CONCLUSION OF ARBITRATION. Unless the Final Arbitrator otherwise directs, the decision of the Final Arbitrator as to the parties' respective rights and obligations shall be made within 60 days of the end of the Negotiation Period and shall be binding on the parties. The Final Arbitrator may determine that a party is entitled to Damages hereunder from one or more other parties, and the manner in which such Damages shall be assessed against the other parties. However, the Final Arbitrator may not award emotional distress or punitive Damages.
Appears in 3 contracts
Samples: Purchase Agreement (Pride Petroleum Services Inc), Purchase Agreement (Pride Petroleum Services Inc), Purchase Agreement (Taylor Companies Inc)
CONCLUSION OF ARBITRATION. Unless the Final Arbitrator otherwise directs, the decision of the Final Arbitrator as to the parties' respective rights and obligations shall be made within 60 days of the end of the Negotiation Period and shall be binding on the parties. The Final Arbitrator may determine that a party is entitled to Damages damages hereunder from one or more other parties, and the manner in which such Damages damages shall be assessed against the other parties. However, the Final Arbitrator may not award emotional distress or punitive Damagesdamages.
Appears in 1 contract
Samples: Asset Purchase Agreement (Mobley Environmental Services Inc)
