgment, no longer subject to appeal, entered by a court of competent jurisdiction, and either party may petition a court having jurisdiction over the parties and subject matter to reduce such decision to judgment. The fees, costs and expenses of retaining the Merger Consideration Adjustment Arbitrator shall be allocated by the Merger Consideration Adjustment Arbitrator
Final and Binding means that the aforesaid determinations shall have the same preclusive effect for all purposes as if such determinations had been embodied in a final judgment, no longer subject to appeal, entered by a court of competent jurisdiction. The fees, costs and expenses of retaining the Third Party Consultant shall be shared 50% by the Company, on the one hand, and 50% by Reinsurer, on the other.