Dispute Resolution by Independent Expert. (a) Each Party shall have the right to submit each Dispute to an independent expert appointed in accordance with this Section 16.03 (each, an “Independent Expert”), who shall serve as sole arbitrator. The Independent Expert shall be appointed by mutual agreement of the Parties from among candidates with experience and expertise in the area that is the subject of such Dispute, and failing such agreement, such Independent Expert for such Dispute shall be selected in accordance with the Rules (as defined in Subsection (b) of this Section 16.03).
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (WPX Energy, Inc.)
Dispute Resolution by Independent Expert. (aA) Each Party shall have the right to submit each Dispute to an independent expert appointed in accordance with this Section 16.03 8.3 (each, an “Independent Expert”), who shall serve as sole arbitrator. The Independent Expert shall be appointed by mutual agreement of the Parties from among candidates with experience and expertise in the area that is the subject of such Dispute, and failing such agreement, such Independent Expert for such Dispute shall be selected in accordance with the rules of the Commercial Arbitration Rules and Mediation Procedures (as defined in Subsection (bthe “Rules”) of this Section 16.03)the AAA.
Appears in 3 contracts
Samples: Transition Services and Separation Agreement, Transition Services and Separation Agreement (Riviera Resources, LLC), Transition Services and Separation Agreement (Linn Energy, Inc.)
