Compliance with the Award Sample Clauses

Compliance with the Award. 1. The party complained against shall take the measures necessary to comply with the award of the Arbitration Tribunal. In the case the Arbitral award does not have a term for compliance it must be understood that the term is for one hundred eighty (180) days.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Compliance with the Award. The party complained against shall take the measures necessary to comply with the award of the Arbitration Tribunal. In the case the Arbitral award does not have a term for compliance it must be understood that the term is for one hundred eighty (180) days. The award of the Arbitration Tribunal shall include the period of time for compliance of the award. That period of time shall be final unless one of the parties justifies in written the need for a different period of time. The Arbitration Tribunal shall render its decision within a period of 15 days from the date of the written request. In case it is essential, the Arbitration Tribunal shall decide on the basis of written submissions of the parties. The Arbitration Tribunal shall convene for this purpose only under special circumstances. Before the end of the period of the time established in the award for the implementation of the award, the party complained against shall notify the other party of the implementing measures in compliance with the award that it has adopted or intends to adopt in order to comply with the award of the Arbitration Tribunal. In the event that there is disagreement between the parties concerning the compatibility of the measure adopted in compliance with the award, the complaining party may seek recourse to the original Arbitration Tribunal to rule on the matter, by submitting a written request to the other party explaining why the measure is incompatible with the award. The Arbitration Tribunal will issue its decision within forty-five (45) days of the date of its re-establishment. In the event of the original Arbitration Tribunal, or some of its members, being unable to reconvene, the procedures laid down in Article 9 of this Chapter shall apply; however, the period for issuing the ruling remains forty-five (45) days from the date of establishment of the Arbitration Tribunal. If the Arbitration Tribunal decides under paragraph 4 that the implementing measures adopted are not in compliance with the Arbitration award, the complaining party shall be entitled, upon notification to suspend the application of benefits granted under this Agreement at a level equivalent to the adverse economic impact caused by the measure found to violate this Agreement. The suspension of benefits shall be temporary and shall be applied only until the measure found to be in violation of this Agreement is withdrawn or amended so as to bring it into conformity with this Agreement, or until the partie...
Sample 1Sample 2
Compliance with the Award. Unless the Parties agree otherwise, the requested Party shall comply with the award immediately, or if this is not practicable, within a reasonable period of time determined by common agreement by the Parties. When the Parties do not reach an agreement regarding the reasonable term, Within ninety (90) days following the date of issuance of the award, the arbitral tribunal will determine that reasonable term.
Sample 1Sample 2

Related to Compliance with the Award

  • COMPLIANCE WITH THE ACT All matters related to the operations of the Company not specifically addressed herein must be addressed in accordance with the Act. The Company must comply with all other provisions of the Act in order to stay compliant with the law.

  • Compliance with the Agreement 16. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in Sections 215.2(e)(1) and 215.2 (m)(1) of Regulation O of the Board of Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors of the Bank.

  • Compliance with the Law The Parties agree to comply fully with all applicable federal, state, and local statutes, ordinances, rules, and regulations applicable to their entity in connection with the programs contemplated under this Agreement.

  • Compliance with Tax Laws The Trustee hereby agrees to comply with all U.S. Federal income tax information reporting and withholding requirements applicable to it with respect to payments of premium (if any) and interest on the Debt Securities, whether acting as Trustee, Registrar, paying agent or otherwise with respect to the Debt Securities.

  • Compliance with Rules To comply with, and to require the Contractors to comply with, all rules, regulations, ordinances and laws bearing on the conduct of the work on the Improvements, including the requirements of any insurer issuing coverage on the Project and the requirements of any applicable supervising boards of fire underwriters.

  • Compliance with Texas Privacy Laws and Regulations In performing their respective obligations under the Agreement, the LEA and the Provider shall comply with all Texas laws and regulations pertaining to LEA data privacy and confidentiality, including but not limited to the Texas Education Code Chapter 32, and Texas Government Code Chapter 560.

  • Compliance with Rules and Regulations PFPC undertakes to comply with all applicable requirements of the Securities Laws and any laws, rules and regulations of governmental authorities having jurisdiction with respect to the duties to be performed by PFPC hereunder. Except as specifically set forth herein, PFPC assumes no responsibility for such compliance by the Fund or any other entity.

  • Compliance with Xxxxxxxx Act requirements The contractor shall comply with the requirements of 29 CFR part 3, which are incorporated by reference in this contract.

  • Compliance with Securities Laws (i) The Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant and the shares of Warrant Stock to be issued upon exercise hereof are being acquired solely for the Holder's own account and not as a nominee for any other party, and for investment, and that the Holder will not offer, sell or otherwise dispose of this Warrant or any shares of Warrant Stock to be issued upon exercise hereof except pursuant to an effective registration statement, or an exemption from registration, under the Securities Act and any applicable state securities laws.

  • Compliance with Requirements Any investment program furnished, and any activities performed, by the Manager or by a Sub-Adviser under this Section shall at all times conform to, and be in accordance with, any requirements imposed by: (1) the Act and any rules or regulations in force thereunder; (2) any other applicable laws, rules and regulations; (3) the Declaration of Trust and By-Laws of the Fund as amended from time to time; (4) any policies and determinations of the Board of Trustees of the Fund; and (5) the fundamental policies of the Fund, as reflected in its Registration Statement under the Act or as amended by the shareholders of the Fund.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!