Common use of Appointment of a single Expert Clause in Contracts

Appointment of a single Expert. The procedure for the appointment of an Expert shall be as follows: a) The Party requesting the appointment of an Expert shall notify the other Party hereof by registered mail, mentioning details of the matter which is proposed to be resolved by the Expert. b) Upon receipt of the written request, the Parties shall meet as soon as possible in an endeavour to agree upon the appointment of a single Expert to whom the matter in dispute shall be referred for opinion within five (5) Business Days after such notification. c) If the Parties fail to meet or cannot agree on an Expert within five (5) Business Days from the dispatch date of the said registered notice, the most diligent Party will refer the matter either to the President for the time being of the Belgian Centre for Mediation and Arbitration (CEPANI), Brussels, or the President of the Commercial Court in Brussels in accordance with Article 588 of the Belgian Judicial Code, who shall be requested to appoint an Expert. The jurisdictional authority firstly seized (between the President of the CEPANI and the President of the Brussels Commercial Court) shall have exclusive jurisdiction to appoint the Expert. d) Once the Expert has been appointed, the most diligent Party shall notify within five

Appears in 10 contracts

Samples: Transmission Agreement, Standard Transmission Agreement, Transmission Agreement

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Appointment of a single Expert. The procedure for the appointment of an Expert shall be as follows: a) The Party requesting the appointment of an Expert shall notify the other Party hereof by registered mail, mentioning details of the matter which is proposed to be resolved by the Expert. b) Upon receipt of the written request, the Parties shall meet as soon as possible in an endeavour to agree upon the appointment of a single Expert to whom the matter in dispute shall be referred for opinion within five (5) Business Days after such notification. c) If the Parties fail to meet or cannot agree on an Expert within five (5) Business Days from the dispatch date of the said registered notice, the most diligent Party will refer the matter either to the President for the time being of the Belgian Centre for Mediation and Arbitration (CEPANI), Brussels, or the President of the Commercial Court in Brussels in accordance with Article 588 of the Belgian Judicial Code, who shall be requested to appoint an Expert. The jurisdictional authority firstly seized (between the President of the CEPANI and the President of the Brussels Commercial Court) shall have exclusive jurisdiction to appoint the Expert.of d) Once the Expert has been appointed, the most diligent Party shall notify within five

Appears in 1 contract

Samples: Transmission Agreement

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