Consolidation of Disputes. The arbitrators, in their discretion, may consolidate two or more arbitrations or Disputes between the parties into one arbitration, or terminate any such consolidation and/or establish other arbitration proceedings for different Disputes that may arise in any one arbitration. Notwithstanding the foregoing, the arbitrators shall consolidate arbitrations and/or Disputes, if they determine that it would be more efficient to consolidate such arbitrations and/or Disputes than to continue them separately and (i) there are matters of fact or law that are common to the arbitrations and/or Disputes to be consolidated, (ii) there are related payment and performance obligations considered in the arbitrations and/or Disputes to be consolidated, or (iii) there is a danger of inconsistent awards.
Appears in 2 contracts
Samples: Public Offering and Separation Agreement (Waddell & Reed Financial Inc), Public Offering and Separation Agreement (Waddell & Reed Financial Inc)
Consolidation of Disputes. The arbitrators, in their ------------------------- discretion, may consolidate two or more arbitrations or Disputes between the parties into one arbitration, or terminate any such consolidation and/or establish other arbitration proceedings for different Disputes that may arise in any one arbitration. Notwithstanding the foregoing, the arbitrators shall consolidate arbitrations and/or Disputes, if they determine that it would be more efficient to consolidate such arbitrations and/or Disputes than to continue them separately and (i) there are matters of fact or law that are common to the arbitrations and/or Disputes to be consolidated, (ii) there are related payment and performance obligations considered in the arbitrations and/or Disputes to be consolidated, or (iii) there is a danger of inconsistent awards.
Appears in 2 contracts
Samples: Offering and Separation Agreement (Waddell & Reed Financial Inc), Offering and Separation Agreement (Waddell & Reed Financial Inc)