Disputed Matters. Except as otherwise provided in this Agreement, any controversy or dispute arising out of this Agreement, the interpretation of any of the provisions hereof, or the action or inaction of any Member hereunder shall be submitted to arbitration in Houston, Texas, pursuant to the provisions set forth in Exhibit 15.5 hereto. To the fullest extent permitted by law, no action at law or in equity based upon any claim arising out of or related to this Agreement shall be instituted in any court by any Member except (a) an action to compel arbitration pursuant to this Section 15.5, or (b) an action to enforce an award obtained in an arbitration proceeding in accordance with this Section 15.5.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp)
Disputed Matters. Except as otherwise provided in this Agreement, any ---------------- controversy or dispute arising out of this Agreement, the interpretation of any of the provisions hereof, or the action or inaction of any Member hereunder shall be submitted to arbitration in Houston, Texas, pursuant to the provisions set forth in Exhibit 15.5 hereto. To the fullest extent permitted by law, no ------------ action at law or in equity based upon any claim arising out of or related to this Agreement shall be instituted in any court by any Member except (a) an action to compel arbitration pursuant to this Section 15.5, or (b) an action to ------------ enforce an award obtained in an arbitration proceeding in accordance with this Section 15.5.. -------------
Appears in 1 contract
Samples: Limited Liability Company Agreement (Penn Octane Corp)
