Dispute Resolution Mechanism. All disputes shall be resolved by arbitration pursuant to the procedures set forth in subparagraph (b) below unless Customer shall elect that a dispute be resolved by litigation, in which case the dispute shall be resolved by litigation pursuant to the procedures set forth in subparagraph (c) below. Customer shall make such election either (i) by instituting litigation if neither party has already commenced arbitration proceedings, or (ii) by electing to proceed by litigation in writing by overnight or registered mail addressed to Broker at its main office within ten (10) days of notification that Broker has taken the first step in the commencement of arbitration proceedings.
Appears in 3 contracts
Samples: Special Custody and Pledge Agreement, Special Custody and Pledge Agreement (American Century Quantitative Equity Funds, Inc.), Special Custody and Pledge Agreement (American Century Quantitative Equity Funds, Inc.)
Dispute Resolution Mechanism. All disputes shall be resolved by arbitration pursuant to the procedures set forth in subparagraph (b) below unless Customer shall elect that a dispute be resolved by litigation, in which case the dispute shall be resolved by litigation pursuant to the procedures set forth in subparagraph (c) below. Customer shall make such election either (i) by instituting litigation if neither party has already commenced arbitration proceedings, or (ii) by electing to proceed by litigation in writing by overnight or registered mail addressed to Broker at its main office within ten (10) days of notification that Broker has taken the first step in the commencement of arbitration proceedings.
Appears in 3 contracts
Samples: Special Custody and Pledge Agreement, Special Custody and Pledge Agreement (American Century Quantitative Equity Funds, Inc.), Special Custody and Pledge Agreement (Royce Fund)
