Common use of Arbitral Award Clause in Contracts

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 to this Agreement hereby waive all challenges to any award of an arbitrator under this Annex A. Each of the parties hereby expressly confirms that its 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. Each of the parties further expressly confirms that any arbitral award rendered against the Company or the Major Stockholders pursuant to this Annex A will be enforceable against such party 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. 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 to this Agreement hereby waive all challenges challenge to any award of an arbitrator under this Annex Exhibit A. Each of the parties Parties hereby expressly confirms that its 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. Each of the parties Parties further expressly confirms that any arbitral award rendered against the Company or the Major Stockholders such party pursuant to this Annex A Exhibit A, will be enforceable against such party 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. 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 lawsLaws, the parties to this Agreement Parties hereby waive all challenges challenge to any award of an arbitrator under this Annex A. Each of the parties II. The Bank hereby expressly confirms that its 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. Each of the parties The Bank further expressly confirms that any arbitral award rendered against the Company or the Major Stockholders Bank pursuant to this Annex A II will be enforceable against such party 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. 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 to this Agreement hereby waive all challenges challenge to any award of an arbitrator under this Annex A. Each of the parties hereby expressly confirms that its 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. Each of the parties further expressly confirms that any arbitral award rendered against the Company or the Major Stockholders such party pursuant to this Annex A A, will be enforceable against such party 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.