Common use of Arbitration Remedy Clause in Contracts

Arbitration Remedy. 5.3.2.1 Notwithstanding anything contained in this Agreement to the contrary, as the sole remedy for a violation of Section 5.3.1, AACS LA has the right to initiate arbitration over whether the pricing differential of Managed Copies pursuant to a Mandatory MC Offer is in violation of Section 5.3.1 (“MC Pricing Arbitration”). Such MC Pricing Arbitration shall be initiated by notice to Content Provider no more than one (1) year from date that Content Provider first posts to the Managed Copy Server the Mandatory MC Offer at issue. [Note that each Founder Studio agrees to abstain from any such arbitration in which such Founder Studio is not a party.]

Arbitration Remedy. 5.3.2.1 Notwithstanding anything contained in this Agreement to the contrary, as the sole remedy for a violation of Section 5.3.1, AACS LA has the right to initiate arbitration over whether the pricing differential of Managed Copies pursuant to a Mandatory MC Offer is in violation of Section 5.3.1 (“MC Pricing Arbitration”). Such MC Pricing Arbitration shall be initiated by notice to Content Provider Participant no more than one (1) year from date that Content Provider Participant first posts to the Managed Copy Server the Mandatory MC Offer at issue. [Note that each Founder Studio agrees to abstain from any such arbitration in which such Founder Studio is not a party.]