ARBITRATION; APPLICABLE LAW. 17.1 Any dispute between the Global Fund and the CCM Funding Recipient arising out of or relating to this Agreement that is not settled amicably shall be submitted to arbitration at the request of either Party. The arbitration shall be conducted in accordance with UNCITRAL Arbitration Rules as at present in force. The Global Fund and the CCM Funding Recipient agree to be bound by the arbitration award rendered in accordance with such arbitration, as the final adjudication of any such dispute, controversy, or claim. 17.2 For any dispute for which the amount at issue is 100,000 United States dollars or less, there shall be one arbitrator. 17.3 For any dispute for which the amount at issue is greater than 100,000 United States dollars, there shall be three arbitrators appointed as follows: The Global Fund and the CCM Funding Recipient shall each appoint one arbitrator, and the two arbitrators so appointed shall jointly appoint a third who shall be the chairperson. 17.4 This Agreement shall be governed by the principles of international commercial law, as codified in the UNIDROIT Principles of International Commercial Contracts (2010).
Appears in 3 contracts
Samples: Funding Agreement, Standard Terms and Conditions, Funding Agreement
