Common use of Effect of Arbitration Decision Clause in Contracts

Effect of Arbitration Decision. The decision of the arbitrator will be conclusive in a subsequent regulatory or legal proceeding as to the facts determined by the arbitrator but will not be conclusive as to the law or constitute precedent on issues of law in any subsequent regulatory or legal proceedings. An aggrieved party may initiate a proceeding with a court or with the Commission with respect to the arbitration or arbitrator's decision only: if the arbitration process does not result in a decision within the time period specified and the proceeding is initiated within thirty days after the expiration of such time period; or on the grounds specified in Sections 10 and 11 of Title 9 of the United States Code for judicial vacation or modification of an arbitration award and the proceeding is initiated within thirty days of the issuance of the arbitrator's decision.

Appears in 3 contracts

Samples: Service Agreement (North Atlantic Energy Corp /Nh), Agreement (North Atlantic Energy Corp /Nh), England Power Pool Agreement (North Atlantic Energy Corp /Nh)

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Effect of Arbitration Decision. The decision of the arbitrator will be conclusive in a subsequent regulatory or legal proceeding as to the facts determined by the arbitrator but will not be conclusive as to the law or constitute precedent on issues of law in any subsequent regulatory or legal proceedings. An aggrieved party may initiate a proceeding with a court or with the Commission with respect to the arbitration or arbitrator's decision only: if Oif the arbitration process does not result in a decision within the time period specified and the proceeding is initiated within thirty days after the expiration of such time period; or on Oon the grounds specified in Sections 10 and 11 of Title 9 of the United States Code for judicial vacation or modification of an arbitration award and the proceeding is initiated within thirty days of the issuance of the arbitrator's decision.

Appears in 1 contract

Samples: England Power Pool Agreement (New England Power Co)

Effect of Arbitration Decision. The decision of the arbitrator will be conclusive in a subsequent ------------------------------ regulatory or legal proceeding as to the facts determined by the arbitrator but will not be conclusive as to the law or constitute precedent on issues of law in any subsequent regulatory or legal proceedings. An aggrieved party may initiate a proceeding with a court or with the Commission with respect to the arbitration or arbitrator's decision only: o if the arbitration process does not result in a decision within the time period specified and the proceeding is initiated within thirty days after the expiration of such time period; or o on the grounds specified in Sections 10 and 11 of Title 9 of the United States Code for judicial vacation or modification of an arbitration award and the proceeding is initiated within thirty days of the issuance of the arbitrator's decision.

Appears in 1 contract

Samples: Nepool Agreement (New England Power Co)

Effect of Arbitration Decision. The decision ------------------------------ of the arbitrator will be conclusive in a subsequent regulatory or legal proceeding as to the facts determined by the arbitrator but will not be conclusive as to the law or constitute precedent on issues of law in any subsequent regulatory or legal proceedings. An aggrieved party may initiate a proceeding with a court or with the Commission with respect to the arbitration or arbitrator's decision only: o if the arbitration process does not result in a decision within the time period specified and the proceeding is initiated within thirty days after the expiration of such time period; or o on the grounds specified in Sections 10 and 11 of Title 9 of the United States Code for judicial vacation or modification of an arbitration award and the proceeding is initiated within thirty days of the issuance of the arbitrator's decision.

Appears in 1 contract

Samples: Nepool Power Pool Agreement (United Illuminating Co)

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Effect of Arbitration Decision. The ------------------------------ decision of the arbitrator will be conclusive in a subsequent regulatory or legal proceeding as to the facts determined by the arbitrator but will not be conclusive as to the law or constitute precedent on issues of law in any subsequent regulatory or legal proceedings. An aggrieved party may initiate a proceeding with a court or with the Commission with respect to the arbitration or arbitrator's decision only: o if the arbitration process does not result in a decision within the time period specified and the proceeding is initiated within thirty days after the expiration of such time period; or o on the grounds specified in Sections 10 and 11 of Title 9 of the United States Code for judicial vacation or modification of an arbitration award and the proceeding is initiated within thirty days of the issuance of the arbitrator's decision.

Appears in 1 contract

Samples: Nepool Power Pool Agreement (United Illuminating Co)

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