Common use of Arbitration Award and Right of Appeal Clause in Contracts

Arbitration Award and Right of Appeal. At the timely request of either party, the arbitrator shall provide a written explanation for the award. However, if the amount in controversy exceeds $50,000, you or we can, within 15 days after the entry of the award by the arbitrator, appeal the award to a three-arbitrator panel administered by the administrator. The panel shall reconsider anew any aspect of the initial award requested by the appealing party. The decision of the panel shall be by majority vote. Reference in this Arbitration Provision to “the arbitrator” shall mean the panel if an appeal of the arbitrator’s decision has been taken. The costs of such an appeal will be borne in accordance with Subsection K above. The original award or any subsequent award on the appeal described above shall be final and binding, subject to any further appeal rights under the FAA, and may be entered as a judgment by any court having jurisdiction.

Appears in 5 contracts

Samples: Online Services Agreement, Online Services Agreement, Online Services Agreement

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Arbitration Award and Right of Appeal. At the timely request of either party, the arbitrator shall provide a written explanation for the award. However, if the amount in controversy exceeds $50,000, you or we can, within 15 days after the entry of the award by the arbitrator, appeal the award to a three-arbitrator panel administered by the administrator. The panel shall reconsider anew any aspect of the initial award requested by the appealing party. The decision of the panel shall be by majority vote. Reference in this Arbitration Provision to “the arbitrator” shall mean the panel if an appeal of the arbitrator’s decision has been taken. The costs of such an appeal will be borne in accordance with Subsection K above. the paragraph above titled “Location and Costs of Arbitration.” The original award or any subsequent award on the appeal described above shall be final and binding, subject to any further appeal rights under the FAA, and may be entered as a judgment by any court having jurisdiction.

Appears in 4 contracts

Samples: State Employees, www.lgfcu.org, www.lgfcu.org

Arbitration Award and Right of Appeal. At the timely request of either party, the arbitrator shall provide a written explanation for the award. However, if the amount in controversy exceeds $50,000, you or we can, within 15 days after the entry of the award by the arbitrator, appeal the award to a three-arbitrator panel administered by the administrator. The appeal panel shall reconsider anew any aspect of the initial award requested by the appealing party. The decision of the panel shall be by majority vote. Reference in this Arbitration Provision to “the arbitrator” shall mean the panel if an appeal of the arbitrator’s decision has been taken. The costs of such an appeal will be borne in accordance with Subsection K above. the paragraph above titled “Location and Costs of Arbitration.” The original award or any subsequent award on the appeal described above shall be final and binding, subject to any further appeal rights under the FAA, and may be entered as a judgment by any court having jurisdiction.

Appears in 4 contracts

Samples: Deposit Agreement, Deposit Agreement, www.truliantfcu.org

Arbitration Award and Right of Appeal. At the timely request of either party, the arbitrator shall provide a written explanation for the award. However, if the amount in controversy exceeds $50,000, you or we can, within 15 days after the entry of the award by the arbitrator, appeal the award to a three-arbitrator panel administered by the administrator. The appeal panel shall reconsider anew any aspect of the initial award requested by the appealing party. The decision of the panel shall be by majority vote. Reference in this Arbitration Provision to "the arbitrator" shall mean the panel if an appeal of the arbitrator’s 's decision has been taken. The costs of such an appeal will be borne in accordance with Subsection K above. the paragraph above titled "Location and Costs of Arbitration." The original award or any subsequent award on the appeal described above shall be final and binding, subject to any further appeal rights under the FAAFM, and may be entered as a judgment by any court having jurisdiction.

Appears in 2 contracts

Samples: www.truliantfcu.org, www.truliantfcu.org

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Arbitration Award and Right of Appeal. At the timely request of either party, the arbitrator shall provide a written explanation for the award. However, if the amount in controversy exceeds $50,000, you or we can, within 15 days after the entry of the award by the arbitrator, appeal the award to a three-three- arbitrator panel administered by the administrator. The panel shall reconsider anew any aspect of the initial award requested by the appealing party. The decision of the panel shall be by majority vote. Reference in this Arbitration Provision to “the arbitrator” shall mean the panel if an appeal of the arbitrator’s decision has been taken. The costs of such an appeal will be borne in accordance with Subsection K above. the paragraph above titled “Location and Costs of Arbitration.” The original award or any subsequent award on the appeal described above shall be final and binding, subject to any further appeal rights under the FAA, and may be entered as a judgment by any court having jurisdiction.

Appears in 1 contract

Samples: Box Lease Agreement

Arbitration Award and Right of Appeal. At the timely request of either party, the arbitrator Arbitrator shall provide a written explanation for the award. However, if the amount in controversy exceeds $50,000100,000, you or we can, within 15 fifteen (15) days after the entry of the award by the arbitratorArbitrator, appeal the award to a three-arbitrator Arbitrator panel administered by the administrator. The panel shall reconsider anew any aspect of the initial award requested by the appealing party. The decision of the panel shall be by majority vote. Reference in this Arbitration Provision to “the arbitratorArbitrator” shall mean the panel if an appeal of the arbitratorArbitrator’s decision has been taken. The costs of such an appeal will be borne in accordance with Subsection K above. the paragraph above titled “Location and Costs of Arbitration.” The original award or any subsequent award on the appeal described above shall be final and binding, subject to any further appeal rights under the FAA, and may be entered as a judgment by any court having jurisdiction.

Appears in 1 contract

Samples: bell.bank

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