Common use of Finality and Enforcement of Decision Clause in Contracts

Finality and Enforcement of Decision. Any decision or award of an Expert or a majority of an arbitral panel, as applicable, shall be final and binding upon the Parties. Each of the Parties agrees that the arbitral award may be enforced against it or its assets wherever they may be found and that a judgment upon the arbitral award may be entered in any court having jurisdiction thereof.

Appears in 6 contracts

Samples: Agreement (Pacific Ethanol, Inc.), Ethanol Marketing Agreement (Pacific Ethanol, Inc.), Distillers Grains Marketing Agreement (Pacific Ethanol, Inc.)

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Finality and Enforcement of Decision. Any decision or award of an Expert or a majority of an arbitral panel, as applicable, shall be final and binding upon the Parties. Each of the Parties agrees that the arbitral award may be enforced against it or its assets wherever they may be found and that a judgment upon the arbitral award may be entered in any court having jurisdiction thereof. The Parties hereby waive any right to appeal or to review the decision or award of an Expert or an arbitral panel by any court or tribunal and also waive any objections to the enforcement of such decision or award.

Appears in 3 contracts

Samples: Ethanol Purchase and Sale Agreement (Pacific Ethanol, Inc.), Ethanol Marketing Agreement (AE Biofuels, Inc.), Ethanol Marketing Agreement (Pacific Ethanol, Inc.)

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