Common use of Award; Time Limit Clause in Contracts

Award; Time Limit. The arbitrators are empowered to render an award of general compensatory damages and equitable relief (including, without limitation, injunctive relief), but are not empowered to award punitive damages. The award rendered by the arbitrators (A) shall be final; (B) shall, except as required by law, not constitute a basis for collateral estoppel as to any issue; and (C) shall, except as required by law, not be subject to vacation or modification. The arbitrators shall render any award or otherwise conclude the arbitration no later than 120 days after the date notice of demand for binding arbitration is given pursuant to this Section 6(h).

Award; Time Limit. The arbitrators are empowered to render an award of general compensatory damages and equitable relief (including, without limitation, injunctive relief), but are is not empowered to award punitive damages. The award rendered by the arbitrators (A) shall be final; (B) shall, except as required by law, shall not constitute a basis for collateral estoppel as to any issue; and (C) shall, except as required by law, shall not be subject to vacation or modification. The arbitrators shall render any award or otherwise conclude the arbitration no later than 120 days after the date notice of demand for binding arbitration is given pursuant to this Section 6(hparagraph (h).