Binding Decision or Award Sample Clauses

Binding Decision or Award. The decision or award of the arbitrators shall be final and binding on both Parties. Such decision or award may be enforced in any court having jurisdiction over the Party against which enforcement is sought. A judgment confirming such award may be rendered by the district court in and for Reno, Nevada, which the Parties agree is the court of appropriate jurisdiction.
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Binding Decision or Award. The decision or award of the arbitrator shall be final and binding on both Parties. Such decision or award may be enforced in any court having jurisdiction over the Party against whom enforcement is sought. Each Party submits to the jurisdictions of the courts of the United States of America for enforcement of this Master Agreement. Failure to comply with the arbitrator’s decision hereunder shall constitute an event of default hereunder entitling the prevailing Party to the remedies set forth hereunder, in addition to those which such Party may otherwise be entitled to at law or in equity.
Sample 1
Binding Decision or Award. The decision or award of the arbitrator shall be final and binding on both Parties and there shall be no appeal from or reexamination of the final determination. Any final determination hereunder shall be governed by, and shall be enforced pursuant to, the laws of the State of Illinois. Such decision or award may be enforced in any court having jurisdiction over the Party against whom enforcement is sought. A judgment confirming such award may be rendered by the United States District Court for the Northern District of Illinois or a state court located in Xxxx County, Illinois, which the Parties agree are the courts of appropriate jurisdiction. Failure to comply with the arbitral decision hereunder shall constitute breach of this Agreement entitling the prevailing Party with the right to reimbursement of its costs, including reasonable attorney’s fees, in enforcing the decision, in addition to those which such Party may otherwise be entitled to at law or in equity.
Sample 1

Related to Binding Decision or Award

  • Binding Decision The arbitrator shall hear and determine the grievance, and shall issue a decision which is final and binding on the Parties and any person affected by it.

  • Binding Dispute Resolution For any Claim subject to, but not resolved by, mediation pursuant to Article 15 of AIA Document A232–2019, the method of binding dispute resolution shall be as follows: [ ] Arbitration pursuant to Article 15 of AIA Document A232–2019. [ X ] Litigation in a court of competent jurisdiction. [ ] Other: (Specify) If the Owner and Contractor do not select a method of binding dispute resolution, or do not subsequently agree in writing to a binding dispute resolution method other than litigation, Claims will be resolved by litigation in a court of competent jurisdiction.

  • BINDING ARBITRATION PROHIBITED The State of Colorado does not agree to binding arbitration by any extra-judicial body or person. Any provision to the contrary in this contact or incorporated herein by reference shall be null and void.

  • Independent Credit Decision The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements of the Borrower, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.

  • The Decision If mediation fails, or is not appropriate, and if the decision can be rendered after a short deliberation, the Arbitrator will do so. By meeting first with counsel to explain the framework of the Arbitrator’s decision, the parties are provided with an opportunity to influence the exact terms of resolution. Within the framework of settlement as outlined by the Arbitrator, the parties can work out exact terms which best suit the specifics of the case. Such an opportunity should not be wasted by continuing to argue the merits of the case.

  • Binding Effect; Ratification (a) On and after the execution and delivery hereof, (i) this Amendment shall be a part of the Transfer Agreement and (ii) each reference in the Transfer Agreement to “this Agreement”, “hereof”, “hereunder” or words of like import, and each reference in any other Related Document to the Transfer Agreement, shall mean and be a reference to such Agreement as amended hereby. (b) Except as expressly amended hereby, the Transfer Agreement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

  • COURT'S DECISION 33.01 In the event of any articles or portions of this Agreement being held improper or invalid by any Court of Law or Labour Relations Board, such decision shall not invalidate any other portions of this Agreement than those directly specified by such decision to be invalid, improper or otherwise unenforceable.

  • Binding Contract We understand that this Tender, together with your written acceptance thereof included in your Letter of Acceptance, shall constitute a binding contract between us, until a formal contract is prepared and executed;

  • Binding Agreement This Agreement shall be binding and inure to the benefit of the Parties hereto and their respective heirs, legal successors, and assigns.

  • Binding Agreement; Benefit The provisions of this Agreement will be binding upon, and will inure to the benefit of, the respective heirs, legal representatives and successors of the parties hereto.

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