Common use of Governing Law; Arbitration Clause in Contracts

Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such payment.

Appears in 11 contracts

Samples: Share Purchase Agreement (Youdao, Inc.), Share Purchase Agreement (Youdao, Inc.), Share Purchase Agreement (Youdao, Inc.)

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Governing Law; Arbitration. This Agreement The law of California (exclusive of conflict or choice of law rules) shall be governed govern, construe and interpreted in accordance with the laws enforce all of the State rights and duties of New York without giving effect the Parties arising or in any way relating to the conflicts subject matter of law principles thereofthis Agreement. Any In the event of any dispute, claim or controversy or claim (each, a “Dispute”) arising out of or relating to this AgreementAgreement (including any claim based on contract, tort or statute) or the interpretation, breach, termination, enforcement, interpretation or validity or invalidity thereof, including the determination of the scope or applicability of this agreement to arbitrate, (a “Dispute”), then the Parties shall be referred engage in informal, good faith discussions and attempt to arbitration upon resolve the demand of either party Dispute. If the Parties are unable to resolve the dispute with notice (Dispute, then the “Arbitration Notice”) to the other. The Dispute shall be settled determined by confidential binding arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedSan Francisco before one arbitrator. The seat of arbitration shall be Hong Kongadministered by JAMS pursuant to its Streamlined Arbitration Rules and Procedures. There Judgment on any award pursuant to arbitration may be entered in any court of competent jurisdiction. The arbitrator shall be three (3) arbitratorsa retired judge with at least five years of experience presiding over disputes related to complex commercial transactions. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedappointed by agreement of the Parties or, if no agreement can be reached, then each Party shall appoint one JAMS arbitrator for the purpose of selecting the arbitrator to govern the Dispute, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC those two arbitrators shall select the third arbitratorarbitrator to govern the Dispute. In any arbitration arising out of or related to this Agreement, the arbitrator shall award to the prevailing Party, if any, the costs and attorneys’ fees reasonably incurred by the prevailing Party in connection with the arbitration. If either party the arbitrator determines a Party to be the prevailing Party under circumstances where the prevailing Party won on some but not all of the claims and counterclaims, the arbitrator may award the prevailing Party an appropriate percentage of the costs and attorneys’ fees reasonably incurred by the prevailing Party in connection with the arbitration. Without limiting the effect of Section 4.2(iii) of these Terms and Conditions, the Parties shall maintain the confidential nature of the arbitration proceeding and the award, except as may be necessary in connection with a judicial challenge to an award or its enforcement, or unless otherwise required by law or judicial decision. Notwithstanding anything herein to the arbitration fails to appoint an arbitrator with the Selection Periodcontrary, the relevant appointment either Party shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2entitled to seek to obtain any provisional remedy, including the provisions concerning the appointment of the arbitratorsinjunctive or similar relief, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a from any court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant as may be necessary to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses protect that Party’s rights and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentinterests.

Appears in 9 contracts

Samples: Fantex Brand Agreement (Fantex, Inc.), Fantex Brand Agreement (Fantex, Inc.), Fantex Brand Agreement (Fantex, Inc.)

Governing Law; Arbitration. This All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereofHong Kong. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother parties. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered UNCITRAL Arbitration Rules (the HKIAC UNCITRAL Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 9(a). There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within thirty (30) days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Neither party shall be required to give general discovery of documents, but may be required to produce specific, identified documents that are relevant to the dispute. Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief in aid of arbitration, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 7 contracts

Samples: Share Purchase Agreement (Semiconductor Manufacturing International Corp), Share Purchase Agreement (China Investment Corp), Share Purchase Agreement

Governing Law; Arbitration. This Letter Agreement shall be governed by, and interpreted construed in accordance with with, the laws Laws of the State of New York without giving effect Delaware applicable to the conflicts of law principles thereofcontracts executed in and to be performed in that State. Any disputeExcept as expressly provided elsewhere in this Letter Agreement, controversy any dispute arising out of, relating to, or claim (eachhaving any connection with, a “Dispute”) this Letter Agreement, including any question regarding its existence, validity, interpretation, performance, breach or termination, and any tort or other extra-contractual or statutory claims arising out of or relating to this Agreementits negotiation, execution or the interpretation, breach, termination, validity or invalidity thereofperformance, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be exclusively and finally settled by arbitration in Hong Kong by accordance with the Hong Kong Rules of the International Court of Arbitration Centre of the International Chamber of Commerce (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC ICC Rules”) ); provided, that nothing in force at the time when the Arbitration Notice is submittedthis Section 10 shall prohibit a party from instituting litigation to enforce any final award in any court of competent jurisdiction. The seat of the arbitration shall be Hong Kongin New York, New York. There The language of the arbitration shall be three (3) arbitratorsEnglish. The complainant and the respondent parties undertake to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to carry out any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties theretowithout delay, and waive their right to refer any question of law and any right of appeal on the prevailing party may apply law or merits to a court of competent law or other judicial authority, insofar as such waiver may be validly made. The parties agree that an arbitral tribunal appointed under this Letter Agreement may exercise jurisdiction for enforcement with respect to both this Letter Agreement and any of the exhibits or schedules hereto (except as otherwise expressly provided therein), and that any disputes involving more than one of such award. In the event agreements, exhibits or schedules shall proceed as a consolidated arbitration in accordance with Article 10 of the arbitration of any Dispute ICC Rules. The arbitrator selected pursuant to this Section, the losing party in such arbitration Section 10 shall pay award to the prevailing party all expenses party, if any, the costs and fees (including reasonable attorneys’ fees) fees reasonably incurred by the prevailing party in connection with the arbitration and, if the arbitrator determines a party to be the prevailing party under circumstances where the prevailing party won on some but not all of such Disputethe claims and counterclaims, the arbitrator may award the prevailing party an appropriate percentage of the costs and attorneys’ fees reasonably incurred by the prevailing party in connection with the arbitration and the arbitration order, ruling or award shall contain a specific provision providing for such paymentenforcement of its rights under this Letter Agreement.

Appears in 6 contracts

Samples: Non Compete Agreement (Perimeter Solutions, SA), Non Compete Agreement (Perimeter Solutions, SA), Non Compete Agreement (Perimeter Solutions, SA)

Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with the (a) The laws of the State of New York Delaware shall govern (i) all proceedings, claims or matters related to or arising from this Agreement (including any tort or non-contractual claims) and (ii) any questions concerning the construction, interpretation, validity and enforceability of this Agreement, and the performance of the obligations imposed by this Agreement, in each case without giving effect to the conflicts any choice of law principles thereof. or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. (b) Any dispute, controversy or claim (each, a “Dispute”) arising out of or of, relating to or in connection with this Agreement, including, without limitation, any dispute regarding the validity or termination of this Agreement, or the interpretation, breach, termination, validity performance or invalidity thereofbreach hereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be finally settled by arbitration in Hong Kong administered by the Hong Kong International American Arbitration Centre Association (the HKIACAAA) ), in accordance with the Hong Kong International Arbitration Centre Administered its Commercial Arbitration Rules (the “HKIAC Rules”) in force effect at the time when of the Arbitration Notice is submittedarbitration. The seat place of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant Fort Worth, Texas and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in Englishthe English language. To The arbitration shall be conducted by three arbitrators. Each arbitrator shall be a person with significant experience in the extent financial services industry or representing persons in the financial services industry. Each of the parties to the arbitration shall nominate one arbitrator within 15 days after delivery of a request for arbitration in writing by any of the parties. In the event that any of the HKIAC Rules are parties to the arbitration fail to nominate an arbitrator as and within such time period provided in conflict the preceding sentence, upon request of either of such parties, such arbitrator shall instead be appointed by the AAA within 15 days of receiving such request. The two arbitrators appointed in accordance with the above provisions shall nominate the third arbitrator within 15 days of this Section 5.2their appointment. If the first two appointed arbitrators fail to nominate a third arbitrator, including the provisions concerning the appointment then, upon request of the arbitratorsparties to the arbitration, the third arbitrator shall be appointed by the AAA within 30 days of receiving such request. The third arbitrator shall serve as Chairman of the arbitral tribunal. The arbitrators shall endeavor to render a final award within 90 days of submission of a request for arbitration. Failure to adhere to this Section 5.2 time limit shall prevailnot be a basis for challenging the award. The award of rendered by the arbitral tribunal arbitrators shall be final and binding upon on the parties theretothereto and judgment on such award may be entered in any court of competent jurisdiction. All costs and expenses incurred by the parties in connection with any arbitration hereunder shall be borne by the party against whom the arbitrators’ award is rendered, and such party shall promptly reimburse the prevailing party may apply in whose favor the arbitrators’ award is rendered for any of such costs and expenses incurred by such party. (c) By agreeing to arbitration, the parties do not intend to deprive any court with jurisdiction of its ability to issue a preliminary injunction, attachment or other form of provisional remedy in aid of the arbitration, and a request for such provisional remedies by a party to a court shall not be deemed a waiver of competent jurisdiction for enforcement of such awardthis agreement to arbitrate. In addition to the event of authority conferred upon the arbitration arbitrators by the rules specified above, the arbitrators shall also have the authority to grant provisional remedies, including injunctive relief. (d) Except as may be required by applicable law or court order, the parties agree to maintain confidentiality as to all aspects of any Dispute pursuant arbitration arising out of, relating to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred or in connection with this Agreement, including any such arbitration’s existence and results, except that nothing herein shall prevent a party from disclosing information regarding such arbitration for purposes of enforcing the award or this arbitration clause, or in any court proceeding requesting the issuance of such Dispute, and provisional remedies. The parties further agree to obtain the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitrators’ agreement to preserve the confidentiality of the arbitration.

Appears in 6 contracts

Samples: Founder Exchange Agreement (TPG Inc.), Performance Earnings Agreement (TPG Inc.), Performance Earnings Agreement (TPG Partners, LLC)

Governing Law; Arbitration. This Agreement shall be -------------------------- governed by and interpreted construed in accordance with the laws of the State of New York applicable to contracts made in New York by persons domiciled in New York City and without giving effect regard to the its principles of conflicts of law principles thereoflaws. Any dispute, controversy dispute under this Agreement or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, any Exhibit attached hereto shall be referred submitted to arbitration upon under the demand of either party to the dispute with notice American Arbitration Association (the “Arbitration Notice”"AAA") to the other. The Dispute in New York City, New York, and shall be settled by arbitration in Hong Kong finally and conclusively determined by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat decision of a board of arbitration shall be Hong Kong. There shall be consisting of three (3) arbitratorsmembers (hereinafter referred to as the "Board of Arbitration") selected as according to the rules governing the AAA. The complainant Board of Arbitration shall meet on consecutive business days in New York City, New York, and shall reach and render a decision in writing (concurred in by a majority of the respondent members of the Board of Arbitration) with respect to such dispute the amount, if any, which the losing party is required to pay to the other party in respect of a claim filed. In connection with rendering its decisions, the Board of Arbitration shall each select one arbitrator within adopt and follow the laws of the State of New York. To the extent practical, decisions of the Board of Arbitration shall be rendered no more than thirty (30) calendar days after giving or receiving following commencement of proceedings with respect thereto. The Board of Arbitration shall cause its written decision to be delivered to all parties involved in the demand for arbitration (the “Selection Period”)dispute. Such arbitrators The Board of Arbitration shall be freely selected, authorized and the parties shall not be limited is directed to enter a default judgment against any party refusing to participate in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be proceeding within thirty days of any deadline for such participation. Any decision made by the chairman Board of Arbitration (either prior to or after the expiration of such thirty (30) calendar day period) shall be final, binding and conclusive on the parties to the dispute, and entitled to be enforced to the fullest extent permitted by law and entered in any court of competent jurisdiction. The prevailing party shall be awarded its costs, including attorneys' fees, from the non-prevailing party as part of the HKIACarbitration award. The arbitral proceedings Any party shall be conducted in English. To have the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply right to a seek injunctive relief from any court of competent jurisdiction for enforcement of in any case where such awardrelief is available. In the event of the arbitration of any Dispute pursuant to this Section, the losing The prevailing party in such arbitration injunctive action shall pay to be awarded its costs, including attorney's fees, from the non-prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentparty.

Appears in 5 contracts

Samples: Private Equity Line of Credit Agreement (Worldwide Wireless Networks Inc), Private Equity Line of Credit Agreement (Worldwide Wireless Networks Inc), Private Equity Line of Credit Agreement (Worldwide Wireless Networks Inc)

Governing Law; Arbitration. This Agreement shall be governed by, and interpreted construed and enforced in accordance with the laws of the State of New York California, without giving effect regard to the conflicts of its choice-of-laws or conflicts-of-law principles thereofrules. Any disputeAll claims, controversy or claim (each, a “Dispute”) disputes and other matters in question arising out of of, or relating to to, this Agreement, Agreement or the interpretation, breach, termination, validity or invalidity thereofperformance hereof, shall be referred to submitted to, and determined by, arbitration upon if good faith negotiations among the demand of either party to the parties hereto, if any, do not resolve such claim, dispute with notice (the “Arbitration Notice”) to the otheror other matter. The Dispute Such arbitration shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) proceed in accordance with the Hong Kong International then-current rules for arbitration established by Judicial Arbitration Centre Administered Arbitration Rules Mediation Services, Inc./ENDISPUTE ("JAMS"), unless the “HKIAC Rules”parties hereto mutually agree otherwise, and pursuant to the following procedures: (i) in force at the time when Company on the Arbitration Notice is submittedone hand and the Purchaser on the other hand shall appoint an arbitrator from the JAMS panel of retired judges, and those party-appointed arbitrators shall appoint a third arbitrator from the JAMS panel of retired judges within ten (10) days. The seat of arbitration If the party-appointed arbitrators fail to appoint a third arbitrator within the ten (10) days, such third arbitrator shall be Hong Kong. There appointed by JAMS in accordance with its rules; (ii) reasonable discovery shall be three allowed in arbitration; (3iii) arbitrators. The complainant and all proceedings before the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedheld in Orange County, and California; (iv) the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made award rendered by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal arbitrators shall be final and binding upon the parties theretobinding, and judgment may be entered in accordance with applicable law and in any court having jurisdiction thereof; (v) the award rendered by the arbitrators shall include (a) a provision that the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay recover its costs relating to the prevailing party all expenses arbitration and fees (including reasonable attorneys' fees from the other party, (b) the amount of such costs and fees, and (c) incurred an order that the losing party pay the fees and expenses of the arbitrators. The arbitrator shall by the agreement of the parties expressly be prohibited from awarding punitive damages in connection with the any claim being resolved by arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymenthereunder.

Appears in 5 contracts

Samples: Registration Rights Agreement (Nemus Bioscience, Inc.), Securities Purchase Agreement (Nemus Bioscience, Inc.), Securities Purchase Agreement (Nemus Bioscience, Inc.)

Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereofYork. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 4.1. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within 30 days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 5 contracts

Samples: Subscription Agreement (CASI Pharmaceuticals, Inc.), Subscription and Purchase Agreement (CASI Pharmaceuticals, Inc.), Subscription Agreement (CASI Pharmaceuticals, Inc.)

Governing Law; Arbitration. This Agreement The law of California (exclusive of conflict or choice of law rules) shall be governed govern, construe and interpreted in accordance with the laws enforce all of the State rights and duties of New York without giving effect the Parties arising or in any way relating to the conflicts subject matter of law principles thereofthis Agreement. Any In the event of any dispute, claim or controversy or claim (each, a “Dispute”) arising out of or relating to this AgreementAgreement (including any claim based on contract, tort or statute) or the interpretation, breach, termination, enforcement, interpretation or validity or invalidity thereof, including the determination of the scope or applicability of this agreement to arbitrate, (a “Dispute”), then the Parties shall be referred engage in informal, good faith discussions and attempt to arbitration upon resolve the demand of either party Dispute. If the Parties are unable to resolve the dispute with notice (Dispute, then the “Arbitration Notice”) to the other. The Dispute shall be settled determined by confidential binding arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedSan Francisco before one arbitrator. The seat of arbitration shall be Hong Kongadministered by JAMS pursuant to its Streamlined Arbitration Rules and Procedures. There Judgment on any award pursuant to arbitration may be entered in any court of competent jurisdiction. The arbitrator shall be three (3) arbitratorsa retired judge with at least five years of experience presiding over disputes related to complex commercial transactions. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedappointed by agreement of the Parties or, if no agreement can be reached, then each Party shall appoint one JAMS arbitrator for the purpose of selecting the arbitrator to govern the Dispute, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC those two arbitrators shall select the third arbitratorarbitrator to govern the Dispute. In any arbitration arising out of or related to this Agreement, the arbitrator shall award to the prevailing Party, if any, the costs and attorneys’ fees reasonably incurred by the prevailing Party in connection with the arbitration. If either party the arbitrator determines a Party to be the prevailing Party under circumstances where the prevailing Party won on some but not all of the claims and counterclaims, the arbitrator may award the prevailing Party an appropriate percentage of the costs and attorneys’ fees reasonably incurred by the prevailing Party in connection with the arbitration. Without limiting the effect of Section 4.2(iii), the Parties shall maintain the confidential nature of the arbitration proceeding and the award, except as may be necessary in connection with a judicial challenge to an award or its enforcement, or unless otherwise required by law or judicial decision. Notwithstanding anything herein to the arbitration fails to appoint an arbitrator with the Selection Periodcontrary, the relevant appointment either Party shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2entitled to seek to obtain any provisional remedy, including the provisions concerning the appointment of the arbitratorsinjunctive or similar relief, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a from any court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant as may be necessary to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses protect that Party’s rights and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentinterests.

Appears in 5 contracts

Samples: Brand Agreement, Brand Agreement (Fantex, Inc.), Brand Agreement (Fantex, Inc.)

Governing Law; Arbitration. (a) This Agreement shall be governed by and interpreted in accordance with construed under the laws of the State of New York without giving effect Delaware as applied to agreements among Delaware residents entered into and to be performed entirely within Delaware. (b) Notwithstanding subsection (c) below, at the option of IAC or the Company, each of the parties hereto agrees for the benefit of IAC or the Company that any State or Federal court sitting in Delaware shall have exclusive jurisdiction to settle any disputes (including claims for set-off and counterclaims) and enforce any rights which may arise in connection with the validity, effect, interpretation or performance of, or the legal relationships established by, this Agreement or otherwise arising in connection with this Agreement. Each party hereto consents to venue in the Delaware Courts and irrevocably waives, to the conflicts fullest extent permitted by law, the defense of law principles thereofan inconvenient forum to the maintenance of any action therein. Any disputeEach party hereto agrees that the summons and complaint or any other process in any action may be served by notice given in accordance with Section 10, or as otherwise permitted by law. Each party hereto irrevocably waives the right to trial by jury. (c) Subject to the option in favor of IAC or the Company set out in subsection (b) above, any controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, Agreement shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled determined by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Rules of the American Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedAssociation. The tribunal shall consist of three arbitrators. The seat of the arbitration shall be Hong Kong. There shall be three (3) arbitratorsNew York. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event language of the arbitration shall be English. The parties hereto agree that the tribunal constituted under this clause shall have the power to grant the relief of specific performance in appropriate circumstances, and further agree, for the avoidance of doubt, that any Dispute competent court of its jurisdiction (including in the PRC courts) may enforce an order of the tribunal for specific performance. By agreeing to arbitration pursuant to this Sectionclause, the losing party parties hereto waive irrevocably their right to any form of appeal, review or recourse to any state court or other judicial authority, in as far as such arbitration shall pay waiver may validly be made, save that the parties do not intend to the prevailing party all expenses and fees deprive any competent court of its jurisdiction (including reasonable attorneys’ feesthe PRC courts) incurred to issue a pre-arbitral injunction, pre-arbitral attachment or other order in connection with aid of the arbitration proceedings or the enforcement of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentany award.

Appears in 5 contracts

Samples: Employment Agreement (eLong, Inc.), Employment Agreement (eLong, Inc.), Employment Agreement (eLong, Inc.)

Governing Law; Arbitration. This Agreement shall be governed by and interpreted construed in accordance with the internal laws of the State of New York without giving effect to the conflicts of law principles thereofYork. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating related to this Agreement, Agreement or the interpretation, breach, termination, validity or invalidity breach thereof, shall be referred to settled by binding arbitration in New York, New York in accordance with the Expedited Procedures (Rules 53-57) of the Commercial Arbitration Rules of the American Arbitration Association (“AAA”). A proceeding shall be commenced upon written demand by the demand of either party to the dispute with notice (the “Arbitration Notice”) Company or Purchaser to the other. The Dispute arbitrator(s) shall enter a judgment by default against any party, which fails or refuses to appear in any properly noticed arbitration proceeding. The proceeding shall be settled conducted by arbitration one (1) arbitrator, unless the amount alleged to be in Hong Kong by the Hong Kong International Arbitration Centre dispute exceeds two hundred fifty thousand dollars (the “HKIAC”) $250,000), in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be which case three (3) arbitratorsarbitrators shall preside. The complainant and arbitrator(s) will be chosen by the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving parties from a list provided by the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedAAA, and if the parties shall not be limited in their selection are unable to any prescribed list. The chairman of agree within ten (10) days, the HKIAC AAA shall select the third arbitratorarbitrator(s). If either The arbitrators must be experts in securities law and financial transactions. The arbitrators shall assess costs and expenses of the arbitration, including all attorneys’ and experts’ fees, as the arbitrators believe is appropriate in light of the merits of the parties’ respective positions in the issues in dispute. Each party submits irrevocably to the arbitration fails jurisdiction of any state court sitting in New York, New York or to appoint an arbitrator the United States District Court sitting in New York, New York for purposes of enforcement of any discovery order, judgment or award in connection with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailsuch arbitration. The award of the arbitral tribunal arbitrator(s) shall be final and binding upon the parties theretoand may be enforced in any court having jurisdiction. The arbitration shall be held in such place as set by the arbitrator(s) in accordance with Rule 55. With respect to any arbitration proceeding in accordance with this section, the prevailing party’s reasonable attorney’s fees and expenses shall be borne by the non-prevailing party. Although the parties, as expressed above, agree that all claims, including claims that are equitable in nature, for example specific performance, shall initially be prosecuted in the binding arbitration procedure outlined above, if the arbitration panel dismisses or otherwise fails to entertain any or all of the equitable claims asserted by reason of the fact that it lacks jurisdiction, power and/or authority to consider such claims and/or direct the remedy requested, then, in only that event, will the parties have the right to initiate litigation respecting such equitable claims or remedies. The forum for such equitable relief shall be in either a state or federal court sitting in New York, New York. Each party waives any right to a trial by jury, assuming such right exists in an equitable proceeding, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay irrevocably submits to the prevailing party all expenses jurisdiction of said New York court. New York law shall govern both the proceeding as well as the interpretation and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration construction of such Dispute, this Agreement and the arbitration order, ruling or award shall contain transaction as a specific provision providing for such paymentwhole.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Solomon Technologies Inc), Securities Purchase Agreement (Solomon Technologies Inc), Securities Purchase Agreement (Solomon Technologies Inc)

Governing Law; Arbitration. This The Parties agree that any dispute, controversy or claim between the Parties arising out of, relating to or concerning Employee’s employment with the Company, termination of such employment, or this Agreement shall be finally settled by arbitration in New York, New York before and in accordance with the Employment Arbitration Rules and Mediation Procedures of the American Arbitration Association (the “AAA”) before a single arbitrator. The arbitrator shall not have the authority to modify or change any of the terms of this Agreement. The arbitrator may award interim relief and grant specific performance in addition to monetary damages. The arbitrator’s award shall be final and binding upon all Parties and judgment upon the award may be entered in any court of competent jurisdiction in any state of the United States. Each Party shall bear its own costs and expenses incurred in connection with any such arbitration proceeding or a government agency, to the fullest extent permitted by applicable law. For purposes of any actions or proceedings ancillary to the arbitration referenced above, the Parties agree to submit to the exclusive jurisdiction of the state and federal courts sitting in New York County. Notwithstanding the foregoing, (a) the Company shall have the right to seek and obtain interim injunctive relief, pending a final judgment confirming a final arbitration award, from a court of competent jurisdiction to enforce Paragraphs 11 through 14 of this Agreement; and (b) if a court of competent jurisdiction determines that a Party’s claim is not arbitrable, then the Parties waive their right, if any, to a trial by jury of any such claim. This Agreement will be governed by and interpreted construed in accordance with the laws of the State of New York applicable to agreements made and/or to be performed in that State, without giving effect regard to the conflicts any choice of law principles thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity provisions thereof, shall be referred except to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply Federal Arbitration Act (“FAA”) applies to a court of competent jurisdiction for enforcement of such award. In the event of the an arbitration of any Dispute pursuant to this SectionParagraph 16, in which case the losing party in such arbitration FAA shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentapply.

Appears in 4 contracts

Samples: Temporary Employment Agreement (Harbinger Group Inc.), Temporary Employment Agreement (Harbinger Group Inc.), Temporary Employment Agreement (Harbinger Group Inc.)

Governing Law; Arbitration. This Resolution of all disputes arising out of or related to this Agreement or the performance, enforcement, breach or termination of this Agreement and any remedies relating thereto, shall be governed by and interpreted in accordance with construed under the laws substantive Laws of the State of New York York, without giving effect regard to the conflicts of law principles thereofrules that would provide for application of the Law of a jurisdiction outside New York. Any dispute, If such controversy or claim cannot be resolved by means of negotiations as described in Section 13.1, then such controversy or claim shall be resolved by binding arbitration as provided below. The arbitration shall be conducted in English. The award of arbitration shall be final and binding upon both Parties. Any arbitration proceeding shall be conducted in accordance with the Arbitration Rules of the London Court of International Arbitration (each“LCIA”). The place of arbitration shall be London, England. The Parties hereby irrevocably and unconditionally submit to the jurisdiction of the LCIA for the purposes of the arbitration proceedings, and any counterclaims that relate in any respect to the Agreement. The arbitration shall be conducted by a “Dispute”panel of three persons. Within thirty (30) days after initiation of arbitration, each Party shall select one person to act as arbitrator and the two Party-selected arbitrators shall select a third arbitrator within 30 days of their appointment, which third arbitrator must be experienced in the pharmaceutical business. If the arbitrators selected by the Parties are unable or fail to agree upon the third arbitrator, the third arbitrator shall be appointed by the LCIA. The procedures specified in this Section 13.3 shall be the sole and exclusive procedures for the resolution of disputes between the Parties arising out of or relating to this Agreement; provided, that a Party, without prejudice to the above procedures, may seek injunctive relief or other provisional judicial relief if in its sole judgment such action is necessary to avoid irreparable damage, and further provided that any disputes regarding the interpretationscope, breachpatentability, terminationinventorship, validity or invalidity thereof, shall enforceability of any Patent may be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled submitted for resolution by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of in the country in which such awardPatent was filed or issued. In Despite such action the event of Parties will continue to participate in good faith in the arbitration of any Dispute pursuant to procedures specified in this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentSection 13.3.

Appears in 4 contracts

Samples: License and Collaboration Agreement (Enzon Pharmaceuticals Inc), License and Collaboration Agreement (Evivrus, Inc.), License and Collaboration Agreement (Enzon Pharmaceuticals Inc)

Governing Law; Arbitration. This Agreement Warrant Certificate and the Warrants shall be governed by, and interpreted construed in accordance with with, the laws of the State of New York California, without giving effect to the conflicts of law principles thereoflaws principles. Any dispute, claim or controversy or claim (each, a “Dispute”) arising out of or relating to the Warrants or this Agreement, Warrant Certificate or any breach thereof between the interpretation, breach, termination, validity or invalidity thereof, parties shall be referred submitted to arbitration FINAL AND BINDING ARBITRATION BEFORE JAMS IN THE STATE OF CALIFORNIA, COUNTY AND CITY OF LOS ANGELES, PURSUANT TO THE JAMS COMPREHENSIVE ARBITRATION RULES AND PROCEDURES. ALL PARTIES FURTHER AGREE THAT THE ARBITRATION SHALL BE CONDUCTED BEFORE A SINGLE JAMS ARBITRATOR WHO IS A RETIRED CALIFORNIA OR FEDERAL JUDGE OR JUSTICE. The parties shall mutually agree on one arbitrator from the list provided by the arbitrating organization; provided that if the parties cannot agree, then each party shall select one arbitrator from the list, and the two (2) arbitrators so selected shall agree upon a third (3rd) arbitrator chosen from the demand of either party same list, which third (3rd) arbitrator shall determine the dispute. The arbitrator shall, to the dispute with notice (fullest extent permitted by law, have the “Arbitration Notice”) power to grant all legal and equitable remedies including provisional remedies and award compensatory damages provided by law, however, the otherarbitrator shall not have authority to award punitive or exemplary damages. The Dispute arbitrator shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) award costs and attorneys’ fees in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedterms and conditions of this Warrant Certificate. The seat of prevailing party in any arbitration or litigation shall be Hong Kong. There shall be three reimbursed for its arbitration costs (3including attorneys’ fees) arbitratorsby the non-prevailing party. The complainant and parties further agree that, upon application of the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving prevailing party, any Judge of the demand Superior Court of the State of California, for the County of Los Angeles, may enter a judgment based on the final arbitration (award issued by the “Selection Period”). Such arbitrators shall be freely selectedJAMS arbitrator, and the parties shall not be limited in their selection expressly agree to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party submit to the arbitration fails jurisdiction of this Court for such a purpose. No action at law or in equity based upon any claim arising out of or related to appoint an arbitrator with the Selection Period, the relevant appointment this Warrant Certificate shall be made instituted in any court by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing any party may apply (or their respective equity holders) except (A) an action to a court of competent jurisdiction for enforcement of such award. In the event of the compel arbitration of any Dispute pursuant to this Section, the losing party Section 19 or (B) an action to enforce an award obtained in such an arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred proceeding in connection accordance with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentthis Section 19. THE PARTIES UNDERSTAND THAT BY AGREEMENT TO BINDING ARBITRATION THEY ARE GIVING UP THE RIGHTS THEY MAY OTHERWISE HAVE TO TRIAL BY A COURT OR A JURY AND ALL RIGHTS OF APPEAL AND TO AN AWARD OF PUNITIVE OR EXEMPLARY DAMAGES.

Appears in 4 contracts

Samples: Letter Agreement (MedMen Enterprises, Inc.), Senior Secured Commercial Loan Agreement (MedMen Enterprises, Inc.), Senior Secured Commercial Loan Agreement (MedMen Enterprises, Inc.)

Governing Law; Arbitration. This Agreement shall be governed by, and interpreted construed and enforced in accordance with with, the laws of the State of New York York, without giving effect to the principles of conflicts of law principles thereof. Any disputecontroversy, controversy claim or claim (each, a “Dispute”) dispute arising out of or relating to this Agreement, Agreement or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute breach thereof shall be settled solely and exclusively by binding arbitration in Hong Kong New York, New York administered by the Hong Kong International Arbitration Centre (the “HKIAC”) JAMS. Such arbitration shall be conducted in accordance with the Hong Kong International Arbitration Centre Administered then prevailing JAMS Streamlined Arbitration Rules & Procedures, with the following exceptions to such rules if in conflict: (the “HKIAC Rules”a) in force at the time when the Arbitration Notice is submitted. The seat of arbitration one arbitrator shall be Hong Kong. There shall be three chosen by JAMS; (3b) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party Party to the arbitration fails to appoint will pay an arbitrator equal share of the expenses and fees of the arbitrator, together with other expenses of the Selection Period, the relevant appointment shall be made arbitration incurred or approved by the chairman arbitrator; and (c) arbitration may proceed in the absence of any Party if written notice (pursuant to the JAMS’ rules and regulations) of the HKIACproceedings has been given to such Party. Each Party shall bear its own attorneys fees and expenses. The arbitral proceedings shall be conducted Parties agree to abide by all decisions and awards rendered in Englishsuch proceedings. To Such decisions and awards rendered by the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal arbitrator shall be final and binding upon the parties theretoconclusive. All such controversies, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration claims or disputes shall be settled in this manner in lieu of any Dispute pursuant to action at law or equity; provided, however, that nothing in this Sectionsubsection shall be construed as precluding the bringing an action for injunctive relief as provided in Section 7. IF FOR ANY REASON THIS ARBITRATION CLAUSE BECOMES NOT APPLICABLE OR IF THE PARTIES ARE SEEKING INJUNCTIVE OR EQUITABLE RELIEF AS PROVIDED ABOVE, the losing party in such arbitration shall pay to the prevailing party all expenses and fees THEN EACH PARTY, (including reasonable attorneys’ feesi) incurred in connection with the arbitration of such DisputeTO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, and the arbitration orderHEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY AS TO ANY ISSUE RELATING HERETO IN ANY ACTION, ruling or award shall contain a specific provision providing for such paymentPROCEEDING, OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER MATTER INVOLVING THE PARTIES HERETO, AND (ii) SUBMITS TO THE EXCLUSIVE JURISDICTION AND VENUE OF THE FEDERAL OR STATE COURTS LOCATED IN NEW YORK COUNTY, NEW YORK AND EACH PARTY HERETO AGREES NOT TO INSTITUTE ANY SUCH ACTION OR PROCEEDING IN ANY OTHER COURT IN ANY OTHER JURISDICTION. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN THE COURTS REFERRED TO IN THIS SECTION 12.

Appears in 4 contracts

Samples: Employment Agreement (Retrophin, Inc.), Employment Agreement (Retrophin, Inc.), Employment Agreement (Retrophin, Inc.)

Governing Law; Arbitration. 27.1 This Agreement is governed by, and shall be governed and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereof. with, English law. 27.2 Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to in connection with this Agreement, or the interpretation, breach, terminationincluding any question regarding its existence, validity or invalidity thereoftermination, shall be referred to and finally resolved by arbitration upon under the demand Rules of either party to the dispute with notice Arbitration (the “Arbitration NoticeRules”) to of the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong London Court of International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC RulesLCIA Court”) in force at the time when the Arbitration Notice is submitted. The seat date of arbitration shall this Agreement, which Rules are deemed to be Hong Kongincorporated by reference to this Clause 27. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties Parties agree that one arbitrator shall not be limited nominated by each party for appointment by the LCIA Court in their selection to any prescribed listaccordance with the Rules. The chairman of the HKIAC third arbitrator who shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by act as the chairman of the HKIAC. The arbitral proceedings tribunal, shall be conducted in English. To nominated by agreement of the extent that two party-approved arbitrators within fourteen days of the HKIAC Rules are in conflict with the provisions confirmation of this Section 5.2, including the provisions concerning the appointment of the arbitratorssecond arbitrator, or in default of such agreement, appointed by the LCIA Court. The seat of the arbitration shall be London. The language of this arbitration shall be English. 27.3 The arbitrators shall have the power to grant any legal or equitable remedy or relief available under law, including but not limited to injunctive relief, whether interim and/or final, and specific performance, and any measures ordered by the arbitrators may be specifically enforced by any court of competent jurisdiction. Each Party retains the right to seek interim or provisional measures, including but not limited to injunctive relief and including but not limited to pre-arbitral attachments or injunctions, from any court of competent jurisdiction, and any such request shall not be deemed incompatible with the agreement to arbitrate or a waiver of the right to arbitrate. For the avoidance of doubt, this Section 5.2 shall prevail. The award Clause 27 is not intended to limit the powers of the court exercisable in support of arbitration proceedings pursuant to section 44 of the Arbitration Axx 0000 of England. 27.4 In order to facilitate the comprehensive resolution of related disputes, the Parties agree that upon request of any Party to an arbitration pursuant to this Clause 27, the arbitral tribunal may, within 90 days of its appointment, consolidate the arbitration with any other arbitration or proposed arbitration involving any of the Parties and relating to this Agreement and/or any other agreement (a “Related Agreement”) for the sale and purchase of any participation interest in the Company other than the Participation Interests executed simultaneously with this Agreement. The arbitral tribunal shall not consolidate such arbitrations unless it determines that (a) there are issues of fact or law common to the arbitrations in question so that a consolidated proceeding would be final and binding upon the parties theretomore efficient than separate proceedings, and the prevailing party may apply to (b) no Party would be prejudiced as a court of competent jurisdiction for enforcement result of such awardconsolidation through undue delay or otherwise. In the event of different rulings on this question by the arbitration of tribunal constituted hereunder and the tribunal constituted under any Dispute pursuant to this SectionRelated Agreement, the losing party ruling of the first formed panel shall control. In the case of the consolidated proceeding, the arbitrators in such arbitration that proceeding shall pay to be appointed by the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentLCIA Court.

Appears in 4 contracts

Samples: Sale and Purchase Agreement (Pepsiamericas Inc/Il/), Amendment and Restatement Agreement (Pepsiamericas Inc/Il/), Amendment and Restatement Agreement (Pepsiamericas Inc/Il/)

Governing Law; Arbitration. (a) This Agreement shall be governed by and interpreted construed for all purposes under and in accordance with the laws Laws of the State of New York Hong Kong without giving effect thereof to the conflicts principles of law principles thereof. conflict of laws. (b) Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall first be referred subject to resolution through consultation of the parties to such dispute, controversy or claim. Such consultation shall begin within seven (7) days after one Party hereto has delivered to the other Parties involved a written request for such consultation. If within thirty (30) days following the commencement of such consultation the dispute cannot be resolved, the dispute shall be submitted to arbitration upon the demand request of either party any Party with notice to the dispute with notice other Parties. (the “Arbitration Notice”c) to the other. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong). There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”)arbitration. Such arbitrators shall be freely selected, and the parties Parties shall not be limited in their selection to any prescribed list. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice Law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within thirty (30) days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. . (d) The arbitral arbitration proceedings shall be conducted in EnglishChinese. To The arbitration tribunal shall apply the extent that Arbitration Rules of the HKIAC Rules in effect at the time of the arbitration. However, if such rules are in conflict with the provisions of this Section 5.29.14, including the provisions concerning the appointment of the arbitrators, the provisions of this Section 5.2 9.14 shall prevail. ; (e) The arbitrators shall decide any dispute submitted by the parties to the arbitration strictly in accordance with the substantive Law of Hong Kong and shall not apply any other substantive law. (f) Each Party hereto shall cooperate with any party to the dispute in making full disclosure of and providing complete access to all information and documents requested by such party in connection with such arbitration proceedings, subject only to any confidentiality obligations binding on the Party receiving the request. (g) The award of the arbitral arbitration tribunal shall be final and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In . (h) Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 4 contracts

Samples: Series F Preferred Share Purchase Agreement (Qiniu Ltd.), Preferred Share Purchase Agreement (Qiniu Ltd.), Series F 1 Preferred Share Purchase Agreement (Qiniu Ltd.)

Governing Law; Arbitration. This All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereofHong Kong. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother parties. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered UNCITRAL Arbitration Rules (the HKIAC UNCITRAL Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 9(a). There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within thirty (30) days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party hereto shall cooperate with any party to the dispute in making full disclosure of and providing complete access to all information and documents requested by such party in connection with such arbitration proceedings, subject only to any confidentiality obligations binding on the party receiving the request. Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 4 contracts

Samples: Share Purchase Agreement (Semiconductor Manufacturing International Corp), Share Purchase Agreement (Datang Telecom Technology & Industry Holdings LTD), Share Purchase Agreement

Governing Law; Arbitration. This All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts any choice or conflict of law principles provision or rule thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 9(b). There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within thirty (30) days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 3 contracts

Samples: Share Subscription Agreement (NIO Inc.), Share Subscription Agreement (NIO Inc.), Share Subscription Agreement (CYVN Investments RSC LTD)

Governing Law; Arbitration. (a) This Agreement shall be governed by and interpreted construed in accordance with the laws Laws of the State of New York Delaware that apply to agreements made and performed entirely within the State of Delaware, without giving effect regard to the conflicts of law principles thereof. laws provisions thereof or of any other jurisdiction. (b) Any dispute, controversy controversy, difference or claim (each, a “Dispute”) arising out of or relating to this Agreement, or including the existence, validity, interpretation, breachperformance, termination, validity breach or invalidity thereof, termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled and finally resolved by arbitration in Hong Kong administered by the Hong Kong International Arbitration Centre (the “HKIAC”) under the HKIAC’s Administered Arbitration Rules in force when the Notice of Arbitration is submitted (it being understood and agreed that any Proceeding arising out of or relating to the Merger Agreement, the Support Agreement, the Guarantee for Sponsor and the Equity Commitment Letter for Sponsor shall be referred to and finally resolved by litigation in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedprovisions thereof). The seat of the arbitration shall be Hong Kong. There The arbitral tribunal shall be consist of three (3) arbitrators. The complainant and the respondent to such dispute ; each party shall each select appoint one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator, who shall act as the presiding arbitrator, shall be appointed by the two party appointed arbitrators. Each arbitrator shall be an experienced U.S. qualified attorney. If either party to no agreement can be reached within the arbitration fails to appoint an arbitrator with the Selection Periodtime period required by HKIAC, the relevant appointment presiding arbitrator shall be made appointed by the chairman of the HKIAC. The arbitral award shall be non-appealable, final and binding upon both parties. The arbitration proceedings shall be conducted in English. To The arbitral tribunal is hereby expressly authorized to establish such extension period as referred to in the extent that the HKIAC Rules are in conflict with the provisions fourth sentence of this Section 5.2, including the provisions concerning the appointment 9.13 (a) of the arbitrators, this Section 5.2 shall prevailMerger Agreement as it may deem appropriate. The award of the arbitral tribunal This arbitration agreement shall be final and binding upon governed by the parties theretolaws of Hong Kong, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay without regard to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration conflict of such Dispute, and the arbitration order, ruling laws provisions thereof or award shall contain a specific provision providing for such paymentany other jurisdiction.

Appears in 3 contracts

Samples: Letter Agreement (Chindex International Inc), Letter Agreement (Fosun Industrial Co., LTD), Letter Agreement (Fosun Industrial Co., LTD)

Governing Law; Arbitration. This Agreement shall be governed by and interpreted construed in accordance with the internal laws of the State of New York without giving effect to the conflicts of law principles thereofYork. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating related to this Agreement, Debenture or the interpretation, breach, termination, validity or invalidity breach thereof, shall be referred to settled by binding arbitration in New York, New York in accordance with the Expedited Procedures (Rules 53-57) of the Commercial Arbitration Rules of the American Arbitration Association (“AAA”). A proceeding shall be commenced upon written demand by the demand of either party to the dispute with notice (the “Arbitration Notice”) Company or Holder to the other. The Dispute arbitrator(s) shall enter a judgment by default against any party, which fails or refuses to appear in any properly noticed arbitration proceeding. The proceeding shall be settled conducted by arbitration one (1) arbitrator, unless the amount alleged to be in Hong Kong by the Hong Kong International Arbitration Centre dispute exceeds two hundred fifty thousand dollars (the “HKIAC”) $250,000), in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be which case three (3) arbitratorsarbitrators shall preside. The complainant and arbitrator(s) will be chosen by the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving parties from a list provided by the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedAAA, and if the parties shall not be limited in their selection are unable to any prescribed list. The chairman of agree within ten (10) days, the HKIAC AAA shall select the third arbitratorarbitrator(s). If either The arbitrators must be experts in securities law and financial transactions. The arbitrators shall assess costs and expenses of the arbitration, including all attorneys’ and experts’ fees, as the arbitrators believe is appropriate in light of the merits of the parties’ respective positions in the issues in dispute. Each party submits irrevocably to the arbitration fails jurisdiction of any state court sitting in New York, New York or to appoint an arbitrator the United States District Court sitting in New York, New York for purposes of enforcement of any discovery order, judgment or award in connection with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailsuch arbitration. The award of the arbitral tribunal arbitrator(s) shall be final and binding upon the parties theretoand may be enforced in any court having jurisdiction. The arbitration shall be held in such place as set by the arbitrator(s) in accordance with Rule 55. With respect to any arbitration proceeding in accordance with this section, the prevailing party’s reasonable attorney’s fees and expenses shall be borne by the non-prevailing party. Although the parties, as expressed above, agree that all claims, including claims that are equitable in nature, for example specific performance, shall initially be prosecuted in the binding arbitration procedure outlined above, if the arbitration panel dismisses or otherwise fails to entertain any or all of the equitable claims asserted by reason of the fact that it lacks jurisdiction, power and/or authority to consider such claims and/or direct the remedy requested, then, in only that event, will the parties have the right to initiate litigation respecting such equitable claims or remedies. The forum for such equitable relief shall be in either a state or federal court sitting in New York, New York. Each party waives any right to a trial by jury, assuming such right exists in an equitable proceeding, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay irrevocably submits to the prevailing party all expenses jurisdiction of said New York court. New York law shall govern both the proceeding as well as the interpretation and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration construction of such Dispute, this Agreement and the arbitration order, ruling or award shall contain transaction as a specific provision providing for such paymentwhole.

Appears in 3 contracts

Samples: Convertible Security Agreement (Solomon Technologies Inc), Convertible Security Agreement (Solomon Technologies Inc), Convertible Security Agreement (Solomon Technologies Inc)

Governing Law; Arbitration. (a) This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and interpreted construed in accordance with with, the internal laws of the State of New York Louisiana, without giving effect regard to the laws of any other jurisdiction that might be applied because of the conflicts of law laws principles thereof. of the State of Louisiana. (b) Any disputecontroversy, controversy claim, or claim (each, a “Dispute”) dispute arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity breach thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong administered by the Hong Kong International American Arbitration Centre (the “HKIAC”) Association in accordance with its Commercial Arbitration Rules, and judgment on the Hong Kong International Arbitration Centre Administered Arbitration Rules (award rendered by the “HKIAC Rules”) arbitrators may be entered in force at any court having jurisdiction thereof. Accordingly, the time when parties to this Agreement understand and agree that they have waived their rights to have any claims and/or disputes arising out of this Agreement litigated and/or adjudicated in a court of law, and thus agree that arbitration as provided herein is the Arbitration Notice is submittedexclusive process for resolving any and all legal and/or equitable claims and/or arising out of this Agreement. This waiver means that the parties irrevocably waive all of their rights to a judge or jury trial, whether in federal, state, administrative or local courts in any action, proceeding or counterclaim arising out of or relating to this Agreement or the transactions contemplated hereby and a party shall only present such claims and/or disputes for resolution through arbitration as provided in this Agreement. The seat arbitration proceedings shall be conducted before a panel of three (3) neutral arbitrators. The administrative fee and all costs of the arbitration, including the arbitrators’ compensation, shall be allocated equally between the parties. Each party to the arbitration shall be responsible for their own costs and attorney’s fees. The place of arbitration shall be Hong Kong. There shall be three (3) arbitratorsNew Orleans, Louisiana. The complainant and parties acknowledge that this Agreement evidences a transaction involving interstate commerce. The United States Arbitration Act shall govern the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedinterpretation, enforcement, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party proceedings pursuant to the arbitration fails clause in this Agreement. (c) Either party may apply to appoint an the arbitrators seeking injunctive relief until the arbitration award is rendered or the controversy is otherwise resolved. Either party also may, without waiving any remedy under this Agreement, seek from any court having jurisdiction any interim or provisional relief that is necessary to protect the rights or property of that party, pending the establishment of the arbitral tribunal or pending the arbitral tribunal’s determination of the merits of the dispute or controversy. (d) The award of the arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings in writing, shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment signed by a majority of the arbitrators, this Section 5.2 and shall prevail. The award of include a statement setting forth the arbitral tribunal shall be final and binding upon reasons for the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration disposition of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentclaim.

Appears in 3 contracts

Samples: Merger Agreement (Iberiabank Corp), Merger Agreement (Iberiabank Corp), Merger Agreement (Iberiabank Corp)

Governing Law; Arbitration. This Agreement shall will be governed deemed a contract made under, and interpreted for all purposes will be construed in accordance with, the laws of Arizona. You and the Company agree that any controversy or claim relating to this Agreement or any breach thereof, and any claims you may have arising from or relating to your employment (or separation from employment) with the Company or that the Company may have against you arising from or relating to your employment with the Company, of any nature whatsoever, other than for workers’ compensation, unemployment or disability benefits, will be settled solely and finally by binding arbitration in Maricopa County, Arizona before a single neutral arbitrator in accordance with the laws Employment Arbitration Rules and Mediation Procedures of the American Arbitration Association (“AAA”) then in effect in the State of New York without giving effect Arizona, which can be found at xxx.xxx.xxx, and for which you can request a copy from the Company. This mutual agreement to arbitrate shall be governed for all legal purposes by the conflicts of law principles thereofFederal Arbitration Act. Any dispute, controversy or You agree that any claim (each, a “Dispute”) arising out of or relating brought pursuant to this AgreementAgreement shall be brought in your individual capacity only, and not as a class, collective, or representative action and that the interpretationarbitrator has no power or authority to preside over a class, breachcollective or representative action. Judgment upon the award, terminationif any, validity or invalidity rendered by the arbitrator may be entered in any court having jurisdiction thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall provided that this Section 10 will not be limited in their selection construed to eliminate or reduce any prescribed list. The chairman of right the HKIAC shall select the third arbitrator. If either party Company or you may otherwise have to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to obtain a temporary restraining order or a preliminary or permanent injunction from a court of competent jurisdiction for enforcement of such award. In the event to enforce any of the arbitration covenants contained in this Agreement before the matter can be heard in arbitration. The arbitrator shall issue written findings of fact and conclusions of law. YOU AND THE COMPANY UNDERSTAND THAT BY AGREEING TO BINDING ARBITRATION YOU AND THE COMPANY ARE GIVING UP YOUR RIGHTS TO TRIAL BY JURY OF ANY CLAIM EITHER MAY HAVE AGAINST EACH OTHER. The arbitrator shall have the authority to award either party their reasonable and substantiated legal fees and costs incurred with respect to any claims upon which they prevail. You agree that nothing in this Agreement prevents you from making a report to or filing a charge with a federal, state, or local government agency and that nothing in this Agreement precludes your participation in an investigation by a government agency. However, after exhaustion of any Dispute such administrative procedures, any remaining issue or dispute between you and the Company shall be resolved exclusively pursuant to the terms of this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentSection 10.

Appears in 3 contracts

Samples: Employment Agreement (Revelstone Capital Acquisition Corp.), Employment Agreement (Revelstone Capital Acquisition Corp.), Employment Agreement (Revelstone Capital Acquisition Corp.)

Governing Law; Arbitration. This Agreement Agreement, the rights and obligations of the parties hereto, and all claims or disputes relating thereto, shall be governed by and interpreted construed in accordance with the laws of the State Commonwealth of New York Massachusetts, without giving effect regard to the conflicts choice of law principles provisions thereof. Any disputeExcept for disputes arising under Exhibit A, controversy Exhibit B, Exhibit C or claim Exhibit D hereof, which shall be decided pursuant to the terms of those Exhibits, any dispute arising from this Agreement or Executive’s employment with the Company, including but not limited to claims for wrongful termination; violation of Title VII of the Civil Rights Act of 1964 as amended; violations of the Americans with Disabilities Act of 1990; violations of Massachusetts law, including without limitation claims pursuant to Chapter 151B of the Massachusetts General Laws and the Massachusetts Wage Act and Overtime law; or claims for violations of any state law or rule or regulation regarding discrimination, harassment or other wrongful conduct (eachcollectively, a DisputeCovered Claims) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof), shall be referred to decided solely and exclusively in a final and binding arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong administered by the Hong Kong International Arbitration Centre (the “HKIAC”) JAMS in Boston, Massachusetts, in accordance with the Hong Kong International Arbitration Centre Administered JAMS Employment Arbitration Rules (the “HKIAC Rules”) in force effect at the time when of the Arbitration Notice is submitted. The seat filing of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection PeriodRules”). Such arbitrators , a copy of which is available at xxxx://xxx.xxxxxxx.xxx/rules-employment-arbitration/. The arbitrator shall be freely selecteda single arbitrator with expertise in employment disputes, mutually selected by the parties, or, if the parties are unable to agree thereon, a single arbitrator with expertise in employment disputes designated by the Boston office of JAMS. The arbitrator shall have the authority to award all remedies available in a court of law. The Company shall pay the arbitrator’s fees and all fees and costs to administer the arbitration. The parties acknowledge and agree that their obligations to arbitrate under this Section survive the termination of the Agreement and continue after the termination of the employment relationship between the Executive and the parties shall Company. By agreeing to arbitrate disputes arising out of Executive’s employment, both the Executive and the Company voluntarily and irrevocably waive any and all rights to have any such dispute heard or resolved in any forum other than through arbitration as provided herein. This waiver specifically includes, but is not be limited in their selection to, any right to any prescribed listtrial by jury. The chairman of the HKIAC shall select the third arbitrator. If either party Notwithstanding anything to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitratorscontrary set forth herein, this Section 5.2 will not apply to claims for workers’ compensation or unemployment benefits, any claim for injunctive or equitable relief, or any claim arising from Exhibit A, Exhibit B, Exhibit C or Exhibit D to this Agreement brought by the Company or the Executive, which shall prevailbe governed by the terms and conditions thereof. The award All arbitration proceedings hereunder shall be confidential, except: (a) to the extent the parties otherwise agree in writing; (b) as may be otherwise appropriate in response to a request from a government agency, subpoena, or legal process; (c) if the substantive law of the arbitral tribunal shall be final State of Massachusetts (without giving effect to choice of law principles) provides to the contrary; or (d) as is necessary in a court proceeding to enforce, correct, modify or vacate the arbitrator’s award or decision (and binding upon in the case of this subpart (d), the parties theretoagree to take all reasonable steps to ensure that the arbitrator’s award, decision or findings and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Sectionall other documents, the losing party in such arbitration shall pay to the prevailing party all expenses pleadings and fees (including reasonable attorneys’ fees) incurred in connection papers are filed and/or entered with the arbitration court under seal and/or in a manner that would maintain their confidentiality, including, without limitation, complying with all rules of such Disputeprocedure and local rules for filing documents, pleadings and the arbitration order, ruling or award shall contain a specific provision providing for such paymentpapers under seal).

Appears in 3 contracts

Samples: Executive Employment Agreement (DraftKings Inc.), Executive Employment Agreement (DraftKings Inc.), Executive Employment Agreement (DraftKings Inc.)

Governing Law; Arbitration. 21.1 This Agreement shall be governed by and interpreted construed in accordance with the laws of the State state of New York York, USA (LAW) without giving effect regard to the conflicts its conflict or choice of law principles thereofprovisions. This Agreement and all related correspondence shall be written in the English language, which shall take precedence over any translation. Vision Plant Inc. CONTRACT NO: LSA 20040831 Telematics Wireless Ltd. 21.2 Any dispute, controversy or claim (each, a “Dispute”) dispute arising out of or relating to in connection with this Agreement, or the interpretation, breach, terminationincluding its existence, validity or invalidity thereoftermination, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) handled in accordance with the Hong Kong following process: 21.3 The Customer and the Supplier's in-country Representative as specified in Articles 27 and 34 shall agree to enter into negotiations to resolve such dispute. Both parties agree to negotiate in good faith to reach a mutually agreeable settlement within a reasonable amount of time. If after a period of twenty (20) calendar days the dispute remains unresolved, it shall then be solely and finally settled by binding arbitration under the Rules of Conciliation and Arbitration of the International Arbitration Centre Administered Arbitration Rules Chamber of Commerce (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedICC), which rules are deemed to be incorporated by reference into this article. The seat tribunal shall consist of arbitration shall be Hong Kong. There shall be three (3) arbitratorsarbitrators appointed pursuant to the rules of the ICC and as follows: one arbitrator shall be appointed by the Customer, one by the Supplier. The complainant and the respondent to such dispute shall each select one third arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, appointed by the other two arbitrators and shall be the parties shall not be limited in their selection to any prescribed listpresident of the tribunal. The chairman place of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made the state of New York, USA. The English language shall be used throughout the arbitral proceedings. The judgment rendered by the chairman of arbitrators upon the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, Parties and the prevailing party may apply to a be submitted in any court of competent having jurisdiction for the purposes of obtaining an order of enforcement or judicial acceptance of such the award, as the case may be. 21.4 The Parties shall not be entitled for any reason whatsoever, to stop the implementation of this Agreement or/ and any of the obligations hereto. In As an exception to the aforementioned, in the event that the Customer delays the payment to the Supplier of any overdue amount of the arbitration of any Dispute pursuant to Price, for a period which is longer than fourteen (14) days from the date that this Section, the losing party amount became due and payable in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection accordance with the arbitration terms and conditions of such Disputethis Agreement, and then the arbitration order, ruling or award Supplier shall contain a specific provision providing have the right to stop the implementation of its obligations until the date that the Customer will fulfill its respective obligation for such payment.

Appears in 3 contracts

Samples: License and Supply Agreement, License and Supply Agreement (Ituran Location & Control Ltd.), License and Supply Agreement (Ituran Location & Control Ltd.)

Governing Law; Arbitration. This Agreement is governed by and shall be governed and interpreted construed in accordance with the laws of the State state of New York without giving effect to the conflicts any conflict of law principles thereofprinciples. Any disputeWithout prejudice to Section E.7.b, controversy or claim (each, a “Dispute”) any dispute arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity breach thereof, which cannot otherwise be resolved as provided above shall be referred to resolved by binding arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) conducted in accordance with the Hong Kong International commercial arbitration rules of the American Arbitration Centre Administered Arbitration Rules Association (the “HKIAC RulesArbitrator”) (or, major international arbitration institution agreed by the Parties) and judgement upon the award rendered by the arbitration may be entered in force at the time when the Arbitration Notice is submittedany court of competent jurisdiction. The seat arbitration shall be conducted by a single arbitrator appointed in accordance with such rules; provided, however, that if either Party requests the arbitration to be conducted by a panel of three arbitrators, one will be appointed by each Party and the third will be appointed in accordance with such rules. The place of arbitration shall be Hong Kong. There New York, New York, United States of America, unless the Parties shall be three have agreed to another location within fifteen (315) arbitratorscalendar days from the first referral of the dispute to the Arbitrator. The complainant and decision or award made by the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedwritten, final and binding, and the parties shall not Parties waive any right to appeal the arbitral award, to the extent a right to appeal may be limited in their selection to any prescribed listlawfully waived. The chairman costs of any arbitration, including administrative fees and fees of the HKIAC arbitrator or arbitrators, shall select be shared equally by the third arbitratorParties, unless otherwise specified by the arbitrator or arbitrators. If either party to the Party initiating the arbitration fails is determined in the arbitral award to appoint an arbitrator with have lost the Selection PeriodDispute, such Party shall pay the relevant appointment other Party’s attorneys’ and expert fees. Otherwise, each Party shall be made by bear the chairman cost of its own attorneys’ and expert fees. Each Party retains the right to seek judicial assistance: (a) to compel arbitration; and (b) to enforce any decision of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2arbitrator, including the provisions concerning the appointment of the arbitrators, final award. The arbitration proceedings contemplated by this Section 5.2 shall prevail. The award of the arbitral tribunal C.7.j shall be final as confidential and binding upon private as permitted by law. To that end, the parties theretoParties shall not disclose the existence, content or results of *** Represents material which has been redacted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended. any proceedings conducted in accordance with this Section C.7.j, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party deem that all expenses and fees (including reasonable attorneys’ fees) incurred materials submitted in connection with such proceedings are for the arbitration purpose of such Disputesettlement and compromise; provided, however, that this confidentiality provision shall not prevent a petition to vacate or enforce an arbitral award, and shall not bar disclosures required by law (including any rule, regulation or policy statement of any national securities exchange, market or automated quotation system on which the arbitration order, ruling Receiving Party’s securities are listed or award shall contain a specific provision providing for such paymentquoted).

Appears in 3 contracts

Samples: Outsourcing Agreements, Decolar Lodging Outsourcing Agreement, Decolar Lodging Outsourcing Agreement (Despegar.com, Corp.)

Governing Law; Arbitration. (a) This Agreement shall be governed by, and interpreted construed in accordance with with, the laws Laws of the State of New York applicable to contracts executed in and to be performed in that State, without giving effect regard to principles of the conflicts conflict of law principles thereof. laws. (b) Any disputedispute arising out of, controversy or claim in connection with this Agreement or any of the Ancillary Agreements or any transactions contemplated hereby or thereby, including any question regarding the existence, validity, interpretation, breach or termination of this Agreement or any of the Ancillary Agreements (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof), shall be referred to arbitration referred, upon the demand of either party to the dispute with written notice (the a Arbitration Dispute Notice”) given by one Party to the otherother(s), to a senior executive from each Party. The senior executives shall seek to resolve the Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator on an amicable basis within thirty (30) days after giving of the Dispute Notice being received (c) Any Dispute not resolved within thirty (30) days of the Dispute Notice being received shall be referred to, and shall be finally and exclusively resolved by, arbitration under the LCIA Rules then in effect, as amended by this Section 14.09, which LCIA Rules are deemed to be incorporated by reference into this Section 14.09. The seat, or receiving legal place, of the demand for arbitration (shall be London, England. The language of the “Selection Period”)arbitration shall be English. Such The number of arbitrators shall be freely selected, three (3). Each Party shall nominate one arbitrator and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made two arbitrators nominated by the chairman Parties shall, within thirty (30) days of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitratorssecond arbitrator, this Section 5.2 agree upon and nominate a third arbitrator who shall prevailact as Chairman of the Tribunal. If no agreement is reached within thirty (30) days, the LCIA Court shall appoint a third arbitrator to act as Chairman of the Tribunal. The award Chairman of the arbitral tribunal arbitration panel should not be a citizen or a resident of the country of an arbitrator nominated by, or appointed on behalf of, a Party nor should the Chairman be a citizen or a resident of the United States of America or the United Arab Emirates. It is hereby expressly agreed that if there is more than one claimant party or more than one respondent party, the claimant parties shall together nominate one arbitrator and the respondent parties shall together nominate one arbitrator. In the event that a sole claimant or the claimant parties, on the one side, or a sole respondent or the respondent parties, on the other side, fails to nominate its/their arbitrator, such arbitrator shall be appointed by the LCIA Court. Any award issued by the arbitrators shall be final and binding upon the parties theretoParties, and, subject to this Section 14.09(c) and to Section 14.09(d), may be entered and enforced in any court of competent jurisdiction by any of the prevailing party Parties. In the event any Party subject to such final and binding award desires to have it confirmed by a final order of a court, the only court which may apply to do so shall be a court of competent jurisdiction located in London, England; provided however, that nothing in this sentence shall prejudice or prevent a Party from enforcing the arbitrators’ final and binding award in any court of competent jurisdiction. The Parties hereto acknowledge and agree that any breach of the terms of this Agreement or any of the Ancillary Agreements could give rise to irreparable harm for which money damages would not be an adequate remedy. Accordingly, the Parties agree that, prior to the formation of the Tribunal, the Parties have the right to apply exclusively to any court of competent jurisdiction or other judicial authority located in London, England for interim or conservatory measures, including, without limitation, to compel arbitration (an “Interim Relief Proceeding”). Furthermore, the Parties agree that, after the formation of the Tribunal, the arbitrators shall have the sole and exclusive power to grant temporary, preliminary and permanent relief, including injunctive relief and specific performance, and any then pending Interim Relief Proceeding shall be discontinued without prejudice to the rights of any of the parties thereto. Unless otherwise ordered by the arbitrators pursuant to the terms hereof, the arbitrators’ expenses shall be shared equally by the Parties. In furtherance of the foregoing, each of the Parties hereto irrevocably submits to: (i) the exclusive jurisdiction of the courts of England located in London, England in relation to any Interim Relief Proceeding and; (ii) the non-exclusive jurisdiction of the courts of England located in London, England with respect to the enforcement of any arbitral award rendered in accordance with this Section 14.09; and, with respect to any such awardsuit, action or proceeding, waives any objection that it may have to the courts of England located in London, England on the grounds of inconvenient forum. In For the event avoidance of doubt, where an arbitral tribunal is appointed under this Agreement, the whole of its award shall be deemed for the purposes of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 to be contemplated by this Agreement or any of the Ancillary Agreements, as the case may be (and judgment on any such award may be entered in accordance with the provisions set forth in this Section 14.09). (d) Each of Oyster and Pearl hereby irrevocably waives to the fullest extent permitted by applicable Law whatever defense it may have of sovereign immunity against suit or enforcement, for itself and its property (presently owned or subsequently acquired, and whether related to this Agreement or any of the Ancillary Agreements, as the case may be, or not), in: (i) any arbitration proceedings commenced and held in London, England in accordance with this Section 14.09(c); (ii) any Interim Relief Proceeding commenced and held in a court of competent jurisdiction in London, England, in accordance with Section 14.09(c); (iii) any proceedings in a court of competent jurisdiction located in London, England to confirm an award rendered by the arbitrators in accordance with this Section 14.09; and (iv) any proceedings in a court of competent jurisdiction to enforce an award, and each of Oyster and Pearl agrees that it will not raise, claim or cause to be pleaded any such immunity at or in respect of any Dispute pursuant such action or proceeding. (e) The Parties hereto agree that the process by which any arbitral or other proceedings in London, England are begun may be served on them by being delivered to this SectionLaw Debenture Corporate Services Limited or their registered offices for the time being and by giving notice in accordance with Section 14.01. If Law Debenture Corporate Services Limited is not or ceases to be effectively appointed to accept service of process in England on any Party’s behalf, such Party shall immediately appoint a further person in England to accept service of process on its behalf. If within fifteen (15) days of notice from a Party requiring another Party to appoint a person in England to accept service of process on its behalf the other Party fails to do so, the losing party in Party shall be entitled to appoint such arbitration shall pay a person by written notice to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred other Party. Nothing in connection with this paragraph shall affect the arbitration right of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentParties to serve process in any other manner permitted by Law.

Appears in 3 contracts

Samples: Master Transaction Agreement, Master Transaction Agreement (Advanced Micro Devices Inc), Master Transaction Agreement (Advanced Micro Devices Inc)

Governing Law; Arbitration. This Agreement and all questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State state of New York without giving effect to the conflicts any choice of law principles thereofrule that would cause the application of the laws of any jurisdiction other than the internal laws of New York to the rights and duties of the Parties hereunder. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either party any Party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother Party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 7.02. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in New York. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within the Selection Periodaforementioned 30-day period, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Dragon Victory International LTD), Share Subscription and Warrant Purchase Agreement (The9 LTD), Securities Subscription and Warrant Purchase Agreement (Dragon Victory International LTD)

Governing Law; Arbitration. This Agreement will be governed by and construed and enforced under the internal laws of the State of New York, without reference to principles of conflict of laws or choice of laws. Any controversy or claim arising under, out of, or in relation to this Agreement or any breach or alleged breach hereof, shall be governed determined and interpreted settled by arbitration, pursuant to the rules then obtaining of the American Arbitration Association (the "AAA"), and the procedures set forth herein. In the event of an inconsistency between the rules of the AAA and the procedures set forth herein, the procedures set forth herein shall control. The location of the arbitration shall be in accordance New York, New York. The arbitration shall be conducted by a panel of three (3) neutral arbitrators who are independent and disinterested with respect to the parties, the Agreement, and the outcome of the arbitration. The parties shall first attempt to select mutually the three (3) arbitrators. If no agreement can be reached by the parties within thirty (30) days of the filing of the demand for arbitration, then each party shall select one (1) arbitrator and the two (2) arbitrators thus selected shall then select the third arbitrator. If any vacancy occurs in the board of arbitrators appointed hereunder by reason of death, resignation, refusal to act, physical incapacity or otherwise, a new arbitrator shall be appointed in the same manner and by the same party or arbitrators, as applicable, by whom the previous incumbent was appointed. The arbitrators shall be instructed and directed to assume case management initiative and control over the arbitration process (including, without limitation, scheduling of events, prehearing discovery and activities, and the conduct of the hearing), in order to complete the arbitration as expeditiously as is reasonably practical for obtaining a just resolution of the dispute. Each party shall bear its own expenses in connection with the arbitration, and shall share equally in the payment of the arbitrators' fees as and when billed by the arbitrators, unless the arbitrators rule otherwise. Such determination by the two (2) of the three (3) arbitrators shall be final, binding and conclusive upon the parties hereto and shall be rendered in such form that it may be judicially confirmed under the laws of the State of New York without giving effect York. The parties hereto expressly consent to the conflicts of law principles thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman exclusive jurisdiction of the HKIAC shall select the third arbitrator. If either party courts in New York County to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment enforce any award of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such payment.

Appears in 3 contracts

Samples: Agreement (George Foreman Enterprises Inc), Investor Rights Agreement (George Foreman Enterprises Inc), Registration Rights Agreement (George Foreman Enterprises Inc)

Governing Law; Arbitration. (a) This Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York United Mexican States, without giving effect regard to the its conflicts of law principles thereof. principles. (b) Any disputeclaim, dispute or controversy or claim (each, a “Dispute”) arising out of of, or relating to in connection with the existence, validity, intent, interpretation, performance or enforcement of, this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to finally settled by arbitration upon under the demand Rules of either party to Arbitration of the dispute with notice International Chamber of Commerce, in effect on the date of this Agreement (the “Arbitration NoticeICC Rules) to the other). The Dispute number of arbitrators shall be settled by arbitration in Hong Kong 3 (three), each of whom shall be appointed by the Hong Kong International Arbitration Centre (the “HKIAC”) Chamber of Commerce in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC ICC Rules”) in force at the time when the Arbitration Notice is submitted. The seat place of arbitration shall be Hong KongMexico City, Mexico. There The award shall be three (3) arbitratorsrendered in English. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in Englishthe English language and all briefs and other nonevidentiary writings submitted to the arbitration panel shall be submitted in the English language. To Any documentary evidence submitted to the extent that arbitration panel shall be submitted in its original language. Any documentary evidence submitted to the HKIAC Rules are arbitration panel shall be submitted in conflict its original language. All fees and expenses incurred in connection with translating documents necessary to distribute to the parties in connection with the provisions of arbitration shall be shared equally between the parties participating in the arbitration. The arbitration procedure set forth in this Section 5.2, including 7.05 shall be the provisions concerning the appointment sole and exclusive means of the arbitrators, settling or resolving any dispute referred to in this Section 5.2 shall prevail7.05. The award of the arbitral tribunal arbitrators shall be final final, nonappealable and binding upon on the parties thereto, and may be presented by any of the prevailing party may apply to a parties for enforcement in any court of competent jurisdiction and the parties hereby consent to the jurisdiction of such court solely for purposes of enforcement of such awardthis arbitration agreement and any award rendered hereunder. In the event any such enforcement action, irrespective of where it is brought, none of the arbitration parties will seek to invalidate or modify the decision of any Dispute pursuant the arbitrators or otherwise to invalidate or circumvent the procedures set forth in this Section, Section 7.05. The fees of the losing party in arbitrators and the other costs of such arbitration shall pay to be borne by the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred parties in connection with such proportions as shall be specified in the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentaward.

Appears in 3 contracts

Samples: Purchase Agreement, Purchase Agreement (Helu Carlos Slim), Purchase Agreement (At&t Inc.)

Governing Law; Arbitration. This Agreement shall and the rights and obligations of the parties hereunder will be governed and interpreted construed in accordance with and governed by the laws law of the State Commonwealth of New York Massachusetts (without giving effect to the conflicts conflict of law principles thereof), except as may be preempted by the Employee Retirement Income Security Act of 1974, 29 U.S.C. §1001 et seq. Any dispute, controversy or claim (each, If a “Dispute”) arising dispute arises out of or relating relates to this Agreement, or the interpretation, its breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties have not been successful in resolving such dispute through negotiation, the parties agree to refer the dispute to final and binding arbitration by a sole arbitrator under the American Arbitration Association (“AAA”) Arbitration Rules (“Rules”) for employment disputes in effect on the date of this Agreement. The arbitration shall be in the county of Middlesex, Massachusetts, unless otherwise agreed by the parties. The parties also agree that the arbitrator shall have the power to award any remedies, including attorneys’ fees and costs (including arbitration costs), available under applicable law. The decision of the arbitrator shall be in writing. The arbitrator shall apply the substantive law of the Commonwealth of Massachusetts without giving effect to any principles of conflict of laws under the laws of the Commonwealth of Massachusetts. Judgment upon the award rendered in the arbitration may be entered in any court having jurisdiction thereof. The Executive and the Company agree that each party shall bear its own expenses (including attorney’s fees) and an equal share of the expenses of the arbitrator and the fees of the AAA. The parties, their representatives, other participants and the mediator and arbitrator shall hold the existence, content and result of the arbitration in confidence. Nothing in this section shall be construed to preclude any party from seeking injunctive relief in order to protect its rights pending arbitration. A request by a party to a court for such injunctive relief shall not be limited in their selection to any prescribed list. The chairman deemed a waiver or violation of the HKIAC shall select the third arbitratorobligation to arbitrate. If either By agreeing to submit any disputes to arbitration in accordance with this section, each party hereby fully and forever waives such party’s right to the a trial by jury of any such disputes, claims or controversies. In so doing, each party hereby acknowledges and agrees that judgment on any such disputes, claims or controversies submitted to arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall hereunder may be made entered by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentneutral arbitrator.

Appears in 3 contracts

Samples: Employment Agreement (BJ's Wholesale Club Holdings, Inc.), Employment Agreement (BJ's Wholesale Club Holdings, Inc.), Employment Agreement (BJ's Wholesale Club Holdings, Inc.)

Governing Law; Arbitration. This Agreement shall be governed by and interpreted construed in accordance with the internal laws of the State of New York without giving effect (as opposed to the conflicts of law principles thereof. provisions) of the State of Delaware. (a) Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this AgreementAgreement or its breach, or the interpretation, breachtermination or validity, terminationincluding any question whether a matter is subject to arbitration hereunder, validity is referred to herein as a "DISPUTE." (b) If the parties fail to settle any Dispute within 30 days after any party has given notice to the other parties hereto of the claimed existence of a Dispute, the Dispute shall be resolved by a confidential, binding arbitration. All such Disputes shall be arbitrated in Chicago, Illinois pursuant to the arbitration rules and procedures of J.A.M.S. Endispute before an arbitrator or invalidity thereofarbitrators selected in the manner provided in such rules and procedures, except that the "Final Offer (or Baseball)" Arbitration Option shall not be used unless otherwise agreed in writing. As a condition to JAMS' jurisdiction, the parties shall be entitled to conduct discovery pursuant to the Federal Rules of Civil Procedure. (c) Judgment upon any award rendered by the arbitrators may be entered in any court having jurisdiction, and each party hereto consents and submits to the jurisdiction of such court for purposes of such action. The statute of limitations, estoppel, waiver, laches and similar doctrines, which would otherwise be applicable in any action brought by a party, shall be referred applicable in any arbitration proceeding, and the commencement of an arbitration proceeding shall be deemed to arbitration upon be the demand commencement of either party an action for those purposes. The Federal Arbitration Act shall apply to the dispute construction, interpretation and enforcement of this arbitration provision. Each party shall bear its own expenses (including, without limitation, the fees and expenses of legal counsel and accountants) in connection with notice (such arbitration, and Parent and the “Arbitration Notice”) Company shall each bear one-half of the arbitrators' fees and expenses, provided that the arbitral award shall allocate such fees and expenses of counsel, accountants, other advisors and arbitrators according to the other. The Dispute shall be settled by arbitration relative success of the contesting parties in Hong Kong the arbitration, as determined by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedaward an amount equal to the actual monetary damages suffered by each contesting party, which may include interest costs incurred by such party and, in the case of the Surviving Corporation, actual reductions in retail earnings before interest, taxes, depreciation and amortization for the parties period in which they occur, but the arbitrators shall not be limited in their selection have the authority to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentpunitive damages.

Appears in 3 contracts

Samples: Supplemental Agreement (Patron Systems Inc), Supplemental Agreement (Patron Systems Inc), Supplemental Agreement (Patron Systems Inc)

Governing Law; Arbitration. This Agreement shall be governed construed and interpreted regulated in accordance with all respects under the laws of the State of New York without giving effect regard to the conflicts its conflict of law principles thereoflaws principles. Any dispute, controversy or claim (eachquestions arising under, a “Dispute”) arising out of of, or relating to this Agreement, Agreement of Employee's employment with the Company or the interpretation, breach, termination, validity or invalidity termination thereof, shall be referred for arbitration in the State of New York to arbitration upon a single neutral arbitrator selected by the demand Employee and Company and this shall be the exclusive and sole means of either party to the dispute with notice (the “Arbitration Notice”) to the otherresolving any such dispute. The Dispute arbitration proceeding shall be settled by arbitration in Hong Kong governed by the Hong Kong International Employment Rules of the American Arbitration Centre Association then in effect or such rules last in effect (in the “HKIAC”event such Association is no longer in existence) in accordance with but shall not be conducted under the Hong Kong International Arbitration Centre Administered Arbitration Rules (auspices of the “HKIAC Rules”) in force at Association, and the time when decision of the Arbitration Notice is submitted. The seat of arbitration arbitrator shall be Hong Konggoverned by the rule of law. There shall be three (3) arbitrators. The complainant and If the respondent parties are unable to such dispute shall each select one agree upon a neutral arbitrator within thirty (30) days after giving or receiving each party has given the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman other written notice of the HKIAC shall select the third arbitrator. If desire to submit a dispute, controversy or question for decision as aforesaid, then either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to the CPR of New York City for the appointment of a neutral arbitrator or, if the CPR is not then in existence or does not desire to act in the matter, either party may apply to the Presiding Judge of the appropriate court for the appointment of competent jurisdiction for enforcement a neutral arbitrator to hear the parties and settle the dispute, controversy or question. Such right to submit a dispute, controversy or question arising hereunder to arbitration and the decision of such awardthe neutral arbitrator shall be final, conclusive and binding on all parties and interested persons and no action at law or in equity shall be instituted or, if instituted, further prosecuted by either party other than to enforce the award of the neutral arbitrator. The arbitrator shall take submissions and hear testimony, if necessary, and shall render a written decision as promptly as possible, The arbitrator may require any form of discovery (e.g., depositions) in making his decision. In the event of the arbitration of connection with any Dispute pursuant to this Sectionarbitration, the losing party in such arbitration shall pay to the prevailing party all expenses shall be entitled to recover its costs and fees (including reasonable attorneys’ fees) incurred ' fees in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentaddition to other relief granted.

Appears in 2 contracts

Samples: Employment Agreement (Dualstar Technologies Corp), Employment Agreement (Dualstar Technologies Corp)

Governing Law; Arbitration. (a) This Agreement Agreement, as well as any claims arising from or related thereto, shall be governed by and interpreted be construed in accordance with the laws of the State of New York without giving effect regard to the conflicts of its choice-of-law principles thereof. rules. (b) Any dispute, controversy or claim (eachclaim, a “Dispute”) arising out of whether in tort, contract, or relating otherwise, that arises from or relates to this Agreement, including the arbitrability of any such dispute, controversy or the interpretation, breach, termination, validity or invalidity thereofclaim, shall be referred to exclusively and finally determined by arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the otherbefore a single arbitrator. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kongadministered by JAMS pursuant to its Streamlined Rules and Procedures. There The enforceability of this arbitration agreement shall be three (3) arbitratorsgoverned by the U.S. Federal Arbitration Act. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand venue for arbitration (the “Selection Period”). Such arbitrators all arbitrations shall be freely selectedNew York City, and unless the parties Client is headquartered (i) in Europe, in which case such Client may elect to have the arbitration held in London, England, or (ii) in Asia, in which case such Client may elect to have the arbitration held in Singapore. The language to be used in the arbitration proceeding will be English. Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. Arbitration shall not be limited in their selection to any prescribed list. The chairman deemed a waiver of the HKIAC shall select the third arbitrator. If either party Company’s right to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted seek injunctive relief in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a any court of competent jurisdiction as provided for enforcement of such awardin this Agreement. In the event of the arbitration of any Dispute pursuant to this Section, the losing Each party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ is responsible for its own legal fees) incurred in connection with the arbitration of such Dispute, and the arbitrator may not include the payment of attorneys’ fees or expenses as a part of any award. Arbitrations arising from the same or related claims may be consolidated in one arbitration orderproceeding. You agree to an arbitration on an individual basis. In any dispute, ruling neither you nor the Company shall be entitled to join or award consolidate claims by or against other Clients, or arbitrate any claim as a class representative, class member, or in a private attorney general capacity. If any provision of this arbitration agreement is found unenforceable, the unenforceable provision shall contain be severed, and the remaining arbitration terms shall be enforced (but in no case shall there be a specific provision providing for class arbitration). You and the Company are agreeing to give up any rights to litigate claims in a court or before a jury or to participate in a class action or representative action with respect to a claim. Other rights that you would have if you went to court, such paymentas access to discovery, may also be unavailable or may be limited in arbitration.

Appears in 2 contracts

Samples: Client Agreement (NRX Pharmaceuticals, Inc.), Client Agreement (RenovoRx, Inc.)

Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with The substantive laws (as distinguished from the laws choice of law rules) of the State of New York without giving effect shall govern the validity and interpretation of this Agreement and the performance by the parties of their respective duties and obligations hereunder. Any and all disputes or controversies of any nature between the parties arising at any time shall be submitted to JAMS (“JAMS”) for final and binding arbitration, under its Comprehensive Arbitration Rules and Procedures if the matter in dispute is over $250,000 or under its Streamlined Arbitration Rules and Procedures if the matter in dispute is $250,000 or less, to be held in New York City, before a single neutral arbitrator who shall be a retired judge, in accordance with New York Civil Practice Law & Rules Section 7501 et seq. The arbitrator shall be selected by mutual agreement of the parties or, if the parties cannot agree, then by striking from a list of arbitrators supplied by the JAMS. The arbitration shall be a confidential proceeding, closed to the conflicts general public. The arbitrator shall issue a written opinion stating the essential findings and conclusions upon which the arbitrator’s award is based. The arbitrator shall assess the cost of law principles thereofthe arbitration against the losing party. Any disputeIn addition, controversy the prevailing party in any arbitration or claim (each, a “Dispute”) arising out of or legal proceeding relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, Agreement shall be referred entitled to all reasonable expenses (including, without limitation, reasonable attorney’s fees). Notwithstanding the foregoing, the arbitrator may require that such fees be borne in such other manner as the arbitrator determines is required in order for this arbitration clause to be enforceable under applicable law. Neither party shall be entitled or permitted to commence or maintain any action in a court of law with respect to any matter in dispute until such matter shall have been submitted to arbitration upon as herein provided and then only for the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman enforcement of the HKIAC shall select the third arbitrator. If either party ’s award; provided, however, that prior to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitratorsarbitrator or for remedies beyond the jurisdiction of an arbitrator, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties theretoat any time, and the prevailing either party may apply to seek pendente lite relief in a court of competent jurisdiction for enforcement of such award. In the event without thereby waiving its right to arbitration of the arbitration dispute or controversy under this section. Notwithstanding anything to the contrary herein, Contractor hereby irrevocably waives any right or remedy to seek and/or obtain injunctive or other equitable relief or any order with respect to, and/or to enjoin or restrain or otherwise impair in any manner, the production, distribution, exhibition or other exploitation of any Dispute pursuant motion picture, production or project related to this SectionCompany, its parents, subsidiaries and affiliates, or the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred use, publication or dissemination of any advertising in connection with the arbitration of such Disputemotion picture, and the arbitration orderproduction or project. THE PARTIES HEREBY WAIVE THEIR RIGHT TO JURY TRIAL WITH RESPECT TO ALL CLAIMS AND ISSUES ARISING UNDER, ruling or award shall contain a specific provision providing for such paymentIN CONNECTION WITH, TOUCHING UPON OR RELATING TO THIS AGREEMENT, THE BREACH THEREOF AND/OR THE SCOPE OF THE PROVISIONS OF THIS SECTION 11, WHETHER SOUNDING IN CONTRACT OR TORT, AND INCLUDING ANY CLAIM FOR FRAUDULENT INDUCEMENT THEREOF.

Appears in 2 contracts

Samples: Service Agreement, Facilities Management Agreement

Governing Law; Arbitration. (a) This Agreement and any dispute, controversy or claim arising out of or in connection with it or its subject matter shall be governed by, and interpreted construed in accordance with with, the laws Laws of the State of New York without giving effect to the conflicts of law principles thereof. York. (b) Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this AgreementAgreement or its subject matter (including a dispute regarding the existence, or the validity, formation, effect, interpretation, breach, termination, validity performance or invalidity thereof, termination of this Agreement) (each a “Dispute”) shall be referred to finally settled by arbitration. (i) The place and seat of arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by Hong Kong, and the arbitration in Hong Kong shall be administered by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules then in force (the “HKIAC Rules”). (ii) The law of this arbitration clause as set forth in force at the time when the Arbitration Notice is submitted. The seat of arbitration this Section 7.10(b) shall be Hong Kong. There Kong law. (iii) The number of arbitrators shall be three (3) ). One arbitrator shall be appointed by Xx. Xxxx and one arbitrator shall be appointed by Xx. Xxxx. The third arbitrator, who shall serve as chairperson of the arbitral tribunal, shall be selected by the mutual agreement of the first two Party-appointed arbitrators. The complainant and the respondent to Any such dispute third arbitrator that is not so appointed shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall instead be freely selected, and the parties shall not be limited appointed in their selection to any prescribed list. The chairman of accordance with the HKIAC shall select the third arbitrator. If either party Rules. (iv) The language to be used in the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To . (v) Subject to the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment agreement of the arbitratorsarbitral tribunal, this Section 5.2 any Dispute(s) which arise subsequent to the commencement of arbitration of any existing Dispute(s) shall prevail. be resolved by the arbitral tribunal already appointed to hear the existing Dispute(s). (vi) The award of the arbitral tribunal shall be final final, conclusive and binding upon the parties thereto, Parties. (vii) Judgment upon any award may be entered and enforced in any court having jurisdiction over a Party or any of its assets. For the prevailing party may apply to a court purpose of competent jurisdiction for the enforcement of such an award. In , the event of Parties irrevocably and unconditionally submit to the arbitration jurisdiction of any Dispute pursuant competent court and waive any defenses to this Sectionsuch enforcement, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration any defenses based on lack of such Dispute, and the arbitration order, ruling personal jurisdiction or award shall contain a specific provision providing for such paymentinconvenient forum.

Appears in 2 contracts

Samples: Share Exchange Agreement (Zhou Xin), Share Exchange Agreement (Zhou Xin)

Governing Law; Arbitration. This Agreement shall will be governed by and interpreted in accordance with the substantive laws of the State of New York York, U.S. without giving effect regard to its or any other jurisdiction’s laws, rules or principles that would result in the conflicts application of law principles thereofthe laws of any jurisdiction other than the State of New York. Any disputes that arise between the Parties shall first be submitted to executive officers of the Parties who shall confer in good faith to resolve the dispute. If no resolution is achieved by such executive officers, controversy or claim the dispute shall be submitted to binding arbitration with the office of the American Arbitration Association (each, a DisputeAAA”) arising out of or relating to this Agreementin New York, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) New York in accordance with the Hong Kong International then-prevailing commercial arbitration rules of the American Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedAssociation. The seat of arbitration Such dispute shall be Hong Kong. There shall be heard by a panel of three (3) arbitratorsarbitrators appointed in accordance with such rules. All such arbitration proceedings shall be held in English and a transcribed record shall be prepared in English. The complainant Party submitting the dispute to arbitration shall select the first of the three (3) arbitrators and shall provide notice of the respondent same at the time it submits the dispute to arbitration. The non initiating Party shall then have thirty (30) days to select the second arbitrator. Thereafter, the first and second arbitrators shall have thirty (30) days to choose the third arbitrator. If no arbitrator is appointed within the times herein provided or any extension of time which is mutually agreed upon, the AAA shall make such dispute shall each select one arbitrator appointment of the first two (2) arbitrators within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators of such failure who shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select thereafter pick the third arbitratoras set forth herein. If either party to the Each Party in any arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment proceeding commenced hereunder shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final initially bear such Party’s own costs and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable expert witness and attorneys’ fees) incurred in connection with of investigating, preparing and pursuing such arbitration claim. The fees and expenses of the arbitration of such Disputearbitrators will be shared equally by the Parties. The award rendered by the arbitrators shall be written, final and non-appealable, and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The prevailing Party shall be entitled to recover from the losing Party the prevailing Party’s attorneys’ fees and costs. The arbitrator shall have the right to apportion liability between the Parties, but will not have the authority to award any damages or remedies not available under the express terms of this Agreement. The arbitration orderaward will be presented to the Parties in writing, ruling or and upon the request of either Party, will include findings of fact and conclusions of law. The award shall contain a specific provision providing for such paymentmay be confirmed and enforced in any court of competent jurisdiction.

Appears in 2 contracts

Samples: Stock Issuance Agreement (Owlet, Inc.), Stock Issuance Agreement (Immunome Inc.)

Governing Law; Arbitration. (a) This Agreement shall be governed by and interpreted in accordance with construed under the laws of the State of New York without giving effect as applied to agreements among New York residents entered into and to be performed entirely within New York. (b) Notwithstanding subsection (c) below, at the option of the Company, each of the parties hereto agrees for the benefit of the Company that any State or Federal court sitting in New York shall have exclusive jurisdiction to settle any disputes (including claims for set-off and counterclaims) and enforce any rights which may arise in connection with the validity, effect, interpretation or performance of, or the legal relationships established by, this Agreement or otherwise arising in connection with this Agreement. Each party hereto consents to venue in the New York Courts and irrevocably waives, to the conflicts fullest extent permitted by law, the defense of law principles thereofan inconvenient forum to the maintenance of any action therein. Any disputeEach party hereto agrees that the summons and complaint or any other process in any action may be served by notice given in accordance with Section 10, or as otherwise permitted by law. Each party hereto irrevocably waives the right to trial by jury. (c) Subject to the option in favor of the Company set out in subsection (b) above, any controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, Agreement shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled determined by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Rules of the American Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedAssociation. The tribunal shall consist of three arbitrators. The seat of the arbitration shall be Hong Kong. There shall be three (3) arbitratorsNew York. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event language of the arbitration shall be English. The parties hereto agree that the tribunal constituted under this clause shall have the power to grant the relief of specific performance in appropriate circumstances, and further agree, for the avoidance of doubt, that any Dispute competent court of its jurisdiction (including in the courts of the PRC) may enforce an order of the tribunal for specific performance. By agreeing to arbitration pursuant to this Sectionclause, the losing party parties hereto waive irrevocably their right to any form of appeal, review or recourse to any state court or other judicial authority, in as far as such arbitration shall pay waiver may validly be made, save that the parties do not intend to the prevailing party all expenses and fees deprive any competent court of its jurisdiction (including reasonable attorneys’ feesthe PRC courts) incurred to issue a pre-arbitral injunction, pre-arbitral attachment or other order in connection with aid of the arbitration proceedings or the enforcement of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentany award.

Appears in 2 contracts

Samples: Employment Agreement (eLong, Inc.), Employment Agreement (eLong, Inc.)

Governing Law; Arbitration. This Agreement shall be governed by and interpreted ------------------------- construed in accordance with the laws of the State of New York applicable to contracts made in New York by persons domiciled in New York City and without giving effect regard to the its principles of conflicts of law principles thereoflaws that would result in the application of the laws of any other jurisdiction. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to dispute under this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, Agreement shall be referred submitted to arbitration upon under the demand of either party to the dispute with notice American Arbitration Association (the “Arbitration Notice”"AAA") to the other. The Dispute in New York City, New York, and shall be settled by arbitration in Hong Kong finally and conclusively determined by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat decision of a board of arbitration shall be Hong Kong. There shall be consisting of three (3) arbitratorsmembers (hereinafter referred to as the "Board of Arbitration") selected according to the rules governing the AAA. The complainant Board of Arbitration shall meet on consecutive business days in New York City, New York, and shall reach and render a decision in writing (concurred in by a majority of the respondent members of the Board of Arbitration) with respect to the amount, if any, which the losing party is required to pay to the other party in respect of a claim filed. In connection with rendering its decisions, the Board of Arbitration shall adopt and follow the laws of the State of New York unless the matter at issue is the corporation law of the company's state of incorporation, in which event the corporation law of such dispute jurisdiction shall each select one arbitrator within govern such issue. To the extent practical, decisions of the Board of Arbitration shall be rendered no more than thirty (30) calendar days following commencement of proceedings with respect thereto. The Board of Arbitration shall cause its written decision to be delivered to all parties involved in the dispute. Any decision made by the Board of Arbitration (either prior to or after giving or receiving the demand for expiration of such thirty (30) calendar day period) shall be final, binding and conclusive on the parties to the dispute, and entitled to be enforced to the fullest extent permitted by law and entered in any court of competent jurisdiction. The Board of Arbitration shall be authorized and is hereby directed to enter a default judgment against any party failing to participate in any proceeding hereunder within the time periods set forth in the AAA rules. The non-prevailing party to any arbitration (as determined by the “Selection Period”)Board of Arbitration) shall pay the expenses of the prevailing party, including reasonable attorney's fees, in connection with such arbitration. Such arbitrators Any party shall be freely selectedentitled to seek injunctive relief from a court in any case where such relief is available, and the parties shall not be limited in their selection non-prevailing party to any prescribed list. The chairman such injunctive proceeding shall pay the expenses of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2prevailing party, including the provisions concerning the appointment of the arbitratorsreasonable attorney's fees, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentproceeding.

Appears in 2 contracts

Samples: Common Stock and Warrants Purchase Agreement (Razorfish Inc), Common Stock and Warrants Purchase Agreement (Razorfish Inc)

Governing Law; Arbitration. (a) This Agreement and the legal relations among the parties shall be governed by and interpreted construed in accordance with the laws of the State of New York (without giving effect to the conflicts conflict of laws principles thereof that would result in the application of the law principles thereof. Any of a different jurisdiction). (b) Each of the parties hereby agrees that any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, terminationtermination or validity thereof (“Dispute”), validity or invalidity thereofshall, shall be referred to arbitration upon on the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall any party, be finally settled by arbitration in Hong Kong administered by the Hong Kong International American Arbitration Centre Association (the HKIACAAA”) in accordance with its rules for large, complex commercial disputes. Prior to making a demand for arbitration, the Hong Kong International Arbitration Centre Administered Arbitration Rules parties agree to attempt in good faith to negotiate a resolution to any Dispute promptly. In the event that the parties are unable to negotiate a resolution in thirty (the “HKIAC Rules”30) in force at the time when the Arbitration Notice is submitted. days after delivery of a notice of Dispute, either party may make a demand for arbitration hereunder. (c) The seat of arbitration shall be Hong Kong. There shall be decided by three (3) arbitrators, all of whom need not be from the AAA’s panel of arbitrators. The complainant and the respondent to such dispute Each party shall each select choose one arbitrator of its choice within thirty (30) days after giving or receiving of the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment who shall be made by serve as the chairman of the HKIAC. The arbitral proceedings tribunal, shall be conducted in English. To a neutral and independent arbitrator mutually selected by the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment two party-appointed arbitrators within fifteen (15) days of the selection of the two party-appointed arbitrators. Notwithstanding the AAA rules, this Section 5.2 the neutral arbitrator: (i) shall prevailbe knowledgeable in the subject matter of the dispute; (ii) shall not be employed by, have an interest in or otherwise be affiliated with any of the parties or their representative counsels; and (iii) need not be selected from AAA’s panel of arbitrators. If the arbitrators are not selected within the above-stated time periods, the arbitrators shall be selected by AAA in accordance with its rules. (d) The parties shall be afforded the discovery rights as established under the applicable AAA rules or as provided for by the arbitrators. (e) The award rendered in any arbitration commenced hereunder shall constitute an award under the Federal Arbitration Act, Title 9 US Code and the 1958 New York Convention on the Recognition and Enforcement of the arbitral tribunal Foreign Arbitral Awards, shall be final and binding upon the parties theretoand judgment thereon may be entered in any court of competent jurisdiction. The arbitral tribunal may order any remedy permitted by Law and this Agreement, including damages and specific performance of this Agreement or any portion thereof. The fees and expenses of the arbitrators, administrative costs of the arbitration and fees and expenses of the prevailing party may apply to a court of competent jurisdiction shall be paid by the non-prevailing party. For purposes hereof, the prevailing party shall be, as applicable, the party for enforcement of such award. In whom the event judgment was rendered or the party whose demand in the dispute most closely approximated the arbitration judgment, as determined by the arbitrators. (f) The language of the arbitration shall be English. The place of arbitration shall be New York, New York, United States. (g) By agreeing to arbitration, the parties do not intend to deprive any court of its jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment, or other order in aid of arbitration proceedings and/or the enforcement of any Dispute award. Without prejudice to such provisional remedies as may be available under the jurisdiction of a national court, the arbitral tribunal shall have full authority to grant provisional remedies and to direct the parties to request that any court modify or vacate any temporary or preliminary relief issued by such court, and to award damages for the failure of any party to respect the arbitral tribunal’s orders to that effect. Each of the parties irrevocably and unconditionally submits to the exclusive jurisdiction of the federal and New York State courts located in Manhattan (NYC) for the purpose of an order to compel arbitration, for provisional relief in aid of arbitration or to maintain the status quo or prevent irreparable harm prior to the appointment of the arbitral tribunal, and to the non-exclusive jurisdiction of such courts for the enforcement of any award issued hereunder. With respect to any action, suit or other proceeding for which it has submitted to jurisdiction pursuant to this SectionSection 12.10, each party irrevocably consents to service of process in the losing manner provided for the giving of notices pursuant to Section 12.2 of this Agreement. Nothing in this Section 12.10 shall affect the right of any party to serve process in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentany other manner permitted by applicable law.

Appears in 2 contracts

Samples: Share Purchase Agreement (Par Pharmaceutical Companies, Inc.), Share Purchase Agreement (Par Pharmaceutical Companies, Inc.)

Governing Law; Arbitration. This Agreement Agreement, the rights and obligations of the parties hereto, and all claims or disputes relating thereto, shall be governed by and interpreted construed in accordance with the laws of the State of New York Florida, without giving effect regard to the conflicts choice of law principles provisions thereof. Any disputeExcept for disputes arising under Exhibit A, controversy Exhibit B or claim Exhibit D hereof, which shall be decided pursuant to the terms of those Exhibits, any dispute arising from this Agreement or Executive’s employment with the Company or Parent, including but not limited to claims for wrongful termination; violation of Title VII of the Civil Rights Act of 1964 as amended; violations of the Americans with Disabilities Act of 1990; violations of Florida law; or claims for violations of any state law or rule or regulation regarding discrimination, harassment or other wrongful conduct (eachcollectively, a DisputeCovered Claims) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof), shall be referred to decided solely and exclusively in a final and binding arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong administered by the Hong Kong International Arbitration Centre (the “HKIAC”) JAMS in Miami, Florida, in accordance with the Hong Kong International Arbitration Centre Administered JAMS Employment Arbitration Rules (the “HKIAC Rules”) in force effect at the time when of the Arbitration Notice is submitted. The seat filing of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection PeriodRules”). Such arbitrators , a copy of which is available at xxxx://xxx.xxxxxxx.xxx/rules-employment-arbitration/. The arbitrator shall be freely selecteda single arbitrator with expertise in employment disputes, mutually selected by the parties, or, if the parties are unable to agree thereon, a single arbitrator with expertise in employment disputes designated by the Miami office of JAMS. The arbitrator shall have the authority to award all remedies available in a court of law. The Company or Parent, as applicable, shall pay the arbitrator’s fees and all fees and costs to administer the arbitration. The parties acknowledge and agree that their obligations to arbitrate under this Section survive the termination of the Agreement and continue after the termination of the employment relationship between the Executive and the parties shall Company or Parent. By agreeing to arbitrate disputes arising out of Executive’s employment, the Executive, the Company and Parent voluntarily and irrevocably waive any and all rights to have any such dispute heard or resolved in any forum other than through arbitration as provided herein. This waiver specifically includes, but is not be limited in their selection to, any right to any prescribed listtrial by jury. The chairman of the HKIAC shall select the third arbitrator. If either party Notwithstanding anything to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitratorscontrary set forth herein, this Section 5.2 will not apply to claims for workers’ compensation or unemployment benefits and will not apply to claims for injunctive relief, or any other claim by the Company or Parent under Exhibit A or Exhibit B hereto. All arbitration proceedings hereunder shall prevail. The award be confidential, except: (a) to the extent the parties otherwise agree in writing; (b) as may be otherwise appropriate in response to a request from a government agency, subpoena, or legal process; (c) if the substantive law of the arbitral tribunal shall be final State of Florida (without giving effect to choice of law principles) provides to the contrary; or (d) as is necessary in a court proceeding to enforce, correct, modify or vacate the arbitrator’s award or decision (and binding upon in the case of this subpart (d), the parties theretoagree to take all reasonable steps to ensure that the arbitrator’s award, decision or findings and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Sectionall other documents, the losing party in such arbitration shall pay to the prevailing party all expenses pleadings and fees (including reasonable attorneys’ fees) incurred in connection papers are filed and/or entered with the arbitration court under seal and/or in a manner that would maintain their confidentiality, including, without limitation, complying with all rules of such Disputeprocedure and local rules for filing documents, pleadings and the arbitration order, ruling or award shall contain a specific provision providing for such paymentpapers under seal).

Appears in 2 contracts

Samples: Executive Employment Agreement (SpringBig Holdings, Inc.), Executive Employment Agreement (SpringBig Holdings, Inc.)

Governing Law; Arbitration. (a) This Agreement shall be governed by and interpreted construed in accordance with the laws of England and Wales, except that the construction or effect of a patent or patent application licensed under this Agreement shall be decided in accordance with the laws of the State country in which the patent or patent application was granted or filed. Subject to disputes being determined by arbitration in accordance with the remainder of New York without giving effect this section, the Parties irrevocably submit to the conflicts exclusive jurisdiction of law principles thereof. Any dispute, controversy or claim the Courts of England and Wales. (each, a “Dispute”b) All disputes arising out of or relating to in connection with this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, Agreement shall be referred to arbitration upon finally settled under the demand Rules of either party to Arbitration of the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled International Chamber of Commerce by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) one or more arbitrators appointed in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC said Rules”) in force at the time when the Arbitration Notice is submitted. The seat arbitration shall be seated in London, England. The language of arbitration shall be Hong Kong. There shall be three (3) arbitratorsEnglish. The complainant Parties and the respondent Arbitration Tribunal shall endeavour to complete any arbitration within twelve (12) months following the full constitution of the Arbitration Tribunal, provided that failure to comply with such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties timeline shall not be limited a ground to invalidate the award. Unless the Parties expressly agree in writing to the contrary, the Parties undertake as a general principle to keep confidential all awards in their selection to any prescribed list. The chairman arbitration, together with all materials in the proceedings created for the purpose of the HKIAC shall select the third arbitrator. If either party arbitration and all other documents produced to the arbitration fails other Party in the proceedings not otherwise in the public domain - save and to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that disclosure may be required of a Party by legal duty, to protect or pursue a legal right or to enforce or challenge an award in bona fide legal proceedings before a court or other judicial authority. (c) The parties hereby exclude all rights to seek a determination by the HKIAC Rules are court of a preliminary point of law under section 45 of the Arbitration Act 1996 and all rights of appeal on a point of law from any arbitration award under section 69 of the Arbitration Act 1996. (d) Notwithstanding anything to the contrary herein, in conflict with the provisions event that a Party alleges that the other Party is in breach of this Agreement pursuant to Section 5.217.1.2, including Section 17.1.5 or Section 18.1.3 and the provisions concerning other Party disputes such allegation, the appointment of the arbitrators, this Parties shall refer such dispute to arbitration in accordance with Section 5.2 shall prevail21.1.11. The award of the arbitral tribunal Party alleging such breach shall be final and binding upon the parties thereto, and the prevailing party may apply have no right to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute terminate this Agreement pursuant to this SectionSection 17.1.2, Section 17.1.5 or Section 18.1.3, as the losing party case may be, unless and until such breach is confirmed in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitration.

Appears in 2 contracts

Samples: License Agreement (Indivior PLC), License Agreement (Indivior PLC)

Governing Law; Arbitration. (a) This Agreement shall be governed by, and interpreted construed in accordance with with, the laws Laws of the State of New York applicable to contracts executed in and to be performed in that State, without giving effect regard to principles of the conflicts conflict of law principles thereof. laws. (b) Any disputedispute arising out of, controversy or claim in connection with this Agreement or any transactions contemplated hereby, including any question regarding the existence, validity, interpretation, breach or termination of this Agreement (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof), shall be referred to arbitration referred, upon the demand of either party to the dispute with written notice (the a Arbitration Dispute Notice”) given by one Party to the otherother(s), to a senior executive from each Party. The senior executives shall seek to resolve the Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator on an amicable basis within thirty (30) days after giving or receiving of the demand for Dispute Notice being received. (c) Any Dispute not resolved within thirty (30) days of the Dispute Notice being received shall be referred to, and shall be finally and exclusively resolved by, arbitration under the Rules of the London Court of International Arbitration (the “Selection PeriodLCIA Rules)) then in effect, as amended by this Section 8.10, which LCIA Rules are deemed to be incorporated by reference into this Section 8.10. Such The seat, or legal place, of the arbitration shall be London, England. The language of the arbitration shall be English. The number of arbitrators shall be freely selected, three (3). Each Party shall nominate one arbitrator and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made two (2) arbitrators nominated by the chairman Parties shall, within thirty (30) days of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitratorssecond arbitrator, this Section 5.2 agree upon and nominate a third arbitrator who shall prevailact as Chairman of the Tribunal (as such terms are defined in the LCIA Rules). If no agreement is reached within thirty (30) days, the LCIA Court (as such term is defined in the LCIA Rules) shall appoint a third arbitrator to act as Chairman of the Tribunal. The award Chairman of the arbitral tribunal arbitration panel should not be a citizen or a resident of the country of an arbitrator nominated by, or appointed on behalf of, a Party nor should the Chairman be a citizen or a resident of the United States of America or the United Arab Emirates. It is hereby expressly agreed that if there is more than one claimant party or more than one respondent party, the claimant parties shall together nominate one arbitrator and the respondent parties shall together nominate one arbitrator. In the event that a sole claimant or the claimant parties, on the one side, or a sole respondent or the respondent parties, on the other side, fails to nominate its/their arbitrator, such arbitrator shall be appointed by the LCIA Court. Any award issued by the arbitrators shall be final and binding upon the parties theretoParties, and, subject to this Section 8.10(c) and to Section 8.10(d), may be entered and enforced in any court of competent jurisdiction by any of the prevailing party Parties. In the event any Party subject to such final and binding award desires to have it confirmed by a final order of a court, the only court which may apply to do so shall be a court of competent jurisdiction located in London, England; provided however, that nothing in this sentence shall prejudice or prevent a Party from enforcing the arbitrators’ final and binding award in any court of competent jurisdiction. The Parties hereto acknowledge and agree that any breach of the terms of this Agreement could give rise to irreparable harm for which money damages would not be an adequate remedy. Accordingly, the Parties agree that, prior to the formation of the Tribunal, the Parties have the right to apply exclusively to any court of competent jurisdiction or other judicial authority located in London, England for interim or conservatory measures, including, without limitation, to compel arbitration (an “Interim Relief Proceeding”). Furthermore, the Parties agree that, after the formation of the Tribunal, the arbitrators shall have the sole and exclusive power to grant temporary, preliminary and permanent relief, including injunctive relief and specific performance, and any then pending Interim Relief Proceeding shall be discontinued without prejudice to the rights of any of the Parties thereto. Unless otherwise ordered by the arbitrators pursuant to the terms hereof, the arbitrators’ expenses shall be shared equally by the Parties. In furtherance of the foregoing, each of the Parties hereto irrevocably submits to: (i) the exclusive jurisdiction of the courts of England located in London, England in relation to any Interim Relief Proceeding and; (ii) the non-exclusive jurisdiction of the courts of England located in London, England with respect to the enforcement of any arbitral award rendered in accordance with this Section 8.10; and, with respect to any such awardsuit, action or proceeding, waives any objection that it may have to the courts of England located in London, England on the grounds of inconvenient forum. In For the event avoidance of doubt, where an arbitral tribunal is appointed under this Agreement, the whole of its award shall be deemed for the purposes of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 to be contemplated by this Agreement (and judgment on any such award may be entered in accordance with the provisions set forth in this Section 8.10). (d) Oyster hereby irrevocably waives to the fullest extent permitted by applicable Law whatever defense it may have of sovereign immunity against suit or enforcement, for itself and its property (presently owned or subsequently acquired, and whether related to this Agreement or not), in: (i) any arbitration proceedings commenced and held in London, England in accordance with Section 8.10(c); (ii) any Interim Relief Proceeding commenced and held in a court of competent jurisdiction in London, England, in accordance with Section 8.10(c); (iii) any proceedings in a court of competent jurisdiction located in London, England to confirm an award rendered by the arbitrators in accordance with this Section 8.10; and (iv) any proceedings in a court of competent jurisdiction to enforce an award, and Oyster agrees that it will not raise, claim or cause to be pleaded any such immunity at or in respect of any Dispute pursuant such action or proceeding. (e) The Parties hereto agree that the process by which any arbitral or other proceedings in London, England are begun may be served on them by being delivered to this SectionLaw Debenture Corporate Services Limited or their registered offices for the time being and by giving notice in accordance with Section 8.02. If Law Debenture Corporate Services Limited is not or ceases to be effectively appointed to accept service of process in England on any Party’s behalf, such Party shall immediately appoint a further person in England to accept service of process on its behalf. If within fifteen (15) days of notice from a Party requiring another Party to appoint a person in England to accept service of process on its behalf the other Party fails to do so, the losing party in Party shall be entitled to appoint such arbitration shall pay a person by written notice to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred other Party. Nothing in connection with this paragraph shall affect the arbitration right of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentParties to serve process in any other manner permitted by Law.

Appears in 2 contracts

Samples: Shareholders Agreement (Advanced Micro Devices Inc), Shareholder Agreement (Advanced Micro Devices Inc)

Governing Law; Arbitration. This Separation Agreement shall be governed by and interpreted in accordance with construed and enforced according to the laws of the State of New York York, without giving effect regard to conflicts of laws principles thereof, unless preempted by federal law. Subject to the conflicts arbitration provisions in the following paragraph, the parties agree that the state and federal courts located in the State of law principles thereof. Any disputeNew York, controversy County of Suffolk, shall have exclusive jurisdiction in any action, suit or claim (each, a “Dispute”) proceeding based on or arising out of this Separation Agreement and the parties hereby: (a) submit to the personal jurisdiction of such courts; (b) consent to service of process in connection with any action, suit or relating proceeding; (c) agree that venue is proper and convenient in such forum; (d) waive any other requirement (whether imposed by statute, rule of court or otherwise) with respect to this Agreementpersonal jurisdiction, subject matter jurisdiction, venue, or service of process; and (e) waive the interpretationright, breachif any, termination, validity to a jury trial. Any claims arising under or invalidity thereof, related to the Separation Agreement shall be referred to settled by binding arbitration upon the demand of either party pursuant to the rules of the American Arbitration Association under its Employment Arbitration Rules or such other rules as to which the parties may agree. The arbitration shall take place in in the Borough of Manhattan in the City of New York, within 30 days following service of notice of such dispute with notice (the “Arbitration Notice”) to by one party on the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall conducted before a panel of three arbitrators, one to be three (3) arbitratorsselected by each of the parties and the third to be selected by the other two. The complainant panel of arbitrators shall have no authority to order a modification or amendment of the Separation Agreement. Except as provided below, Executive and the respondent Company agree that this arbitration procedure will be the exclusive means of redress for any disputes relating to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving arising under the demand for arbitration (Separation Agreement. The parties expressly waive the “Selection Period”). Such arbitrators shall be freely selectedright to a jury trial, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent agree that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties theretoon both parties, and shall not be appealable and may be filed with the prevailing clerk of one or more courts, state or federal, having jurisdiction over the party may apply to against whom such award is rendered or such party’s property as a basis of judgment and of the issuance of execution for its collection. The Company and Executive agree that the sole disputes that are excepted from this paragraph are any actions seeking injunctive relief from a court of competent jurisdiction for regarding enforcement and application of such award. In the event Sections 5 and 6 of the this Separation Agreement, which actions may be brought in addition to, or in place of, an arbitration of any Dispute pursuant to this Section, the losing party proceeding in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection accordance with the arbitration first paragraph of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentthis Section 8.

Appears in 2 contracts

Samples: Separation Agreement (MSC Industrial Direct Co Inc), Separation Agreement (MSC Industrial Direct Co Inc)

Governing Law; Arbitration. a) This Agreement shall be governed and interpreted in accordance with by the laws of the State of New York without giving effect to the conflicts Maryland exclusive of its choice of law principles thereof. provisions. b) Any disputecontroversy, controversy claim or claim (each, a “Dispute”) dispute arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled solely and exclusively by a binding arbitration process administered by JAMS/Endispute in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) State of Maryland. Such arbitration shall be conducted in accordance with the Hong Kong International Arbitration Centre Administered Arbitration then-existing JAMS/Endispute Rules of Practice and Procedure, with the following exceptions if in conflict: (a) one arbitrator who is a retired judge shall be chosen by JAMS/Endispute; (b) the “HKIAC Rules”Company shall pay the first $10,000 of the expenses and fees of the arbitrator, and any such expenses and fees in excess of $10,000 shall be paid one-half by you and one-half by the Company; and (c) arbitration may proceed in force at the time when absence of any party if written notice (pursuant to the Arbitration Notice is submittedJAMS/Endispute rules and regulations) of the proceedings has been given to such party. Each party shall bear its own attorneys’ fees and expenses; provided that the arbitrator may assess the prevailing party’s fees and costs against the non-prevailing party as part of the arbitrator’s award. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant parties agree to abide by all decisions and the respondent to awards rendered in such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”)proceedings. Such arbitrators shall be freely selected, decisions and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made awards rendered by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal arbitrator shall be final and binding upon conclusive. All such controversies, claims or disputes shall be settled in this manner in lieu of any action at law or equity; provided, however, that nothing in this subsection shall be construed as precluding an action for injunctive relief or specific performance as provided in any agreement entered into between you and the Company setting forth Restrictive Covenants. This dispute resolution process and any arbitration hereunder shall be confidential and neither any party nor the neutral arbitrator shall disclose the existence, contents or results of such process without the prior written consent of all Parties, except where necessary or compelled in a court to enforce this arbitration provision or an Award from such arbitration or otherwise in a legal proceeding. If JAMS/Endispute no longer exists or is otherwise unavailable, the parties theretoagree that the American Arbitration Association (“AAA”) shall administer the arbitration in accordance with its then-existing rules. In such event, all references herein to JAMS/Endispute shall mean AAA. Notwithstanding the foregoing, you and the prevailing party may apply Company each have the right to a resolve any issue or dispute over intellectual property rights by court action instead of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitration.

Appears in 2 contracts

Samples: Employment Agreement (Vocus, Inc.), Employment Agreement (Vocus, Inc.)

Governing Law; Arbitration. This Resolution of all disputes arising out of or related to this Agreement or the performance, enforcement, breach or termination of this Agreement and any remedies relating thereto, shall be governed by and interpreted in accordance with construed under the laws substantive Laws of the State of New York York, without giving effect regard to the conflicts of law principles thereofrules that would provide for application of the Law of a jurisdiction outside New York. Any dispute, If such controversy or claim cannot be resolved by means of negotiations as described in Section 10.1, then such controversy or claim shall be resolved by binding arbitration as provided below. The arbitration shall be conducted in English. The award of arbitration shall be final and binding upon both Parties. Any arbitration proceeding shall be conducted in accordance with the Arbitration Rules of the London Court of International Arbitration (each“LCIA”). The place of arbitration shall be London, England. The Parties hereby irrevocably and unconditionally submit to the jurisdiction of the LCIA for the purposes of the arbitration proceedings, and any counterclaims that relate in any respect to the Agreement. The arbitration shall be conducted by a “Dispute”) panel of three persons. Within 30 days after initiation of arbitration, each Party shall select one person to act as arbitrator and the two Party-selected arbitrators shall select a third arbitrator within 30 days of their appointment, which third arbitrator must be experienced in the pharmaceutical business. If the arbitrators selected by the Parties are unable or fail to agree upon the third arbitrator, the third arbitrator shall be appointed by the LCIA. The procedures specified in this Section 10.2 shall be the sole and exclusive procedures for the resolution of disputes between the Parties arising out of or relating to this Agreement; provided, that a Party, without prejudice to the above procedures, may seek injunctive relief or other provisional judicial relief if in its sole judgment such action is necessary to avoid irreparable damage, and further provided that any disputes regarding the interpretationscope, breachpatentability, terminationinventorship, validity or invalidity thereof, enforceability of any Patent shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled submitted for resolution by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of in the country in which such awardPatent was filed or issued. In Despite such action the event of Parties will continue to participate in good faith in the arbitration of any Dispute pursuant to procedures specified in this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentSection 10.2.

Appears in 2 contracts

Samples: License Agreement (Evivrus, Inc.), License Agreement (Evivrus, Inc.)

Governing Law; Arbitration. 14.1 This Agreement shall be governed by, and interpreted construed in accordance with with, the internal laws of the State of New York Delaware, without giving effect to the principles of conflicts of law principles thereof. Any dispute, law. 14.2 In the event any controversy or claim (eachdispute shall arise between the parties under, a “Dispute”) arising out of of, in connection with, or relating to this Agreement, Agreement or the interpretation, breach, termination, validity or invalidity breach thereof, the party initiating such controversy or making such claim shall be referred provide to arbitration upon the demand other party notice containing a brief and concise statement of the initiating party’s claims, together with relevant facts supporting them. Following the date of said notice, the parties shall make good faith efforts to settle the dispute. In the event the parties have been unable to reach accord using the procedures set forth in this Section 15, either party to the dispute with notice may seek binding arbitration before three (the “Arbitration Notice”3) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) arbitrators in accordance with the Hong Kong International rules of the American Arbitration Centre Administered Arbitration Rules Association (“AAA”). Each party shall appoint one arbitrator and the “HKIAC Rules”) appointed arbitrators shall in force at turn appoint the time when third arbitrator. In the Arbitration Notice is submittedevent the two appointed arbitrators are unable to agree upon the third arbitrator, the AAA shall designate the third arbitrator to arbitrate the controversy or dispute. The seat of arbitration shall be Hong Kongheld in San Diego, California. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within Within thirty (30) days after giving or receiving initiation of arbitration, the demand for parties shall reach agreement upon and thereafter follow procedures assuring that the arbitration will be concluded and the award rendered within no more than six (6) months from selection of the “Selection Period”)three arbitrators. Such arbitrators shall be freely selectedFailing such agreement, AAA will design, and the parties shall not be limited in their selection will follow, such procedures. THE ARBITRATORS SHALL NOT AWARD ANY PARTY PUNITIVE OR EXEMPLARY DAMAGES, AND EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT TO SEEK SUCH DAMAGES. Each party has the right before or during the arbitration to any prescribed list. The chairman seek and obtain from the appropriate court provisional remedies such as attachment, preliminary injunction, replevin, etc., to avoid irreparable harm, maintain the status quo or preserve the subject matter of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitration.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Power Efficiency Corp), Securities Purchase Agreement (Power Efficiency Corp)

Governing Law; Arbitration. This Agreement Agreement, the rights and obligations of the parties hereto, and all claims or disputes relating thereto, shall be governed by and interpreted construed in accordance with the laws of the State Commonwealth of New York Massachusetts, without giving effect regard to the conflicts choice of law principles provisions thereof. Any disputeExcept for disputes arising under Exhibit A, controversy Exhibit B, Exhibit C or claim Exhibit D hereof, 9 which shall be decided pursuant to the terms of those Exhibits, any dispute arising from this Agreement or Executive’s employment with the Company, including but not limited to claims for wrongful termination; violation of Title VII of the Civil Rights Act of 1964 as amended; violations of the Americans with Disabilities Act of 1990; violations of Massachusetts law, including without limitation claims pursuant to Chapter 151B of the Massachusetts General Laws and the Massachusetts Wage Act and Overtime law; or claims for violations of any state law or rule or regulation regarding discrimination, harassment or other wrongful conduct (eachcollectively, a DisputeCovered Claims) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof), shall be referred to decided solely and exclusively in a final and binding arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong administered by the Hong Kong International Arbitration Centre (the “HKIAC”) JAMS in Boston, Massachusetts, in accordance with the Hong Kong International Arbitration Centre Administered JAMS Employment Arbitration Rules (the “HKIAC Rules”) in force effect at the time when of the Arbitration Notice is submitted. The seat filing of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection PeriodRules”). Such arbitrators , a copy of which is available at xxxx://xxx.xxxxxxx.xxx/rules-employment-arbitration/. The arbitrator shall be freely selecteda single arbitrator with expertise in employment disputes, mutually selected by the parties, or, if the parties are unable to agree thereon, a single arbitrator with expertise in employment disputes designated by the Boston office of JAMS. The arbitrator shall have the authority to award all remedies available in a court of law. The Company shall pay the arbitrator’s fees and all fees and costs to administer the arbitration. The parties acknowledge and agree that their obligations to arbitrate under this Section survive the termination of the Agreement and continue after the termination of the employment relationship between the Executive and the parties shall Company. By agreeing to arbitrate disputes arising out of Executive’s employment, both the Executive and the Company voluntarily and irrevocably waive any and all rights to have any such dispute heard or resolved in any forum other than through arbitration as provided herein. This waiver specifically includes, but is not be limited in their selection to, any right to any prescribed listtrial by jury. The chairman of the HKIAC shall select the third arbitrator. If either party Notwithstanding anything to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitratorscontrary set forth herein, this Section 5.2 will not apply to claims for workers’ compensation or unemployment benefits, any claim for injunctive or equitable relief, or any claim arising from Exhibit A, Exhibit B, Exhibit C or Exhibit D to this Agreement brought by the Company or the Executive, which shall prevailbe governed by the terms and conditions thereof. The award All arbitration proceedings hereunder shall be confidential, except: (a) to the extent the parties otherwise agree in writing; (b) as may be otherwise appropriate in response to a request from a government agency, subpoena, or legal process; (c) if the substantive law of the arbitral tribunal shall be final State of Massachusetts (without giving effect to choice of law principles) provides to the contrary; or (d) as is necessary in a court proceeding to enforce, correct, modify or vacate the arbitrator’s award or decision (and binding upon in the case of this subpart (d), the parties theretoagree to take all reasonable steps to ensure that the arbitrator’s award, decision or findings and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Sectionall other documents, the losing party in such arbitration shall pay to the prevailing party all expenses pleadings and fees (including reasonable attorneys’ fees) incurred in connection papers are filed and/or entered with the arbitration court under seal and/or in a manner that would maintain their confidentiality, including, without limitation, complying with all rules of such Disputeprocedure and local rules for filing documents, pleadings and the arbitration order, ruling or award shall contain a specific provision providing for such paymentpapers under seal).

Appears in 2 contracts

Samples: Executive Employment Agreement (DraftKings Inc.), Executive Employment Agreement (DraftKings Inc.)

Governing Law; Arbitration. This Agreement shall be governed by, and interpreted construed and enforced in accordance with the laws of the State of New York Nevada, without giving effect regard to the conflicts of its choice-of-laws or conflicts-of-law principles thereofrules. Any disputeAll claims, controversy or claim (each, a “Dispute”) disputes and other matters in question arising out of of, or relating to to, this Agreement, Agreement or the interpretation, breach, termination, validity or invalidity thereofperformance hereof, shall be referred to submitted to, and determined by, arbitration upon if good faith negotiations among the demand of either party to the parties hereto, if any, do not resolve such claim, dispute with notice (the “Arbitration Notice”) to the otheror other matter. The Dispute Such arbitration shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) proceed in accordance with the Hong Kong International then-current rules for arbitration established by Judicial Arbitration Centre Administered Arbitration Rules Mediation Services, Inc./ENDISPUTE (“JAMS”), unless the “HKIAC Rules”parties hereto mutually agree otherwise, and pursuant to the following procedures: (a) in force at the time when Corporation on the Arbitration Notice is submitted. The seat one hand and Restricted Stockholder on the other hand shall appoint an arbitrator from the JAMS panel of arbitration retired judges, and those party-appointed arbitrators shall appoint a third arbitrator from the JAMS panel of retired judges within ten (10) days; if the party-appointed arbitrators fail to appoint a third arbitrator within the ten (10) days, such third arbitrator shall be Hong Kong. There appointed by JAMS in accordance with its rules; (b) reasonable discovery shall be three allowed in arbitration; (3c) arbitrators. The complainant and all proceedings before the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedheld in Orange County, and California; (d) the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made award rendered by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal arbitrators shall be final and binding upon the parties theretobinding, and judgment may be entered in accordance with applicable law and in any court having jurisdiction thereof; (e) the award rendered by the arbitrators shall include (i) a provision that the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay recover its costs relating to the prevailing party all expenses arbitration and fees (including reasonable attorneys’ fees from the other party, (ii) the amount of such costs and fees, and (iii) incurred an order that the losing party pay the fees and expenses of the arbitrators. The arbitrator shall by the agreement of the parties expressly be prohibited from awarding punitive damages in connection with the any claim being resolved by arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymenthereunder.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Nemus Bioscience, Inc.), Restricted Stock Agreement (Nemus Bioscience, Inc.)

Governing Law; Arbitration. This Agreement Warrant shall be governed and interpreted in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereofYork. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 4.1. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within 30 days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 2 contracts

Samples: Subscription and Purchase Agreement (CASI Pharmaceuticals, Inc.), Subscription and Purchase Agreement (CASI Pharmaceuticals, Inc.)

Governing Law; Arbitration. This Agreement and the exhibits and schedules hereto shall be governed by, and interpreted construed in accordance with with, the laws of the State of New York York, without giving effect to the conflicts any choice of law principles thereofor conflict of law rules or provisions (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. Any disputeSubject to Section 10.09, controversy or claim (each, a “Dispute”) arising each of the Consortium Members hereby agrees that in the event any dispute arises among the parties out of or relating in relation to this Agreement, or the interpretation, including any dispute regarding its breach, terminationtermination or validity, validity or invalidity thereofthe parties shall attempt in the first instance to resolve such dispute through friendly consultations. If any dispute has not been resolved by friendly consultations within thirty (30) days after any party has served written notice on the other parties requesting the commencement of such consultations, shall be referred to arbitration upon the then any party may demand of either party to that the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be finally settled by arbitration in Hong Kong by accordance with the following provisions of this Section 10.08. The arbitration shall be conducted in accordance with the UNCITRAL Arbitration Rules and the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with Procedures for the Hong Kong Administration of International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitteddate of this Agreement, which rules are deemed to be incorporated by reference in this Section 10.08. The seat place of the arbitration shall be Hong KongKong and the language of the arbitration shall be English. The appointing authority shall be the HKIAC. There shall be three (3) arbitrators. The complainant One arbitrator shall be jointly nominated by the claimant(s), irrespective of number, and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedjointly nominated by the respondent(s), and irrespective of number. If either the parties claimant(s) or the respondent(s) shall not be limited in abstain from nominating their selection to any prescribed list. The chairman of arbitrator, the HKIAC shall appoint such arbitrator. The two arbitrators so chosen shall select a third arbitrator, provided that if such two arbitrators shall fail to choose a third arbitrator within 30 days after such two arbitrators have been selected, the HKIAC, upon the request of any party, shall appoint a third arbitrator. If either party to the arbitration fails to appoint an The third arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIACpresiding arbitrator. The arbitral proceedings arbitration shall be conducted in Englishprivate. To The parties agree that all documents and evidence submitted in the extent arbitration (including without limitation any statements of case and any interim or final award, as well as the fact that an arbitral award has been made) shall remain confidential both during and after any final award that is rendered unless the HKIAC Rules are parties hereto otherwise agree in conflict writing. Upon and after the submission of any dispute to arbitration, the parties shall continue to exercise their remaining respective rights, and fulfill their remaining respective obligations under this Agreement, except insofar as the same may relate directly to the matters in dispute. The parties hereby agree that any arbitration award rendered in accordance with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal 10.08 shall be final and binding upon the parties theretothem, and the prevailing parties further agree that such award may be enforced by any court having jurisdiction over the party may apply to a court of competent jurisdiction for enforcement against which the award has been rendered or the assets of such awardparty wherever the same may be located. In any arbitration proceeding, any legal proceeding to enforce any arbitration award and in any other legal proceeding among the event of the arbitration of any Dispute parties pursuant to or relating to this SectionAgreement, each party expressly waives the losing party in such arbitration defense of sovereign immunity and any other defense based on the fact or allegation that it is an agency or instrumentality of a sovereign state or is otherwise entitled to immunity. The arbitrators shall pay have no authority to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling award punitive or award shall contain a specific provision providing for such paymentother punitive-type damages.

Appears in 2 contracts

Samples: Consortium Agreement (Wang Benson Haibing), Consortium Agreement (7 Days Group Holdings LTD)

Governing Law; Arbitration. This (a) In accordance with Section 5.1, inventorship of inventions and discoveries will be determined in accordance with U.S. patent laws and authorship of copyrighted works will be determined in accordance with U.S. copyright laws. Otherwise, this Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York Delaware, without giving effect reference to the conflicts any rules of law principles thereof. Any dispute, conflict of laws. (b) If any controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or Agreement cannot first be resolved by the interpretation, breach, termination, validity or invalidity Parties within [**] days after written notice thereof, then, absent written agreement to the contrary, arbitration pursuant to the terms hereof shall be referred the sole and exclusive method of resolution of such dispute. Either Party may submit the controversy or claim to confidential binding arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered JAMS Comprehensive Arbitration Rules (the “HKIAC Rules”) and Procedures then in force at the time when the Arbitration Notice is submittedeffect. The seat of arbitration will be conducted by one arbitrator, mutually selected by the Parties; provided, however, that if the Parties fail to mutually select an arbitrator within [**] Business Days after the claim is submitted to arbitration, then the arbitrator shall be Hong Kong. There shall be three (3) arbitratorsselected by JAMS in accordance with its Comprehensive Arbitration Rules and Procedures then in effect. The complainant and Parties agree to use commercially reasonable efforts to cause the respondent arbitration hearing to such dispute shall each select one arbitrator be conducted within thirty (30) [**] days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitratorsarbitrator, this Section 5.2 shall prevail. The award and to use commercially reasonable efforts to cause the decision of the arbitral tribunal shall arbitrator to be final and binding upon furnished within [**] days after the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event conclusion of the arbitration hearing. The final decision of the arbitrator shall be provided in writing to the Parties and include (a) the dollar amount of any Dispute pursuant award or specific performance, if any, and (b) a determination as to this Sectionwhether either Party shall be required to bear and pay all or a portion of the other Party’s attorneys’ fees and other expenses relating to the arbitration. Judgment upon any award, judgment, decree or order rendered by the losing party arbitrator may be entered in such any court having competent jurisdiction. The place of the arbitration hearing shall be in the City of New York, New York and the language of the arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentbe English.

Appears in 2 contracts

Samples: Development and License Agreement (Concert Pharmaceuticals, Inc.), Development and License Agreement (Concert Pharmaceuticals, Inc.)

Governing Law; Arbitration. This Agreement shall be governed by and interpreted construed in accordance with the internal laws of the State of New York York, without giving effect to the conflicts choice of law principles thereofprovisions. Any dispute, The Company and the Investor agrees to submit itself to the IN PERSONAM jurisdiction of the state and federal courts situated within the Southern District of the State of New York with regard to any controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, . Any dispute under this Agreement shall be referred submitted to arbitration upon under the demand of either party to the dispute with notice American Arbitration Association (the “Arbitration Notice”"AAA") to the other. The Dispute in New York City, New York, and shall be settled by arbitration in Hong Kong finally and conclusively determined by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat decision of a board of arbitration shall be Hong Kong. There shall be consisting of three (3) arbitratorsmembers (hereinafter referred to as the "BOARD OF ARBITRATION") selected as according to the rules governing the AAA. The complainant Board of Arbitration shall meet on consecutive business days in New York City, New York, and shall reach and render a decision in writing (concurred in by a majority of the respondent members of the Board of Arbitration) with respect to such dispute the amount, if any, which the losing party is required to pay to the other party in respect of a claim filed. In connection with rendering its decisions, the Board of Arbitration shall each select one arbitrator within adopt and follow the laws of the State of New York. To the extent practical, decisions of the Board of Arbitration shall be rendered no more than thirty (30) calendar days after giving or receiving following commencement of proceedings with respect thereto. The Board of Arbitration shall cause its written decision to be delivered to all parties involved in the demand for arbitration (the “Selection Period”)dispute. Such arbitrators The Board of Arbitration shall be freely selected, authorized and the parties shall not be limited is directed to enter a default judgment against any party refusing to participate in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be proceeding within thirty days of any deadline for such participation. Any decision made by the chairman Board of Arbitration (either prior to or after the expiration of such thirty (30) calendar day period) shall be final, binding and conclusive on the parties to the dispute, and entitled to be enforced to the fullest extent permitted by law and entered in any court of competent jurisdiction. The prevailing party shall be awarded its costs, including attorneys' fees, from the non-prevailing party as part of the HKIACarbitration award. The arbitral proceedings Any party shall be conducted in English. To have the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply right to a seek injunctive relief from any court of competent jurisdiction for enforcement of in any case where such awardrelief is available. In the event of the arbitration of any Dispute pursuant to this Section, the losing The prevailing party in such arbitration injunctive action shall pay to be awarded its costs, including attorney's fees, from the non-prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentparty.

Appears in 2 contracts

Samples: Preferred Stock Subscription Agreement (On2 Technologies Inc), Unit Purchase Agreement (On2 Technologies Inc)

Governing Law; Arbitration. 20.1 This Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York United Kingdom (LAW) without giving effect regard to the conflicts its conflict or choice of law principles thereofprovisions. This Agreement and all related correspondence shall be written in the English language, which shall take precedence over any translation. 20.2 Any dispute, controversy or claim (each, a “Dispute”) dispute arising out of or relating to in connection with this Agreement, or the interpretation, breach, terminationincluding its existence, validity or invalidity thereoftermination, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) handled in accordance with the Hong Kong following process: 20.3 The Buyer and Supplier's in-country program managers shall agree to enter into negotiations to resolve such dispute. Both parties agree to negotiate in good faith to reach a mutually agreeable settlement within a reasonable amount of time. If after a period of twenty (20) calendar days the dispute remains unresolved, it shall then be solely and finally settled by binding arbitration under the Rules of Conciliation and Arbitration of the International Arbitration Centre Administered Arbitration Rules Chamber of Commerce (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedICC), which rules are deemed to be incorporated by reference into this article. The seat tribunal shall consist of arbitration shall be Hong Kong. There shall be three (3) arbitratorsarbitrators appointed pursuant to the rules of the ICC and as follows: one arbitrator shall be appointed by the Buyer, one by the Supplier. The complainant and the respondent to such dispute shall each select one third arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, appointed by the other two arbitrators and shall be the parties shall not be limited in their selection to any prescribed listpresident of the tribunal. The chairman place of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made Vancouver, Canada. The English language shall be used throughout the arbitral proceedings. The judgment rendered by the chairman of arbitrators upon the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, Parties and the prevailing party may apply to a be submitted in any court of competent having jurisdiction for the purposes of obtaining an order of enforcement or judicial acceptance of such the award, as the case may be. 20.4 The Parties shall not be entitled for any reason whatsoever, to stop the implementation of this Agreement or/ and any of the obligations hereto. In As an exception to the aforementioned, in the event that the Buyer delays the payment to the Supplier of any overdue amount of the arbitration of any Dispute pursuant to Price, for a period which is longer than fourteen (14) days from the date that this Section, the losing party amount became due and payable in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection accordance with the arbitration terms and conditions of such Disputethis Agreement, and then the arbitration order, ruling or award Supplier shall contain a specific provision providing have the right to stop the implementation of its obligations until the date that the Buyer will fulfill its respective obligation for such payment.

Appears in 2 contracts

Samples: Supply Agreement (Ituran Location & Control Ltd.), Supply Agreement (Ituran Location & Control Ltd.)

Governing Law; Arbitration. This Agreement shall be governed by and interpreted construed in accordance with the internal laws of the State of New York York, without giving effect to the conflicts principles of law principles thereofconflict of laws. Any dispute, controversy or claim (each, a “Dispute”) dispute arising out of or relating to this Agreement, including, without limitation, the interpretation of any provision of this Agreement or the interpretation, breach, termination, termination or validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice hereof (the a Arbitration NoticeDispute”) to the other. The Dispute shall be settled finally by an arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) proceeding conducted in accordance with the Hong Kong International Arbitration Centre Administered Commercial Arbitration Rules of the American Arbitration Association (the “HKIAC RulesAAA”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration effect (the “Selection PeriodAAA Rules”). Such arbitrators ; provided that the provisions hereof shall be freely selected, and controlling in the parties shall not be limited in their selection to event of any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator conflict with the Selection Period, the relevant appointment shall be made by the chairman of the HKIACAAA Rules. The arbitral proceedings Any arbitration proceeding pursuant to this Section 10(b) shall be conducted in EnglishManhattan, in the State of New York before a single arbitrator (the “Panel”) selected by the AAA. To At any oral hearing of evidence in connection with the extent arbitration, a party shall have the right to examine its witnesses and to cross-examine the witnesses of the opposing party. No evidence of any witness shall be presented in written form unless the opposing party shall have the opportunity to cross-examine such witness, except as the parties otherwise agree in writing or except under extraordinary circumstances where the Panel determines that the HKIAC Rules are in conflict with the provisions interests of this Section 5.2justice require a different procedure. Subject to Sections 5.3, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The any decision or award of the arbitral tribunal Panel (an “Arbitral Decision”) shall be final and binding upon the parties. The parties theretohereby waive to the extent permitted by law any rights to appeal such decision or award to, and or the prevailing party may apply to a court of competent jurisdiction for enforcement review of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling decision or award shall contain a specific provision providing for such paymentby, any court or tribunal. An Arbitral Decision may be enforced against the Parties and/or their respective assets in any court having proper jurisdiction. THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY AND THAT ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS SHALL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Coolbrands International Inc), Asset Purchase Agreement (Coolbrands International Inc)

Governing Law; Arbitration. This Agreement shall be governed by, and interpreted construed and enforced in accordance with the laws of the State of New York Nevada, without giving effect regard to the conflicts of its choice-of-laws or conflicts-of-law principles thereofrules. Any disputeAll claims, controversy or claim (each, a “Dispute”) disputes and other matters in question arising out of of, or relating to to, this Agreement, Agreement or the interpretation, breach, termination, validity or invalidity thereofperformance hereof, shall be referred to submitted to, and determined by, arbitration upon if good faith negotiations among the demand of either party to the parties hereto, if any, do not resolve such claim, dispute with notice (the “Arbitration Notice”) to the otheror other matter. The Dispute Such arbitration shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) proceed in accordance with the Hong Kong International then-current rules for arbitration established by Judicial Arbitration Centre Administered Arbitration Rules Mediation Services, Inc./ENDISPUTE (“JAMS”), unless the “HKIAC Rules”parties hereto mutually agree otherwise, and pursuant to the following procedures: (i) in force at the time when Company on the Arbitration Notice is submittedone hand and the Purchaser on the other hand shall appoint an arbitrator from the JAMS panel of retired judges, and those party-appointed arbitrators shall appoint a third arbitrator from the JAMS panel of retired judges within ten (10) days. The seat of arbitration If the party-appointed arbitrators fail to appoint a third arbitrator within the ten (10) days, such third arbitrator shall be Hong Kong. There appointed by JAMS in accordance with its rules; (ii) reasonable discovery shall be three allowed in arbitration; (3iii) arbitrators. The complainant and all proceedings before the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedheld in Orange County, and California; (iv) the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made award rendered by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal arbitrators shall be final and binding upon the parties theretobinding, and judgment may be entered in accordance with applicable law and in any court having jurisdiction thereof; (v) the award rendered by the arbitrators shall include (a) a provision that the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay recover its costs relating to the prevailing party all expenses arbitration and fees (including reasonable attorneys’ fees from the other party, (b) the amount of such costs and fees, and (c) incurred an order that the losing party pay the fees and expenses of the arbitrators. The arbitrator shall by the agreement of the parties expressly be prohibited from awarding punitive damages in connection with the any claim being resolved by arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymenthereunder.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Nemus Bioscience, Inc.), Securities Purchase Agreement (Nemus Bioscience, Inc.)

Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with (a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN THAT STATE, WITHOUT REGARD TO ANY OF ITS PRINCIPLES OF CONFLICTS OF LAWS OR OTHER LAWS WHICH WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION; EXCEPT, HOWEVER, THAT THE APPLICABILITY OF BULK SALES SHALL BE GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA. THIS AGREEMENT SHALL BE CONSTRUED AND INTERPRETED WITHOUT REGARD TO ANY PRESUMPTION AGAINST THE PARTY CAUSING THIS AGREEMENT TO BE DRAFTED. (b) Any dispute between the laws of the State of New York without giving effect to the conflicts of law principles thereof. Any dispute, controversy or claim (each, a “Dispute”) parties arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute Agreement shall be settled by mandatory, final, binding arbitration in Hong Kong by Santa Clara County, California and conducxxx xy the Hong Kong International Arbitration Centre American Arbitrators Association (the “HKIAC”"AAA") pursuant to its rules and procedures. Except as specifically otherwise provided in accordance with this Agreement, arbitration will be the Hong Kong International Arbitration Centre Administered Arbitration Rules sole and exclusive remedy of the parties for any dispute arising out of this Agreement, the Seller Documents or the Purchaser Documents. (i) If any such dispute exists, a party will notify the “HKIAC Rules”other party of the dispute, and if the dispute is not resolved within ten (10) in force at days after such notice is furnished, the time when the Arbitration Notice is submitted. The seat of notifying party may institute arbitration proceedings pursuant to this Section 12.6(b). (ii) Any arbitration conducted pursuant to this Section 12.6 shall be Hong Kong. There shall be before a panel of three (3) arbitratorsarbitrators chosen from lists of qualified arbitrators submitted by the AAA; provided, however, that such lawyers cannot work for a firm then performing services for either party, that each party will have the opportunity to make such reasonable objection to any of the arbitrators listed as such party may wish and that the AAA will select the arbitrator from the list of arbitrators as to whom neither party makes any such objection. (iii) For any dispute submitted to arbitration, the burden of proof will be as it would be if the claim were litigated in a judicial proceeding. The complainant arbitrator shall have the authority to grant any equitable and legal remedies that would be available in any judicial proceeding instituted to resolve a dispute. The determination of a majority of the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving arbitrators in the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, conclusive and binding on the parties hereto and shall not be limited in their selection subject to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailappeal or judicial review. The award of the arbitral tribunal shall arbitrators may be final and binding upon the parties thereto, and the prevailing party may apply to a enforced in any court of competent jurisdiction and each of the parties hereby unconditionally and irrevocably consents to the jurisdiction of the Federal District Court for enforcement the Central District of California and the Courts of the State of California solely with respect to (and for no reason or other purpose) any action instituted to enforce any such award. In the event . (iv) Each of the arbitration parties unconditionally and irrevocably waives any right to a trial by jury in respect of any Dispute pursuant such action. (v) The arbitrators shall be entitled to this Section, award and apportion the losing party in such arbitration shall pay to costs and expenses of the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred parties in connection with any arbitration (including, without limitation, attorneys' fees and expenses) as well as the arbitration costs and expenses of such Dispute, the arbitrators and the arbitration orderAAA, ruling or award shall contain a specific provision providing for such paymentas the arbitrators, in their discretion, may determine.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Invivo Corp), Asset Purchase Agreement (Invivo Corp)

Governing Law; Arbitration. This Agreement The law of California (exclusive of conflict or choice of law rules) shall be governed govern, construe and interpreted in accordance with the laws enforce all of the State rights and duties of New York without giving effect the Parties arising or in any way relating to the conflicts subject matter of law principles thereofthis Agreement. Any In the event of any dispute, claim or controversy or claim (each, a “Dispute”) arising out of or relating to this AgreementAgreement (including any claim based on contract, tort or statute) or the interpretation, breach, termination, enforcement, interpretation or validity or invalidity thereof, including the determination of the scope or applicability of this agreement to arbitrate, (a “Dispute”), then the Parties shall be referred engage in informal, good faith discussions and attempt to arbitration upon resolve the demand of either party Dispute. If the Parties are unable to resolve the dispute with notice (Dispute, then the “Arbitration Notice”) to the other. The Dispute shall be settled determined by confidential binding arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedSan Francisco before one arbitrator. The seat of arbitration shall be Hong Kongadministered by JAMS pursuant to its Streamlined Arbitration Rules and Procedures. There Judgment on any award pursuant to arbitration may be entered in any court of competent jurisdiction. The arbitrator shall be three (3) arbitratorsa retired judge with at least five years of experience presiding over disputes related to complex commercial transactions. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedappointed by agreement of the Parties or, if no agreement can be reached, then each Party shall appoint one JAMS arbitrator for the purpose of selecting the arbitrator to govern the Dispute, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC those two arbitrators shall select the third arbitratorarbitrator to govern the Dispute. In any arbitration arising out of or related to this Agreement, the arbitrator shall award to the prevailing Party, if any, the costs and attorneys’ fees reasonably incurred by the prevailing Party in connection with the arbitration. If either party the arbitrator determines a Party to be the prevailing Party under circumstances where the prevailing Party won on some but not all of the claims and counterclaims, the arbitrator may award the prevailing Party an appropriate percentage of the costs and attorneys’ fees reasonably incurred by the prevailing Party in connection with the arbitration. Without limiting the effect of Section 4.2(iii), the Parties shall maintain the confidential nature of the arbitration proceeding and the award, except as may be necessary in connection with a judicial challenge to an award or its enforcement, or unless otherwise required by law or judicial decision. Notwithstanding anything herein to the arbitration fails to appoint an arbitrator with the Selection Periodcontrary, the relevant appointment either Party shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2entitled to seek to obtain any provisional remedy, including the provisions concerning the appointment of the arbitratorsinjunctive or similar relief, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a from any court of competent jurisdiction for enforcement of such awardas may be necessary to protect that Party’s rights and interests. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such payment16.

Appears in 2 contracts

Samples: Brand Agreement (Fantex, Inc.), Brand Agreement (Fantex, Inc.)

Governing Law; Arbitration. This Agreement Amendment and all questions concerning the construction, validity, enforcement and interpretation of this Amendment shall be governed by and interpreted construed in accordance with the laws of the State state of New York without giving effect to the conflicts any choice or conflict of law principles provision or rule thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this AgreementAmendment, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either party any Party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother Party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 5. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in New York. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within the Selection Periodaforementioned 30-day period, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each Party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 2 contracts

Samples: Share Subscription Agreement (JD.com, Inc.), Announcement

Governing Law; Arbitration. a) This Agreement shall be governed and interpreted in accordance with by the laws of the State of New York without giving effect to the conflicts Maryland exclusive of its choice of law principles thereof. provisions. b) Any disputecontroversy, controversy claim or claim (each, a “Dispute”) dispute arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled solely and exclusively by a binding arbitration process administered by JAMS/Endispute in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) State of Maryland. Such arbitration shall be conducted in accordance with the Hong Kong International Arbitration Centre Administered Arbitration then-existing JAMS/Endispute Rules of Practice and Procedure, with the following exceptions if in conflict: (a) one arbitrator who is a retired judge shall be chosen by JAMS/Endispute; (b) the “HKIAC Rules”Company shall pay the first $10,000 of the expenses and fees of the arbitrator, and any such expenses and fees in excess of $10,000 shall be paid one-half by you and one-half by the Company; and (c) arbitration may proceed in force at the time when absence of any party if written notice (pursuant to the Arbitration Notice is submittedJAMS/Endispute rules and regulations) of the proceedings has been given to such party. Each party shall bear its own attorneys fees and expenses; provided that the arbitrator may assess the prevailing party’s fees and costs against the non-prevailing party as part of the arbitrator’s award. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant parties agree to abide by all decisions and the respondent to awards rendered in such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”)proceedings. Such arbitrators shall be freely selected, decisions and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made awards rendered by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal arbitrator shall be final and binding upon conclusive. All such controversies, claims or disputes shall be settled in this manner in lieu of any action at law or equity; provided, however, that nothing in this subsection shall be construed as precluding an action for injunctive relief or specific performance as provided in any agreement entered into between you and the Company setting forth Restrictive Covenants. This dispute resolution process and any arbitration hereunder shall be confidential and neither any party nor the neutral arbitrator shall disclose the existence, contents or results of such process without the prior written consent of all Parties, except where necessary or compelled in a court to enforce this arbitration provision or an Award from such arbitration or otherwise in a legal proceeding. If JAMS/Endispute no longer exists or is otherwise unavailable, the parties theretoagree that the American Arbitration Association (“AAA”) shall administer the arbitration in accordance with its then-existing rules. In such event, all references herein to JAMS/Endispute shall mean AAA. Notwithstanding the foregoing, you and the prevailing party may apply Company each have the right to a resolve any issue or dispute over intellectual property rights by court action instead of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitration.

Appears in 2 contracts

Samples: Employment Agreement (Vocus, Inc.), Employment Agreement (Vocus, Inc.)

Governing Law; Arbitration. This Agreement and all disputes between the parties arising out of or related thereto shall be governed and interpreted in accordance with by the laws of the State of New York without giving effect to the conflicts Michigan except for its choice of law principles thereofrules; the United Nations Convention on the International Sale of Goods shall not apply. The Parties acknowledge that this Agreement evidences a transaction involving interstate commerce. Any disputeand all disputes, controversy controversies, differences, or claim (each, a “Dispute”) claims arising out of or relating to this AgreementAgreement (including the formation, existence, validity, interpretation (including of this Arbitration clause), breach or termination thereof) shall be resolved exclusively through binding arbitration, except that either party shall have the right, at its option, to seek interim injunctive relief at any time, under seal to maintain confidentiality to the extent permitted by law, (i) in either the Michigan Circuit Court for the County of Oakland or the United States Court for the Eastern District of Michigan, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party (ii) pursuant to the dispute with notice American Arbitration Association (the Arbitration NoticeAAA”) to the otherCommercial Arbitration Rules. The Dispute shall be settled A request by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either a party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement such interim measures shall not be deemed incompatible with, or a waiver of, this agreement to arbitrate. The parties agree that any ruling by the arbitration tribunal on interim measures shall be deemed to be a final award for purposes of such awardenforcement. In The arbitration proceedings shall be conducted in accordance with the event Commercial Arbitration Rules of the AAA as amended from time to time, except as modified by this clause or by mutual agreement of the parties, and shall be governed by the United States Federal Arbitration Act. Within 14 days after the commencement of arbitration, each party shall select one person to act as arbitrator and the two selected shall select a third arbitrator within 10 days of their appointment. If the arbitrators selected by the parties are unable or fail to agree upon the third arbitrator, the third arbitrator shall be selected by the AAA. The arbitration shall be conducted in Detroit, Michigan, USA, and the language of the arbitration shall be English. The arbitrators’ award shall be final and binding. The arbitrators shall issue a written opinion setting forth the basis for the arbitrators’ decision. The written opinion may be issued separately from the award, in the arbitrators’ discretion. Each party shall bear its own attorney fees and costs, and each party shall bear one half the cost of the arbitration hearing fees and the cost of the arbitrator, unless the arbitrators find the claims or defenses to have been frivolous or harassing, in which case fees and costs may be assessed in the arbitrators’ discretion. Either party may apply to have the arbitration award confirmed and a court judgment entered upon it. Venue for confirmation of or any challenge to the Arbitration Award shall be in either the Michigan Circuit Court for the County of Oakland or the United States Court for the Eastern District of Michigan and shall be done under seal to maintain confidentiality to the maximum extent permitted by law. The arbitrators shall have no authority to award punitive damages or any other damages excluded herein, to the maximum extent permitted by law. Except as may be required by law, neither a party, its counsel, nor an arbitrator may disclose the existence, content, or results of any Dispute pursuant to this Section, arbitration hereunder without the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration prior written consent of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentboth parties.

Appears in 2 contracts

Samples: Software Maintenance Agreement, Software Maintenance Agreement

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Governing Law; Arbitration. This Agreement shall be governed and interpreted construed in accordance with the laws of the State of New York without giving effect to Delaware (regardless of the conflicts law that might otherwise govern under applicable Delaware principles of law principles thereofconflict of laws). Any dispute, controversy or claim (each, a “Dispute”) The parties hereto hereby agree that any dispute arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute Agreement shall be settled by arbitration in Hong Kong pursuant to this Section 17. All arbitration shall be finally and conclusively determined by the Hong Kong International Arbitration Centre decision of a board of arbitration consisting of three members (the “HKIACBoard of Arbitration”) in accordance with selected as hereinafter provided. Each of Company and the Hong Kong International Arbitration Centre Administered Arbitration Rules (Grantee shall select one member and the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration third member shall be Hong Kong. There shall be three a retired judge selected by mutual agreement of the other members, or if the other members fail to reach agreement on a third member within twenty (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (3020) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators their selection, such third member, who shall be freely selecteda retired judge, shall thereafter be selected by the American Arbitration Association (“AAA”) upon application made to it for a third member jointly by Company and the Grantee. The Board of Arbitration shall meet in Wilmington, DE, and the parties shall not be limited reach and render a decision in their selection to any prescribed list. The chairman writing (concurred in by a majority of the HKIAC shall select members of the third arbitratorBoard of Arbitration) specifying its findings of fact and conclusions of law. If either party to the arbitration fails to appoint an arbitrator In connection with the Selection Periodits proceedings, the relevant appointment Board of Arbitration shall be made by follow the chairman of AAA Commercial Arbitration rules; provided, however, that if there is any conflict between the HKIAC. The arbitral proceedings shall be conducted in Englishprocedures set forth herein and the AAA rules, the provisions herein will control. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2practical, including the provisions concerning the appointment decisions of the arbitrators, this Section 5.2 Board of Arbitration shall prevailbe rendered no more than sixty (60) days following the later to occur of completion of the hearing or the closing of the record with respect thereto. The award Board of Arbitration shall cause its written decision to be delivered to the arbitral tribunal parties in the manner provided for the giving of notices in Section 8 hereof. Any decision made by the Board of Arbitration (either prior to or after the expiration of such sixty (60)-day period) shall be final final, binding and binding upon conclusive on the parties thereto, and entitled to be enforced to the prevailing party may apply to a fullest extent permitted by applicable law and entered in any court of competent jurisdiction for enforcement jurisdiction. The Board of such award. In Arbitration shall allocate among the event of the arbitration of any Dispute pursuant parties to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees of each member of the Board of Arbitration on such basis as the Board of Arbitration may determine. In addition, the Board of Arbitration shall have the right to require one party to such arbitration to bear all or a portion of the expenses (including reasonable attorneys' fees) incurred in connection with of the arbitration of such Dispute, and other party to the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitration.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (BioNeutral Group, Inc), Stock Appreciation Rights Agreement (BioNeutral Group, Inc)

Governing Law; Arbitration. This Agreement shall be governed by and interpreted construed in accordance with the internal laws of the State of New York without giving effect to the conflicts of law principles thereofYork. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating related to this Agreement, Debenture or the interpretation, breach, termination, validity or invalidity breach thereof, shall be referred to settled by binding arbitration in New York, New York in accordance with the Expedited Procedures (Rules 53-57) of the Commercial Arbitration Rules of the American Arbitration Association (“AAA”). A proceeding shall be commenced upon written demand by the demand of either party to the dispute with notice (the “Arbitration Notice”) Company or Buyer to the other. The Dispute arbitrator(s) shall enter a judgment by default against any party, which fails or refuses to appear in any properly noticed arbitration proceeding. The proceeding shall be settled conducted by arbitration one (1) arbitrator, unless the amount alleged to be in Hong Kong by the Hong Kong International Arbitration Centre dispute exceeds two hundred fifty thousand dollars (the “HKIAC”) $250,000), in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be which case three (3) arbitratorsarbitrators shall preside. The complainant and arbitrator(s) will be chosen by the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving parties from a list provided by the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedAAA, and if the parties shall not be limited in their selection are unable to any prescribed list. The chairman of agree within ten (10) days, the HKIAC AAA shall select the third arbitratorarbitrator(s). If either The arbitrators must be experts in securities law and financial transactions. The arbitrators shall assess costs and expenses of the arbitration, including all attorneys’ and experts’ fees, as the arbitrators believe is appropriate in light of the merits of the parties’ respective positions in the issues in dispute. Each party submits irrevocably to the arbitration fails jurisdiction of any state court sitting in New York, New York or to appoint an arbitrator the United States District Court sitting in New York, New York for purposes of enforcement of any discovery order, judgment or award in connection with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailsuch arbitration. The award of the arbitral tribunal arbitrator(s) shall be final and binding upon the parties theretoand may be enforced in any court having jurisdiction. The arbitration shall be held in such place as set by the arbitrator(s) in accordance with Rule 55. With respect to any arbitration proceeding in accordance with this section, the prevailing party’s reasonable attorney’s fees and expenses shall be borne by the non-prevailing party. Although the parties, as expressed above, agree that all claims, including claims that are equitable in nature, for example specific performance, shall initially be prosecuted in the binding arbitration procedure outlined above, if the arbitration panel dismisses or otherwise fails to entertain any or all of the equitable claims asserted by reason of the fact that it lacks jurisdiction, power and/or authority to consider such claims and/or direct the remedy requested, then, in only that event, will the parties have the right to initiate litigation respecting such equitable claims or remedies. The forum for such equitable relief shall be in either a state or federal court sitting in New York, New York. Each party waives any right to a trial by jury, assuming such right exists in an equitable proceeding, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay irrevocably submits to the prevailing party all expenses jurisdiction of said New York court. New York law shall govern both the proceeding as well as the interpretation and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration construction of such Dispute, this Agreement and the arbitration order, ruling or award shall contain transaction as a specific provision providing for such paymentwhole.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Guardian Technologies International Inc), Convertible Security Agreement (Guardian Technologies International Inc)

Governing Law; Arbitration. This The validity, interpretation, performance and enforcement of this Agreement shall be governed and interpreted in accordance with by the laws of the State of New York Connecticut without giving effect to the conflicts any choice of law principles thereofrules or other conflicting provision or rule that would cause the laws of any jurisdiction to be applied. Any dispute, controversy or claim (each, a “Dispute”) Rxxx’x and the Executive agree that any and all disputes arising out of or relating to the terms of this Agreement, the Executive’s employment by Rxxx’x, the Executive’s service as an employee or officer of Rxxx’x or any of its subsidiaries, or the interpretationExecutive’s compensation and benefits, breachwill be subject to binding arbitration in Fairfield County, terminationConnecticut under the Employment Arbitration Rules of the American Arbitration Association then in effect, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party and consent to the dispute with notice (the “Arbitration Notice”) jurisdiction to the otherfederal or state courts in Fairfield County, Connecticut to enforce any arbitration award rendered with respect thereto. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant conducted by a single arbitrator as agreed upon between Rxxx’x and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”)Executive. Such arbitrators shall be freely selected, If Rxxx’x and the parties shall Executive cannot be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third agree on a single arbitrator. If either party to , the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in Englishbefore a panel of three arbitrators, one selected by each party hereto and the third arbitrator selected by the parties’ two arbitrators from a panel provided by the American Arbitration Association. To The costs of the extent arbitrator along with other arbitration-specific fees shall be borne equally by the parties. Each party shall bear its own attorneys’ fees and expenses; provided that the HKIAC Rules are in conflict with arbitrator may assess the provisions of this Section 5.2, including prevailing party’s fees and costs against the provisions concerning the appointment non-prevailing party as part of the arbitrators, this Section 5.2 shall prevailarbitrator’s award. The award of parties agree to abide by all decisions and awards rendered in such proceedings. Such decisions and awards rendered by the arbitral tribunal arbitrators shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of conclusive. All such award. In the event of the arbitration disputes shall be settled in this manner in lieu of any Dispute pursuant to action at law or equity; provided, however, that nothing in this Section, subsection shall be construed as precluding the losing party bringing an action for injunctive relief or specific performance as provided in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentthis Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Reed's, Inc.), Executive Employment Agreement (Reed's, Inc.)

Governing Law; Arbitration. This Agreement and all questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State state of New York without giving effect to the conflicts any choice or conflict of law principles provision or rule thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either party any Party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother Party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 7.02. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in New York. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within the Selection Periodaforementioned 30-day period, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 2 contracts

Samples: Share Subscription Agreement (JD.com, Inc.), Share Subscription Agreement (Dada Nexus LTD)

Governing Law; Arbitration. This Agreement shall be governed interpreted and interpreted construed in accordance with the substantive laws (and not the law of conflicts) of the State of New York without giving California and the United States of America with the same force and effect as if fully executed and to the conflicts of law principles thereofbe fully performed therein. Any disputeAll actions or proceedings arising in connection with, controversy or claim (each, a “Dispute”) arising out of touching upon or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, breach thereof and/or the scope of the provisions of this Section 24 (a “Proceeding”) shall be referred submitted to JAMS (“JAMS”) for binding arbitration upon under its Comprehensive Arbitration Rules and Procedures if the demand of either party to matter in dispute is over $250,000 or under its Streamlined Arbitration Rules and Procedures if the matter in dispute with notice is $250,000 or less (as applicable, the “Arbitration NoticeRules”) to be held solely in Los Angeles, California, U.S.A., in the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) English language in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules provisions below. 25.1 Each arbitration shall be conducted by an arbitral tribunal (the “HKIAC RulesArbitral Board”) in force at consisting of a single arbitrator who shall be mutually agreed upon by the time when parties. If the Arbitration Notice is submittedparties are unable to agree on an arbitrator, the arbitrator shall be appointed by JAMS. The seat of arbitration arbitrator shall be Hong Konga retired judge with at least ten (10) years experience in commercial matters. The Arbitral Board shall assess the cost, fees and expenses of the arbitration against the losing party, and the prevailing party in any arbitration or legal proceeding relating to this Agreement shall be entitled to all reasonable expenses (including, without limitation, reasonable attorney’s fees). Notwithstanding the foregoing, the Arbitral Board may require that such fees be borne in such other manner as the Arbitral Board determines is required in order for this arbitration clause to be enforceable under applicable law. The parties shall be entitled to conduct discovery in accordance with Section 1283.05 of the California Code of Civil Procedure, provided that (a) the Arbitral Board must authorize all such discovery in advance based on findings that the material sought is relevant to the issues in dispute and that the nature and scope of such discovery is reasonable under the circumstances, and (b) discovery shall be limited to depositions and production of documents unless the Arbitral Board finds that another method of discovery (e.g., interrogatories) is the most reasonable and cost efficient method of obtaining the information sought. 25.2 There shall be a record of the proceedings at the arbitration hearing and the Arbitral Board shall issue a Statement of Decision setting forth the factual and legal basis for the Arbitral Board's decision. If neither party gives written notice requesting an appeal within ten (10) business days after the issuance of the Statement of Decision, the Arbitral Board's decision shall be final and binding as to all matters of substance and procedure, and may be enforced by a petition to the Los Angeles County Superior Court or, in the case of Licensee, such other court having jurisdiction over Licensee, which may be made ex parte, for confirmation and enforcement of the award. If either party gives written notice requesting an appeal within ten (10) business days after the issuance of the Statement of Decision, the award of the Arbitral Board shall be appealed to three (3) arbitratorsneutral arbitrators (the "Appellate Arbitrators"), each of whom shall have the same qualifications and be selected through the same procedure as the Arbitral Board. The complainant and the respondent to such dispute appealing party shall each select one arbitrator file its appellate brief within thirty (30) days after giving or receiving its written notice requesting the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, appeal and the parties other party shall file its brief within thirty (30) days thereafter. The Appellate Arbitrators shall thereupon review the decision of the Arbitral Board applying the same standards of review (and all of the same presumptions) as if the Appellate Arbitrators were a California Court of Appeal reviewing a judgment of the Los Angeles County Superior Court, except that the Appellate Arbitrators shall in all cases issue a final award and shall not be limited in their selection remand the matter to any prescribed listthe Arbitral Board. The chairman decision of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal Appellate Arbitrators shall be final and binding upon the parties theretoas to all matters of substance and procedure, and may be enforced by a petition to the prevailing Los Angeles County Superior Court or, in the case of Licensee, such other court having jurisdiction over Licensee, which may be made ex parte, for confirmation and enforcement of the award. The party appealing the decision of the Arbitral Board shall pay all costs and expenses of the appeal, including the fees of the Appellate Arbitrators and the reasonable outside attorneys' fees of the opposing party, unless the decision of the Arbitral Board is reversed, in which event the costs, fees and expenses of the appeal shall be borne as determined by the Appellate Arbitrators. 25.3 Subject to a party's right to appeal pursuant to the above, neither party shall challenge or resist any enforcement action taken by the party in whose favor the Arbitral Board, or if appealed, the Appellate Arbitrators, decided. Each party acknowledges that it is giving up the right to a trial by jury or court. The Arbitral Board shall have the power to enter temporary restraining orders and preliminary and permanent injunctions. Neither party shall be entitled or permitted to commence or maintain any action in a court of law with respect to any matter in dispute until such matter shall have been submitted to arbitration as herein provided and then only for the enforcement of the Arbitral Board’s award; provided, however, that prior to the appointment of the Arbitral Board or for remedies beyond the jurisdiction of an arbitrator, at any time, either party may apply to seek pendente lite relief in a court of competent jurisdiction for enforcement in Los Angeles County, California or, if sought by SPHE, such other court that may have jurisdiction over Licensee, without thereby waiving its right to arbitration of such awardthe dispute or controversy under this section. In All arbitration proceedings (including proceedings before the event Appellate Arbitrators) shall be closed to the public and confidential and all records relating thereto shall be permanently sealed, except as necessary to obtain court confirmation of the arbitration award. Notwithstanding anything to the contrary herein, Licensee hereby irrevocably waives any right or remedy to seek and/or obtain injunctive or other equitable relief or any order with respect to, and/or to enjoin or restrain or otherwise impair in any manner, the production, distribution, marketing, exhibition or other exploitation of any Dispute pursuant motion picture, production, project or other product related to this SectionSPHE, its parents, subsidiaries and affiliates, or the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred use, publication or dissemination of any advertising in connection with such motion picture, production or project. The provisions of this Section 24 shall supersede any inconsistent provisions of any prior agreement between the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentparties.

Appears in 2 contracts

Samples: Hotel Motion Picture License Agreement, Hotel Motion Picture License Agreement

Governing Law; Arbitration. 5.1 This Agreement is governed by, and shall be governed and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereof. with, English law. 5.2 Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to in connection with this Agreement, or the interpretation, breach, terminationincluding any question regarding its existence, validity or invalidity thereoftermination, shall be referred to and finally resolved by arbitration upon under the demand Rules of either party to the dispute with notice Arbitration (the “Arbitration NoticeRules”) to of the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong London Court of International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC RulesLCIA Court”) in force at the time when the Arbitration Notice is submitted. The seat date of arbitration shall this Agreement, which Rules are deemed to be Hong Kongincorporated by reference to this clause 5. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties Parties agree that one arbitrator shall not be limited nominated by each party for appointment by the LCIA Court in their selection to any prescribed listaccordance with the Rules. The chairman of the HKIAC third arbitrator who shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by act as the chairman of the HKIAC. The arbitral proceedings tribunal, shall be conducted in English. To nominated by agreement of the extent that two party-approved arbitrators within fourteen days of the HKIAC Rules are in conflict with the provisions confirmation of this Section 5.2, including the provisions concerning the appointment of the arbitratorssecond arbitrator, or in default of such agreement, appointed by the LCIA Court. The seat of the arbitration shall be London. The language of this arbitration shall be English. 5.3 The arbitrators shall have the power to grant any legal or equitable remedy or relief available under law, including but not limited to injunctive relief, whether interim and/or final, and specific performance, and any measures ordered by the arbitrators may be specifically enforced by any court of competent jurisdiction. Each Party retains the right to seek interim or provisional measures, including but not limited to injunctive relief and including but not limited to pre-arbitral attachments or injunctions, from any court of competent jurisdiction, and any such request shall not be deemed incompatible with the agreement to arbitrate or a waiver of the right to arbitrate. For the avoidance of doubt, this Section 5.2 shall prevail. The award clause 5 is not intended to limit the powers of the court exercisable in support of arbitration proceedings pursuant to section 44 of the Arbitration Axx 0000 of England. 5.4 In order to facilitate the comprehensive resolution of related disputes, the Parties agree that upon request of any Party to an arbitration pursuant to this clause 5, the arbitral tribunal may, within 90 days of its appointment, consolidate the arbitration with any other arbitration or proposed arbitration involving any of the Parties and relating to this Agreement and/or any other agreement (a “Related Agreement”) for the sale and purchase of any participation interest in the Company other than the Participation Interests executed simultaneously with this Agreement. The arbitral tribunal shall not consolidate such arbitrations unless it determines that (a) there are issues of fact or law common to the arbitrations in question so that a consolidated proceeding would be final and binding upon the parties theretomore efficient than separate proceedings, and the prevailing party may apply to (b) no Party would be prejudiced as a court of competent jurisdiction for enforcement result of such awardconsolidation through undue delay or otherwise. In the event of different rulings on this question by the arbitration of tribunal constituted hereunder and the tribunal constituted under any Dispute pursuant to this SectionRelated Agreement, the losing party ruling of the first formed panel shall control. In the case of the consolidated proceeding, the arbitrators in such arbitration that proceeding shall pay to be appointed by the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentLCIA Court.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Pepsiamericas Inc/Il/), Amendment and Restatement Agreement (Pepsiamericas Inc/Il/)

Governing Law; Arbitration. This Agreement shall be governed interpreted and interpreted construed in accordance with the substantive laws (and not the law of conflicts) of the State of New York without giving and the United States of America with the same force and effect as if fully executed and to the conflicts of law principles thereofbe fully performed therein. Any dispute, CDD and Amazon will attempt to settle any claim or controversy or claim (each, a “Dispute”) arising out of this Agreement through good faith consultation and negotiation (as to substance and/or procedure); provided, however, that if either party determines that such attempts have failed, are likely to fail, such party shall be entitled to commence immediately a Proceeding pursuant to this Section 22. All actions or proceedings arising in connection with, touching upon or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, breach thereof and/or the scope of the provisions of this Article 22 (a “Proceeding”) shall be referred submitted to JAMS (“JAMS”) for binding arbitration upon under its Comprehensive Arbitration Rules and Procedures if the demand of either party to matter in dispute is over $250,000 or under its Streamlined Arbitration Rules and Procedures if the matter in dispute with notice is $250,000 or less (as applicable, the “Arbitration NoticeRules”) to be held solely in Los Angeles, California, U.S.A., in the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) English language in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules provisions herein. Each arbitration shall be conducted by an arbitral tribunal (the “HKIAC RulesArbitral Board”) in force at consisting of a single arbitrator who shall be mutually agreed upon by the time when parties. If the Arbitration Notice is submittedparties are unable to agree on an arbitrator, the arbitrator shall be appointed by JAMS. The seat of arbitration arbitrator shall be Hong Konga retired judge with at least ten (10) years experience in commercial matters. The Arbitral Board shall assess the cost, fees and expenses of the arbitration against the losing party, and the prevailing party in any arbitration or legal proceeding relating to this Agreement shall be entitled to all reasonable expenses (including, without limitation, reasonable attorney’s fees). Notwithstanding the foregoing, the Arbitral Board may require that such fees be borne in such other manner as the Arbitral Board determines is required in order for this arbitration clause to be enforceable under applicable law. The parties shall be entitled to conduct discovery in accordance with Section 1283.05 of the California Code of Civil Procedure, provided that (a) the Arbitral Board must authorize all such discovery in advance based on findings that the material sought is relevant to the issues in dispute and that the nature and scope of such discovery is reasonable under the circumstances, and (b) discovery shall be limited to depositions and production of documents unless the Arbitral Board finds that another method of discovery (e.g., interrogatories) is the most reasonable and cost efficient method of obtaining the information sought. There shall be a record of the proceedings at the arbitration hearing and the Arbitral Board shall issue a Statement of Decision setting forth the factual and legal basis for the Arbitral Board's decision. If neither party gives written notice requesting an appeal within ten (10) Business Days after the issuance of the Statement of Decision, the Arbitral Board's decision shall be final and binding as to all matters of substance and procedure, and may, in the case of enforcement against CDD, be enforced by a petition to the Los Angeles County Superior Court or, in the case of enforcement against Amazon, such other court having jurisdiction over Amazon, which may be made ex parte, for confirmation and enforcement of the award. If either party gives written notice requesting an appeal within ten (10) Business Days after the issuance of the Statement of Decision, the award of the Arbitral Board shall be appealed to three (3) arbitratorsneutral arbitrators (the “Appellate Arbitrators”), each of whom shall have the same qualifications and be selected through the same procedure as the Arbitral Board. The complainant and the respondent to such dispute appealing party shall each select one arbitrator file its appellate brief within thirty (30) days after giving or receiving its written notice requesting the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, appeal and the parties other party shall file its brief within thirty (30) days thereafter. The Appellate Arbitrators shall thereupon review the decision of the Arbitral Board applying the same standards of review (and all of the same presumptions) as if the Appellate Arbitrators were a New York State Supreme Court, Appellate Division reviewing a judgment of the New York State Supreme Court, except that the Appellate Arbitrators shall in all cases issue a final award and shall not be limited in their selection remand the matter to any prescribed listthe Arbitral Board. The chairman decision of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal Appellate Arbitrators shall be final and binding upon the parties theretoas to all matters of substance and procedure, and may, in the prevailing case of enforcement against CDD, be enforced by a petition to the Los Angeles County Superior Court or, in the case of enforcement against Amazon, such other court having jurisdiction over Amazon, which may be made ex parte, for confirmation and enforcement of the award. The party appealing the decision of the Arbitral Board shall pay all costs and expenses of the appeal, including the fees of the Appellate Arbitrators and the reasonable outside attorneys' fees of the opposing party, unless the decision of the Arbitral Board is reversed, in which event the costs, fees and expenses of the appeal shall be borne as determined by the Appellate Arbitrators. Subject to a party’s right to appeal pursuant to the above, neither party shall challenge or resist any enforcement action taken by the party in whose favor the Arbitral Board, or if appealed, the Appellate Arbitrators, decided. Each party acknowledges that it is giving up the right to a trial by jury or court. The Arbitral Board shall have the power to enter temporary restraining orders and preliminary and permanent injunctions. Neither party shall be entitled or permitted to commence or maintain any action in a court of law with respect to any matter in dispute until such matter shall have been submitted to arbitration as herein provided and then only for the enforcement of the Arbitral Board’s award; provided, however, that prior to the appointment of the Arbitral Board or for remedies beyond the jurisdiction of an arbitrator, at any time, either party may apply to seek pendente lite relief in a court of competent jurisdiction, if sought by CDD, in Los Angeles County, California or, if sought by Amazon, such other court that may have jurisdiction for enforcement over Amazon, without thereby waiving its right to arbitration of such awardthe dispute or controversy under this section. In All arbitration proceedings (including proceedings before the event Appellate Arbitrators) shall be closed to the public and confidential and all records relating thereto shall be permanently sealed, except as necessary to obtain court confirmation of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentaward.

Appears in 2 contracts

Samples: Distribution Agreement, Distribution Agreement

Governing Law; Arbitration. (a) This Agreement shall be governed by and interpreted construed for all purposes under and in accordance with the laws Laws of the State of New York Hong Kong without giving effect thereof to the conflicts principles of law principles thereof. conflict of laws. (b) Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall first be referred subject to resolution through consultation of the parties to such dispute, controversy or claim. Such consultation shall begin within seven (7) days after one Party hereto has delivered to the other Parties involved a written request for such consultation. If within thirty (30) days following the commencement of such consultation the dispute cannot be resolved, the dispute shall be submitted to arbitration upon the demand request of either party any Party with notice to the dispute with notice other Parties. (the “Arbitration Notice”c) to the other. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong). There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”)arbitration. Such arbitrators shall be freely selected, and the parties Parties shall not be limited in their selection to any prescribed list. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice Law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within thirty (30) days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. . (d) The arbitral arbitration proceedings shall be conducted in EnglishChinese. To The arbitration tribunal shall apply the extent that Arbitration Rules of the HKIAC Rules in effect at the time of the arbitration. However, if such rules are in conflict with the provisions of this Section 5.29.13, including the provisions concerning the appointment of the arbitrators, the provisions of this Section 5.2 9.13 shall prevail. ; (e) The arbitrators shall decide any dispute submitted by the parties to the arbitration strictly in accordance with the substantive Law of Hong Kong and shall not apply any other substantive law. (f) Each Party hereto shall cooperate with any party to the dispute in making full disclosure of and providing complete access to all information and documents requested by such party in connection with such arbitration proceedings, subject only to any confidentiality obligations binding on the Party receiving the request. (g) The award of the arbitral arbitration tribunal shall be final and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In . (h) Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 2 contracts

Samples: Series F Preferred Share Purchase Agreement (Qiniu Ltd.), Series F Preferred Share Purchase Agreement (Qiniu Ltd.)

Governing Law; Arbitration. (a) This Agreement letter agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York applicable to contracts made and to be performed within the State of New York, without giving effect regard to principles of conflict of laws to the conflicts extent that such principles would require or permit the application of law principles thereof. the laws of another jurisdiction. (b) Any dispute, claim or controversy or claim (each, a “Dispute”) arising out of of, relating to, or relating to in connection with this Agreementcontract, or the interpretation, breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope or invalidity thereofapplicability of this letter agreement to arbitrate, shall be referred to finally determined by arbitration. The arbitration upon shall be administered by JAMS. If the demand of either party to disputed claim or counterclaim exceeds $250,000, not including interest or attorneys’ fees, the dispute with notice JAMS Comprehensive Arbitration Rules and Procedures (the Arbitration NoticeJAMS Comprehensive Rules”) to in effect at the othertime of the arbitration shall govern the arbitration, except as they may be modified herein or by mutual written agreement of the parties. If no disputed claim or counterclaim exceeds $250,000, not including interest or attorneys’ fees, the JAMS Streamlined Arbitration Rules and Procedures (“JAMS Streamlined Rules”) in effect at the time of the arbitration shall govern the arbitration, except as they may be modified herein or by mutual written agreement of the parties. (c) The seat of the arbitration shall be New York, New York. The Dispute parties submit to jurisdiction in the state and federal courts of the State of New York for the limited purpose of enforcing this agreement to arbitrate. (d) The arbitration shall be settled conducted by arbitration in Hong Kong by one neutral arbitrator unless the Hong Kong International Arbitration Centre (parties agree otherwise. The parties agree to seek to reach agreement on the “HKIAC”) identity of the arbitrator within thirty days after the initiation of arbitration. If the parties are unable to reach agreement on the identity of the arbitrator within such time, then the appointment of the arbitrator shall be made in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules process set forth in JAMS Comprehensive Rule 15. (the “HKIAC Rules”e) in force at the time when the Arbitration Notice is submitted. The seat of arbitration award shall be Hong Kong. There shall be three (3) arbitrators. The complainant and in writing, state the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving reasons for the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedaward, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon on the parties. The arbitrator may, in the award, allocate all or part of the costs of the arbitration, including the fees of the arbitrator and the attorneys’ fees of the prevailing party. Judgment on the award may be entered by any court having jurisdiction thereof or having jurisdiction over the relevant party or its assets. Notwithstanding applicable state law, the arbitration and this agreement to arbitrate shall be governed by the Federal Arbitration Act, 9 U.S.C. § 1, et seq. (f) The parties theretoagree that the arbitration shall be kept confidential and that the existence of the proceeding and any element of it (including but not limited to any pleadings, briefs or other documents submitted or exchanged, any testimony or other oral submissions, and any awards) shall not be disclosed beyond the prevailing party may apply tribunal, JAMS, the parties, their counsel, accountants and auditors, insurers and re-insurers, and any person necessary to a court of competent jurisdiction for enforcement of such award. In the event conduct of the arbitration proceeding. The confidentiality obligations shall not apply (i) if disclosure is required by law or applicable legal process, or in judicial or administrative proceedings, or (ii) as far as disclosure is necessary to enforce the rights arising out of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentaward.

Appears in 2 contracts

Samples: Management Agreement (Unistrut International Holdings, LLC), Management Agreement (Unistrut International Holdings, LLC)

Governing Law; Arbitration. (a) This Agreement Agreement, including, without limitation, its existence, validity, construction, and operating effect, and the rights of each of the parties hereto, shall be governed by and interpreted construed in accordance with the laws of the State of New York Delaware without giving effect regard to the otherwise governing principles of conflicts of law principles thereof. Any law. (b) Except as otherwise expressly provided herein, any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to in connection with this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereof, thereof (“Dispute”) shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled finally resolved by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Commercial Arbitration Rules of the American Arbitration Association (“AAA”) then in effect (the “HKIAC Rules”) in force at ), except as modified herein and such arbitration shall be administered by the time when the Arbitration Notice is submittedAAA. The seat place of arbitration shall be Hong Kong. New York, New York. (c) There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator who shall be agreed upon by the parties within thirty twenty (3020) days after giving or receiving of receipt by respondent of a copy of the demand for arbitration (arbitration. If any arbitrator is not appointed within the “Selection Period”). Such arbitrators time limit provided herein, such arbitrator shall be freely selectedappointed by the AAA in accordance with the listing, striking and ranking procedure in the parties Rules, with each party being given a limited number of strikes, except for cause. Any arbitrator appointed by the AAA shall be a retired judge or a practicing attorney with no less than fifteen years of experience with corporate matters and an experienced arbitrator. In rendering an award, the arbitrator shall be required to follow the laws of the state of Delaware. (d) The award shall be in writing and shall briefly state the findings of fact and conclusions of law on which it is based. The arbitrator shall not be limited in their selection permitted to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Periodaward punitive, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailmultiple or other non-compensatory damages. The award of the arbitral tribunal shall be final and binding upon the parties theretoand shall be the sole and exclusive remedy between the Parties regarding any claims, counterclaims, issues or accounting presented to the arbitrator. Judgment upon the award may be entered in any court having jurisdiction over any Party or any of its Assets. Any costs or fees (including, without limitation, attorneys’ fees and expenses) incident to enforcing the prevailing award shall be charged against the Party resisting such enforcement. (e) All Disputes shall be resolved in a confidential manner. The arbitrator shall agree to hold any information received during the arbitration in the strictest of confidence and shall not disclose to any non-party the existence, contents or results of the arbitration or any other information about such arbitration. The parties to the arbitration shall not disclose any information about the evidence adduced or the documents produced by the other party in the arbitration proceedings or about the existence, contents or results of the proceeding except as may apply to a court be required by law, regulatory or governmental authority or as may be necessary in an action in aid of competent jurisdiction arbitration or for enforcement of such an arbitral award. In Before making any disclosure permitted by the event preceding sentence (other than private disclosure to financial regulatory authorities), the Party intending to make such disclosure shall use reasonable efforts to give the other Party reasonable written notice of the arbitration intended disclosure and afford the other Party a reasonable opportunity to protect its interests. (f) Barring extraordinary circumstances (as determined in the sole discretion of any Dispute pursuant the arbitrator), discovery shall be limited to this Section, the losing party pre-hearing disclosure of documents that each side will present in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration support of such Disputeits case, and non-privileged documents essential to a matter of import in the arbitration orderproceeding for which a Party has demonstrated a substantial need. The Parties agree that they will produce to each other all such requested non-privileged documents, except documents objected to and with respect to which a ruling has been or award shall contain a specific provision providing for such paymentbe sought from the arbitrator. There will be no depositions.

Appears in 2 contracts

Samples: Master Separation Agreement (Moelis & Co), Master Separation Agreement (Moelis & Co)

Governing Law; Arbitration. This Agreement shall be governed has been executed and interpreted delivered in accordance with the laws of the State of New York without giving effect to and its validity, interpretation, performance and enforcement shall be governed by the conflicts internal laws of law principles thereofthat state. Any disputecontroversy, controversy dispute or claim (each, a “Dispute”) arising out of or relating to this Agreement, Agreement or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall breach hereof which cannot be settled by mutual agreement (other than with respect to violations of the Restrictive Covenants for which the Company may, but shall not be required to, seek injunctive relief) shall be finally settled by binding arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Federal Arbitration Centre Administered Act (or if not applicable, the applicable state arbitration law) as follows: Any party who is aggrieved shall deliver a notice to the other party setting forth the specific points in dispute. Any points remaining in dispute twenty (20) days after the giving of such notice may be submitted to arbitration in New York, New York, to the American Arbitration Rules Association, before a single arbitrator appointed in accordance with the arbitration rules of the American Arbitration Association, modified only as herein expressly provided. After the aforesaid twenty (20) days, either party, upon ten (10) days notice to the “HKIAC Rules”) other, may so submit the points in force at the time when the Arbitration Notice is submitteddispute to arbitration. The seat arbitrator may enter a default decision against any party who fails to participate in the arbitration proceedings. The decision of the arbitrator on the points in dispute shall be final, unappealable and binding, and judgment on the award may be entered in any court having jurisdiction thereof. The expenses of the arbitration shall be Hong Kongborne by the Company and the Company shall bear its own legal fees and expenses and pay, at least monthly, all of the Executive’s reasonable legal fees and expenses incurred in connection with such arbitration regardless of the outcome, except that the Executive shall have to reimburse the Company for his reasonable legal fees and expenses if the arbitrator finds that the Executive brought an action in bad faith. There The parties agree that this Section V has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this Section V shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand grounds for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to dismissal of any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If court action commenced by either party with respect to the this Agreement, other than post-arbitration fails actions seeking to appoint enforce an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such arbitration award. In the event of that any court determines that this arbitration procedure is not binding, or otherwise allows any litigation regarding a dispute, claim, or controversy covered by this Agreement to proceed, the arbitration parties hereto hereby waive any and all right to a trial by jury in or with respect to such litigation. The parties shall keep confidential, and shall not disclose to any person, except as may be required by law, the existence of any Dispute pursuant to this Sectioncontroversy hereunder, the losing party in referral of any such controversy to arbitration shall pay to or the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling status or award shall contain a specific provision providing for such paymentresolution thereof.

Appears in 2 contracts

Samples: Employment Agreement (Realogy Corp), Employment Agreement (Cendant Corp)

Governing Law; Arbitration. This Agreement shall (a) ALL CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY RELATED GOOGLE PRODUCTS OR SERVICES (INCLUDING ANY DISPUTE REGARDING THE INTERPRETATION OR PERFORMANCE OF THE AGREEMENT) ("Dispute") WILL BE GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA, USA, EXCLUDING CALIFORNIA'S CONFLICTS OF LAWS RULES. (b) The parties will try in good faith to settle any Dispute within 30 days after the Dispute arises. If the Dispute is not resolved within 30 days, it must be governed and interpreted in accordance with resolved by arbitration under the laws Arbitration Rules of the State London Court of New York without giving effect International Arbitration (LCIA) ("Rules"), which Rules are deemed to the conflicts of law principles thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating be incorporated by reference to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice Section. (the “Arbitration Notice”c) to the otherThe parties will mutually select one arbitrator. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall will be conducted in EnglishEnglish and the place and the legal seat of the arbitration will be the Dubai International Financial Center, DIFC, Dubai UAE. (d) Either party may apply to any competent court for injunctive relief necessary to protect its rights pending resolution of the arbitration. To the extent that the HKIAC Rules are in conflict The arbitrator may order equitable or injunctive relief consistent with the provisions of this Section 5.2, including remedies and limitations in the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. Agreement. (e) The arbitral award of the arbitral tribunal shall will be final and binding upon on the parties theretoand its execution may be presented in any competent court, including any court with jurisdiction over either party or any of its property. (f) Any arbitration proceeding conducted in accordance with this Section 14.12 (Governing Law; Arbitration) will be considered Confidential Information under Section 7 (Confidential Information), including: (i) the existence of, (ii) any information disclosed during, and (iii) any oral communications or documents related to, the prevailing party may apply to a court of competent jurisdiction for enforcement of such awardarbitration proceedings. In addition to the event of the arbitration of any Dispute pursuant to this Sectiondisclosure rights under Section 7 (Confidential Information), the losing party parties may disclose the information described in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such payment.this Subsection 14.12

Appears in 1 contract

Samples: Google Cloud Platform Terms of Service for G Cloud 14

Governing Law; Arbitration. Waiver of Sovereign Immunity ---------------------------------------------------------- (a) This Agreement shall be governed by, and interpreted construed in accordance with with, the laws of the State of New York without giving effect to the conflicts of law principles thereof. Norway. (b) Any disputeand all disputes and controversies arising under, controversy or claim (each, a “Dispute”) arising out of or relating to or in connection with this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute Agreement shall be settled by arbitration by a panel of three (3) arbitrators under the United Nations Commission on International Trade Law (UNCITRAL) Arbitration Rules in Hong Kong by the Hong Kong International Arbitration Centre force (the “HKIAC”"UNICITRAL Rules") in accordance with the Hong Kong International Arbitration Centre Administered Arbitration following terms and conditions: (i) In the event of any conflict between the UNCITRAL Rules and the provisions of this Agreement, the provisions of this Agreement shall prevail. (ii) Either party to this Agreement may refer a matter to arbitration by written notice to the “HKIAC Rules”other party. (iii) in force at The place of the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There Stockholm, Sweden. (iv) The claimant party shall be three appoint one (31) arbitrators. The complainant arbitrator and the respondent to such dispute party shall each select appoint one arbitrator within thirty (301) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedarbitrator, and the parties two (2) arbitrators so appointed shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select appoint the third arbitrator, in accordance with the UNCITRAL Rules. If either party In the event of an inability to agree on a third arbitrator, the appointing authority shall be the Arbitration Institute of the Sweden Chamber of Commerce, Stockholm. (v) The English language shall be used as the written and spoken language for the arbitration fails and all matters connected with all references to appoint an arbitrator with arbitration. (vi) The decision of the Selection Period, the relevant appointment arbitrators shall be made by the chairman majority vote and shall be in writing. (vii) The decision of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal arbitrators shall be final and binding upon on the parties theretoto this Agreement, and save in the prevailing party event of fraud, manifest mistake or failure by any of the arbitrators to disclose any conflict of interest. (viii) The decision of the arbitrators may apply to a be enforced by any court of competent jurisdiction for enforcement and may be executed against the Person and assets of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in any jurisdiction. (c) In the event any dispute is submitted to arbitration pursuant to Section 5.02(b), the panel of arbitrators may, if it deems such award appropriate, award a party costs and expenses incurred by such party in enforcing its rights. Except as so awarded, each party shall bear its own costs and expenses of enforcing its rights to arbitrate under this Section 5.02. (d) Except for arbitration proceedings pursuant to Section 5.02(b) above, no action, lawsuit or other proceeding (other than a proceeding to compel arbitration or to enforce any arbitration decision) shall pay be brought by or between the parties to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred this Agreement and/or any of their affiliates in connection with any matter arising out of or in connection with this Agreement. (e) Telenor hereby represents and warrants that it is acting solely in its commercial capacity in executing and delivering this Agreement and each of the arbitration of such Disputeother Principal Agreements to which it is a party and in performing its obligations hereunder and thereunder, and Telenor hereby irrevocably waives with respect to all disputes, claims, controversies and all other matters of any nature whatsoever that may arise under or in connection with this Agreement or any of the arbitration orderother Principal Agreements and any other document or instrument contemplated hereby or thereby, ruling all immunity it may otherwise have as a sovereign, quasi-sovereign or award shall contain a specific provision providing for such paymentstate-owned entity (or similar entity) from any and all proceedings (whether legal, equitable, arbitral, administrative or otherwise), attachment of assets, or enforceability of judicial or arbitral awards.

Appears in 1 contract

Samples: Guarantee Agreement (Telenor East Invest As)

Governing Law; Arbitration. This Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York applicable to contracts made in New York by persons domiciled in New York City and without giving effect regard to the its principles of conflicts of law principles thereoflaws. Any dispute, controversy dispute under this Agreement or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, any Exhibit attached hereto shall be referred submitted to arbitration upon under the demand of either party to the dispute with notice American Arbitration Association (the “Arbitration Notice”"AAA") to the other. The Dispute in New York City, New York, and shall be settled by arbitration in Hong Kong finally and conclusively determined by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat decision of a board of arbitration shall be Hong Kong. There shall be consisting of three (3) arbitratorsmembers (hereinafter referred to as the "Board of Arbitration") selected as according to the rules governing the AAA. The complainant Board of Arbitration shall meet on consecutive business days in New York City, New York, and shall reach and render a decision in writing (concurred in by a majority of the respondent members of the Board of Arbitration) with respect to such dispute the amount, if any, which the losing party is required to pay to the other party in respect of a claim filed. In connection with rendering its decisions, the Board of Arbitration shall each select one arbitrator within adopt and follow the laws of the State of New York. To the extent practical, decisions of the Board of Arbitration shall be rendered no more than thirty (30) calendar days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listfollowing commencement of proceedings with respect thereto. The chairman Board of Arbitration shall cause its written decision to be delivered to all parties involved in the HKIAC shall select the third arbitratordispute. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be Any decision made by the chairman Board of Arbitration (either prior to or after the HKIACexpiration of such thirty (30) calendar day period) shall be final, binding and conclusive on the parties to the dispute, and entitled to be enforced to the fullest extent permitted by law and entered in any court of competent jurisdiction. The arbitral proceedings Board of Arbitration shall be conducted authorized and is hereby directed to enter a default judgment against any party failing to participate in English. To any proceeding hereunder within the extent that time periods set forth in the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailAAA rules. The award non-prevailing party to any arbitration (as determined by the Board of Arbitration) shall pay the arbitral tribunal shall be final and binding upon the parties thereto, and expenses of the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ attorney's fees) incurred , in connection with the arbitration of such Dispute, and the arbitration order, ruling or award arbitration. Any party shall contain be entitled to obtain injunctive relief from a specific provision providing for court in any case where such payment.relief is available. ARTICLE XI

Appears in 1 contract

Samples: Debenture and Warrant Purchase Agreement (Brilliant Digital Entertainment Inc)

Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereof. Any dispute(a) THIS LIMITED GUARANTY SHALL BE DEEMED TO BE MADE IN AND IN ALL RESPECTS SHALL BE INTERPRETED, controversy CONSTRUED AND GOVERNED BY AND IN ACCORDANCE WITH THE LAWS OF THE STATE OF MARYLAND WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF. (b) All disputes, controversies or claim (eachclaims based on, a “Dispute”) arising out of or relating to this Agreement, Limited Guaranty or the interpretation, breach, termination, termination or validity or invalidity thereof, thereof (“Disputes”) shall be referred to arbitration upon the demand of either party resolved exclusively according to the dispute with notice procedures set forth in this Section 12 through binding arbitration pursuant to the Commercial Arbitration Rules and the Procedures for Complex Cases of the American Arbitration Association (“AAA”) then in effect (the “Arbitration NoticeRules): (i) The arbitration demand shall be delivered to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) AAA and respondents in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration A single, neutral arbitrator shall be Hong Kongselected by the joint agreement of all the parties, but if they do not so agree within fifteen (15) days of receipt by respondent(s) of a copy of the arbitration demand, the following procedures shall apply. There Each party shall be three (3) arbitrators. The complainant appoint one neutral and the respondent to such dispute shall each select one impartial arbitrator within thirty (30) days after giving or receiving of receipt by respondent of a copy of the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedarbitration, and the parties arbitrators so appointed shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman within fifteen (15) days of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitratorsfinal arbitrator, this Section 5.2 who shall prevailserve as the arbitrator of the Dispute. Any arbitrators not timely selected shall be appointed by the AAA in accordance with the Rules. Any arbitrator appointed by the AAA shall be a practicing attorney admitted for at least fifteen (15) years, with significant experience as an arbitrator of large, complex commercial cases, or be a retired federal judge. In addition, if practicable, any arbitrator appointed by the AAA shall have experience with mergers and acquisitions involving public companies. The arbitrator shall have a conference with the parties within ten (10) days of appointment and shall design and implement a schedule for the prompt and fair adjudication of the Dispute. The hearing shall be held as soon as possible, if practicable, no later than ninety (90) days after the appointment of the arbitrator. The arbitrator may extend any time limit contained herein for good cause shown. The award of the arbitral tribunal arbitrator shall be made in a written opinion. (ii) This provision for arbitration shall be specifically enforceable by the parties and the decision of the arbitrator in accordance herewith shall be final and binding upon on the parties theretoand there shall be no right of appeal therefrom, except in accordance with the provisions of the Federal Arbitration Act, 9 U.S.C. § 1, et seq. The arbitrator shall be instructed to adhere to and be bound by the terms of this Limited Guaranty (including, without limitation, provisions relating to confidentiality) and Maryland law and may not limit, expand or otherwise modify the terms of this Limited Guaranty. The arbitrator shall be empowered to (a) determine the scope of his jurisdiction and all questions relating to the amenability of a Dispute to arbitration under this Limited Guaranty, whether or not arbitration is the exclusive method of dispute resolution, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event authority of the arbitration arbitrator to make any award, and (b) award equitable relief of any Dispute pursuant to this Sectionnature, including, without limitation, the losing party types of remedies described elsewhere in this Section 12. (iii) Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof, and if the award of the arbitrator includes equitable relief, the judgment may include an order or injunction for such arbitration equitable relief. (iv) Each party’s costs and expenses of arbitration, including attorneys’ fees and expenses of the arbitrator, shall pay to be borne entirely by that party; however, at the discretion of the arbitrator, all or a portion of the prevailing party all party’s costs and expenses and fees (including reasonable attorneys’ fees) incurred shall be reimbursed to it by the non-prevailing party or parties; provided, that the maximum amount payable by Parent or Company in connection with respect of the foregoing reimbursement of expenses plus the payment of any fees and expenses pursuant to Section 8.5 or this Limited Guaranty shall not exceed the amount of the Intentional Breach Fee. The arbitrator shall not be permitted to award punitive or similar non-compensatory damages under any circumstances. (v) The place of arbitration shall be New York, New York. The language of the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentbe English.

Appears in 1 contract

Samples: Limited Guaranty (Life Sciences Research Inc)

Governing Law; Arbitration. (a) This Agreement and its validity, construction and performance shall be governed and interpreted in accordance with all respects by the laws of the State of New York Colorado, U.S.A., without giving effect to the principles of conflicts of law principles thereof. Any disputelaw. (b) In the event of any claim, dispute or controversy or claim (each, a “Dispute”) of any nature between the Purchaser and the Shareholders arising out of or relating to in connection with this Agreement, or the interpretationnegotiation, breachexecution, terminationdelivery, validity performance, nonperformance or invalidity thereofbreach thereof (a "Dispute"), the Purchaser and any Shareholder shall be referred consult and negotiate with each other in good faith and otherwise use their respective commercially reasonable efforts to arbitration settle such Dispute within a 45-day period after the Dispute first arises. If the Dispute is not resolved or settled within such 45-day period then, upon the demand of written notice by either party to the dispute with notice (other, the “Arbitration Notice”) to the other. The Dispute shall be settled resolved by binding arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) New York, New York in accordance with Title 9 of the Hong Kong International Arbitration Centre Administered U.S. Code and the Commercial Arbitration Rules of the American Arbitration Association ("AAA"), as they may be amended from time to time and as modified by this Agreement or decision of a majority of the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and parties to this Agreement intend that arbitration be the respondent sole remedy available as to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for matters arbitrable hereunder. An arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made award rendered by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal arbitrators shall be final and binding upon on the parties theretoto this Agreement and may be filed with any court having jurisdiction over the parties or their property as a basis of declaratory or other judgment and of the issuance of execution. (c) Unless otherwise agreed, any party requesting arbitration hereunder shall do so within 45 days after the expiration of 45-day negotiation period, and failure by either party to request arbitration within such period shall thereafter bar such Dispute in any forum whatsoever. When a party timely requests arbitration hereunder, the Dispute shall be resolved by a panel of three neutral arbitrators to be selected as follows: the party requesting the arbitration shall, incident to giving the notice of arbitration, also notify the other party of the name of an arbitrator selected from a list of qualified persons supplied by the AAA, and the prevailing other party may apply to a court of competent jurisdiction for enforcement shall, within 20 days after receipt of such award. In notice, notify the event party requesting arbitration of the arbitration name of any Dispute pursuant to this Sectionan arbitrator it has selected from such list. The two arbitrators shall, within 20 days after notification of the losing identity of the second arbitrator, choose a third arbitrator. Except as otherwise determined by the arbiters, each party in such arbitration shall pay to the prevailing fees and expenses of the arbitrator selected by it and one-half of the reasonable fees and expenses of the third arbitrator. All fees and expenses of each party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration shall be paid as determined by the arbitrators. (d) The Commercial Arbitration Rules of such Disputethe AAA and decisions by a majority of the arbitration panel shall determine the rules governing admissibility of evidence and the rules of procedure and discovery. The action of a majority of the arbitration panel shall govern all actions by the panel, and the arbitrators shall render their decision promptly but in no event more than 60 days after the conclusion of submission of evidence. The arbitration order, ruling or award shall contain be in writing and shall specify factual and legal basis for the award. The arbitration panel shall have the authority to award any remedy or relief that a court of the State of New York could order or grant, including specific provision providing for such paymentperformance of any obligation created under the Agreement, issuance of an injunction or money damages. (e) It is expressly agreed that either party may seek injunctive relief or specific performance of the obligations hereunder in an appropriate court of law or equity pending an award in arbitration.

Appears in 1 contract

Samples: Stock Purchase Agreement (Medical Device Manufacturing, Inc.)

Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with by the laws of the State [***]*. Prior to engaging in any formal dispute resolution with respect to any dispute, controversy or claim arising out of New York without giving effect or in relation to this Agreement or the conflicts breach, termination or invalidity thereof (each, a "Dispute"), the Chief Executive Officers of law principles thereofthe respective parties shall attempt for a period not less than sixty (60) days to resolve such Dispute. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating in relation to this Agreement, Agreement or the interpretation, breach, termination, validity termination or invalidity thereof, that cannot be settled amicably by agreement of the parties pursuant to the preceding sentence, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be finally settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) New York City, New York, USA, in accordance with the Hong Kong International arbitration rules of the American Arbitration Centre Administered Arbitration Rules Association ("AAA"), then in force, by one or more arbitrators appointed in accordance with said rules, provided that the “HKIAC Rules”appointed arbitrators shall have appropriate experience in the biopharmaceutical industry; provided, however, that arbitration proceedings may not be instituted until the party alleging breach of this Agreement by the other party has given the other party not less than sixty (60) days notice (or, in force at the time when the Arbitration Notice is submitted. The seat event of arbitration shall be Hong Kong. There shall be three any alleged failure to make payments due hereunder, not less than fourteen (314) arbitrators. The complainant days notice) to remedy any alleged breach and the respondent other party has failed to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevaildo so. The award of the arbitral tribunal rendered shall be final and binding upon both parties. The judgment rendered by the arbitrator(s) shall include costs of arbitration, reasonable attorneys' fees and reasonable costs for any expert and other witnesses. Nothing in this Agreement shall be deemed as preventing either party from seeking injunctive relief (or any other provisional remedy) from any court having jurisdiction over the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event subject matter of the arbitration dispute as necessary to protect either party's name, proprietary information, trade secrets, know-how or any other proprietary rights. Judgment upon the award may be entered in any court having jurisdiction, or application may be made to such court for judicial acceptance of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to award and/or an order of enforcement as the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentcase may be.

Appears in 1 contract

Samples: License and Collaborative Research Agreement (Corixa Corp)

Governing Law; Arbitration. (a) This Agreement shall be governed construed, and interpreted the legal relations between the parties hereto shall be determined, in accordance with the laws of the United States of America and the State of New York Delaware, as such laws apply to contracts signed and fully performed in such state without giving effect regard to the principles of conflicts of law principles laws thereof. . (b) Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity breach thereof, which cannot be settled amicably shall be referred to determined by final and binding arbitration upon administered by the demand of either party to the dispute with notice American Arbitration Association (the Arbitration NoticeAAA”) to the otherunder its Commercial Arbitration Rules and Mediation Procedures then in effect (“Commercial Rules”). The Dispute award rendered by the Arbitrators shall be settled by arbitration final, non-reviewable, non-appealable and binding on the parties and may be entered and enforced in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration any court having jurisdiction; provided, however, that any such determination shall be Hong Kongaccompanied by a written opinion of the Arbitrators giving the reasons for the determination. There shall be three arbitrators (3) arbitratorsthe “Arbitrators”). The complainant parties agree that one Arbitrator shall be jointly appointed by the Investors and one Arbitrator by the respondent to such dispute shall each select one arbitrator Company within thirty ten (3010) days after giving or receiving of receipt by the demand applicable respondent of a request for arbitration (or, in default thereof, appointed by the “Selection Period”AAA in accordance with its Commercial Rules). Such arbitrators shall be freely selected, and the parties third presiding Arbitrator shall not be limited in their selection to any prescribed list. The chairman appointed by agreement of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman two party-appointed Arbitrators within fifteen (15) days of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitratorssecond Arbitrator or, in default of such agreement, by the AAA. If more than one arbitration is commenced under this Section 5.2 Agreement and any party contends that two or more arbitrations are substantially related and that the issues should be heard in one proceeding, the Arbitrators selected in the first-filed proceeding shall prevaildetermine whether, in the interests of justice and efficiency, the proceedings should be consolidated before those Arbitrators. The award seat or place of arbitration shall be New York, New York. Except as may be required by law, neither a party nor the Arbitrators may disclose the existence, content or results of any arbitration without the prior written consent of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this SectionAgreement, the losing party in such arbitration shall pay unless to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling protect or award shall contain pursue a specific provision providing for such paymentlegal right.

Appears in 1 contract

Samples: Investment Agreement (Crossroads Systems Inc)

Governing Law; Arbitration. This All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts any choice or conflict of law principles provision or rule thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 7(c). There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within 30 days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 1 contract

Samples: Share Subscription Agreement (Tencent Holdings LTD)

Governing Law; Arbitration. (a) This Agreement shall be governed by, and interpreted construed in accordance with with, the laws Laws of the State of New York applicable to contracts executed in and to be performed in that state without giving effect to the conflicts any choice or conflict of law principles thereof. Any dispute, controversy provision or claim rule that would cause the application of the law of any jurisdiction other than the State of New York. (each, a “Dispute”b) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, The Parties hereto agree that binding arbitration shall be referred the sole means of resolving any claim or dispute under this Agreement or under any other agreement or document to be delivered in connection with the Contemplated Transactions. Such arbitration upon the demand shall be conducted by a panel of either party three arbitrators selected pursuant to the dispute with notice (then-current Commercial Rules of the American Arbitration Notice”) Association at a time and place mutually agreeable to the other. The Dispute Parties and the arbitrators within New York, New York; shall be settled by arbitration in Hong Kong non-appealable; shall be determined by the Hong Kong International Arbitration Centre (the “HKIAC”) arbitrators in accordance with the Hong Kong International rules of the American Arbitration Centre Administered Arbitration Association; and the normal rules of evidence contained in the Federal Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedof Civil Procedure shall apply to such proceeding. The seat arbitrators shall be required to render a written opinion upon which their award is based upon the reasonable request of any party to such proceeding. The award of the arbitrators may be filed in any court as a judgment, including any state or federal court within the State of New York. The costs of such arbitration shall be Hong Kongshared equally between Purchaser and Seller and each shall pay its own counsel fees unless the arbitrators shall otherwise specifically determine as part of their award. There shall be three (3) arbitrators. The complainant and the respondent If either Party fails to such dispute shall each select one arbitrator honor or pay any arbitration award within thirty (30) days after giving or receiving calendar days, the demand for arbitration (the “Selection Period”). Such arbitrators other shall be freely selected, and the parties shall not be limited in their selection entitled to any prescribed list. The chairman interest from such date as part of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for court’s enforcement of such award. In the event Prior to commencement of the arbitration of arbitration, emergency relief is available from any Dispute pursuant court to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentavoid irreparable harm.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Newtek Business Services Corp.)

Governing Law; Arbitration. This Agreement shall (a) ALL CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY RELATED GOOGLE PRODUCTS OR SERVICES (INCLUDING ANY DISPUTE REGARDING THE INTERPRETATION OR PERFORMANCE OF THE AGREEMENT) ('Dispute') WILL BE GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA, USA, EXCLUDING CALIFORNIA'S CONFLICTS OF LAWS RULES. (b) The parties will try in good faith to settle any Dispute within 30 days after the Dispute arises. If the Dispute is not resolved within 30 days, it must be governed resolved by arbitration under the Arbitration Rules of the London Court of International Arbitration (LCIA) ('Rules'), which Rules are deemed to be incorporated by reference to this Section. (c) The parties will mutually select one arbitrator. The arbitration will be conducted in English and interpreted the place and the legal seat of the arbitration will be the Dubai International Financial Center, DIFC, Dubai UAE. (d) Either party may apply to any competent court for injunctive relief necessary to protect its rights pending resolution of the arbitration. The arbitrator may order equitable or injunctive relief consistent with the remedies and limitations in the Agreement. (e) The arbitral award will be final and binding on the parties and its execution may be presented in any competent court, including any court with jurisdiction over either party or any of its property. (f) Any arbitration proceeding conducted in accordance with this Section 15.12 (Governing law; arbitration) will be considered Confidential Information under Section 7 (Confidential information), including: (i) the existence of, (ii) any information disclosed during and (iii) any oral communications or documents related to, the arbitration proceedings. In addition to the disclosure rights under Section 7 (Confidential information), the parties may disclose the information described in this Subsection 15.12 (f) to a competent court as may be necessary to execute any arbitral decision, but the parties must request that those judicial proceedings be conducted in camera (in private). (g) The parties will pay the arbitrator's fees, the arbitrator's appointed experts' fees and expenses and the arbitration centre's administrative expenses in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereofRules. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection PeriodIn its final decision, the relevant appointment shall be made arbitrator will determine the non-prevailing party's obligation to reimburse the amount paid in advance by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event these fees. (h) Each party will bear its own lawyers' and experts' fees and expenses, regardless of the arbitration of any Dispute pursuant arbitrator's final decision regarding the Dispute. Section 15.19 (Definitions) is changed to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees Section 15.20 (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such payment.Definitions). A new Section 15.19 is added:

Appears in 1 contract

Samples: Google Workspace Terms of Service

Governing Law; Arbitration. This All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts any choice or conflict of law principles provision or rule thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 9(c). There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) 30 days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within 30 days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party hereto shall cooperate with any party to the dispute in making full disclosure of and providing complete access to all information and documents requested by such party in connection with such arbitration proceedings, subject only to any confidentiality obligations binding on the party receiving the request. Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 1 contract

Samples: Investment Agreement (AutoNavi Holdings LTD)

Governing Law; Arbitration. (a) This Agreement shall be governed and interpreted construed in accordance with the laws of the State Commonwealth of New York Pennsylvania, United States of America, exclusive of any conflicts of laws principles. (b) All Actions arising out of or relating to this Agreement shall be heard and determined exclusively pursuant to Sections 5.06(c) or 5.06(d), at the option of the party instituting the controversy or claim. (c) Any controversy, dispute, claim or question arising out of or relating to this Agreement, including without giving effect limitation its interpretation, performance or non-performance by any party, or any breach thereof (hereinafter, collectively, ("Controversy") shall be referred to and resolved exclusively by three arbitrators through private, confidential arbitration conducted in Philadelphia, PA. Such arbitrators shall be disinterested, neutral individuals who have experience and qualifications in the subject matter of the Controversy. One arbitrator shall be chosen by each party to the conflicts arbitration and the third by the two so chosen. If either party refuses or neglects to appoint an arbitrator within thirty (30) days after receipt of law principles thereofwritten notice from the other party requesting it to do so, the requesting party may choose a total of two arbitrators who shall choose the third. If the arbitrators fail to select the third arbitrator within ten (10) days after both have been named, the party plaintiff shall notify the American Arbitration Association (AAA) who shall appoint the third arbitrator. The AAA shall select an arbitrator who is disinterested, neutral and who has experience and qualifications in the subject matter of the Controversy. Each party to the arbitration shall bear the expense of its own arbitrator and shall jointly and equally bear the cost of the third arbitrator. In the event of the death, disability or incapacity of any arbitrator, a replacement shall be named pursuant to the process, which resulted in the selection of the arbitrator to be replaced. The majority decision of the panel shall be final and binding upon the parties to this Agreement. Judgment may be entered upon the award of the arbitrators in any court of competent jurisdiction. Except as otherwise specifically provided in this Article, the arbitration of any Controversy shall be conducted in accordance with the Commercial Arbitration Rules of the American Arbitration Association. (d) Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or any breach of this Agreement, may be initiated, maintained and finally determined by binding arbitration under the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand auspices of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre Center (the "HKIAC") in accordance with and the Hong Kong International Arbitration Centre Administered Arbitration Rules (site of the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be in Hong Kong. There The arbitral tribunal shall be appointed within 30 days of the notice of dispute, and shall consist of three (3) arbitrators. The complainant , each opposing party to a dispute shall be entitled to appoint one arbitrator and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators third shall be freely selectedjointly appointed by the disputing parties or, and the parties shall not be limited in their selection to any prescribed list. The chairman of failing such agreement within such 300 day period, the HKIAC shall select appoint the third arbitrator. If either party to the The arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings proceeding shall be conducted in English. To The arbitration tribunal shall apply the extent that UNCITRAL Arbitration Rules as administered by the HKIAC Rules are in conflict with at the provisions of this Section 5.2, including the provisions concerning the appointment time of the arbitrators, this Section 5.2 shall prevailarbitration. The award of the arbitral arbitration tribunal shall be final and binding upon the parties theretodisputing parties, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In Any party shall be entitled to seek preliminary injunctive relief from any court of competent jurisdiction pending the event constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 1 contract

Samples: Master Purchase Agreement (Checkpoint Systems Inc)

Governing Law; Arbitration. This Agreement Debenture shall be governed by and interpreted construed in accordance with the internal laws of the State of New York without giving effect to the conflicts of law principles thereofYork. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating related to this Agreement, Debenture or the interpretation, breach, termination, validity or invalidity breach thereof, shall be referred to settled by binding arbitration in New York, New York in accordance with the Expedited Procedures (Rules 53-57) of the Commercial Arbitration Rules of the American Arbitration Association (“AAA”). A proceeding shall be commenced upon written demand by the demand of either party to the dispute with notice (the “Arbitration Notice”) Company or Holder to the other. The Dispute arbitrator(s) shall enter a judgment by default against any party, which fails or refuses to appear in any properly noticed arbitration proceeding. The proceeding shall be settled conducted by arbitration one (1) arbitrator, unless the amount alleged to be in Hong Kong by the Hong Kong International Arbitration Centre dispute exceeds two hundred fifty thousand dollars (the “HKIAC”) $250,000), in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be which case three (3) arbitratorsarbitrators shall preside. The complainant and arbitrator(s) will be chosen by the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving parties from a list provided by the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedAAA, and if the parties shall not be limited in their selection are unable to any prescribed list. The chairman of agree within ten (10) days, the HKIAC AAA shall select the third arbitratorarbitrator(s). If either The arbitrators must be experts in securities law and financial transactions. The arbitrators shall assess costs and expenses of the arbitration, including all attorneys’ and experts’ fees, as the arbitrators believe is appropriate in light of the merits of the parties’ respective positions in the issues in dispute. Each party submits irrevocably to the arbitration fails jurisdiction of any state court sitting in New York, New York or to appoint an arbitrator the United States District Court sitting in New York, New York for purposes of enforcement of any discovery order, judgment or award in connection with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailsuch arbitration. The award of the arbitral tribunal arbitrator(s) shall be final and binding upon the parties theretoand may be enforced in any court having jurisdiction. The arbitration shall be held in such place as set by the arbitrator(s) in accordance with Rule 55. With respect to any arbitration proceeding in accordance with this section, the prevailing party’s reasonable attorney’s fees and expenses shall be borne by the non-prevailing party. Although the parties, as expressed above, agree that all claims, including claims that are equitable in nature, for example specific performance, shall initially be prosecuted in the binding arbitration procedure outlined above, if the arbitration panel dismisses or otherwise fails to entertain any or all of the equitable claims asserted by reason of the fact that it lacks jurisdiction, power and/or authority to consider such claims and/or direct the remedy requested, then, in only that event, will the parties have the right to initiate litigation respecting such equitable claims or remedies. The forum for such equitable relief shall be in either a state or federal court sitting in New York, New York. Each party waives any right to a trial by jury, assuming such right exists in an equitable proceeding, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay irrevocably submits to the prevailing party all expenses jurisdiction of said New York court. New York law shall govern both the proceeding as well as the interpretation and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration construction of such Dispute, this Debenture and the arbitration order, ruling or award shall contain transaction as a specific provision providing for such paymentwhole.

Appears in 1 contract

Samples: Securities Purchase Agreement (CenterStaging Corp.)

Governing Law; Arbitration. This All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereofHong Kong. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother parties. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered UNCITRAL Arbitration Rules (the HKIAC UNCITRAL Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 10(a). There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within thirty (30) days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party hereto shall cooperate with any party to the dispute in making full disclosure of and providing complete access to all information and documents requested by such party in connection with such arbitration proceedings, subject only to any confidentiality obligations binding on the party receiving the request. Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 1 contract

Samples: Share Purchase Agreement (Semiconductor Manufacturing International Corp)

Governing Law; Arbitration. This All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts any choice or conflict of law principles provision or rule thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 9.1. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within thirty (30) days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 1 contract

Samples: Registration Rights Agreement (NIO Inc.)

Governing Law; Arbitration. This All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts any choice or conflict of law principles provision or rule thereof. Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, termination or validity or invalidity thereofhereof, shall be referred submitted to arbitration upon the demand request of either any party with notice to the dispute with notice (the “Arbitration Notice”) to the otherother party. The Dispute arbitration shall be settled by arbitration conducted in Hong Kong by under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre HKIAC Administered Arbitration Rules (the “HKIAC Rules”) then in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall effect, which rules are deemed to be Hong Kongincorporated by reference into this Section 9(d). There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitration. The chairman Chairman of the HKIAC shall select the third arbitrator, who shall be qualified to practice law in Hong Kong. If either party to the arbitration fails to does not appoint an arbitrator with who has consented to participate within 30 days after selection of the Selection Periodfirst arbitrator, the relevant appointment shall be made by the chairman Chairman of the HKIAC. The arbitral arbitration proceedings shall be conducted in English. To Each party irrevocably waives, to the fullest extent that it may effectively do so, any objection which it may now or hereafter have to the laying of venue of any such arbitration in Hong Kong and the HKIAC, and hereby submits to the exclusive jurisdiction of HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailany such arbitration. The award of the arbitral arbitration tribunal shall be final conclusive and binding upon the parties theretodisputing parties, and any party to the prevailing party dispute may apply to a court of competent jurisdiction for enforcement of such award. In Any party to the event dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of competent jurisdiction pending the constitution of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentarbitral tribunal.

Appears in 1 contract

Samples: Share Subscription Agreement (NaaS Technology Inc.)

Governing Law; Arbitration. This Agreement Warrant Certificate and the Warrants shall be governed by, and interpreted construed in accordance with with, the laws of the State of New York California, without giving effect to the conflicts of law principles thereoflaws principles. Any dispute, claim or controversy or claim (each, a “Dispute”) arising out of or relating to the Warrants or this Agreement, Warrant Certificate or any breach thereof between the interpretation, breach, termination, validity or invalidity thereof, parties shall be referred submitted to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the otherFINAL AND BINDING ARBITRATION BEFORE JAMS IN THE STATE OF CALIFORNIA, COUNTY AND CITY OF LOS ANGELES, PURSUANT TO THE JAMS COMPREHENSIVE ARBITRATION RULES AND PROCEDURES. ALL PARTIES FURTHER AGREE THAT THE ARBITRATION SHALL BE CONDUCTED BEFORE A SINGLE JAMS ARBITRATOR WHO IS A RETIRED CALIFORNIA OR FEDERAL JUDGE OR JUSTICE. The Dispute parties shall be settled by arbitration in Hong Kong mutually agree on one arbitrator from the list provided by the Hong Kong International Arbitration Centre (arbitrating organization; provided that if the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration parties cannot agree, then each party shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty from the list, and the two (302) days after giving arbitrators so selected shall agree upon a third (3rd) arbitrator chosen from the same list, which third (3rd) arbitrator shall determine the dispute. The arbitrator shall, to the fullest extent permitted by law, have the power to grant all legal and equitable remedies including provisional remedies and award compensatory damages provided by law, however, the arbitrator shall not have authority to award punitive or receiving exemplary damages. The arbitrator shall award costs a the demand for terms and conditions of this Warrant Certificate. The prevailing party in any arbitration (the “Selection Period”). Such arbitrators or litigation shall be freely selectedreimbursed for its arbitration costs (including -prevailing party. The parties further agree that, upon application of the prevailing party, any Judge of the Superior Court of the State of California, for the County of Los Angeles, may enter a judgment based on the final arbitration award issued by the JAMS arbitrator, and the parties shall not be limited in their selection expressly agree to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party submit to the arbitration fails jurisdiction of this Court for such a purpose. No action at law or in equity based upon any claim arising out of or related to appoint an arbitrator with the Selection Period, the relevant appointment this Warrant Certificate shall be made instituted in any court by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing any party may apply (or their respective equity holders) except (A) an action to a court of competent jurisdiction for enforcement of such award. In the event of the compel arbitration of any Dispute pursuant to this Section, the losing party Section 19 or (B) an action to enforce an award obtained in such an arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred proceeding in connection accordance with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentthis Section 19. THE PARTIES UNDERSTAND THAT BY AGREEMENT TO BINDING ARBITRATION THEY ARE GIVING UP THE RIGHTS THEY MAY OTHERWISE HAVE TO TRIAL BY A COURT OR A JURY AND ALL RIGHTS OF APPEAL AND TO AN AWARD OF PUNITIVE OR EXEMPLARY DAMAGES.

Appears in 1 contract

Samples: Senior Secured Commercial Loan Agreement

Governing Law; Arbitration. (a) This Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect Delaware. (b) Except for defaults relating to payments as provided for in any of the conflicts Transaction Documents or in connection with pursuit of law principles thereof. Any any equitable remedy, any dispute, deadlock, controversy or claim arising out of, relating to or in connection with any of the Transaction Documents, including any question regarding the existence, validity or termination, or a breach thereof but excluding any breaches for payments under such agreements (eachhereafter, each such dispute, deadlock, controversy, claim or breach, a “Dispute”) arising out of or relating to this Agreement), or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled by binding arbitration in Hong Kong administered by the Hong Kong International American Arbitration Centre Association (the HKIACAAA”) in accordance with the Hong Kong International Arbitration Centre Administered its Commercial Arbitration Rules in effect on the date of this Agreement. A Member desiring to submit a Dispute arising out of, relating to or in connection with this Agreement to arbitration shall give written notice to such effect to the other Member(s) and to the AAA. (c) Any and all arbitrations shall take place in Baltimore, Maryland, or at such other place as the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedparties may mutually agree, before a single arbitrator. The seat AAA shall designate the arbitrator for each arbitration proceeding. (d) As part of the award, the arbitrator shall have the authority to allocate to either party all or a portion of the costs, fees and expenses incurred by the other party in connection with the arbitration shall be Hong Kong. There shall be three and in the preparation for the arbitration, including (3a) reasonable attorney’s fees and expenses, (b) the AAA’s administrative fees and expenses, and (c) the fees and expenses of the arbitrators. The complainant and the respondent to such dispute shall Except as provided above, each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails shall equally bear the fees and expenses of the arbitration proceeding, including those of the arbitrator and the AAA, and each party shall be responsible for any legal fees incurred by it in connection with any arbitration. (e) The parties agree to appoint an facilitate the arbitration by (i) conducting arbitration hearings to the greatest extent possible on successive days, and (ii) observing strictly the time periods established by the Rules or by the arbitrator for submission of evidence or briefs. (f) The arbitrator shall have the authority to grant prejudgment injunctive or interim relief. Direct testimony may be submitted by sworn affidavit, written question and answer or oral testimony. Reasonable discovery shall be permitted. The decision of the arbitrator shall be rendered as expeditiously as possible. Any award shall set forth the factual and legal grounds upon which it is based. The arbitrator shall not have any authority to award special, exemplary, indirect, consequential or punitive damages. (g) The award may be made public only with the Selection Periodwritten consent of all parties to the arbitration; provided, the relevant appointment shall however, that any ruling or award may be made by the chairman cited in any subsequent dispute. The factual findings of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal arbitrator shall be final and binding upon on the parties theretoto the arbitration and shall not be subject to judicial review. In any proceeding to vacate or confirm the award, the reviewing court shall have full jurisdiction to review and correct errors of law as if sitting in review of the decision of a lower court. Subject to the review permitted by the preceding sentence, judgment on any award or determination rendered by the arbitrator may be entered in any a court having jurisdiction thereof, and the prevailing party may apply parties to a the arbitration authorize any such court of competent jurisdiction for enforcement of such award. In to enter judgment on the event award or determination. (h) Each of the arbitration Members hereby undertakes to carry out without delay the provisions of any Dispute pursuant arbitration award or decision, if applicable to this Section, the losing party in such arbitration shall pay it. (i) Except as expressly provided above to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred contrary or in connection with pursuit of an equitable remedy, each Member agrees that arbitration under this section 16.2 is the arbitration of such exclusive method for resolving any Dispute with respect to this Agreement and that it will not commence any action or proceeding based on a Dispute, and except to enforce an arbitrator’s decisions as provided in this section 16.2 or to compel the other Member to participate in arbitration order, ruling under this section 16.2 or to vacate or confirm the award shall contain a specific provision providing for such paymentas provided in this section 16.2.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Advanced Drainage Systems, Inc.)

Governing Law; Arbitration. (a) This Guaranty Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York York, US, without giving effect regard to the principles of conflicts of law principles laws thereof. (b) Prior to submitting an arbitral dispute arising under this Guaranty Agreement to arbitration under this Clause, each Party agrees to enter into good faith informal negotiations promptly upon notification by the other Party of any arbitral dispute or anticipated arbitral dispute. The Parties agree to attempt to resolve such dispute in a mutually acceptable manner. If the dispute is not resolved within twenty (20) days after receipt of such notice from the disputing Party, either Party may proceed to invoke arbitration pursuant to this Clause. (c) Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, Guaranty Agreement or the interpretation, breach, termination, validity or invalidity termination thereof, shall except those disputes required to be referred to an Expert as provided for in Clause 17 of the Gas Contract or resolved by informal negotiations between the Parties are arbitral disputes and may be submitted to arbitration upon before a panel consisting of three (3) neutral arbitrators, each having significant professional experience in the demand type of either party matter in dispute, unless the Parties shall mutually agree in writing to submit an arbitral dispute to an Expert for determination under Article 17 of the dispute with notice Gas Contract in lieu of arbitration under this Clause. (d) To invoke arbitration, a Party shall give Proved Notice (as defined in the “Arbitration Notice”Gas Contract) to the otherother Party, describing the matter in dispute and amount of damages claimed, and appointing one arbitrator. The Dispute notified Party shall then have fifteen (15) days to respond including appointing one arbitrator. If any Party does not appoint its arbitrator within the time provided above, such arbitrator shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) appointed in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules rules mentioned below. (e) The two arbitrators appointed by the “HKIAC Rules”) Parties shall endeavor in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent good faith to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select appoint the third arbitrator. If either party such third arbitrator is not appointed within fifteen (15) days, the third arbitrator shall be designated in accordance with the Rules of Arbitration of the International Chamber of Commerce (ICC) as amended from time to time. (f) All disputes arising in connection with this Guaranty Agreement shall be finally settled under the Rules of Arbitration of the ICC, with preference given to an expedited arbitration process. The place of the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by New York, New York or any other place the chairman of the HKIACParties may agree. The arbitral proceedings shall arbitration will be conducted in English. To In the extent event a Party fails or refuses to submit to binding arbitration following receipt of Proved Notice invoking arbitration, that Party shall bear all costs and expenses incurred by the HKIAC Rules are in conflict with the provisions of this Section 5.2Party seeking arbitration, including the provisions concerning the appointment costs and expenses of the arbitratorsbringing an action in court, this Section 5.2 to compel arbitration. (g) The arbitral award shall prevail. The award of the arbitral tribunal be in writing and shall be final and binding on the Parties, The award shall include an award of costs, including reasonable attorney’s fees and disbursements. Judgment upon the award may be entered in any court having jurisdiction over the Party or Parties required by the award to make payments or to take any other action or jurisdiction over its or their assets. (h) Within the meaning and for the sole purpose of paragraph 13 “Joinder of Claims in Arbitration Proceedings” of Appendix II to the ICC Rules, the parties theretoagree that: (i) any dispute, claim or controversy arising out of or relating to this Guaranty Agreement and subject to arbitration hereunder, shall be considered to arise out of or relate to the same legal relationship constituted among the Payee and the prevailing party Guaranteed Party under the Gas Contract; (ii) the Guarantor and the Guaranteed Party shall be considered one and the same party; (iii) in case the International Court of Arbitration decides to include a claim in existing proceedings, the parties shall take such actions as may apply be necessary under the ICC Rules to a court carry out such joinder; and (iv) in the event the International Court of competent jurisdiction for enforcement Arbitration decides, notwithstanding the provisions of clauses (i), (ii) and (iii) above, that it lacks the authority under paragraph 13 to decide over such joinder, any party, within 15 days of being notified of such award. In decision, may petition the event of existing tribunal under the arbitration of any Dispute pursuant Gas Contract to this Sectionjoin such dispute, claim or controversy in the existing proceedings with respect to the related dispute, claim or controversy under the Gas Contract and if such tribunal so decides, the losing party dispute, claim or controversy shall be included in such arbitration shall pay proceedings and the parties agree to submit to the prevailing party jurisdiction of such tribunal and any decision thereof shall be final and binding on all expenses parties involved. (i) No person shall be entitled to act as arbitrator unless they are ready, willing and fees (including reasonable attorneys’ fees) incurred in connection able to proceed with the arbitration of such Dispute, in a diligent manner through to its completion and the arbitration order, ruling or award shall contain have agreed to be compensated on a specific provision providing for such paymentreasonable basis.

Appears in 1 contract

Samples: Contract for the Sale and Purchase of Natural Gas (GeoPark LTD)

Governing Law; Arbitration. 19.1 This Agreement shall be governed by and interpreted construed in accordance with the domestic substantive laws of the State of New York Utah, without giving effect to the conflicts any choice or conflict of law principles thereof. Any provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction; provided, however, that any dispute relating to the provisions of Section 19.2 shall be governed by the United States Arbitration Act as then in force. 19.2 Except solely as set forth in Section 19.4, each dispute, difference, controversy or claim (each, a “Dispute”) arising out of in connection with or relating to this Agreementrelated or incidental to, or question occurring under, this Agreement or the interpretation, breach, termination, validity or invalidity thereof, subject matter hereof shall be referred to arbitration upon finally settled under the demand Commercial Arbitration Rules of either party to the dispute with notice American Arbitration Association (the “Arbitration NoticeAAA”) to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat an arbitral tribunal composed of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select , at least one arbitrator within thirty (301) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators of whom shall be freely selectedan attorney experienced in corporate transactions, and appointed by agreement of the parties in accordance with said Rules. In the event the parties fail to agree upon a panel of arbitrators from the first list of potential arbitrators proposed by the AAA, the AAA will submit a second list in accordance with said Rules. In the event the parties shall not have failed to agree upon a full panel of arbitrators from the second list, any remaining arbitrators to be limited selected shall be appointed by the AAA in their selection accordance with said Rules. If, at the time of the arbitration, the parties agree in writing to submit the dispute to a single arbitrator, said single arbitrator shall be appointed by agreement of the parties in accordance with the foregoing procedure, or, failing such agreement, by the AAA in accordance with said Rules. The foregoing arbitration proceedings may be commenced by any party by notice to all other parties. 19.3 The place of arbitration shall be Salt Lake City, Utah. 19.4 The parties hereto exclude any right of appeal to any prescribed listcourt on the merits of the dispute. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.219 may be enforced in any court having jurisdiction over the award of any of the parties or any of their respective assets and judgment on the award (including without limitation equitable remedies) granted in any arbitration hereunder may be entered in any such court. Nothing contained in this Section 19 shall prevent any party from seeking interim measures of protection in the form of pre-award attachment of assets or preliminary or temporary equitable relief. 19.5 To the extent not prohibited by applicable law which cannot be waived, including each of the parties hereto hereby waives, and covenants that he or it will not assert (whether as plaintiff, defendant, or otherwise), any right to trial by jury in any forum in respect of any issue, claim, demand, cause of action, action, suit or proceeding arising out of or based upon this Agreement or the subject matter hereof, in each case whether now existing or hereafter arising and whether in contract or tort or otherwise. Any of the parties hereto may file an original counterpart or a copy of this Section 19.5 with any court as written evidence of the consent of each of the parties hereto to the waiver of his or its right to trial by jury. 19.6 Each of the parties hereto acknowledges that he or it has been informed by each other party that the provisions concerning the appointment of the arbitrators, Section 19 constitute a material inducement upon which such party is relying and will rely in entering into this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, Agreement and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymenttransactions contemplated hereby.

Appears in 1 contract

Samples: Employment Agreement (iFit Health & Fitness Inc)

Governing Law; Arbitration. (i) This Agreement and all rights and obligations hereunder, including, but not limited to, matters of construction, validity and performance, shall be governed by and interpreted construed in accordance with the laws of the State of New York without giving effect to the conflicts of law principles thereof. Utah. (ii) Any dispute, claim or controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, Agreement or the interpretation, breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope or invalidity thereofapplicability of this agreement to arbitrate, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be finally settled by binding arbitration in Hong Kong administered by the Hong Kong International American Arbitration Centre (the “HKIAC”) Association in accordance with the Hong Kong International Arbitration Centre Administered its Commercial Arbitration Rules (the “HKIAC Rules”) in force at effect on the time when date of the Arbitration Notice is submittedcommencement of the arbitration, and applying the substantive law of the State of Utah, without reference to its laws relating to conflicts of law. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in EnglishNew York City, New York by a sole arbitrator appointed pursuant to the Rules. To The arbitrator(s) shall deliver a reasoned written decision with respect to the extent dispute to each party, who shall promptly act in accordance therewith. The prevailing party shall be entitled to recover its reasonable costs relating to that the HKIAC Rules are in conflict with the provisions aspect of this Section 5.2its claim or defense on which it prevails, including the provisions concerning the appointment of the arbitratorsreasonable attorneys’ fees and costs, this Section 5.2 and any opposing costs awards shall prevailbe offset. The award of the arbitral tribunal arbitrator shall be final and binding upon on the parties theretoparties, and judgment may be entered on the prevailing award and enforced by any court of competent jurisdiction. Notwithstanding the foregoing, either party may apply to seek injunctive relief or other provisional remedies in aid of arbitration from a court of competent jurisdiction for enforcement of such award. In in the event that such action is reasonably necessary (e.g., a data breach). Each party hereby irrevocably and unconditionally consents to service of process in the arbitration of manner provided for notices in Section 16(f) for any Dispute pursuant to proceeding commenced under this SectionSection 16(d)(ii). (iii) TO THE FULLEST EXTENT PERMITTED BY LAW, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such DisputeEACH OF THE PARTIES AGREES THAT ANY PROCEEDING, and the arbitration orderWHETHER IN ARBITRATION OR IN COURT, ruling or award shall contain a specific provision providing for such paymentWILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED OR REPRESENTATIVE ACTION. IF FOR ANY REASON A CLAIM PROCEEDS IN COURT RATHER THAN THROUGH ARBITRATION, EACH PARTY KNOWINGLY AND IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY.

Appears in 1 contract

Samples: Card Acceptance Agreement

Governing Law; Arbitration. This Agreement shall be governed by and interpreted construed in accordance with the internal laws of the State California applicable to parties residing in California, without regard applicable principles of New York without giving effect to the conflicts of law principles thereoflaw. Any dispute, claim or controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, Agreement or the interpretation, breach, termination, enforcement, interpretation or validity hereof, including the determination of the scope or invalidity thereofapplicability of this agreement to arbitrate shall be determined by arbitration in Santa Xxxxx County, California before one arbitrator (the “Arbitration”). The Arbitration shall be final and binding. The Arbitration shall be submitted to JAMS or its successor (collectively, “JAMS”) and administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures and the Parties will use reasonable efforts to expedite the resolution of the Arbitration as promptly as practicable (and within sixty (60) days of the initial submission of the Arbitration to JAMS by a party hereto). Either party may initiate Arbitration by filing a written demand for arbitration with JAMS. Seller and Purchaser shall each advance one half of the arbitrator’s fees and administrative costs of the Arbitration. The arbitrator shall award to the prevailing party or parties, if any, the costs (including advanced JAMS payments) (but excluding any attorneys’ fees) reasonably incurred by the prevailing party or parties in connection with the Arbitration taking into account the extent of the prevailing party’s or parties’ victory. Judgment on the award rendered by the arbitrator may be entered in any court of appropriate jurisdiction. This clause shall not preclude any party from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. Notwithstanding the foregoing, any dispute, claim or controversy arising out of or relating to the Closing Net Working Capital Statement (a “Working Capital Disagreement”) shall instead be referred to arbitration upon an Independent Accounting Firm for resolution. Purchaser and the demand Seller shall instruct the Independent Accounting Firm that the determinations of either party such firm with respect to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute any Working Capital Disagreement shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre rendered within fifteen (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (3015) days after giving referral of the Working Capital Disagreement to such firm or receiving the demand for arbitration (the “Selection Period”)as soon thereafter as reasonably possible. Such arbitrators determinations shall only be freely selectedmade with respect to the items that remain the subject of the Working Capital Disagreement on the basis of written position papers submitted by Purchaser and the Seller (i.e., not on the basis of independent review), shall with respect to each item be made within the range of the disputed amounts claimed by Purchaser and the Seller in the position papers submitted, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties theretoParties. Each of Purchaser and the Seller shall use its commercially reasonable efforts to cause the Independent Accounting Firm to render its determination within the 15-day period described above, and each shall cooperate with such firm and provide such firm with reasonable access to the prevailing party books, records, personnel and representatives of it and such other information as such firm may apply reasonably require in order to a court of competent jurisdiction for enforcement of such awardrender its determination. In the event All of the arbitration fees and expenses of any Dispute Independent Accounting Firm retained pursuant to this SectionSection 9.10 shall be allocated between the Seller, on the losing party one hand, and Purchaser, on the other hand, in such arbitration shall pay the same proportion that the aggregate amount of the items unsuccessfully disputed or defended, as the case may be, by each (as finally determined by the Independent Accounting Firm) bears to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with total amount of the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentdisputed items.

Appears in 1 contract

Samples: Asset Purchase Agreement (Identiv, Inc.)

Governing Law; Arbitration. (a) This Agreement Agreement, for all purposes, shall be governed and interpreted construed in accordance with the laws of the State Commonwealth of New York Massachusetts without giving effect regard to the conflicts of law principles thereof. Any principles, except for the arbitration provisions contained in this Section 25, which shall be governed solely by the Federal Arbitration Act, 9 U.S.C. §§ 1-4. (b) Except with respect to any claim for injunctive relief by the Company pursuant to Section 9, any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this Agreement, its enforcement, arbitrability or the interpretation, or because of an alleged breach, terminationdefault, validity or invalidity thereofmisrepresentation in connection with any of its provisions, Executive’s employment with the Company, including any alleged violation of statute, common law or public policy shall be referred submitted to final and binding arbitration upon the demand of either party to the dispute with notice before The American Arbitration Association (the Arbitration NoticeAAA”) to the other. The Dispute shall be settled by arbitration held in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) Boston, Massachusetts before a single arbitrator, in accordance with the Hong Kong International then-current AAA Employment Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. By initialing below, Executive agrees to waive all rights to a jury trial. The seat of arbitration arbitrator shall be Hong Kong. There shall be three (3) arbitratorsselected by mutual agreement of the parties or, if the parties cannot agree, then by striking from a list of arbitrators supplied by AAA. The complainant arbitrator shall issue a written opinion stating the essential findings and conclusions on which the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed listarbitrator’s award is based. The chairman of Company shall pay the HKIAC shall select the third arbitrator. If either party ’s fees and arbitration expenses and any other costs unique to the arbitration fails hearing (recognizing that each side bears its own deposition, witness, expert and attorney's fees and other expenses to appoint an arbitrator with the Selection Periodsame extent as if the matter were being heard in court). If, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent however, any party prevails on a statutory claim that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and affords the prevailing party attorneys’ fees and costs, then the arbitrator may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay award reasonable attorneys’ fees and costs to the prevailing party. Any dispute as to who is a prevailing party all expenses and/or the reasonableness of any fee or costs shall be resolved by the arbitrator. (c) This agreement to arbitrate is freely negotiated between Executive and fees (the Company and is mutually entered into between the parties. Each party fully understands and agrees that it is giving up certain rights otherwise afforded to it by civil court actions, including reasonable attorneys’ fees) incurred in connection but not limited to the right to a jury trial. __/s/BG____ By initialing here, Executive acknowledges he has read this paragraph and agrees with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentherein.

Appears in 1 contract

Samples: Employment Agreement (Byrna Technologies Inc.)

Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with (a) THE AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. (b) In the laws event of the State of New York without giving effect to the conflicts of law principles thereof. Any any dispute, controversy or claim arising out of or in connection with this Agreement or any of the Ancillary Agreements (each, a “Dispute”"DISPUTE"), the parties shall use their reasonable efforts to resolve such Dispute within a period of ninety (90) arising out calendar days, commencing from either party's receipt of a notice from the other party indicating the existence of a Dispute (a "NOTICE"). In the event any such Dispute is not so resolved within ninety (90) calendar days after receipt of a Notice, either Buyer or relating Seller may refer such Dispute to this Agreement, or be resolved by final and binding arbitration under the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand Rules of either party to the dispute with notice Arbitration (the “Arbitration Notice”"RULES") of the International Chamber of Commerce (the "ICC"). The Rules are deemed to be incorporated by reference into this clause. The party desiring to commence an arbitration shall provide a written request (an "ARBITRATION REQUEST") to the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre other party (the “HKIAC”"RESPONDENT") and to the ICC in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat number of arbitration shall be Hong Kong. There arbitrators shall be three (3) (such arbitrators, collectively, the "ARBITRAL TRIBUNAL"). The complainant Each of Seller and Buyer shall nominate one arbitrator and send written notice of that nomination to the respondent other party within such time period. In the event that either party fails to nominate its arbitrator or send written notice of that nomination to the other party within such dispute time period, the ICC shall each select one instead nominate that arbitrator within thirty (30) calendar days after giving or receiving receipt of a written notice from either party indicating the demand for arbitration other party's failure to comply with the foregoing provision. Within thirty (30) calendar days after their confirmation, the “Selection Period”). Such first two arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select nominate the third arbitrator, who shall serve as the Chairperson of the Arbitral Tribunal. If either party the first two arbitrators fail to nominate the arbitration fails to appoint an third arbitrator with the Selection Periodwithin such time period, the relevant appointment third arbitrator shall be made nominated by the chairman ICC and shall serve as the Chairperson of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event of the arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentArbitral Tribunal.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Cytec Industries Inc/De/)

Governing Law; Arbitration. This Retirement Agreement shall be governed by and interpreted in accordance with construed and enforced according to the laws of the State of New York York, without giving effect regard to conflicts of laws principles thereof, unless preempted by federal law. Subject to the conflicts arbitration provisions in the following paragraph, the parties agree that the state and federal courts located in the State of law principles thereof. Any disputeNew York, controversy County of Suffolk, shall have exclusive jurisdiction in any action, suit or claim (each, a “Dispute”) proceeding based on or arising out of this Retirement Agreement and the parties hereby: (a) submit to the personal jurisdiction of such courts; (b) consent to service of process in connection with any action, suit or relating proceeding; (c) agree that venue is proper and convenient in such forum; (d) waive any other requirement (whether imposed by statute, rule of court or otherwise) with respect to this Agreementpersonal jurisdiction, subject matter jurisdiction, venue, or service of process; and (e) waive the interpretationright, breachif any, termination, validity to a jury trial. Any claims arising under or invalidity thereof, related to the Retirement Agreement shall be referred to settled by binding arbitration upon the demand of either party pursuant to the rules of the American Arbitration Association under its Employment Arbitration Rules or such other rules as to which the parties may agree. The arbitration shall take place in in the Borough of Manhattan in the City of New York, within 30 days following service of notice of such dispute with notice (the “Arbitration Notice”) to by one party on the other. The Dispute shall be settled by arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall conducted before a panel of three arbitrators, one to be three (3) arbitratorsselected by each of the parties and the third to be selected by the other two. The complainant panel of arbitrators shall have no authority to order a modification or amendment of the Retirement Agreement. Except as provided below, Executive and the respondent Company agree that this arbitration procedure will be the exclusive means of redress for any disputes relating to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving arising under the demand for arbitration (Retirement Agreement. The parties expressly waive the “Selection Period”). Such arbitrators shall be freely selectedright to a jury trial, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent agree that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties theretoon both parties, and shall not be appealable and may be filed with the prevailing clerk of one or more courts, state or federal, having jurisdiction over the party may apply to against whom such award is rendered or such party’s property as a basis of judgment and of the issuance of execution for its collection. The Company and Executive agree that the sole disputes that are excepted from this paragraph are any actions seeking injunctive relief from a court of competent jurisdiction for regarding enforcement and application of such award. In the event Sections 5 and 6 of the this Retirement Agreement, which actions may be brought in addition to, or in place of, an arbitration of any Dispute pursuant to this Section, the losing party proceeding in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection accordance with the arbitration first paragraph of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentthis Section 8.

Appears in 1 contract

Samples: Retirement and Transition Agreement (MSC Industrial Direct Co Inc)

Governing Law; Arbitration. (a) This Agreement and all disputes, claims or controversies relating to, arising out of, or in connection with this Agreement shall be governed by and interpreted construed in accordance with the internal laws of the State of New York without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws rules of the State of New York. (b) In the event of any dispute, claim or controversy relating to, arising out of, or in connection with this Agreement, other than a claim for specific performance pursuant to Section 12.6 of the Purchase Agreement (collectively, a “Dispute”), which cannot be amicably settled between Buyer and Sellers within 30 calendar days of assertion, either of Buyer or Sellers (acting through the Sellers’ Representative) may give written notice of the existence of the Dispute and the Dispute shall thereupon be settled by arbitration conducted on a confidential basis, under the Commercial Arbitration Rules of the American Arbitration Association (the “Association”) strictly in accordance with the terms of this Agreement and the substantive law of the State of New York (excluding choice of law provisions). The arbitrator shall act strictly in accordance with the terms of this Agreement. (c) All demands for arbitration shall be filed in the Borough of Manhattan in the City of New York, New York, USA. The arbitration shall be conducted at the Association’s regional office located in the Borough of Manhattan by an arbitrator who shall be knowledgeable regarding the substantive area and the particular item(s) involved in the Dispute. Unless otherwise agreed by the parties, the arbitrator must be either a licensed attorney or a certified public accountant who has practiced in such substantive area for at least ten (10) years, and shall be chosen by the parties within fifteen (15) days from lists of qualified persons provided by the Association. If the parties are unable to agree on an arbitrator, Buyer and Sellers’ Representative shall each choose an arbitrator within fifteen (15) days from the lists of qualified persons provided by the Association, and the two appointees shall then select an arbitrator within fifteen (15) days from the lists of qualified persons provided by the Association who shall act as the sole arbitrator for the Dispute. Such sole arbitrator shall be a licensed attorney or a certified public accountant, be knowledgeable regarding the substantive area and the particular item(s) involved in the Dispute and have practiced in such substantive area for at least ten (10) years. The parties hereby consent to service of process by registered mail, return receipt requested, or by any other manner provided by the laws of the State of New York without giving effect to the conflicts of law principles thereof. Any dispute, controversy and hereby waive any claims or claim defenses based upon venue or forum non conveniens. (each, a “Dispute”d) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, The arbitral award shall be referred to arbitration final, binding, and nonappealable by the parties, and judgment upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute award shall be settled by arbitration in Hong Kong enforceable by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules (the “HKIAC Rules”) in force at the time when the Arbitration Notice is submitted. The seat of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedarbitrator, and the parties shall not may be limited entered and enforced in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevail. The award of the arbitral tribunal shall be final and binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such awardjurisdiction. In any award, the event arbitrator shall assess the arbitration costs and expenses, including attorneys’ fees of the arbitration of any Dispute pursuant to this Sectionparties, in a manner deemed equitable by the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with arbitrator, taking into account the arbitration decision. The obligation to arbitrate shall extend to any successor, assign, affiliate, subsidiary, principal, agent, trustee in bankruptcy, or guarantor of such Dispute, and a party involved in the arbitration order, ruling or award shall contain Dispute and/or making a specific provision providing for such payment.defending any Claim.2

Appears in 1 contract

Samples: Membership Interests Purchase Agreement (Affinion Group, Inc.)

Governing Law; Arbitration. This Agreement shall be governed and interpreted in accordance with by the laws of the State of New York York, USA, without giving effect regard to the conflicts of law principles thereofprinciples. Any Prior to engaging in any formal dispute resolution with respect to any dispute, controversy or claim arising out of or in relation to this Agreement or the breach, termination or invalidity thereof (each, a “Dispute”), the designated officers of the parties (for ZKC, an officer at the level of Vice President or above; for Theraclone, its CEO) arising out shall attempt for a period of or relating not less than sixty (60) days to this Agreement, or resolve such Dispute. Any Dispute that cannot be settled amicably by agreement of the interpretation, breach, termination, validity or invalidity thereofparties pursuant to the preceding sentence, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be finally settled by arbitration in Hong Kong accordance with the arbitration rules of the American Arbitration Association (“AAA”), then in force, as modified by this Section, by a panel of three arbitrators if the Hong Kong International Arbitration Centre (the “HKIAC”) amount alleged to be in controversy exceeds [***] and otherwise by a single arbitrator. The arbitrator or arbitrators shall be appointed in accordance with said rules, provided that the Hong Kong International Arbitration Centre Administered Arbitration Rules (appointed arbitrators shall have appropriate experience in the “HKIAC Rules”) in force at the time when the Arbitration Notice is submittedbiopharmaceutical industry. The seat language of the arbitration shall be in English, and the place of arbitration shall be Hong Kong. There shall be three (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (30) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selectedNew York, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection PeriodNew York, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevailUSA. The award of the arbitral tribunal rendered shall be final and binding upon both parties. Each party shall pay its own costs incurred in participating in the arbitration, except that the parties thereto, and shall split 50:50 the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event administrative costs of the arbitration arbitration; provided, however, that the judgment rendered by the arbitrator(s) may include costs of arbitration, reasonable attorneys’ fees and reasonable costs for any Dispute expert and other witnesses. The arbitrators in such proceeding may expressly consider the amounts paid or payable pursuant to this Section, Agreement in considering any claim of damages. Nothing in this Agreement shall be deemed as preventing either party from seeking injunctive relief (or any other provisional remedy) from any court having jurisdiction over the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ fees) incurred in connection with the arbitration of such Dispute, parties and the arbitration ordersubject matter of the dispute as necessary to protect either party’s name, ruling proprietary information, trade secrets, know-how or any other proprietary rights. Judgment upon the award shall contain a specific provision providing may be entered in any court having jurisdiction, or application may be made to such court for such paymentjudicial acceptance of the award and/or an order of enforcement as the case may be.

Appears in 1 contract

Samples: Development and License Agreement (Pharmathene, Inc)

Governing Law; Arbitration. This Agreement shall be governed by and interpreted construed in accordance with the laws of the State of New York Louisiana without giving effect regard to the conflicts its provisions as to choice of law principles thereoflaw. Any disputedispute arising between the Parties concerning the meaning or interpretation of this Agreement or of any of their respective rights, controversy duties or claim (each, a “Dispute”) arising out of or relating obligations under this Agreement shall with reasonable promptness be submitted to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the “Arbitration Notice”) to the other. The Dispute shall be settled and determined by binding arbitration in Hong Kong by the Hong Kong International Arbitration Centre (the “HKIAC”) New Orleans, Louisiana in accordance with the Hong Kong International Arbitration Centre Administered Commercial Arbitration Rules of the American Arbitration Association then in effect (hereinafter referred to as the “HKIAC AAA Rules”) which each Party agrees shall be the sole and exclusive method for resolving such dispute; provided that judgment upon any Final Determination (as defined below) may be entered in force at any court having jurisdiction thereof and either Party may institute proceedings in any court having jurisdiction for the time when specific performance by either Party of any such award. Licensee, on the Arbitration Notice is submittedone hand, and Licensor, on the other hand shall each designate one arbitrator. Such designated arbitrators shall mutually agree upon and shall designate a third arbitrator within 15 days of their designation; provided, however, that (i) failing such agreement within such 15-day period, the third arbitrator shall be appointed in accordance with the AAA Rules and (ii) if either Licensee, on the one hand, or Licensor, on the other hand, shall fail to timely designate an arbitrator, the dispute shall be resolved by the one arbitrator timely designated by the other Party. None of the arbitrators shall be affiliated with any of Licensor, Licensee or any of their respective affiliates. The seat of arbitration arbitrators shall use their best efforts to decide the matters to be Hong Kong. There shall be three arbitrated pursuant hereto within sixty (3) arbitrators. The complainant and the respondent to such dispute shall each select one arbitrator within thirty (3060) days after giving or receiving the demand for arbitration (the “Selection Period”). Such arbitrators shall be freely selected, and the parties shall not be limited in their selection to any prescribed list. The chairman of the HKIAC shall select the third arbitrator. If either party to the arbitration fails to appoint an arbitrator with the Selection Period, the relevant appointment shall be made by the chairman of the HKIAC. The arbitral proceedings shall be conducted in English. To the extent that the HKIAC Rules are in conflict with the provisions of this Section 5.2, including the provisions concerning the appointment of the arbitrators, this Section 5.2 shall prevaillast arbitrator. The award final decision of the arbitral tribunal majority of the arbitrators (or the sole arbitrator if either of the appropriate Parties fails to designate an arbitrator) (hereinafter referred to as the “Final Determination”) shall be final furnished to Licensee and Licensor in writing and shall constitute a conclusive determination of the issue in question, binding upon each Party and shall not be contested on the parties theretomerits by either of them, except for fraud or perjury prejudicing the rights of either Party and to correct manifest clerical errors. The arbitrator(s) will determine the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. In the event allocation of the costs and expenses of arbitration of any Dispute pursuant to this Section, the losing party in such arbitration shall pay to the prevailing party all expenses and fees (including reasonable attorneys’ attorney’s fees) incurred based upon the relative merits of each Party’s position in connection with the arbitration of such Dispute, and the arbitration order, ruling or award shall contain a specific provision providing for such paymentdispute.

Appears in 1 contract

Samples: License Agreement (Ruths Chris Steak House, Inc.)

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