Common use of Applicable Legislation and Enforcement of Awards Clause in Contracts

Applicable Legislation and Enforcement of Awards. The arbitrators shall decide the Controversy pursuant to the substantive laws of the United Mexican States. In the event that the mandatory enforcement of this award is required in a jurisdiction other than the United Mexican States, the arbitration agreement and any award hereunder, shall be ruled by the Convention of the United Nations of 1958 concerning the Procedure and Enforcement of Foreign Awards. The written decision of the arbitrators, signed by a majority thereof, shall be final and mandatory for the parties. Upon the receipt of such award, each party must immediately (i) adopt such action, (ii) make such changes in the conduct of its business or (iii) make such payments or repayments, required by the arbitration decision, as the case may be. The award may be reviewed and enforced in any court of competent jurisdiction.

Applicable Legislation and Enforcement of Awards. The arbitrators shall decide the Controversy pursuant to the substantive laws of the United Mexican States. In the event that the mandatory enforcement of this award is required in a jurisdiction other than the United Mexican States, the arbitration agreement and any award hereunder, shall be ruled by the Convention of the United Nations of 1958 concerning the Procedure and Enforcement of Foreign Awards. The written decision of the arbitrators, signed by a majority thereof, shall be final and mandatory for the parties. Upon the receipt of such award, each party must immediately (i) adopt such action, (ii) make such changes in the conduct of its business or (iii) make such payments or repayments, required by the arbitration decision, as the case may be. The award may be reviewed and enforced in any court of competent jurisdiction. Such review shall verify the compliance of the award with the formalities required by the applicable legislation.

Applicable Legislation and Enforcement of Awards. The arbitrators shall decide the Controversy pursuant to the substantive laws of the United Mexican States. In case of requiring the event that the mandatory forced enforcement of this such award is required in a jurisdiction other than the United Mexican States, the arbitration agreement and any award hereunder, hereunder shall be ruled governed by the Convention of the United Nations Convention of 1958 concerning on the Procedure Recognition and Enforcement of Foreign Arbitral Awards. The written decision of the arbitrators, signed by a majority thereof, shall be final definitive and mandatory for the parties. Upon the receipt of such award, each party must immediately (i) adopt such the action, (ii) make such the changes in the conduct conduction of its business business, or (iii) make such the payments or repayments, required by repayments that the arbitration decisiondecision requires, as the case may be. The award may be reviewed and enforced in any court of with competent jurisdiction. Such review will verify the compliance of the award with the formalities required by the applicable legislation.

Applicable Legislation and Enforcement of Awards. The arbitrators shall decide the Controversy pursuant to the substantive laws of the United Mexican States. In case of requiring the event that the mandatory forced enforcement of this such award is required in a jurisdiction other than the United Mexican States, the arbitration agreement and any award hereunder, hereunder shall be ruled governed by the Convention of the United Nations Convention of 1958 concerning on the Procedure Recognition and Enforcement of Foreign Arbitral Awards. The written decision of the arbitrators, signed by a majority thereof, shall be final definitive and mandatory for the parties. Upon the receipt of such award, each party must immediately (i) adopt such the action, (ii) make such the changes in the conduct conduction of its business business, or (iii) make such the payments or repayments, required by repayments that the arbitration decisiondecision requires, as the case may be. The award may be reviewed and enforced in any court of with competent jurisdiction.