Adjudication by Adjudicatory Board. In the event of constitution of a statutory Adjudicatory Board or such other forum with powers to receive and adjudicate upon disputes between the Concessionaire and the Concessioning Authority, all disputes not settled under Clause 19.2 through conciliation, can alternatively be referred to the Adjudicatory Board or such other forum with mutual consent of the parties in accordance with the applicable laws. For avoidance of doubt, parties hereto agree that notwithstanding anything contained herein above, after adjudication by the statutory Adjudicatory Board or such other forum, the parties cannot refer the dispute, difference or controversy of whatsoever nature again under Clause 19.3 and the adjudication hereunder shall be final and binding.
Appears in 4 contracts
Samples: Escrow Agreement, Concession Agreement, Escrow Agreement
Adjudication by Adjudicatory Board. In the event of constitution of a statutory Adjudicatory Board or such other forum with powers to receive toreceive and adjudicate upon disputes between the Concessionaire and the Concessioning Authority, ,all disputes not settled under Clause 19.2 19.3 through conciliation, can alternatively be referred to the Adjudicatory theAdjudicatory Board or such other forum with mutual consent of the parties in accordance with the applicable lawstheapplicablelaws. For avoidance of doubt, Foravoidance ofdoubt,parties hereto agree that notwithstanding anything contained herein heretoagreethatnotwithstandinganythingcontainedherein above, after adjudication by the statutory Adjudicatory Board or such other forum, the parties cannot partiescannot refer the dispute, difference or controversy of whatsoever nature again under Clause 19.3 and the 19.4andthe adjudication hereunder shall be final and binding.
Appears in 2 contracts
Samples: Concession Agreement, Concession Agreement
Adjudication by Adjudicatory Board. In the event of constitution of a statutory Adjudicatory Board or such other forum with powers to receive and adjudicate upon disputes between amongst the Concessionaire Operator the Authority and the Concessioning AuthorityConfirming Party, all disputes not settled under Clause 19.2 18.2 through conciliation, can alternatively be referred to the Adjudicatory Board or such other forum with mutual consent of the parties in accordance with the applicable laws. For avoidance of doubt, parties hereto agree that notwithstanding anything contained herein above, after adjudication by the statutory Adjudicatory Board or such other forum, the parties cannot refer the dispute, difference or controversy of whatsoever nature again under Clause 19.3 18.3 and the adjudication hereunder shall be final and binding.
Appears in 1 contract
Samples: Tripartite Agreement
Adjudication by Adjudicatory Board. In the event of constitution of a statutory Adjudicatory Board or such other forum with powers to receive and adjudicate upon disputes between the Concessionaire Operator and the Concessioning Authority, all disputes not settled under Clause 19.2 18.2 through conciliation, can alternatively be referred to the Adjudicatory Board or such other forum with mutual consent of the parties in accordance with the applicable laws. For avoidance of doubt, parties hereto agree that notwithstanding anything contained herein above, after adjudication by the statutory Adjudicatory Board or such other forum, the parties cannot refer the dispute, difference or controversy of whatsoever nature again under Clause 19.3 18.3 and the adjudication hereunder shall be final and binding.
Appears in 1 contract
Samples: Substitution Agreement