Common use of Allocation of Costs and Currency of the Award Clause in Contracts

Allocation of Costs and Currency of the Award. The party against which an award is issued pursuant to this Section 13., must pay all expenses and costs accrued by reason of the arbitration proceeding in question, including the expenses and costs corresponding to the arbitrators and ICC. Except for that set forth in the immediately preceding sentence, each of the parties must pay all the expenses and costs incurred by such party in connection with the arbitration proceeding other than those mentioned above. Any monetary award must be made in dollars, lawful currency of the United States of America and may be paid in such currency or in lawful currency of the United Mexican States at the exchange rate in effect on the date of payment at the election of the debtor, free from any tax or other deduction, and must include interest as from the date of any default or other breach of this Agreement, as of the date on which the award is paid, with a fair interest rate determined by the arbitrators.

Allocation of Costs and Currency of the Award. The party against which an award is issued entered pursuant to this Section 1310., must pay all expenses and costs that may be accrued by reason of the arbitration proceeding in question, including the any expenses and costs corresponding to the arbitrators and the ICC. Except for that set forth in the immediately preceding sentence, each of the parties must pay all the expenses and costs incurred by such party in connection with the arbitration proceeding other different than those mentioned above. Any monetary award must be made in dollars, lawful currency Dollars of the United States of America and may be paid in such currency or in lawful currency of the United Mexican States at the exchange rate in effect on the date of payment payment, at the election of the debtor, free from any tax or other deduction, and must include interest as from the date of any default or other breach of this Agreement, as of until the date on which the award is paid, with a fair interest rate determined by the arbitrators.