Common use of Enforcement and Appeals Clause in Contracts

Enforcement and Appeals. Any appropriate court may enter judgment upon the arbitrator's award. The arbitrator's decision will be final and binding except that: (1) any party may exercise any appeal right under the FAA; and (2) any party may appeal any award relating to a claim for more than $100,000 to a three-arbitrator panel appointed by the administrator, which will reconsider de novo any aspect of the appealed award. The panel's decision will be final and binding, except for any appeal right under the FAA. The parties shall bear their own attorneys’ fees and costs of any appeal.

Appears in 3 contracts

Samples: Registration Agreement (Prosper Funding LLC), Registration Agreement (Prosper Funding LLC), User Agreement

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Enforcement and Appeals. Any appropriate court may enter judgment upon the arbitrator's ’s award. The arbitrator's ’s decision will be final and binding except that: (1) any party may exercise any appeal right under the FAA; and (2) any party may appeal any award relating to a claim for more than $100,000 to a three-arbitrator panel appointed by the administrator, which will reconsider de novo any aspect of the appealed award. The panel's ’s decision will be final and binding, except for any appeal right under the FAA. The parties shall bear their own attorneys’ fees and costs of any appeal.

Appears in 2 contracts

Samples: Registration Agreement (Prosper Funding LLC), Registration Agreement (Prosper Funding LLC)

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