Arbitral Award Sample Clauses
The Arbitral Award clause defines the process and effect of the final decision rendered by an arbitration panel in the event of a dispute between parties. Typically, this clause outlines that the arbitrators’ decision is binding and enforceable, and may specify the timeframe for issuing the award or the jurisdiction in which it can be enforced. Its core practical function is to ensure that disputes are conclusively resolved outside of court, providing certainty and finality to the parties involved.
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Arbitral Award. The award of the arbitrator shall be issued in a written opinion, which shall set forth the arbitrator’s finding of facts and conclusions, and shall be conclusive and binding upon the Parties. Judgment upon an arbitral award may be entered in any court of competent jurisdiction. The arbitrator shall have the right to order injunctive relief and the payment of attorneys’ fees, costs and other damages.
Arbitral Award. 34.1: The award shall be made in writing and shall be signed by the arbitrator or arbitrators. In arbitral proceedings with more than one arbitrator, the signatures of the majority of all members of the arbitral tribunal shall suffice, provided that the reason for any omitted signature is stated.
34.2: The award shall contain full identification of the parties to the arbitral proceedings and their legal representatives and the names of the arbitrators who have rendered the award.
34.3: The award shall state the reasons upon which it is based, unless the parties have agreed that no reasons are to be given or the award is an award on agreed terms under section 32 sub. 2.
Arbitral Award. The arbitral award shall be in writing, state only the damages and injunctive relief granted and be final and binding on the parties. The parties hereto expressly waive and forgo any right to punitive, exemplary or similar damages as a result of any Claim. The arbitrators shall orally state the reasoning on which the arbitral award rests but shall not state such reasoning in any writing. The arbitration panel shall endeavor to issue the arbitral award within six months of the Request, but failure to do so shall not effect the validity of the arbitral award. The parties agree that the existence and contents of the entire arbitration, including the award, shall be deemed a compromise of a dispute under Rule 408 of the Federal Rules of Evidence, shall not be discoverable in any proceeding, shall not be admissible in any court (except for the enforcement thereof) or arbitration and shall not bind or collaterally estop either party with respect to any claim or defense made by any third party.
Arbitral Award. There shall be made against Ecuador or the Central Bank in a matter related to External Indebtedness (other than Excluded Indebtedness) an arbitral award by a tribunal of competent jurisdiction from which no appeal or application to set aside may be made, or is made within the time limit for doing so, for the payment of money in excess of USD50,000,000 (or its equivalent in any other currency or currencies) and one hundred twenty (120) days shall have passed since the making of any such award without Ecuador having satisfied the award.
Arbitral Award. Judgment upon the award so rendered may be entered in any court having jurisdiction or application may be made to such court for judicial acceptance of any award and an order of enforcement, as the case may be.
Arbitral Award. Any award in connection with the aforementioned arbitration proceeding shall be final, binding and not subject to appeal, and any judgment upon such award may be entered and enforced in any court of competent jurisdiction. To the extent permitted by applicable Laws, the Parties hereby waive all challenge to any award of an arbitrator under this Annex II. The Bank hereby expressly confirms that the Bank's execution of this Agreement and the performance of its obligations thereunder constitute commercial acts and that the relationships created by this Agreement constitute commercial relationships. The Bank further expressly confirms that any arbitral award rendered against the Bank pursuant to this Annex II will be enforceable against it in accordance with the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards of June 10, 1958 (the "New York Convention") in any jurisdiction that is a signatory to the New York Convention.
Arbitral Award. The arbitral award shall be final and binding upon the parties, and if any party fails to honor the arbitral award, the other party may apply to a court of competent jurisdiction to enforce such arbitral award.
Arbitral Award. The arbitral award shall be in writing and, unless all the parties agree otherwise, shall state the reasons upon which it is based. The award shall be final and binding on the parties. The award shall not include an award of attorney’s fees and expenses or costs of the arbitration. Judgment upon the award may be entered and enforced by any court having jurisdiction thereof or having jurisdiction over the parties or their assets.
Arbitral Award. The parties expressly agree that leave to appeal under Section 45 or Section 69 of the English Arbitration Act 1996 may not be sought with respect to any question of law arising ▇▇ ▇▇▇ course of the arbitration or with respect to any award made. In order to further ensure the final and binding nature of the arbitral award, the parties expressly agree to waive any time limits contained in the Law of the Republic of Indonesia No. 30 of 1999. The award shall be final and binding upon the parties as from the date rendered. Judgment upon any award may be entered in any court having jurisdiction thereof.
Arbitral Award. The determination which shall be made by the said arbitrators and umpire, or a majority of them, or by the single arbitrator, as the case may be, shall be final and binding on the Parties and the cost of the arbitration and the remuneration of the arbitrators and the umpire shall, be borne by the Parties as may be specified in such determination. It is agreed that any Party may amend or supplement its submission hereunder, provided, only, that the other disputing Party or Parties receive a copy thereof and are given the opportunity to reply thereto.