Common use of Administrative Body Clause in Contracts

Administrative Body. All arbitration hereunder will be conducted in accordance with the Commercial Arbitration Rules of: (a) The American Arbitration Association (“AAA”). The arbitration rules are currently found at wxx.xxx.xxx for AAA. All arbitrator(s) selected will be attorneys with at least 5 years secured transactions experience. A panel of 3 arbitrators shall hear all claims exceeding One Million Dollars ($1,000,000), exclusive of interest, costs and attorneys’ fees. The arbitrator(s) will decide if any inconsistency exists between the rules of the applicable arbitral forum and the arbitration provisions contained herein. If such inconsistency exists, the arbitration provisions contained herein will control and supersede such rules. The arbitrator shall follow the terms of this agreement and the applicable law, including without limitation, the attorney-client privilege and the attorney work product doctrine.

Appears in 1 contract

Samples: Credit Agreement (I Sector Corp)

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Administrative Body. All arbitration hereunder will be conducted in accordance with the Commercial Arbitration Rules of: (a) The American Arbitration Association ("AAA"). The arbitration rules are currently found at wxx.xxx.xxx xxx.xxx.xxx for AAA. AAA claims may be filed in any AAA office. All arbitrator(s) selected will be attorneys with at least 5 five (5) years secured transactions experience. A panel of 3 three arbitrators shall hear all claims exceeding One Million Dollars ($1,000,000), exclusive of interest, costs and attorneys’ fees. The arbitrator(s) will decide if any inconsistency exists between the rules of the applicable arbitral forum and the arbitration provisions contained herein. If such inconsistency exists, the arbitration provisions contained herein will control and supersede such rules. The arbitrator shall follow the terms of this agreement and the applicable law, including without limitation, the attorney-client privilege and the attorney work product workproduct doctrine.

Appears in 1 contract

Samples: Wholesale Financing Agreement (Emtec Inc/Nj)

Administrative Body. All arbitration hereunder will be conducted in accordance with the Commercial Arbitration Rules of: (a) The American Arbitration Association (“AAA”). The arbitration rules are currently found at wxx.xxx.xxx xxx.xxx.xxx for AAA. All arbitrator(s) selected will be attorneys with at least 5 years secured transactions experience. A panel of 3 arbitrators shall hear all claims exceeding One Million Dollars ($1,000,000), exclusive of interest, costs and attorneys' fees. The arbitrator(s) will decide if any inconsistency exists between the rules of the applicable arbitral forum and the arbitration provisions contained herein. If such inconsistency exists, the arbitration provisions contained herein will control and supersede such rules. The arbitrator shall follow the terms of this agreement Agreement and the applicable law, including without limitation, the attorney-client privilege and the attorney work product doctrine.

Appears in 1 contract

Samples: Credit Agreement (INX Inc)

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Administrative Body. All arbitration hereunder will be conducted in accordance with the Commercial Arbitration Rules of: (a) of The American Arbitration Association ("AAA"). The arbitration rules are currently found at wxx.xxx.xxx xxx.xxx.xxx for AAA. AAA claims may be filed in any AAA office. All arbitrator(s) selected will be attorneys with at least 5 five (5) years secured transactions experience. A panel of 3 three arbitrators shall hear all claims exceeding One Million Dollars ($1,000,000), exclusive of interest, costs and attorneys’ fees. The arbitrator(s) will decide if any inconsistency exists between the rules of the applicable arbitral forum and the arbitration provisions contained herein. If such inconsistency exists, the arbitration provisions contained herein will control and supersede such rules. The arbitrator shall follow the terms of this agreement Agreement and the applicable law, including without limitation, the attorney-client privilege and the attorney work product workproduct doctrine.

Appears in 1 contract

Samples: Business Financing Agreement (Emtec Inc/Nj)

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