Common use of Administration of Arbitration Clause in Contracts

Administration of Arbitration. The arbitration organization that is selected will apply its code or procedures in effect at the time the arbitration claim is filed unless any portion of that code or those procedures is inconsistent with any specific terms of this arbitration provision and/or this Agreement, in which case this arbitration provision and this Agreement shall prevail. The arbitration will be conducted before a single, neutral arbitrator either a lawyer with at least ten years’ experience or a retired or former judge, selected in accordance with the rules of the arbitration organization. The arbitrator will apply the applicable substantive law, including but not limited to the applicable Uniform Commercial Code, consistent with the Federal Arbitration Act, 9 U.S.C. §§ 1-16 (“FAA”) and the applicable statute of limitations or condition precedent to suit, and will honor claims of privilege recognized at law. The arbitrator will have the power to award to a party any damages or other relief provided for under applicable law and will not have the power to award relief to, against or for the benefit of any person who is not a party to the proceeding. The arbitrator’s authority is limited solely to the claim between you and us. The arbitration may not be consolidated with any other arbitration proceeding. You and the Bank do not agree to any arbitration on any basis to which any party other than you and the Bank, the related parties enumerated above such as heirs, successors and assigns, or any other person obligated on the Account, is involved.

Administration of Arbitration. The arbitration organization that is selected will apply its code or procedures in effect at the time the arbitration claim is filed unless any portion of that code or those procedures is inconsistent with any specific terms of this arbitration provision and/or this Agreement, in which case this arbitration provision and this Agreement shall prevail. The arbitration will be conducted before a single, neutral arbitrator either a lawyer with at least ten years’ years experience or a retired or former judge, selected in accordance with the rules of the arbitration organization. The arbitrator will apply the applicable substantive law, including but not limited to the applicable Uniform Commercial Code, consistent with the Federal Arbitration Act, 9 U.S.C. §§ 1-16 (“FAA”) and the applicable statute of limitations or condition precedent to suit, and will honor claims of privilege recognized at law. The arbitrator will have the power to award to a party any damages or other relief provided for under applicable law law, and will not have the power to award relief to, against or for the benefit of any person who is not a party to the proceeding. The arbitrator’s authority is limited solely to the claim between you and us. The arbitration may not be consolidated with any other arbitration proceeding. You and the Bank do not agree to any arbitration on any basis to which any party other than you and the Bank, the related parties enumerated above such as heirs, successors and assigns, or any other person obligated on the Account, is involved.

Administration of Arbitration. The arbitration organization that is selected will apply its code or procedures in effect at the time the arbitration claim is filed filed, unless any portion of that code or those procedures is inconsistent with any specific terms of this arbitration provision and/or this Agreement, in which case this arbitration provision and this Agreement shall prevail. The arbitration will be conducted before a single, neutral arbitrator either a lawyer with at least ten years’ years experience or a retired or former judge, selected in accordance with the rules of the arbitration organization. The arbitrator will apply the applicable substantive law, including but not limited to the applicable Uniform Commercial Code, consistent with the Federal Arbitration Act, 9 U.S.C. §§ 1-16 (“FAA”) and the applicable statute of limitations or condition precedent to suit, and will honor claims of privilege recognized at law. The arbitrator will have the power to award to a party any damages or other relief provided for under applicable law law, and will not have the power to award relief to, against or for the benefit of any person who is not a party to the proceeding. The arbitrator’s authority is limited solely to the claim between you and us. The arbitration may not be consolidated with any other arbitration proceeding. You and the Bank do not agree to any arbitration on any basis to which any party other than you and the Bank, the related parties enumerated above such as heirs, successors and assigns, or any other person obligated on the Account, is involved.